# Workday Contract Management

> Workday Contract Management is the former Evisort contract-intelligence business, now sold inside Workday as Contract Intelligence and Contract Lifecycle Management. Its software turns scattered agreements into searchable data, automates requests and approvals, flags risky language, tracks obligations, and helps legal, procurement, finance, sales, and HR teams work from the same record.

- **Founded:** 2016
- **Headquarters:** San Francisco, United States
- **Founders:** Jerry Ting (Co-founder and former CEO of Evisort; VP, Head of Agentic AI and Evisort at Workday), Jake Sussman (Co-founder and former COO of Evisort), Amine Anoun (Co-founder and former CTO of Evisort)
- **Products:** Workday Contract Intelligence, Workday Contract Lifecycle Management, Contract Negotiation Agent, Custom AI Model Library
- **Notable:** Evisort raised approximately $154.5 million before Workday announced its acquisition in September 2024; the purchase price was not disclosed., Evisort earned accredited ISO/IEC 42001 certification for its AI management system in 2024, alongside ISO 27001 and ISO 27701 credentials cited by Workday., Evisort was named a Visionary in Gartner's Contract Life Cycle Management Magic Quadrant for three consecutive years through 2024; Workday received the designation in 2025.

## Products & services

- **Workday Contract Intelligence** — An AI-powered repository and analysis layer that extracts terms, supports natural-language questions, builds custom models, searches across agreements, and presents contract data in dashboards.
- **Workday Contract Lifecycle Management** — The full contract workflow product, adding intake, templates, drafting, negotiation, automated redlining, approvals, e-signatures, obligations, renewals, reporting, and integrations to Contract Intelligence.
- **Contract Negotiation Agent** — An agentic review and redlining capability that checks whole agreements against approved playbooks, flags noncompliant language, and proposes edits for human review.
- **Custom AI Model Library** — A library for applying reusable AI models to terms such as privacy obligations, security clauses, payment schedules, renewals, and employment provisions.

## Achievements

- Evisort raised approximately $154.5 million before Workday announced its acquisition in September 2024; the purchase price was not disclosed.
- Evisort earned accredited ISO/IEC 42001 certification for its AI management system in 2024, alongside ISO 27001 and ISO 27701 credentials cited by Workday.
- Evisort was named a Visionary in Gartner's Contract Life Cycle Management Magic Quadrant for three consecutive years through 2024; Workday received the designation in 2025.
- Workday says Contract Intelligence deployments average 21 days and the system can analyze 450,000 documents in 24 hours.
- Workday's own procurement team reports 75% less contract search time, $21 million in cost avoidance and value creation, 77x ROI, and a 50% increase in contracts under management after adopting the technology.
- A Western Union legal transformation using Evisort cut average contract cycle time from 40 days to 14 and reduced associated outside legal spend by about 70% from 2021 to 2022.

## Latest updates

- **2024-09** — Workday signed a definitive agreement to acquire Evisort; financial terms were not disclosed.
- **2025-03** — Workday made Evisort-powered Contract Intelligence and Contract Lifecycle Management available through Workday.
- **2025-10** — Workday introduced a Custom AI Model Library for the Contract Intelligence Agent to analyze a wider range of business terms.
- **2026-08** — Workday previewed 2026R2 capabilities including full-document review and redlining, AI playbooks, AI-powered intake, amendments and renewals, bundled e-signing, and multi-document workflows.

## Links

- Website: https://www.workday.com/en-us/products/contract-management/overview.html
- LinkedIn: https://www.linkedin.com/company/workday-contract-management
- Twitter/X: https://x.com/Workday
- GitHub: https://github.com/Workday
- YouTube: https://www.youtube.com/@workday
- Instagram: https://www.instagram.com/workday/
- Facebook: https://www.facebook.com/workday

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Profile page: https://yespress.io/workday-contract-management
Published by YesPress — https://yespress.io
Last updated: 2026-09-24