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Workday Contract Lifecycle Management, powered by Evisort AI

Score9 out of 10

2 Reviews and Ratings

What is Workday Contract Lifecycle Management, powered by Evisort AI?

Workday Contract Lifecycle Management, powered by Evisort AI, streamlines end-to-end contract workflows. Its intelligent, AI-native contract repository can be up and running in days. It combines pre- trained and customizable AI with integrations and enterprise-grade governance.

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Screenshot of the Ask AI feature
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Workday Contract Lifecycle Management, powered by Evisort AI

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Screenshot of the Ask AI feature

Top Performing Features

  • Contract database

    Contracts are stored and organized in a central repository.

    Category average: 8.4

  • Contract search

    Users can easily look up contracts within the database.

    Category average: 8.2

  • Clause library/saved fields

    Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

    Category average: 8.5

Areas for Improvement

  • Interdepartmental workflows

    Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

    Category average: 8

  • Custom contract reports

    Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

    Category average: 8

  • Contract editing

    Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

    Category average: 8.3

Evisort Review

Use Cases and Deployment Scope

I use it as a contract management and repository. Some of the problems this helps with is contract exposure, requirements and T&Cs tracking. I manage the Procurement side of the platform. Essentially, in the absence of a full vendor management platform, we use Evisort to help manage those relationships and responsibilities.

Pros

  • Houses Contracts centrally
  • Info display is pretty straight forward
  • Terms Search function is solid

Cons

  • Platform Implementation
  • AI intake of documents
  • How contracts are linked

Return on Investment

  • better Contract visibility
  • centralized ownership
  • contract alerts

Usability

Alternatives Considered

Adobe Acrobat Sign, DocuSign CLM and Coupa

Other Software Used

Smartsheet, Concur Invoice, Avalara