Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Key Benefits:
- Quicker Revenue:
40% reduction in contract authoring time.
Quicker revenue realization (18% of sales cycle spent on contracting).
- Reduced Costs:
Reduction in revenue leakage – 9% of the bottom line.
Optimized spend & 10-12% reduction in expenses.
- Improved Compliance:
Reduced risk – 2% of annual costs.
Real-time contractual insights for improved compliance.
- End-to-end CLM platform:
One platform for legal, sales & procurement teams.
- Quick deployment:
Simplify contracts across the enterprise in just 3 months.
Features:
• Distinct functionalities for both buying and selling sides of contracts, providing a unique and tailored approach.
• Advanced Reporting
• Contract authoring and template & clause library management.
• AI-powered (NLP) contract analysis, metadata extraction, and search.
• Contract repository and document management.
• Contract collaboration and approval workflows.
• Contract milestone and obligation tracking.
• Contract renewal and expiration management.
• Centralized Desk and Controlled Access to data.
• Integration with other enterprise systems.
Description
Workday Contract Lifecycle Management (CLM), powered by Evisort AI, is a comprehensive platform that modernizes and accelerates the contracting process. It automates end-to-end workflows, enabling organizations to draft, negotiate, approve, and store contracts more efficiently. Built-in AI tools support automated redlining, clause management, and customizable contract templates to reduce review time. The “Ask AI” functionality allows users to instantly query contract data and surface risks, obligations, and opportunities. Advanced search capabilities and interactive dashboards provide deep visibility into contract performance and compliance. Seamless integrations with platforms such as Box, SharePoint, and Salesforce ensure data consistency across repositories. Teams can collaborate in real time, track version changes, and manage approvals from a single interface. Custom AI models adapt to specific business needs, enhancing flexibility and precision. By eliminating manual bottlenecks, the platform shortens contract cycles and improves operational reliability. Workday CLM empowers legal, procurement, and finance teams to contract faster while maintaining control and compliance.
API Access
Has API
No
API Access
Has API
No
Integrations
Adobe Acrobat Sign
Yes
Docusign
Yes
Salesforce
Yes
Bchex
No
Box
No
Dropbox
No
Gmail
No
Google Cloud Operations Suite
Yes
Google Drive
No
Google Workspace
Yes
Integrations
Adobe Acrobat Sign
Yes
Docusign
Yes
Salesforce
Yes
Bchex
Yes
Box
Yes
Dropbox
Yes
Gmail
Yes
Google Cloud Operations Suite
No
Google Drive
Yes
Google Workspace
No
Pricing Details
SaaS model
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
SimpliContract
Founded
2020
Country
United States
Website
simplicontract.com
Vendor Details
Company Name
Workday
Founded
2005
Country
United States
Website
www.workday.com/en-us/products/contract-management/contract-lifecycle-management.html
Product Features
Contract Management
Buy Side (Suppliers)
Yes
Completion Tracking
Yes
Compliance Tracking
Yes
Contract Lifecycle Management
Yes
Electronic Signature
Yes
Full Text Search
Yes
Government Contracts
No
Pre-built Templates
Yes
Sell Side (Customers)
Yes
Specialty Contracts
Yes
Version Control
Yes
Workflow Management
Yes
Product Features
Contract Management
Buy Side (Suppliers)
No
Completion Tracking
No
Compliance Tracking
No
Contract Lifecycle Management
No
Electronic Signature
No
Full Text Search
No
Government Contracts
No
Pre-built Templates
No
Sell Side (Customers)
No
Specialty Contracts
No
Version Control
No
Workflow Management
No