In today’s Cloud Wars Minute, I explore how Workday is deepening its AI capabilities through the integration of Evisort’s contract intelligence and lifecycle management tools.
Highlights
00:04 — Workday has announced that Evisort’s AI-powered contract intelligence and lifecycle management tools are now available through the Workday platform. The two new services — Workday Contract Intelligence and Workday Contract Lifecycle Management (CLM) — use these new tools to help Workday customers leverage insights from complex contractual agreements.
00:35 — Andrew Kershaw, group general manager at the office of the CFO, Workday, said: “Contracts are the lifeblood of organizations, dictating revenue opportunities and obligations . . . . However, these terms are often buried . . . and overlooked. With Workday Contract Intelligence and Workday CLM… we’re helping customers finally unlock that value at scale . . . ”
01:09 — The acquisition of Evisort was a well-calculated and targeted move that aligns perfectly with Workday’s promised customer outcomes in the AI space. It’s a standout example of Workday’s AI use cases but also a clear offering to customers that addresses two of the most common pain points in contract management.
