Workday, Inc. (WDAY), a leading provider of solutions for managing human and other crucial resources, announced on Tuesday that it has entered into an agreement to acquire Evisort, an AI-native document intelligence platform. This strategic move aims to integrate AI-powered document intelligence solutions into Workday’s finance and HR offerings.
The acquisition is anticipated to be finalized by the third quarter, ending October 31.
According to Terrance Wampler, Group General Manager of the Office of the CFO at Workday, "Evisort will assist us in fulfilling our vision of helping customers unlock the value embedded in their most critical data. Leveraging AI-powered document intelligence, they will be able to identify and act on insights more swiftly and efficiently, maintaining a competitive edge in today's fast-evolving business environment."
By incorporating Evisort's AI capabilities, Workday will empower its customers to extract essential insights from previously untapped data, facilitating faster and more informed business decisions.
Evisort’s platform employs AI to derive clear and actionable insights from intricate legal and business documents housed in document management systems.
