This MGI 360 Rating™ is designed to help buyers, suppliers, and investors assess the product functionality, management teams, channel breadth, marketing strategy, and financial positioning of Evisort‘s CLM tool.
We initiate coverage of Evisort in the Contract Lifecycle Management (CLM) market with an MGI 360 Rating of 46 and a Neutral analyst outlook. Customers cite Evisort’s ease of use, the sophistication of its analytics capability, quality of support, and accuracy of the AI data extraction tool. The company banks on its AI capabilities, which were developed with a ML orientation and are capable of searching for concepts, not just words or terms.
Who Is Evisort?
Founded in 2016, Evisort is a CLM solution with a focus on contract analytics and intelligence. The company raised over $155M in four venture funding rounds (seed to Series C), including investors such as TCV, Breyer Capital, General Atlantic, Microsoft, and others.
What Is Contract Management?
Contract Lifecycle Management (CLM) is the process of strategically managing and leveraging the entire lifespan of legally binding agreements between two or more parties within a business context. CLM tools are evolving rapidly. Not long ago, CLM software described a relatively simple system for document management and e-signature. Today, mature CLM solutions employ AI/ML data capture capabilities to turn the contract management process into an intelligent, real-time system of record. For more about the evolution of CLM software, read The Six Stages of CLM Maturity.
What Are MGI 360 Ratings?
MGI 360 Ratings™ are a comprehensive structured system for evaluating technology companies. The MGI 360 scores reflect analyst opinions based on a scale of 0 to 100, combined with an analyst outlook (Positive, Negative, or Neutral). The 360 Rating system is comprised of 149 unique data points across five pillars:
- PRODUCT: How strong is the product’s competitive position?
- MANAGEMENT: How competent and experienced is the management team?
- CHANNELS: Does the company have a sales capability and channels needed to bring products to market?
- STRATEGY: Does the company have a realistic view of the opportunity and a compelling strategy for success?
- FINANCE: Is the company growing and profitable?
360 Ratings in Contract Lifecycle Management condense hours of research and customer references into simple, easy to understand ratings and recommendations to clearly demonstrate strengths, weaknesses, and differences among CLM software vendors. All 360 Ratings in Contract Lifecycle Management (CLM) are available in the CLM Top 35 Buyer’s Guide.
Get the report to find out how Evisort compares to peer averages in the CLM market:
