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Last Updated on December 18, 2019 by Editor Futurescope
Evisort is relatively new to the scene of contract management software, but the company has made quite the splash with the introduction of artificial intelligence into the mix. Let’s see how Evisort’s AI-based software stacks up against its more traditional competition.
Evisort was born from the concept of watching the dollies filled with boxes of papers going in and out of courtrooms. Jerry Ting, one of the company’s founders, observed this process and realized there had to be a better way. There was no way legal teams had time to sort through that amount of data manually. Thus, the concept of Evisort was born.
Initially marketed in the legal field, the software has spread to other businesses. From banks to small civil engineering firms, use of Evisort is growing exponentially. Any companies that use many contracts can significantly benefit from and all-in-one contract management solution.
Evisort is not the first AI-driven contract software, but the quality of its machine learning has propelled the company into becoming a significant player. The machine learning allows customization of reporting and improvement in the process of making contracts. Contracts can be analyzed throughout their life cycle as the AI recognizes strengths and weaknesses in the contracts used.
Evisort truly lets the artificial intelligence do the work for you. It drastically cuts down time spent on data entry across multiple platforms such as billing, file management, and projects. This reliance on AI also reduces the odds of human error, which can make essential information from a contract impossible to find.
Evisort sets itself apart from the competition by working out of the box. There is no complicated system set-up, and it has numerous customizable features available immediately. Designed to work with most established IT systems, Evisort requires little training or set-up time. The lack of a significant learning curve saves customers both time and money when starting to use the software since it does not require upgrading the entire IT system.
AI-based Systems:
- Search for and extract data and metadata
- Sort and understand the content of a contract and to clarify language
- Offer cloud-based storage accessible from almost any device
- Mitigate the risk of missed contractual obligations and set alarms to warn of upcoming dates
- Help keep language standard across various contracts
- Upload hundreds of contracts at one time
- Keep track of third party contracts
- Create new contracts in a much less labor-intensive manner
Evisort comes equipped with the following features:
- Compliance tracking
- Pre-built templates
- Comprehensive search capabilities
- Tracking the entire life cycle of a contract
- Workflow management
Evisort stands out in its out of the box functionality. Essentially, the software comes to you, “pre-trained.”Evisort provides fifty different searches and retrieves functions upon set-up, priding itself on ease of use. Thankfully, the dashboard has basic features that are intuitive and easy to use. However, machine learning does take some time to establish what works best for your specific use case.
If straight out of the box functionality is essential, Evisort is probably your best choice for your contracts. Other software may have been around longer, but longevity is not necessarily a predictor for quality. In terms of their customer service, Evisort ranks relatively well. However, because this is enterprise software, other reviews are not extremely easy to come by.
Evisort is the new kid on the block, but their proprietary machine learning is pushing then to the front of the game. Evisort also can handle the vast demands of CMS for large law firms and Fortune 500 companies. It is also flexible enough to work in small firms and companies. Whatever the size of your business, you want a CMS that can grow with you. Evisort has flexibility built into the machine learning algorithm to allow for customization to best meet the needs of your company.
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