Procurement Software
Make contracts a strategic advantage.
Contracts are the lifeblood of business in Australia & New Zealand. Take control of your contract data to minimise risk and drive results across every part of your organisation—including procurement, finance, sales, HR, M&A, IT, and more.
WHAT YOU CAN DO
Supercharge your procurement process with Workday.
Keep track of every term.
Easily create custom AI models to track everything your organisation cares about.
Unlock insights fast.
Be up and running with a complete, intelligent contract repository in days, not months.
Eliminate manual tasks.
Automate your contract lifecycle to reduce errors, accelerate approvals, and ensure language is always compliant.
Create value, responsibly.
Trust your sensitive contract data with our responsible AI safeguards backed by ISO 42001, 27001, and 27701 certifications.
PROVEN RESULTS
Exceptional results. Exceptionally fast.
70
reduction in outside legal spend.1
65
reducation in contract execution time.1
450,000
documents can be analyzed in 24 hours.1
21
days per deployment on average.1
1. Based on select customer stories.
2. Based on average results from Workday Contract Intelligence.
Our Procurement Products & Software
Transform procurement from cost centre to strategic advantage.
Modern enterprise procurement in Australia & New Zealand requires speed, control, and visibility.
Contract LIFECYCLE Management
Contract faster and more reliably.
Streamline procurement workflows with Workday Contract Lifecycle Management. Automate approvals, track obligations, and mitigate enterprise risk in one secure compliant platform.
CONTRACT INTELLIGENCE
Stop reading contracts. Start driving outcomes.
Transform long contracts into instant, actionable insights. Automate risk reviews, track compliance obligations, and accelerate deal cycles with end-to-end AI built for ANZ procurement teams.
PROCURE TO PAY
Spend less time on indirect spend.
Procurement management software from Workday that allows you to automate and control indirect spend. Create purchase requisitions, generate purchase orders, receive goods, process supplier invoices, and analyse spend—all in one system.
STRATEGIC SOURCING
Source faster to achieve better business outcomes.
Streamline the source-to-contract process. With unprecedented levels of collaboration, visibility, security, and resiliency—sourcing has never been easier..
WHAT SETS US APART
Act with confidence—and intelligence.
With contract lifecycle management from Workday, you get the insights, connectivity, and automation you need to deliver great outcomes.
Know everything about your contracts.
Get total visibility into your contracts as well as powerful insights—ready to present and share—with AI-native contract intelligence.
Get business done faster.
Simplify complex contract processes with AI-powered workflows and drafting tools that help you enhance responsiveness and avoid bottlenecks.
Safeguard your organisation.
Streamline audits and ensure contract terms are compliant with evolving regulations and policies to minimise organisational exposure.
Improve your bottom line.
Find untapped revenue, unused benefits, and cost-saving opportunities in supplier and other agreements.
Manage your commitments.
Stay on top of important obligations and deadlines to avoid surprise expirations, unwanted auto-renewals, and noncompliance.
FREQUENTLY ASKED QUESTIONS
Procurement FAQs.
What is contract lifecycle management (CLM) software?
CLM software enables organizations to draft, negotiate, and manage contracts. Our solutions expand upon traditional CLM with advanced contract intelligence (CI), which uses AI to track and visualize key business data in agreements.
What contract lifecycle management products does Workday offer?
We offer Workday Contract Lifecycle Management and Workday Contract Intelligence, powered by Evisort AI. Workday Contract Lifecycle Management encompasses all the advanced AI capabilities of Workday Contract Intelligence but includes additional workflow solutions to manage requests for new contracts, as well as processes for approvals, negotiating, and executing agreements.
If I already have CLM software, can I supercharge it with AI from Workday Contract Intelligence?
Yes, many companies have legacy CLM software that doesn’t offer AI capabilities. If you want structured data about your contracts and dynamic dashboards that stem from this data, adding Workday Contract Intelligence on top of your contract lifecycle management tool can be an easy solution.
Does Workday Contract Lifecycle Management integrate with e-signature tools, document repositories, and CRMs?
Yes, Workday Contract Lifecycle Management has native integrations with e-signature tools such as Adobe Sign and Docusign, and document repositories such as SharePoint, Box, and Google Drive as well as CRMs such as Salesforce. E-signature tools, document repositories, and CRMs that do not have native integrations can be connected via our robust RestAPI.
How long does it take to implement contract management products from Workday?
Implementation takes 21 days on average for Workday Contract Intelligence. And our contract AI can analyze 450,000 documents in just 24 hours, bringing deep visibility to even large repositories of agreements quickly and reliably.
The Case for AI-Native Contract Intelligence.
Learn how Workday Contract Intelligence, powered by Evisort AI, enhances efficiency, ensures compliance, and accelerates contract workflows for smarter business decisions.
Procurement Resources
Elevate your Workday procurement strategy.
Datasheet: Contract Lifecycle Management
See how Workday infuses every aspect of the contract lifecycle with powerful, purpose-built AI to automate manual tasks, surface risks and opportunities, and enhance collaboration across legal and business teams.
Datasheet: Contract Intelligence
Enterprises without visibility into their contracts miss out on critical opportunities to grow revenue, reduce costs, enhance operations, adapt to changing circumstances, and protect the business.
Quick Demo: Contract Management
This quick demo shows how AI transforms unstructured vendor agreements into searchable data to automate obligations, reduce risk, and streamline enterprise procurement workflows.
Contract Management Topics
Explore information that can help save time, prevent contract delays, and keep the right people informed throughout the contract management process.