Emptoris vs. Workday Contract Lifecycle Management, powered by Evisort AI

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Emptoris
Score 5.5 out of 10
N/A
N/A
$59
Per User Per Month
Workday Contract Lifecycle Management, powered by Evisort AI
Score 0.0 out of 10
N/A
Workday Contract Lifecycle Management, powered by Evisort AI, streamlines end-to-end contract workflows. Its intelligent, AI-native contract repository can be up and running in days. It combines pre- trained and customizable AI with integrations and enterprise-grade governance.N/A
Pricing
EmptorisWorkday Contract Lifecycle Management, powered by Evisort AI
Editions & Modules
Emptoris
$59.00
Per User Per Month
No answers on this topic
Offerings
Pricing Offerings
EmptorisWorkday Contract Lifecycle Management, powered by Evisort AI
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
EmptorisWorkday Contract Lifecycle Management, powered by Evisort AI
Features
EmptorisWorkday Contract Lifecycle Management, powered by Evisort AI
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
Emptoris
8.3
4 Ratings
4% above category average
Workday Contract Lifecycle Management, powered by Evisort AI
-
Ratings
Contract creation9.04 Ratings00 Ratings
Contract templates7.84 Ratings00 Ratings
Clause library/saved fields8.34 Ratings00 Ratings
Guided logic8.02 Ratings00 Ratings
Contract Collaboration
Comparison of Contract Collaboration features of Product A and Product B
Emptoris
7.9
4 Ratings
5% below category average
Workday Contract Lifecycle Management, powered by Evisort AI
-
Ratings
Contract sharing8.04 Ratings00 Ratings
Contract editing8.74 Ratings00 Ratings
Collaborating on contracts7.53 Ratings00 Ratings
MS Word plug-in7.52 Ratings00 Ratings
Approval process8.24 Ratings00 Ratings
Interdepartmental workflows7.84 Ratings00 Ratings
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
Emptoris
7.8
5 Ratings
6% below category average
Workday Contract Lifecycle Management, powered by Evisort AI
-
Ratings
Contract database7.75 Ratings00 Ratings
Contract search7.55 Ratings00 Ratings
Contract milestone reminders & alerts8.53 Ratings00 Ratings
Custom contract reports7.44 Ratings00 Ratings
Tracking contract status8.44 Ratings00 Ratings
Compliance check7.93 Ratings00 Ratings
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User Ratings
EmptorisWorkday Contract Lifecycle Management, powered by Evisort AI
Likelihood to Recommend
8.1
(15 ratings)
-
(0 ratings)
Likelihood to Renew
8.0
(10 ratings)
-
(0 ratings)
Usability
8.0
(2 ratings)
-
(0 ratings)
Support Rating
8.0
(2 ratings)
-
(0 ratings)
User Testimonials
EmptorisWorkday Contract Lifecycle Management, powered by Evisort AI
Likelihood to Recommend
IBM
If you have a highly bureaucratic organization that is heavily focused on procurement, Emptoris can provide some value. It seemed to be very good at linking the contract information to procurement for better spend control. If you are trying to implement a standalone contract management solution that allows you to easily create contracts and store them in a central location, this isn't the tool for you. There doesn't appear to be a simplified implementation. In general, when a SaaS solution has a complicated and expensive implementation, I am very skeptical. This does not show that the vendor is trying to move customers forward on a single code base. If that many things need to be done during implementation, you are starting to customize the solution for every customer. This hurts the vendor's ability to scale and make improvements in the future.
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Workday
Evisort is best when you already have all your contracts fully cleaned, designated, ordered, managed, linked, collated, titled and termed. It is not good if you expect the platform to help you go through a repository of contracts that you want the system to extract all the info you need and then you can decide easily what to keep and not etc - the sales team will tell you that the platform can do all of this. In my opinion, this isn't true.
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Pros
IBM
  • Document protection - the Check Out contract feature is a great way to allow external parties to make modifications to contract language without the ability to accept those changes. Those redlines can then be imported back into Emptoris and reviewed or further modified as needed.
  • Notifications & reminders - you can trigger an email manually from within the system, or you can configure automated notifications andreminders to alert users when a new task is received or has aged a given amount of days, etc.
  • Interview wizard - there is a lot of value in the interview wizard. Administrators can configure screens with selecting options via check boxes, radio buttons, or typed-in values. Variables and conditions can be used to selectively populate fields within the contract or apply other options, making for a quick and convenient method to generate contracts conforming to corporate standards.
  • Field customization - administrators can customize a list of options for various fields including contract substatus, address type, and user created business term variables.
  • Approvals - many different options are available to configure approvals to trigger automatically upon presenting and/or executing the contract including specific individuals, one or more approver groups, or based upon various criteria including terms within the contract, type of contract, or the contract's owning organization.
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Workday
  • Houses Contracts centrally
  • Info display is pretty straight forward
  • Terms Search function is solid
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Cons
IBM
  • Reporting, Emptoris comes with standard reports which can not always can be fit into our business. This needs to be improved. I hope Emptoris is addressing this issue in their latest releases.
  • Though the feature of editing language in MS word is excellent, loading MS word takes time.
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Workday
  • Platform Implementation
  • AI intake of documents
  • How contracts are linked
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Likelihood to Renew
IBM
There are a lot of new, exciting products coming out in every field and I believe that there is always something better right over the horizon. If it was my choice, I would review my usage of Emptoris and other software periodically to make sure I'm using the most efficient software possible.
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Workday
No answers on this topic
Usability
IBM
Emptoris is a pretty robust tool overall. Learning curve is small and it is simple to use
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Workday
It is clunkier than needs to be but it's not as bad as some of the other platforms we reviewed. The interface is pretty spartan, almost like reading a page and some color and segregation could help users segregate the UI by function and task. This is pretty straight forward but doubt they would implement
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Support Rating
IBM
The above rating for the overall support from Emptoris is for their product / product support, roll out training and refresher training / ongoing training, which is not only good but superior. There is no major or reconizable bad review that can be given to Emptoris at this point in time, from where is stands.
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Workday
For all of the reasons listed above, essentially, once the platform is implemented it has its value, however, knowing what you get before implementation, might give ppl pause. The cost is a bit misleading and the sales team over promises and under delivers in my opinion. This is not cool and creates issues inevitably, down the line.
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Alternatives Considered
IBM
I am a fan of Ariba to be used for the entire lifecycle of Sourcing. From RFX's to cutting PO's. I feel Emptoris misses the boat on the idea of a "One Stop Shop" for all of your Sourcing/Purchasing needs
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Workday
Evisort is just getting in the game. Implementation is not as robust as Coupa and Adobe is more of a contract execution platform so it is not apples to apples to compare there. Essentially, Evisort is a a somewhat cheaper solution that is not a complete solution and needs more of an upfront lift than they would suggest.
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Return on Investment
IBM
  • We won the 2005 Baseline Magazine Award for best ROI related to a technology implementation with an ROI 5544% (see 2005 Baseline ROI Awards, GlaxoSmithkline).
  • We always felt we could do "two times the work, with half the people and deliver double the savings".
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Workday
  • better Contract visibility
  • centralized ownership
  • contract alerts
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ScreenShots

Workday Contract Lifecycle Management, powered by Evisort AI Screenshots

Screenshot of the Ask AI featureScreenshot of automated redliningScreenshot of