• Latest
  • All
  • How To
artficial intelligence

How Evisort has Improved Contract Management with AI

November 17, 2021
Microsoft AI for Good Lab tool GIRAFFE

How Microsoft’s AI for Good Lab Is Helping Save Giraffes from Extinction

June 20, 2025
itel City 100

Gen Z Get a New Budget AI Smartphone With the itel City 100

June 20, 2025
digital-tv-standards-kenya

Kenya Sets New Rules for Digital TVs Starting Next Month

June 19, 2025
Kenya's Government Censors X for Global Image

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

June 19, 2025
DHgate Tablet Cases deals
drones-healthcare-delivery

Rural Kenya Is Turning to Drones to Speed Up Healthcare Delivery

June 18, 2025
TikTok

TikTok Could Go Dark (Again) in the U.S. This Week

June 17, 2025
whatsapp meta ads

Meta Officially Brings Ads to WhatsApp

June 17, 2025
Infinix Smart 10 HD

Infinix Launches the Smart 10 Series Lineup

June 16, 2025
Infinix Hot 60 Pro+

Infinix Wants to Fit a 5,160 mAh Battery in the Slim Hot 60 Pro+ Frame

June 16, 2025
Aigov

U.S. Plans to Launch AI Hub for Government Agencies

June 16, 2025
multichoice-dstv-showmax

Multichoice Subscriber Numbers Drop by 15% As Kenyans Cut Back on Spending

June 16, 2025
Huawei-Watch

Huawei Surpasses Apple to Lead Global Wearables Market

June 12, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

How Evisort has Improved Contract Management with AI

Aron Kamakil by Aron Kamakil
November 17, 2021
in How To
Reading Time: 3 mins read
264
0
artficial intelligence

Artificial intelligence has changed the face of contract management, and software can now manage vast quantities of information. In the recent past, that management would take significant time and resources, costing companies millions of dollars. In addition, today’s contacts have grown more complicated, increasing in volume and scope. They have outgrown traditional contract management software.

Standard contract management software, without the benefit of AI technology, only stores and organizes data. It is wholly reliant on human input. This reliance on humans to input and tag the contracts correctly means that mistakes can be costly and difficult to correct. AI-based contract management software virtually eliminates the risk of human error.

Evisort, a newer player in the field, makes contract management software that comes “pre-trained.” The out of the box functionality decreases training time and allows instant usability. The pre-training, along with advanced machine learning capabilities, sets Evisort apart from competitors.

Evisort’s proprietary machine learning algorithms enable the software to read and learn from contracts. Evisort can understand meaning and context in contractual language, eliminating the need for any data entry when entering contracts.

AI-powered contract management software capabilities:

  • Easily search and extract both data and metadata
  • Cloud-based storage allowing access from any device
  • Hundreds of contracts uploaded at one time, making starting with AI-driven contract management software quick easy
  • Keeping language consistent across all contracts
  • Risk mitigation by alerting to approaching dates and identifying non-standard clauses and language
  • Sort contacts by a variety of parameters
  • Contract creation becomes less labor-intensive when you can access templates, as well as easy access to hundreds of similar contracts

In addition to the above capabilities, Evisort offers specific functions, such as:

  • Compliance tracking
  • Lifecycle tracking
  • Specialty contracts
  • Various tools for workflow management
  • Extensive reporting options

Since it’s inception, Evisort has continued to grow and expand its capabilities. A partnership with Linguistic Systems allows Evisort to now offer AI-based contract translation and analysis in 120 languages. Machine learning commonly takes place in standard English. Evisort’s sophisticated algorithms allow machine learning to take place in any of the 120 languages.

Evisort does not just translate the document into English. It is also capable of reading and learning from the text in its native language. For companies and enterprises that operate in the global marketplace, this has grown their capabilities for data analysis and extraction.

Other AI-based contract management software is bests suited for small to mid-sized companies or individual departments within a company. Evisort is capable of handling the contract management needs of small firms to Fortune 500 companies. The capability of having one system for contract management across an entire enterprise improves workflow efficiency. Evisort provides the ability to see all aspects of a contract’s life-cycle, including third party related contracts, within seconds.

Evisort also changes the way companies can access and use the data contained within a contract. Contracts are an integral part of virtually every business. From employment agreements to supply vendors, each contract contains a wealth of information. The applications for the information contained within contracts seem almost infinite.

Data mining can uncover patterns in large volumes of information, helping companies learn how to repeat successful endeavors. These patterns can also reveal unrecognized risks and provide information about avoiding uncertainties in future contracts.

Forecasting and predicting likely outcomes have applications in every field and industry. An example would be legal firms being able to give educated predictions of the likelihood of winning a jury trial based on the pattern of previous cases.

Mining contracts for data can also provide a very targeted audience for marketing. This targeting reduces the costs of advertising while improving results. The same information can help a company tailor a pitch to a potential client based on information found in their contracts. Data is a valuable currency in the business world, and Evisort allows companies to extract the data efficiently.

SendShare147Tweet92
Aron Kamakil

Aron Kamakil

Banking technology, social media and gadget reviews make Kamakil tick

Related Posts

Microsoft AI for Good Lab tool GIRAFFE

How Microsoft’s AI for Good Lab Is Helping Save Giraffes from Extinction

June 20, 2025
itel City 100

Gen Z Get a New Budget AI Smartphone With the itel City 100

June 20, 2025
digital-tv-standards-kenya

Kenya Sets New Rules for Digital TVs Starting Next Month

June 19, 2025
Kenya's Government Censors X for Global Image

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

June 19, 2025
drones-healthcare-delivery

Rural Kenya Is Turning to Drones to Speed Up Healthcare Delivery

June 18, 2025
TikTok

TikTok Could Go Dark (Again) in the U.S. This Week

June 17, 2025

Latest

Microsoft AI for Good Lab tool GIRAFFE

How Microsoft’s AI for Good Lab Is Helping Save Giraffes from Extinction

June 20, 2025
itel City 100

Gen Z Get a New Budget AI Smartphone With the itel City 100

June 20, 2025
digital-tv-standards-kenya

Kenya Sets New Rules for Digital TVs Starting Next Month

June 19, 2025
Kenya's Government Censors X for Global Image

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

June 19, 2025
drones-healthcare-delivery

Rural Kenya Is Turning to Drones to Speed Up Healthcare Delivery

June 18, 2025
TikTok

TikTok Could Go Dark (Again) in the U.S. This Week

June 17, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

How Microsoft’s AI for Good Lab Is Helping Save Giraffes from Extinction

June 20, 2025

Gen Z Get a New Budget AI Smartphone With the itel City 100

June 20, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Meta Officially Brings Ads to WhatsApp

Infinix Launches the Smart 10 Series Lineup

Infinix Wants to Fit a 5,160 mAh Battery in the Slim Hot 60 Pro+ Frame

U.S. Plans to Launch AI Hub for Government Agencies

Multichoice Subscriber Numbers Drop by 15% As Kenyans Cut Back on Spending

Huawei Surpasses Apple to Lead Global Wearables Market

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.