Evisort - AI for Contract Lifecycle Management.

There are a growing number of great use-cases for using AI in a business - the team at Evisoft have provided another in the Contract Lifecycle Management space. Managing contracts efficiently and effectively is crucial for ensuring compliance, mitigating risks, and driving operational success. Evisort, a pioneer in the realm of AI-powered contract lifecycle management (CLM), offers innovative solutions to address these challenges. In this blog post, we explore who Evisort is, what they do, and how their AI-driven technology transforms contract management for businesses worldwide.

Who is Evisort?

Evisort is a provider of contract lifecycle management (CLM) and contract intelligence software, founded in 2016 by a team of Harvard Law and MIT graduates. The company was established to address a problem that almost every large organisation faces: how to understand, track, and manage the thousands of contracts that underpin supplier relationships, customer engagements, employee agreements, and compliance obligations.

From the outset, Evisort focused on using artificial intelligence to interpret and analyse contract data, setting itself apart from more traditional contract management systems that simply digitised storage and workflows. This emphasis on intelligence quickly gained traction with legal, procurement, and finance leaders who needed greater visibility into the commitments buried across their organisation’s contract estate.

Over the years, Evisort has raised more than $150 million in venture funding, expanded its customer base to include Fortune 500 enterprises, and built a reputation as one of the leaders in AI-powered CLM. In 2023, the company was acquired by Workday, a major player in cloud enterprise applications for HR and finance. This acquisition gave Evisort a larger platform and resources for growth, while ensuring that its contract intelligence capabilities could be integrated into broader business systems.

Today, Evisort sits at the intersection of legal technology, procurement, and enterprise automation. Its platform is used by organisations across a wide range of sectors to improve visibility into contractual obligations, reduce legal risk, and accelerate business decisions.

What does Evisort’s software do?

Evisort’s software is designed to manage the entire lifecycle of a contract, from creation and negotiation through to execution, renewal, and compliance monitoring. At the heart of the platform is a cloud-based repository that centralises every contract in a single system. This alone provides value for organisations that typically have contracts scattered across shared drives, procurement systems, and email archives.

What differentiates Evisort is how it interprets and makes sense of those contracts. The system uses machine learning models trained on millions of legal documents to automatically identify key clauses, terms, and obligations. Instead of requiring legal teams to manually review documents, the software surfaces critical information immediately. Users can search contracts by clause type, renewal date, or counterparty, turning unstructured legal text into structured business data.

Beyond analysis, Evisort provides tools to manage workflows. Contracts can be drafted, negotiated, approved, and routed for signature through configurable processes that align with company policies. Dashboards give leadership teams visibility into contract status, bottlenecks, and renewal pipelines. Reporting capabilities allow executives to understand exposure, such as how many supplier agreements contain automatic renewal clauses or how many customer contracts are up for renegotiation in the next quarter.

Evisort integrates with a wide range of enterprise applications, including Workday, Salesforce, SAP Ariba, Microsoft 365, and Google Workspace. This ensures that contract data can flow seamlessly into the systems where business users already work, linking obligations directly to finance, HR, and procurement processes.

In short, Evisort transforms contracts from static legal documents into dynamic sources of intelligence that can be used to drive decisions across the enterprise.

What problems does Evisort solve for businesses?

Contracts are fundamental to every business relationship, yet they are often among the least accessible and least understood sources of information. It is not uncommon for global enterprises to have tens of thousands of active contracts stored in different repositories, formats, and geographies. In many cases, organisations cannot answer simple but critical questions such as:

• What are our total obligations to suppliers in the next 12 months?

• Which contracts are about to auto-renew, and on what terms?

• Do any of our customer agreements expose us to compliance risk?

This lack of visibility creates risk, slows down decision-making, and consumes significant time for legal and procurement teams.

Evisort addresses these challenges directly. By bringing contracts into one system and applying AI-driven analysis, it provides a clear and searchable view of the organisation’s contractual landscape. Legal teams benefit from faster reviews and reduced manual workload. Procurement functions gain the ability to track supplier obligations and identify opportunities to renegotiate terms. Finance leaders get more accurate visibility into liabilities, revenue recognition, and upcoming commitments. Compliance teams gain an auditable record of obligations and risks.

The broader organisational value lies in speed and confidence. With reliable contract data, businesses can negotiate better deals, avoid missed renewals, ensure compliance with regulations, and make more informed strategic decisions.

How does Evisort use technology or innovation to deliver value?

Evisort is widely recognised as one of the first CLM vendors to adopt an AI-first approach. From its inception, the company built its platform around machine learning models trained to read and understand contracts. These models can identify more than 230 different clause types out of the box, including payment terms, indemnification clauses, confidentiality provisions, and renewal dates.

This means that organisations do not need to spend months training the system before it delivers value. From the moment contracts are uploaded, the AI begins extracting key data and organising it in a structured format.

Evisort has also invested in features that make the platform practical for business users:

• Custom clause recognition – customers can train the system to recognise unique language specific to their contracts.

• No-code workflows – business teams can configure approval processes and dashboards without technical expertise.

• Extensive integrations – APIs and pre-built connectors allow contract data to flow into ERP, CRM, and procurement platforms.

• Analytics and reporting – executives can track contract risk exposure, renewal pipelines, and compliance obligations.

