Workday's acquisition of document platform Evisort shows AI's role in the workplace keeps growing [Fortune]
Element Solutions Inc. (ESI)
Last element solutions inc. earnings: 4/30 07:00 am
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Source: Fortune
The software provider of a unified finance and HR platform announced on Tuesday it plans to acquire Evisort, a platform that uses AI to review documents and extract key data with a simple prompt. This takes aim at the pain points of analyzing unstructured data, like legal documents. Evisort was founded in 2016 by Jerry Ting, Jake Sussman, and Amine Anoun. The three met while attending Harvard Law and MIT. Among Evisort's clients are Microsoft, Keller Williams, and Workday (a CFO Daily sponsor). To learn more about the strategy behind the acquisition, I sat down with Terrance Wampler, group general manager for the office of the CFO at Workday, during the company's annual customer conference in Las Vegas this week. Wampler discussed Evisort's AI-powered tool that can read and analyze contracts, policy documents, and invoices across the organization. He noted the tool can also automate tasks like uncovering any anomalies in contracts, locating a specific section of legal documents
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News
- Element Solutions Inc to Participate in the UBS Global Technology and AI ConferenceBusiness Wire
- Element Solutions' (NYSE:ESI) Dividend Will Be $0.08 [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc Declares Q4 Dividend of $0.08 Per ShareBusiness Wire
- Investors in Element Solutions (NYSE:ESI) have seen solid returns of 152% over the past five years [Yahoo! Finance]Yahoo! Finance
- Element Solutions Inc (NYSE: ESI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
ESI
Earnings
- 10/28/24 - In-Line
ESI
Sec Filings
- 11/14/24 - Form SC
- 10/29/24 - Form 10-Q
- 10/28/24 - Form 8-K
- ESI's page on the SEC website