Company Information
HQ
San Francisco, CA
Founded
2016
Market
Contract Lifecycle Management
Solution
Enterprise CLM
Representative
Customers
Workday, Jelly Belly, Western Union, Instacart, LendingOne, McKesson, Microsoft
Ideal Customer
Profile
Evisort is a fit for midmarket and enterprise customers in IT/software, financial services, and healthcare verticals, operating in North America, with a need for contract intelligence and AI-powered analytics.
Company Size
Evisort is a fit for companies with $500M to $1B+ in revenues.
Business Model
Technology Ecosystem(s)
Evisort is native to AWS.
Primary Users
Business
IT
Sales
Procurement
HR
Legal
The key users for this solution are business, procurement, and legal.
Investment Level
Evisort is priced aggressively, making it relatively inexpensive to buy and implement.
Agility
Evisort is a moderate to highly agile CLM solution, as the company facilitates speedy implementations, is easy to use, and needs minimal IT involvement.
Complexity
Evisort is a medium complexity CLM solution.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
Evisort serves customers in the US and English-speaking Canada.
Orientation of CLM
GC
Legal Ops
Buy Side
Sell Side
Enterprise
The solution is ideally suited for buy-side, sell-side, legal ops, and enterprise-wide contracting needs.
Top 3 Verticals
Software
Tech and software companies are a primary focus of this solution.
Financial Services
Evisort is an ideal solution for banks and financial services providers.
Health Care
The healthcare, pharma, biotech, and life sciences industries are a good fit for Evisort.
Analyst Notes
Evisort caters to midmarket and enterprise, B2X entities in IT/software, financial services, and healthcare industries in the US and Canada, seeking contract intelligence and AI-powered analytics. Evisort specializes in procurement and legal enterprise contract management. Customer feedback is mixed, with some praising the AI data extraction capabilities while others view the UI as unintuitive and the company’s in-house implementation process as uneven. As Evisort continues to evolve, continuous refinement of product maturity, implementation processes, and user experience will be critical for maintaining competitiveness. Recently linked partnerships with PwC, Epiq, and ServiceNow will need time to grow, and at present are not strategic relationships. ServiceNow has high potential and could be a potential acquirer of Evisort. Like some of its peers, Evisort at times leans on price to differentiate its solution as the industry matures and pressure on the company to deliver profitability mounts this business practice has limitations.
