Workday announced on Tuesday that it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount.Evisort adds to Workday’s growing collection of AI-focused acquisitions, which started with HR analytics firm Identified in 2014. In 2018, the company bought SkipFlag, makers of an AI knowledge base that builds itself from an enterprises’s internal chats. Today, the startup offers AI-powered modules that let customers analyze documents like revenue contracts, asset agreements, and supplier invoices for things like omissions and errors, and get recommendations on document language. Evisort also helps highlight key elements in documents such as unclaimed benefits in supplier agreements, evaluate document language against historical benchmarks, and automatically notify customers of important upcoming file-related date. Is AI “replacing” humans in work places ?
