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Document X-Ray™ Empowers Evisort Users in Unprecedented Ways

January 23, 2024
A message from Evisort Founder and CEO Jerry Ting.

At Evisort, we know that our customers know more about their industries, businesses, and contractual needs than we do. Our customers span dozens of industries and range from small enterprises to (literally) the world’s most valuable companies. Each is unique, and their contract data needs to evolve along with market trends, regulatory changes, and business strategies. 

That’s why we’ve long focused on making our AI easily customizable by our customers – no code or special skills needed. Evisort’s Automation Hub™ has been used by corporations like Microsoft, BNY Mellon, and NetApp to track tens of millions of contract clauses across their contracts to find untapped revenue opportunities, drive compliance, and reduce costs.

With the advent of generative AI – including our proprietary large language model (LLM) purpose-built for contract use cases – we’re ushering in a new era of what is possible. 

Evisort is proud to launch Document X-Ray™ to help organizations fully customize their AI journey with responsible, generative AI for contracts. The result is flexible, in-depth, user-driven contract analysis optimized for individual enterprises of any size and industry.

We’ll unveil Document X-Ray on Thursday, January 25, at this live webinar. In the meantime, here’s what makes Document X-Ray a game-changer for Evisort’s customers:

It trains with a simple question.

The entry point to Document X-Ray is our Conversational AI experience, which lets you ask questions about your contracts in simple, natural language and get clear, reasoned answers. Ask questions like “What happens if we terminate early?”, “Are rebates or discounts available?” or “Can we charge for partial performance?” and our AI will provide answers in seconds.

Document X-Ray turns those same questions into AI models that run automatically across all your contracts or any subset thereof. It creates structured data points on the fly, so you can track precisely the terms your organization cares about and make informed, strategic business decisions on the go.

Never before has sophisticated, custom AI for contracts been so readily accessible.

Find out how

Evisort

can help your team

Test Evisort on your own contracts to see how you can save time, reduce risk, and accelerate deals.

It goes far beyond clauses.

Document X-Ray isn’t limited to finding relevant clauses in your contracts. It can extract terms of any level of granularity – dates, monetary amounts, entities, legal “terms of art,” and more. It can accurately extract data that appear in tables, handwritten notes, and poorly scanned hardcopy pages, even when the document has intrusive watermarks, headers, and footers.

In fact, Document X-Ray isn’t limited to contracts. Businesses can run it on transactional documents like invoices, SOWs, and purchase orders to find amounts due, payment terms, shipping information, and other critical details. Healthcare organizations can run it on physician licenses to extract renewal dates and prepare for audits. International technology companies can use it for GDPR compliance. Manufacturing organizations can use it to analyze their supplier agreements. The possibilities are endless.

It doesn’t just extract – it generates.

Perhaps most importantly, Document X-Ray isn’t limited to the traditional AI approach of extracting data that appears explicitly in contracts. Any lawyer knows critical data points are often not expressly stated and require more nuanced analysis. 

With the power of generative AI, Document X-Ray goes further, automatically generating the answer you need in clear, understandable terms. It can calculate dates and amounts, summarize terms for non-legal audiences, assign a tiered rating or classification, and more. 

This opens new opportunities for creative legal, legal ops, procurement, sales, compliance, and finance teams to know what’s in the agreements that power their business. 

Those teams can gain even greater business value by sharing these structured contract data points from Evisort with connected enterprise systems such as ServiceNow, Salesforce, SAP Ariba, and hundreds more — including other contract management systems.

Evisort’s commitment to our customers.

Like others mining the potential of generative AI across different industries, Evisort continues to explore daily the full range of what large language models can deliver. 

Unlike many others in our space, Evisort has built a responsible, multifaceted AI platform with the advantages of a proprietary, fine-tuned LLM. And we’re empowering our customers to use that platform to track whatever matters to them — all their contracts and related documents. 

We’ll continue to provide our customers with unrivaled tools to be creative, forward-looking, and strategically valuable across the enterprise. 

After all, they know their industries, businesses, and contractual needs better than anyone.

Want to learn more? Join us at our webinar on Thursday, January 25 to see what Document X-Ray can do for your organization.

Related Resources

On-demand Webinar

FinServe Compliance using Responsible AI

Guide

Customizable Contract AI

On-demand Webinar

Contract with Care: How Healthcare Organizations Are Using Contract AI for Compliance, Finance, and Procurement

Find out how

Evisort

can help your team

Test Evisort on your own contracts to see how you can save time, reduce risk, and accelerate deals.