Enterprise finance and HR platform Workday, Inc. announced today (17 September) that it has signed a definitive agreement to acquire AI contract management vendor Evisort for an undisclosed sum.
More than 80% of business data is unstructured and organized in a way that’s not easy to search, analyze, or act upon. This includes data in contracts, invoices, and policy documents. Workday said today that Evisort’s AI capabilities will enable its customers to surface critical insights within this untapped data to make key business decisions and take action faster than ever before.
“Organizations are sitting on a gold mine of data, but never harness its full potential because searching and analyzing it can be so complex and time-consuming,” said Terrance Wampler, group general manager, office of the CFO, Workday.
“Evisort will help us deliver on our vision to help customers unlock the value of their most critical data. With AI-powered document intelligence, they’ll be able to surface and act on insights more quickly and efficiently, keeping them ahead of today’s rapidly changing business landscape.”
