Evisort Is a Visionary in 2023 Gartner® Magic Quadrant™ for CLM and Recognized in Critical Capabilities for CLM Report
Evisort has been named a Visionary in the 2023 Gartner® Magic Quadrant™ for Contract Life Cycle Management (CLM). We appreciate this recognition by Gartner, an organization that delivers actionable, objective insights to executives and their teams.
We believe that our approach of prioritizing artificial intelligence (AI) as the foundation of our platform differentiates Evisort in the CLM market.
“From our first line of code, written at Harvard Law and MIT labs in 2016, Evisort has focused on delivering AI-native applications for legal and business teams,” said Jerry Ting, Evisort Founder and CEO. “The amazing rise of generative AI solutions over the past year has further underscored the importance of AI as a foundational technology. We recently announced the development of the first large language model (LLM) built specifically for contracts, which will help further our goal of helping business leaders know everything about their contracts.”
Gartner Recognizes Evisort as “Customers’ Choice” for CLM
Earlier this year, Gartner named Evisort a Customer’s Choice in the Peer Insights™ “Voice of the Customer” for Contract Life Cycle Management (CLM). This report was based on customer feedback for Evisort’s sales experience, deployment experience, product capabilities, and support experience. Customers routinely call out Evisort’s AI and ease of use, noting:
“Evisort is an incredible tool that gives instant ROI.”
– Manager, Legal and Compliance in the Software industry
“Evisort is a clear winner. For our contract management needs, Evisort was clearly the best product we saw. The implementation was a breeze and the customer service post-implementation was above and beyond what we expected."
– Senior Manager of Legal Operations in the Construction industry
“The AI is fantastic. It allows for the best reporting I've ever seen in a CLM product.”
– Leader, Global Sourcing and Procurement in the Finance industry
“Wonderful System, Even Better Implementation And [On]Boarding Experience”
– Director of Legal in the Healthcare and Biotech industry
Easy To Use Contract Digitization Product With Fabulous Customer Service
– CEO in the Healthcare and Biotech industry
“Evisort has one of the best AI technology solutions in [the] Legal technology landscape today.”
– Legal Operations Lead in the Telecommunications industry.
Gartner Evaluates Evisort’s Capabilities as a CLM Provider
In addition to the Magic Quadrant, Gartner also publishes Critical Capabilities reports. According to Gartner, this type of report is “a comparative analysis that scores competing products or services against a set of critical differentiators identified by Gartner. It shows you which products or services are a best fit in various use cases to provide you actionable advice on which products/services you should add to your vendor shortlists for further evaluation.”1
In the 2023 “Critical Capabilities for Contract Life Cycle Management” report, Evisort scored 3.89/5 in Presignature, 3.92/5 in Presignature (third-party-generated contracts), 3.79/5 in Postsignature (advanced), 3.78/5 in Postsignature and 3.89/5 in Full Life Cycle Use Cases.
Evisort Leads the Way in Generative AI for Contracts
As part of our vision for CLM, Evisort has developed the first contract-specific LLM, trained on a dataset of over two trillion tokens with knowledge culled from millions of legal contracts. Our generative AI engine combines our proprietary LLM with our industry-leading natural language processing (NLP) technology and the best of third-party LLMs. This unique combination lets Evisort deliver game-changing innovations for contract management and analysis with greater control over accuracy and responsiveness than is possible when relying exclusively on generic, third party LLM technology.
- Gartner Research Methodologies, “Critical Capabilities”, 11 September 2023. https://www.gartner.com/en/research/methodologies/research-methodologies-gartner-critical-capabilities/
Gartner does not endorse any vendor, product or service depicted in our research publications, Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark, PEER INSIGHTS and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner, Critical Capabilities for Contract Life Cycle Management, 25 October 2023, Lynne Phelan, et. Al.
Gartner, Magic Quadrant for Contract Life Cycle Management, 18 October 2023, Kaitlynn Sommers, et. Al.
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