Workday has added new AI-powered contract management tools to its platform through a partnership with Evisort, aiming to help organizations surface critical insights and reduce legal and operational risk buried in unstructured contract data.
The new offerings—Workday Contract Intelligence and Workday Contract Lifecycle Management (CLM)—are now available to Workday Human Capital Management and Financial Management customers. The integration is designed to streamline the contract process from intake to storage while enabling better decision-making through data-driven insights.
“Contracts are the lifeblood of organizations, dictating revenue opportunities and obligations between parties; however, these terms are often buried in unstructured language,” said Andrew Kershaw, group general manager for the office of the CFO at Workday. “With Workday Contract Intelligence and Workday CLM powered by AI, we’re helping customers finally unlock that value at scale.”
Improved visibility across business functions
Workday Contract Intelligence enables users to scan large volumes of contracts, statements of work, invoices, and related documents using AI. This helps surface key terms, identify non-standard language, and flag risks that could affect HR, legal, procurement, and finance teams.
Users can also access information through a conversational AI interface, asking questions in natural language and receiving answers linked to the original documents.
According to the company, the system can uncover missed revenue opportunities, such as rebates and volume discounts, and help organizations avoid costly oversights like expired renewals or compliance gaps.
Contract workflows move faster with AI-powered CLM
The Workday CLM tool aims to accelerate contract drafting, redlining, and approvals, cutting turnaround time from months to hours. The system uses AI to manage clause generation, risk scoring, and compliance tasks, enabling teams to respond quickly to business needs.
For enterprise users, the end-to-end solution provides a centralized process to improve collaboration, reduce manual input, and enhance visibility into contractual obligations and financial impacts.
“NetApp leveraged Workday’s contract extraction AI and automated workflow technology to save thousands of hours and millions of dollars across multiple critical corporate initiatives,” said Shelle Elzer, legal operations manager at NetApp.
Available now for Workday customers
Workday Contract Intelligence and CLM are available to existing and prospective customers using Workday’s Human Capital Management and Financial Management systems.
Workday, headquartered in Pleasanton, California, serves more than 11,000 organizations worldwide and reports that over 60% of Fortune 500 companies use its software to manage finance and HR operations.
