Workday Acquires Evisort to Expand Its AI Capabilities

WASHINGTON (dpa-AFX) – Workday, Inc. (WDAY), a provider of human resources and resource management solutions, announced Tuesday that it has entered into an agreement to acquire Evisort, an AI-native document intelligence platform, to add AI-powered document intelligence solutions to its finance and HR suite.

The transaction is expected to close in the third quarter ending October 31.

Terrance Wampler, Group General Manager, Office of the CFO at Workday, said: “Evisort will help us deliver on our vision of helping customers unlock the value of their most critical data. With AI-powered document intelligence, they can surface and act on insights faster and more efficiently, giving them an edge in today’s rapidly changing business landscape.”

With Evisort’s AI capabilities, Workday customers can extract critical insights from this untapped data, making critical business decisions and taking action faster than ever before.

Evisort’s platform uses AI to gain clear and actionable insights from complex legal and business documents stored in document management systems.

Copyright(c) 2024 RTTNews.com. All rights reserved.

Copyright RTT News/dpa-AFX