Feb 10, 2020 05:05 PM EST By Staff Reporter, UniversityHerald Reporter

Contract management software driven by artificial intelligence is becoming a necessity in many fast-paced industries that deal with large numbers of contracts. How do you know if Evisort's AI contract management software is right for your company? 

Ask yourself the following questions, and if the answer to any is yes, then Evisort may be the solution you need to keep your business or firm competitive.

1. Does your company have a large number of contracts to keep track of?

2. Do your contracts lack uniformity?

3. Does your company struggle to keep contracts organized and updated?

4. Have you had issues with non-compliance because of tracking errors?

5. Do renewals and renegotiations sometimes slip through the cracks?

If you answered yes to any of these questions, then it is time to find out what the AI-driven software, Evisort, can do for you. 

• Extract data based on almost limitless search parameters

• Clarify the content of your contracts

• Send alerts for renewal dates 

• Evisort provides the ability to effectively use data to gain insights into the health of your company. 

• Review contracts quickly and efficiently

• Vastly increase the number of contracts you can negotiate and execute in a window of time

The benefits of Evisort over other contract management solutions

In addition to the above, Evisort's artificial intelligence comes pre-trained with over fifty functions ready for use straight out of the box. The pre-training makes Evisort one of the most accessible contract management solutions on the market. Other contract management software with artificial intelligence, takes time to train the algorithms before the software is fully functional. 

Evisort removes the need for manual data entry and tagging of contracts. Hundreds of contracts can be uploaded, sorted, and tagged, virtually eliminating the risk of human error. 

Evisort can effectively learn from your contracts, alerting you to weak clauses or other areas that have seen a higher rate of failure or non-compliance. The software can suggest solutions based on data garnered from other contracts about what works best. A clause library helps you easily swap out language that does not best suit the needs of the contract. 

Evisort contract management software serves to mitigate risks by sending alerts about approaching dates in a contract, expiring contracts, non-standard language and a host of other customizable alert settings. Evisort can identify risks and obligations within a contract, ensuring contract compliance. Risk mitigation helps protect the reputation of your company. 

Contract review is simplified when you can pull-up a contract, and immediately review the language flagged for review. Contract review is an area where the amount of time saved can have a direct impact on the bottom-line. Legal teams can spend their time negotiating contracts rather than slogging through standard legalese. 

Evisort offers a secure, centralized repository accessible from anywhere. You can access the repository from mobile devices, allowing you to do business from wherever you are. Evisort integrates with virtually any existing IT platform and can find and integrate contracts located across multiple platforms. 

Evisort offers custom reporting and tracking, allowing you to easily query and sort information by expiration dates, key provisions, clauses, and contract value. Putting this information at your fingertips gives you the ability to assess the big picture quickly, or the capability to find the most minute details. Data mining in the contracts you hold can yield valuable insights, as well as drive sales and advertising.

Evisort is unique in its ability to access, and learn from, third party contracts. This capability not only allows you to manage third party contracts but to compare and contrast data with your own contracts. Third-party contracts give you the entire picture, while only being able to access contracts created in-house gives a more limited view.  

Evisort grows with your company, giving you the ability to efficiently and effectively manage contracts today and into the future. With cutting edge AI contract management software, you will not have to worry about finding a new contract management system a few years down the road. 

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