Evisort and Epiq hosted a Live Session on Next Generation AI at Legalweek 2023.
New York City – Evisort, the no-code contract intelligence platform loved by legal, procurement, IT and sales operations teams worldwide, announced its next-generation AI contract processing with advanced OCR ingesting. Evisort’s proprietary AI has made a massive leap in capacity — now ingesting and analyzing up to 450,000 contracts per day to help organizations gain value even faster with a complete, intelligent contract repository in days, not months.
Evisort’s next-generation contract processing addresses challenges commonly faced by legacy OCR, including difficulties deciphering handwriting, blurry text, tables, headers, footers, and watermarks. The platform now recognizes multilingual handwriting and typed text, including non-Latin characters from Chinese, Japanese, Korean and other languages. With these AI enhancements, Evisort’s solution empowers enterprise customers to develop a more accurate lens into their worldwide operations, including regional offices, via connected contract data.
Evisort AI Labs has also trained generative AI capabilities that help users draft, redline and negotiate contracts based on existing AI contract data and large language models. As organizations eliminate siloed contract data, business leaders can strengthen their expanding global ecosystem and educate stakeholders across the business on the importance of data to fuel frictionless global operations.
Allowing AI-powered contract data insights to flow to any employee within the organization who can benefit from it is critical to accelerating the business impact that AI can facilitate. Knowing what is in their agreements helps business teams adapt strategically to changes in regulatory landscapes, data privacy laws, macroeconomic conditions, geopolitical institutions, supply chain viability, sales obligations, corporate ownership and cross-departmental priorities. As with any business transformation, the first step is education.
Evisort hosted an emerging technology educational track at Legalweek in partnership with Epiq, a leading provider of legal and business services. The live emerging technology session uncovered how AI, particularly generative AI, is reshaping the legal landscape. Epiq’s Senior Vice President General Manager Ziad Mantoura, Epiq’s Senior Vice President of Legal Solutions Eric Crawley and Evisort’s CEO and Founder Jerry Ting provided a behind-the-scenes look as well as shared insights on transforming legal organizations–enabling them to scale, drive innovation and enhance customer experiences.
Evisort offers the next generation of AI-powered contract intelligence. Evisort’s AI platform for contract lifecycle management and analysis connects contract data, unlocks productivity, and delivers digital workflows that create great experiences across the enterprise. Powered by proprietary AI trained on 11M+ contracts and 1B+ data points, Evisort is the first AI-native CLM company to achieve ISO 27001 and 27701 certifications in addition to SOC 2 Type 2 certification. Headquartered in San Francisco, the company supports legal, finance, sales, procurement and IT organizations around the globe. For more information, visit www.evisort.com or connect with us on LinkedIn or Twitter.