Evisor named “Hot Vendor” in Workflow and Content Automation by Leading Analyst Firm Aragon Research

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SAN MATEO, Calif .– (COMMERCIAL THREAD) –Advisor, the leading provider of contract management and AI solutions, today announced its inclusion in the Hot Vendor List in the Workflow and Content Automation report by Aragon Research, Inc.

Evvisor’s intelligent contract management software uses AI to automatically extract the most important information from contracts, such as expiration dates, automatic renewals, and key legal clauses. Evisort enables legal, procurement, sales, and teams across the enterprise to centrally manage contracts through a single pane of glass to create, negotiate, sign and analyze agreements. Unlike other contract management solutions, Evisor offers a new way to manage and analyze contracts using AI and codeless workflows, allowing any user to automate manual procurement processes without the need for IT.

Using AI, Evisort is able to help both small businesses and global companies like Microsoft, BNY Mellon, McKesson and Keller Williams to make their businesses sustainable by first creating contract standards and playbooks based. on past contract data, then protecting profitability by eliminating manual data. entry and minimize risk.

“We created Evisort because I used my law degree to manually review and extract the terms of thousands of contracts. It wasn’t what I imagined doing by enrolling in law school. I thought there had to be a better way, so we decided to eliminate the tedious and manual contract processes that increase risk, add cost, and slow down transactions for businesses. We believe that our inclusion in the Hot Vendor report is further validation that the market needs the new approach to contract management offered by Evisor. said Jerry ting, CEO and co-founder of Evisort.

“Our research shows that the contract management market is growing by more than 30% per year. It’s on fire because the majority of companies do not have a solution in place, and those who have terrible experiences with legacy vendors or point solutions, which take months or even years to implement, don’t work with third-party paper and rely on outsourced human review to analyze contracts instead of the proprietary AI. Evisort changes all that with a cloud-based platform, an easy-to-use interface, and tools that make the contract cycle transparent and automate the approval process.

Evisort can be implemented in under 30 days and the out-of-the-box algorithms work with internal and third-party paper, scanned, blurry, digital, and documents with tables – even if it has never encountered such documents. previously. Evisor supports a wide range of contract types, including sales, supplier, employment, and real estate contracts. Evisort is pushing back expectations of what contract management solutions can do by allowing users to track new and non-standard contract information on the fly and train custom algorithms to identify unique provisions.

Jerry recommends live testing all contract management systems to prove that their technology works. “We believe that the teams that deal with contracts have long been overlooked from a technological point of view. So it’s understandable that many are skeptical about AI and what’s possible. That’s why we encourage anyone evaluating a new contract management process to do a demo with each vendor and ensure that you are actually seeing your downloaded contracts for the first time live. This is the only way to see if the AI ​​is working.

To learn more about Evisort, join Paul Branch, CTO of WorldCC (formerly IACCM), a leading nonprofit that strives to equip its members with the knowledge to create contracting standards and ideas. , on August 24 at 11 a.m. ET | 8 a.m. PT, as he meets Patrick Won, Director of Client Solutions at Evisor to discuss best practices on how to assess, purchase and deploy AI-powered CLM solutions. Can’t join the webinar? To verify the official website to find out more and request a demo to do a live test with your contracts.

About Evisor

Evisort is an Artificial Intelligence (AI) company specializing in contracts. Founded in 2016 by Harvard Law alumni and MIT researchers, Evvisor’s contract lifecycle analysis and management solutions are powered by proprietary out-of-the-box AI that delivers real-time insight on every contract, reduces risks and costs and increases business agility and transaction speed. Evisort is headquartered in Silicon Valley and is backed by leading strategic and institutional investors including General Atlantic, Vertex Ventures, M12 (Microsoft’s venture capital fund), Amity Ventures, Village Global and Serra Ventures. Learn more by visiting the website and follow @Evisort on LinkedIn, Twitter, Facebook, and Average.

About Aragon Research

Aragon Research is an independent research and consulting firm that provides business and IT leaders with the actionable information they need to navigate the ever-changing impact of technology on businesses. Founded in 2011 by former Gartner Senior Analyst Jim Lundy and based in Morgan Hill, Calif., Aragon Research works with leaders at all levels of the company and across industries to give them the tools they need. to make more informed technological and strategic decisions. Aragon provides high impact consulting, research and advisory services and has a proven team of seasoned analysts. For more information visit www.aragonresearch.com.

Mandatory disclaimer:

Aragon Research does not endorse any vendors, or their products or services that are referenced in its research publications, and does not advise users to select the highest rated vendors. Aragon Research publications consist of the opinions of the Aragon Research and Advisory Services organization and should not be construed as statements of fact. Aragon Research provides its research publications and the information they contain “AS IS” without any warranty.



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