Welcome to Knowledge Base!

KB at your finger tips

This is one stop global knowledge base where you can learn about all the products, solutions and support features.

Categories
All

Products-Evisort

Evisort: Enhancing Collaboration and Efficiency in Contract Management

Streamlined Collaboration Across the Contract Lifecycle

Evisort offers a comprehensive solution for fostering accountability and collaboration throughout the contract lifecycle. By integrating with enterprise systems, workflows, contracts, and teams, Evisort ensures transparency and traceability at every step. This seamless collaboration not only enhances communication within organizations but also facilitates efficient contract management processes.

Harnessing Historical Data Insights for Informed Decision-Making

Centralizing contract data through Evisort enables organizations to leverage historical insights and institutional knowledge. By storing all contract data in one centralized location, Evisort empowers users to make informed decisions, identify trends, and implement best practices. This feature not only enhances efficiency but also contributes to better strategic planning and risk mitigation.

Efficient Centralized Intake Request Management

With Evisort, managing contract requests and status updates becomes streamlined and collaborative. Users can track and manage all incoming requests from a single, centralized location, ensuring that all stakeholders are on the same page. This centralized intake process simplifies request management, speeds up approvals, and improves overall communication within the organization.

Ensuring Contract Compliance with Built-In Templates and Review Processes

Evisort's built-in contract compliance features provide users with standard templates and review processes to ensure that all contract requests comply with company policies and regulations. By incorporating these compliance checks into the contract management workflow, organizations can minimize risks, streamline approval processes, and maintain legal and regulatory compliance without manual oversight.

Streamlined Contract Creation with Self-Serve Contracts

Evisort simplifies the contract creation process by offering self-serve contract functionalities. Users can select contract types, enter relevant data online, and generate agreements instantly. This self-serve feature not only accelerates the contract creation process but also reduces the dependency on legal departments, empowering teams to initiate reviews and approvals independently.

Enhanced Transparency Through Connected Contract Data

Evisort eliminates system silos by connecting business platforms with contract data, enabling seamless data exchange and integration. By establishing connections between different systems and platforms, organizations can ensure that contract data is consistent, up-to-date, and easily accessible across the organization. This integration enhances transparency, collaboration, and decision-making efficiency.

Proactive Process Improvement with Process and KPI Reporting

Evisort offers robust reporting capabilities that enable organizations to monitor contract workloads, identify process bottlenecks, and track key performance indicators (KPIs). By leveraging process and KPI reporting, users can proactively identify areas for improvement, optimize contract workflows, and drive operational efficiency. This data-driven approach enhances decision-making and streamlines contract management processes.

Facilitating Efficient Contract Review and Collaboration

Evisort enables transparent collaboration by allowing users to track progress, tag teammates to address redlines, and identify individuals actively reviewing contracts. This real-time collaboration streamlines the contract review process, facilitates communication among team members, and ensures that all stakeholders are aligned throughout the contract lifecycle. Additionally, users can edit contracts directly within the platform or in Microsoft Word, providing flexibility and convenience in the review and editing process.

Enabling Faster Contract Execution and Retrieval

By establishing a centralized repository for drafts and contracts, Evisort accelerates contract execution and retrieval processes. Users can quickly access and search for contracts across various systems, eliminating the need for manual searches or scattered document storage. This centralized approach not only saves time but also enhances contract visibility and accessibility, ensuring that users can locate and retrieve contracts efficiently.

Enhanced Audit Preparedness with Analytics for Audits

Evisort's analytics capabilities enable organizations to build custom searches, identify relevant contracts, and extract specific documents quickly. This feature streamlines audit preparation, enhances compliance monitoring, and facilitates regulatory reporting. By leveraging analytics for audits, organizations can ensure audit readiness, demonstrate compliance, and streamline audit processes, ultimately reducing the burden of audit preparation and enhancing overall audit outcomes.

Promoting Document Clarity and Consistency with Document Comments

Evisort allows users to provide context, reasoning, and guidance through document comments, enhancing document clarity and consistency. By leaving comments within documents, users can communicate important information, provide feedback, and streamline the review process for future reviewers. This feature promotes collaboration, reduces misunderstandings, and ensures that all stakeholders have access to relevant information, promoting document clarity and consistency throughout the organization.

Driving Efficiency and Productivity with a Single Source of Truth

Establishing Evisort as a single source of truth for drafts and contracts ensures consistency, accuracy, and accessibility across all systems. By consolidating all contract data in one centralized platform, organizations can reduce redundancies, eliminate data silos, and improve data integrity. This single source of truth not only enhances collaboration and productivity but also ensures that all stakeholders have access to the most up-to-date and accurate contract information, facilitating efficient decision-making and contract management processes.

Testimonials and Proof of Success

Evisort's impact on organizations is evident through testimonials like 'We've been able to reduce the number of contracts that our legal team needs to do an in-depth review of by 1/3 in any given year.' - Manager of Legal Operations, Care Initiatives. These success stories highlight the tangible benefits that Evisort brings to organizations, including time savings, reduced risk, and accelerated business processes. By leveraging Evisort's innovative features and capabilities, organizations can drive efficiency, enhance collaboration, and achieve significant business outcomes.

Revolutionize Contract Analysis with Evisort's Document X-Ray™ AI

Unleashing the Power of Customizable AI Models

Evisort's Document X-Ray™ solution is a game-changer in the realm of contract analysis. By enabling users to create custom AI models in minutes, organizations can track any term of interest with unparalleled efficiency. This customization capability empowers users to extract and generate data points, including summaries, rankings, and calculations, all tailored to their specific needs. This level of flexibility allows businesses to optimize their contract analysis for any industry, team, or use case, providing a cutting-edge approach to contract management.

Read article

Transforming Contract Management with Evisort: A Success Story with Jelly Belly

Optimizing Contract Management with AI

Jelly Belly, a renowned candy manufacturer, faced challenges in their contract management processes due to slow, manual reviews and lack of efficiency in tracking key data points. With Evisort's AI-powered contract management software, Jelly Belly was able to consolidate and streamline their contract review processes effectively. By leveraging Evisort's technology, the company transformed their operations, saving time and reducing risks associated with manual contract handling.

Read article

Revolutionizing the Banking Industry with Artificial Intelligence: A Focus on BNY Mellon's Success Story

The Challenge

BNY Mellon faced a cumbersome process of manually creating custodial agreements, involving multiple lawyers, internal approvals, and escalations. The legacy system caused accountability gaps, version control issues, and delays. After finalizing agreements, additional forms had to be compiled, prolonging client onboarding and increasing costs.

Read article

Evisort: Enhancing Procurement Efficiency with Contract Intelligence

Enrich Visibility and Compliance

Evisort offers a comprehensive solution to enrich visibility into supplier obligations and compliance for procurement teams. By using AI-native contract intelligence, Evisort enables organizations to increase control over expenditures, streamline compliance audits, and mitigate supplier risks efficiently. This heightened visibility allows procurement managers to proactively address potential issues and ensure compliance with contractual agreements.

Read article

Empowering Businesses with Connected Contract Data Solutions

Enhancing CLM and Enterprise Systems with AI-Powered Data

Evisort offers a revolutionary solution that enables businesses to connect contract data across various systems. By leveraging AI-powered technology, Evisort enriches existing Contract Lifecycle Management (CLM) and enterprise systems with accurate and insightful data. This integration not only streamlines operations but also enhances the overall efficiency and effectiveness of these systems.

Read article