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Evisort One of the First AI Companies in the World to Achieve Accredited ISO 42001 Responsible AI Certification

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Evisort, a leader in AI-native contract intelligence and contract lifecycle management (CLM), has become one of the first companies globally to achieve ISO 42001 accredited certification for responsible AI development and use. This certification, audited by Schellman, reinforces Evisort's commitment to providing reliable, scalable, and ethical AI solutions for contract analysis.

The ISO/IEC 42001 certification sets standards for ethical AI development and deployment, ensuring transparency, accountability, and alignment with ethical principles. Evisort's certification covers its role as both an AI 'producer' and 'provider', scrutinizing aspects such as AI training methodologies, data governance, human oversight, and third-party risk management.

This achievement adds to Evisort's existing certifications in information security (ISO 27001) and privacy (ISO 27701), as well as its annual SOC 2 Type 2 examinations. The company also recently developed the first large language model specifically for contracts. On September 17, 2024, Workday, Inc. (NASDAQ: WDAY) announced its intention to acquire Evisort.

Evisort, leader nell'intelligenza artificiale nativa per la gestione dei contratti e del ciclo di vita dei contratti (CLM), è diventata una delle prime aziende al mondo a ottenere la certificazione accreditata ISO 42001 per lo sviluppo e l'uso responsabile dell'IA. Questa certificazione, auditata da Schellman, rafforza l'impegno di Evisort a fornire soluzioni di intelligenza artificiale affidabili, scalabili ed etiche per l'analisi dei contratti.

La certificazione ISO/IEC 42001 stabilisce standard per lo sviluppo e l'implementazione etica dell'IA, garantendo trasparenza, responsabilità e allineamento con i principi etici. La certificazione di Evisort copre il suo ruolo sia come 'produttore' che come 'fornitore' di IA, analizzando aspetti come le metodologie di formazione dell'IA, la governance dei dati, il controllo umano e la gestione dei rischi di terze parti.

Questo traguardo si aggiunge alle certificazioni esistenti di Evisort nella sicurezza informatica (ISO 27001) e nella privacy (ISO 27701), oltre alle sue annuali esaminazioni SOC 2 di Tipo 2. L'azienda ha anche recentemente sviluppato il primo grande modello di linguaggio specificamente per i contratti. Il 17 settembre 2024, Workday, Inc. (NASDAQ: WDAY) ha annunciato la sua intenzione di acquisire Evisort.

Evisort, líder en inteligencia de contratos nativa impulsada por IA y gestión del ciclo de vida de contratos (CLM), se ha convertido en una de las primeras empresas a nivel global en lograr la certificación acreditada ISO 42001 para el desarrollo y uso responsable de la IA. Esta certificación, auditada por Schellman, refuerza el compromiso de Evisort de proporcionar soluciones de IA fiables, escalables y éticas para el análisis de contratos.

La certificación ISO/IEC 42001 establece estándares para el desarrollo y despliegue ético de la IA, asegurando transparencia, responsabilidad y alineación con principios éticos. La certificación de Evisort abarca su papel tanto como 'productor' como 'proveedor' de IA, analizando aspectos como las metodologías de formación de la IA, la gobernanza de datos, la supervisión humana y la gestión de riesgos de terceros.

Este logro se suma a las certificaciones existentes de Evisort en seguridad de la información (ISO 27001) y privacidad (ISO 27701), así como a sus exámenes anuales SOC 2 Tipo 2. La compañía también desarrolló recientemente el primer modelo de lenguaje grande específicamente para contratos. El 17 de septiembre de 2024, Workday, Inc. (NASDAQ: WDAY) anunció su intención de adquirir Evisort.

에비소트는 AI 기반의 계약 인텔리전스 및 계약 생애 주기 관리(CLM) 분야의 리더로, 책임 있는 AI 개발 및 사용을 위한 ISO 42001 인증을 세계 최초로 획득한 기업 중 하나가 되었습니다. 이 인증은 셔만(Schellman)에 의해 감사되었으며, 계약 분석을 위한 신뢰할 수 있고 확장 가능하며 윤리적인 AI 솔루션을 제공하겠다는 에비소트의 약속을 강화합니다.

ISO/IEC 42001 인증은 윤리적인 AI 개발 및 배포를 위한 기준을 설정하며, 투명성, 책임 및 윤리 원칙과의 정렬을 보장합니다. 에비소트의 인증은 AI '생산자'와 '제공자'로서의 역할을 포함하며, AI 학습 방법론, 데이터 거버넌스, 인간 감독 및 제3자 위험 관리와 같은 측면을 검토합니다.

