Contract Lifecycle Management by Workday, powered by Evisort AI, is an end-to-end contract management solution that supports the full contracting process from intake and drafting through negotiation, approval, execution, and ongoing obligation management, designed for corporate legal and business teams.

Key Features & Functions:

End-to-End, AI-Powered Workflows
Configurable, no-code workflows automate the contracting process across intake, routing, approval, and storage. AI assists with drafting and negotiation, tracks changes, and supports version comparison throughout the contract lifecycle.

Automated Redlining
AI-suggested edits align clause language with organizational playbooks during negotiation, supporting faster review and reducing manual markup.

Clause Library and Contract Templates
A library of preferred and fallback clause language supports standardized drafting. Legal-approved templates can be configured for multiple contract types, with self-service contract requests available to business teams.

Natural Language Querying
Users can query contracts in natural language across the full repository and receive answers with links to source provisions, including risks, obligations, and key terms.

Custom AI Models
Users can build and deploy custom AI models to track specific contract terms or clause types without requiring coding or prompt engineering. Pre-built models are available for common contract types and terms.

Advanced Search and Customizable Dashboards
Boolean and semantic search with advanced filtering supports retrieval across contracts and associated documents. Interactive, configurable dashboards provide visibility into key terms, obligations, and contract data across the portfolio.

Integrations and Data Sync
Contracts and data points can be synced from connected repositories including Box, SharePoint, and Salesforce. Structured contract data is available for delivery to other enterprise systems.

Funding Information:

Workday has raised a total of $230.6M in funding over 6 rounds. The latest was a Series F round raised on October 24, 2011.