The innovation lies in how these capabilities come together. By combining intelligence, usability, and integration, Evisort has created a platform that is not only legally sophisticated but also accessible to business leaders across functions.

Which industries and business functions use Evisort?

Evisort’s customer base spans multiple industries, reflecting the universal challenge of contract management.

In financial services, firms use Evisort to track complex lending agreements, supplier relationships, and regulatory compliance. The ability to quickly identify clauses relating to risk, liability, or renewal is particularly valuable in a heavily regulated industry.

In healthcare and life sciences, Evisort is used to manage supplier contracts, research agreements, and compliance with privacy and regulatory standards. Hospitals and pharmaceutical companies often deal with thousands of agreements across different jurisdictions, making automation critical.

In the technology sector, companies rely on Evisort to manage SaaS agreements, licensing deals, and partnerships. Fast-growing firms in particular value the ability to centralise and analyse their contracts without building large in-house legal teams.

In manufacturing and energy, Evisort supports procurement and supplier management, helping companies track obligations across global supply chains and avoid costly disruptions.

Within organisations, the platform is used by a wide range of business functions. Legal departments are typically the primary owners, but procurement, finance, IT, and compliance teams all benefit from having a single source of contract truth.

Who are Evisort’s customers?

Evisort’s customers range from fast-growing mid-sized companies to some of the world’s largest enterprises. Publicly referenced clients include Microsoft, Bayer, and Keller Williams. These companies use Evisort to manage global contract estates that would otherwise be unmanageable using manual processes or fragmented systems.

Customer examples illustrate the value:

• A global pharmaceutical company used Evisort to gain visibility into research and supplier agreements across multiple countries, reducing contract review time by more than half.

• A Fortune 500 technology firm adopted Evisort to centralise its SaaS and vendor contracts, enabling IT and procurement teams to monitor spend and compliance more effectively.

• A large real estate brokerage deployed Evisort to track thousands of agreements across agents and partners, improving operational efficiency and reducing risk.

These examples demonstrate the platform’s flexibility: it can support highly regulated industries with strict compliance needs as well as fast-moving companies that prioritise speed and scalability.

What makes Evisort different?

Many contract management systems focus on digitising workflows and providing a central repository. Evisort takes a different approach by positioning itself as a contract intelligence platform. Its AI-first design enables organisations not only to store contracts but also to understand and act on them.

This distinction matters for buyers. Traditional systems can often become little more than electronic filing cabinets, requiring significant manual input to deliver value. Evisort, by contrast, reduces manual work from the start and provides insights that directly inform business decisions.

Other differentiators include rapid time-to-value, no-code configuration, and scalability. Customers report being able to go live in weeks rather than months, with immediate access to searchable contract data. The platform is also built to scale from mid-sized companies to global enterprises, ensuring longevity as organisations grow.

What does the future look like for Evisort?

The market for contract lifecycle management and contract intelligence is expanding rapidly. Analysts estimate that the CLM market will grow significantly in the next five years, driven by digital transformation, compliance requirements, and the need for operational efficiency.

For Evisort, the acquisition by Workday provides both stability and growth potential. Workday’s reach in HR and finance systems creates opportunities for deeper integration, enabling organisations to connect contract intelligence directly into their core business processes.

Looking forward, the use of AI in CLM is expected to evolve from clause extraction to more advanced capabilities such as predictive risk analysis, negotiation recommendations, and integration with generative AI for drafting support. Evisort is well placed to benefit from these trends given its AI-first heritage and the resources of its new parent company.

How can businesses get started with Evisort?

Evisort offers a cloud-based deployment model, which allows businesses to get started quickly. Many organisations begin with a pilot project focused on centralising contracts in one function, such as procurement or legal. Once value is demonstrated, the platform can be expanded to other departments and geographies.

The implementation process is designed to minimise disruption. Contracts are uploaded into the repository, where the AI immediately begins extracting data. Workflows and dashboards can be configured by business users, reducing reliance on IT. Evisort also offers professional services and customer support to guide organisations through adoption.

For most enterprises, the journey begins with a need for greater contract visibility. From there, adoption expands to managing the full contract lifecycle and embedding contract intelligence into business decision-making.

Analyst view: Why should buyers care about Evisort?

Evisort represents the new generation of contract management platforms. Its focus on intelligence over storage, speed over complexity, and usability over custom coding makes it an attractive option for organisations that want tangible results quickly.

For buyers, the platform is particularly relevant if:

• Your organisation struggles with contract visibility across multiple systems.

• You want to reduce the manual workload on legal and procurement teams.

• You need faster, more accurate insights into obligations, risks, and renewals.

• You value an AI-driven approach that delivers immediate results.

Backed by Workday, Evisort has both the innovation and the stability to support enterprise customers for the long term. For organisations evaluating CLM solutions, Evisort should be considered a strong candidate and a benchmark for what an AI-first platform can deliver.

Finding new legal-tech

One new piece of technology can transform a business or a department - Legal Tech is no different. New and innovative technology is hitting the market on a regular basis - and this is only accelerating with the advent of AI.

If you are interested in Evisort, or would like to look at the options available in the marketplace, why not take a look at the Viewpoint Analysis Matchmaker Service? It sees us write up your challenge, issue it to the vendors that can help, and arrange a series of briefing sessions (or Matchmakers) where you and your team can simply sit back and listen to how the different vendors can help.