New certification reinforces Evisort's leadership
in delivering world-class AI for unparalleled contract and document
intelligence across the business
SAN
FRANCISCO, Oct. 1, 2024 /PRNewswire/ -- Evisort, the
leader in AI-native contract intelligence and contract lifecycle
management (CLM), today became the first contract AI provider – and
one of the first companies in the world – to achieve an
International Organization for Standardization (ISO) 42001
accredited certification for responsible development and use of
artificial intelligence. This distinction underscores Evisort's
commitment to providing legal and business teams with reliable,
scalable, customizable, and cost-effective AI solutions for
analyzing contracts and transactional documents.
The ISO/IEC 42001 certification sets standards for the
ethical and responsible development and deployment of an AI
management system (AIMS). It ensures AI technologies are designed
and applied in a manner that is transparent, accountable, and
aligned with ethical principles, thereby fostering trust and
mitigating potential risks associated with AI applications, like
bias.
"With AI innovation happening at breakneck speed, enterprises
need the peace of mind that their providers are developing and
applying AI following industry-leading principles and standards,"
said Amine Anoun, Evisort Co-founder and Chief Technology Officer.
"We're proud to be one of the first companies in the world to
receive an accredited ISO 42001 certification and are even more
proud to deliver responsible AI solutions to our customers
daily."
The audit of Evisort in the role of both an AI "producer" and
"provider" was led by Schellman, an ANAB-accredited certification
body and leading global provider of attestation, compliance, and
certification services. The audit scrutinized a wide range of
aspects, including AI training methodologies and sources, data
anonymization and governance, human oversight, transparency and
explainability, and third-party risk management.
"Evisort was among the first to reach out to Schellman after the
publication of ISO 42001, demonstrating their strong commitment to
leading AI Governance in their industry," said Danny Manimbo, Schellman Principal and AI
Assessment Leader. "Their senior leadership's full support and
preparedness were crucial for the success of this initiative. We
were proud to partner with Evisort in pioneering this important
endeavor."
Evisort had previously demonstrated its commitment to
responsible, enterprise-grade information management by becoming
the only AI-native CLM company to be certified for both ISO 27001
(information security) and ISO 27701 (privacy). The company has
also held annual SOC 2 Type 2 examinations since 2019 and, in 2023,
announced its development of the first large language model (LLM)
specifically for contracts, to enhance the accuracy, scalability,
and reliability of its AI-powered platform. View Evisort's ISO
42001 certificate here.
On September 17, 2024, Workday,
Inc. (NASDAQ: WDAY) announced its intention to acquire Evisort.
About Evisort
Evisort's AI-native contract intelligence platform, helps
premier organizations like Microsoft, Workday, McKesson, BNY
Mellon, Western Union, and NetApp know everything about their
contracts. With advanced, proprietary AI – including the first
large language model (LLM) specifically for contracts – Evisort
empowers teams to draft, manage, analyze, and optimize their
agreements faster and more intelligently, enabling them to expedite
deals, reduce risk and cost, and transform legal and contracting
challenges into strategic business opportunities.
For more information about Evisort and its AI-powered contract
lifecycle management solutions, visit www.evisort.com.
About Schellman
"Schellman" is the brand name under which Schellman &
Company, LLC and Schellman Compliance, LLC provide professional
services. Schellman stands as a leading global provider of
attestation, compliance, and certification services. Operating
under two distinct entities, Schellman & Company, LLC (a top 50
firm) and Schellman Compliance, LLC (a globally accredited
compliance assessment firm which is not a licensed CPA firm). The
services provided by the Schellman entities include acting as a CPA
firm (Schellman & Company, LLC Florida license number AD62941)
as a leading provider of SOC reports, an ISO Certification Body, a
PCI Qualified Security Assessor Company, a HITRUST assessor, a
FedRAMP 3PAO, being among the pioneering CMMC Authorized C3PAOs, as
well as offering international certification services including
TISAX and HDS.
Renowned for its professionals' expertise combined with
practical experience, Schellman delivers superior client service
while upholding steadfast independence. The company's approach
fosters successful, long-term relationships, enabling clients to
achieve multiple compliance objectives through a single trusted
third-party assessor. For further information about the services
provided, please visit schellman.com.
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SOURCE Evisort
