In previous posts, we’ve explained what contract lifecycle management is and why it matters for business. Legacy systems provide contract management software that automates some or all of the process of contract creation and management, from the generation of templates, through the negotiation and drafting of new or revised clauses, to the execution and ongoing
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Evisort Raises $35M Series B Led by General Atlantic, Quadruples Revenue As Enterprises Race To Tame Contracts
Pre-trained AI platform uncovers millions in potential savings, unlocks missed revenue, and exposes risks hidden in contracts within days of implementation
SAN MATEO, Calif. — Feb 23, 2021 — Evisort, the intelligent contract management platform, today announced $35M in Series B funding following a year of 4x revenue growth, bringing its total funding to…
Announcing Evisort’s $35M Series B Led By General Atlantic
By Jerry Ting, Evisort Co-Founder and CEO
I’m thrilled to share that Evisort has closed $35M in Series B funding, led by General Atlantic.
Over the last couple of months, we’ve been able to meet the broader team at GA, and I couldn’t imagine a better partner as we scale our business to new…
2021 Outlook: What You Need to Know to Prepare for Contract Audits
Introduction
Auditing your business’s contracts for compliance is essential to ensuring that your business captures the value that you’ve negotiated with your partners. In light of emergent data privacy regulations, it’s also crucial that your contracts provide the required protection to your customers. Whether you’re identifying cost overruns on the part of your vendors or…
How Data Privacy Regulations Will Impact Contracts in 2021
The last decade has seen nearly constant change in compliance requirements. 2020 was no different, despite a global pandemic and a federal election. As we dive into 2021, we’ll see a continued focus on regulatory compliance, with new data privacy laws, financial regulations and deadlines on the horizon.
Businesses that step up to meet these…
Coverage in the Time of Coronavirus: Does Insurance Always Foot the Bill?
The total number of COVID-19 cases in the US recently shot past 9 million. The country is recording its highest daily totals of new cases more than seven months after the White House declared a state of emergency. Employers navigating the pandemic are leaving no stone unturned as they attempt to weather present losses and…
Fred Smalkin on “Inventing the New Light Bulb” for Legal Teams
We couldn’t be more excited to welcome aboard our new Product Manager Fred Smalkin. Fred comes to us from DLA Piper, where he led infrastructure for the firm’s US IT team. At Evisort, he’ll work with the data science team on evolving the platform’s AI capabilities so that it can answer customers’ substantive questions…
Digitizing Contract Management Helps Banks Meet COVID-19 Loan Demand
While the COVID-19 pandemic has put pressures on every industry, financial institutions have had the double burden of juggling their own uncertainties as well as those of their customers. Financial institutions play a key role in economic recovery. Yet the volume of work associated with government relief packages and low interest loans is overwhelming, particularly…
Meet the Minds: Sarah Feingold and JP Son
Welcome to another recap of what you missed on the Evisort podcast!
Meeting of the Minds is back with more real stories from leaders driving innovation in the legal industry. The delightful Sarah Feingold and JP Son grace for episodes three and four, respectively. Our guests both explore what it really means to be a…
Vendor Contracting Best Practices in Healthcare
As healthcare organizations optimize for value-based care and respond to changing compliance requirements, the interest in contract lifecycle management (CLM) has grown. Although a great deal of attention is being paid to payer contracts, there are many benefits to improving contracting in the healthcare supply chain. It only takes one missed auto-renewal date for…