Latest from Evisort

In today’s world of digital transformation, companies are looking for different ways to approach leveraging their cloud investments. That is why Evisort is proud to announce that customers can now search for and purchase Evisort’s Intelligent Contract Management software through the Microsoft AppSource & Azure Marketplace. This milestone just goes to show how Evisort is working to deepen its relationship with Microsoft after they participated in their Series B round in February of 2021…
We recently explored how contract management platforms can streamline mergers and acquisitions (M&A), from confirming a target company’s revenue to mitigating the efficiency and security concerns associated with conducting due diligence in a deal room stacked with piles of paper. As we noted in that post, however, the benefits of a contract intelligence platform extend far beyond the day the deal closes. The point of M&A deals is to create efficiencies and synergies by…
The sudden increase in remote working arrangements during the pandemic has spurred rapid adoption of cloud-based tools for collaboration across a range of legal functions, from document storage to contract management. While many workers love the flexibility that these tools enable, it’s important to ensure that the applications your business uses offer just as much security as they do convenience. More and more of the contract data that businesses store in the cloud today is…
2020 was a rough year for business, and mergers and acquisitions (M&A) took a hit in the spring as the pandemic brought commerce to an abrupt halt. However, M&A activity came back with a roar in the second half of the year, and is poised to continue its acceleration in 2021. Accordingly, this is an opportune time for business leaders to assess how their teams handle M&A due diligence and post-merger integration between businesses.…
More and more, insight-driven CFOs are realizing that the secret to better forecasting lies in their relationships with procurement. Capturing the big-ticket items from vendor contracts can be an extremely useful forecasting tool, giving CFOs a realistic picture of the company bank accounts. The supply chain can give CFOs a rich source of direct cash flow insight — if only they could access it. Building accurate direct cash flow models requires CFOs to…
The California Consumer Privacy Act (CCPA) ushered in a new era for contract compliance management when it became effective on January 1, 2020. The CCPA lays out comprehensive rules for businesses that sell to Californians and handle consumer data. If a business has at least $25 million in annual revenue, or it collects and/or sells sensitive personal information from California consumers above certain thresholds, then it must adhere to strict requirements including how it handles…
There has been a rise in the number and impact of data breaches in recent years as more commerce moves online and a higher number of businesses collect and store customer data to provide increasingly individualized advertisements and shopping experiences. In response, we’ve seen a resulting propagation of divergent data privacy regulations for the benefit of consumers throughout a range of jurisdictions. There are currently 142 countries with data privacy laws, 62 of which…
When Travis Somerville joined Keller Williams to lead the new procurement team, he faced a problem that digital contracting change makers know all too well. To transform Keller Williams’ contract management function into a well-oiled, business-driving force, he’d need to motivate legal, finance, and procurement teams to truly start working together. Travis had his work cut out for him. Ten years of vendor agreements were scattered across departments. There was no shared calendar for…
In previous posts, we’ve explained what contract lifecycle management is and why it matters for business. Legacy systems provide contract management software that automates some or all of the process of contract creation and management, from the generation of templates, through the negotiation and drafting of new or revised clauses, to the execution and ongoing management of a portfolio of agreements. But what’s next? At Evisort, we’re focused on the advent of artificial intelligence in…
Pre-trained AI platform uncovers millions in potential savings, unlocks missed revenue, and exposes risks hidden in contracts within days of implementation SAN MATEO, Calif. — Feb 23, 2021 — Evisort, the intelligent contract management platform, today announced $35M in Series B funding following a year of 4x revenue growth, bringing its total funding to $55.5M. Global growth equity investor General Atlantic led the round, with participation from existing investors Amity Ventures, Microsoft’s venture fund…