이번 성과는 정보 보안(ISO 27001) 및 개인정보 보호(ISO 27701)에서의 에비소트의 기존 인증에 추가적인 성과이며, 연간 SOC 2 유형 2 검사도 포함됩니다. 이 회사는 최근에 계약 전용으로 개발된 최초의 대형 언어 모델도 발표했습니다. 2024년 9월 17일 워크데이 주식회사(NASDAQ: WDAY)는 에비소트를 인수할 계획을 발표했습니다.

Evisort, un leader dans l'intelligence contractuelle native à IA et la gestion du cycle de vie des contrats (CLM), est devenue l'une des premières entreprises au monde à obtenir la certification ISO 42001 accréditée pour le développement et l'utilisation responsable de l'IA. Cette certification, audité par Schellman, renforce l'engagement d'Evisort à fournir des solutions d'IA fiables, évolutives et éthiques pour l'analyse des contrats.

La certification ISO/IEC 42001 établit des normes pour le développement et le déploiement éthique de l'IA, garantissant transparence, responsabilité et alignement avec des principes éthiques. La certification d'Evisort couvre son rôle en tant que 'producteur' et 'fournisseur' d'IA, examinant des aspects tels que les méthodologies de formation de l'IA, la gouvernance des données, la supervision humaine et la gestion des risques tiers.

Cette réalisation s'ajoute aux certifications existantes d'Evisort en matière de sécurité de l'information (ISO 27001) et de confidentialité (ISO 27701), ainsi qu'à ses examens annuels SOC 2 Type 2. L'entreprise a également récemment développé le premier grand modèle de langage spécifiquement pour les contrats. Le 17 septembre 2024, Workday, Inc. (NASDAQ: WDAY) a annoncé son intention d'acquérir Evisort.

Evisort, ein führendes Unternehmen im Bereich KI-nativer Vertragsintelligenz und Vertragslebenszyklusmanagement (CLM), ist eines der ersten Unternehmen weltweit, das die ISO 42001 Zertifizierung für verantwortungsvolle KI-Entwicklung und -Nutzung erhalten hat. Diese Zertifizierung, die von Schellman geprüft wurde, bestärkt Evisorts Engagement für die Bereitstellung zuverlässiger, skalierbarer und ethischer KI-Lösungen für die Vertragsanalyse.

Die ISO/IEC 42001-Zertifizierung setzt Standards für die ethische Entwicklung und Bereitstellung von KI und gewährleistet Transparenz, Verantwortung und Übereinstimmung mit ethischen Prinzipien. Die Zertifizierung von Evisort umfasst seine Rolle sowohl als 'Produzent' als auch als 'Anbieter' von KI und prüft Aspekte wie KI-Schulungsmethoden, Datenverwaltung, menschliche Aufsicht und das Risikomanagement von Drittanbietern.

Dieser Erfolg ergänzt Evisorts bestehende Zertifizierungen in der Informationssicherheit (ISO 27001) und im Datenschutz (ISO 27701) sowie die jährlichen SOC 2 Typ 2 Prüfungen. Das Unternehmen hat außerdem kürzlich das erste große Sprachmodell speziell für Verträge entwickelt. Am 17. September 2024 gab Workday, Inc. (NASDAQ: WDAY) seine Absicht bekannt, Evisort zu erwerben.

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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

FAQ

What certification did Evisort achieve for responsible AI development?

Evisort achieved the ISO 42001 accredited certification for responsible development and use of artificial intelligence, becoming one of the first companies in the world to do so.

How does the ISO 42001 certification benefit Evisort's customers?

The ISO 42001 certification ensures that Evisort's AI technologies are designed and applied in a transparent, accountable, and ethical manner, providing customers with reliable and responsible AI solutions for contract analysis.

What other certifications does Evisort hold besides ISO 42001?

In addition to ISO 42001, Evisort holds certifications for ISO 27001 (information security) and ISO 27701 (privacy), and has undergone annual SOC 2 Type 2 examinations since 2019.

When did Workday (WDAY) announce its intention to acquire Evisort?

Workday, Inc. (NASDAQ: WDAY) announced its intention to acquire Evisort on September 17, 2024.

What unique AI development has Evisort recently announced?

In 2023, Evisort announced the development of the first large language model (LLM) specifically designed for contracts, aimed at enhancing the accuracy, scalability, and reliability of its AI-powered platform.

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