Workday Introduces New Custom AI Model Library to Power Smarter, Faster Contract Reviews

Rhea-AI Summary

Workday (NASDAQ: WDAY) announced a new Custom AI Model Library for its Contract Intelligence Agent, powered by Evisort, on October 22, 2025. The library includes more than 120 pre-built AI models trained to identify clauses, risks, line items, and terms across HR, Finance, Legal, IT, and Sales.

Models are pre-trained and deployable immediately, with optional no-code refinement via customer feedback. Capabilities highlighted include clause summarization, financial-data extraction, privacy/security term analysis, lease-term extraction, and sales-agreement insights that can be shared with CRMs.

News Market Reaction

-1.16%

1 alert

-1.16% News Effect

On the day this news was published, WDAY declined 1.16%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

With 120+ Pre-Built AI Models, the Workday Contract Intelligence Agent Helps Customers Quickly Analyze Contracts, Flag Risks, and Gain Insights Across HR, Finance, Legal, IT, and More

PLEASANTON, Calif., Oct. 22, 2025 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people, money, and agents, today announced a new Custom AI Model Library for the Workday Contract Intelligence Agent, powered by Evisort. The library includes more than 120 pre-built AI models trained to identify key clauses, risks, line items, and terms in contracts — from HR agreements to vendor contracts to sales deals. By giving organizations access to these specialized models, Workday is enabling faster contract reviews, earlier risk detection, and significantly less manual effort.

The Workday Contract Intelligence Agent already helps legal and business teams make smarter decisions by reviewing contracts at scale to flag risks, track obligations, and uncover opportunities. With the addition of the Custom AI Model Library, customers can now automatically analyze a wider range of contract terms — from employment agreements and vendor security clauses to payment schedules, data privacy obligations, and renewal provisions — across HR, Finance, Legal, IT, and Sales. The new models are pre-trained and ready to deploy, but customers can also refine them further by simply providing feedback — no coding required.

"AI in the enterprise often delivers piecemeal automation without true transformation," said Jerry Ting, vice president, head of agentic AI & Evisort, Workday. "We aren't just adding features; we are giving our Contract Intelligence Agent new skills that help solve real business problems. Our goal is to make deep, complex contract analysis fast and actionable for every team."

The Custom AI Model Library delivers a deeper level of contract analysis by enabling models to summarize, calculate, and classify key terms — turning complex documents into actionable insights. With these new models, teams can:

• Summarize complex employment terms, like non-competes, in plain language and connect them across systems.
• Identify and extract financial details such as dates, amounts, and addresses to enable faster, more accurate invoice processing.
• Analyze terms related to data privacy, security, access, minimization, and deletion across a range of contract types.
• Extract lease agreement terms such as square footage, property tax requirements, and rights of first refusal, and summarize detailed repair and maintenance obligations.
• Analyze terms from sales agreements like publicity and logo rights, included products and services, and uplift on renewals — and share them with CRMs.

For more information

• Learn more about Evisort's AI-powered contract intelligence and contract lifecycle management solutions available through Workday here.
• Visit the Workday Marketplace to learn more about our contract intelligence agent here.

About Workday
Workday  is the enterprise AI platform for managing people, money, and agents. Workday unifies HR and Finance on one intelligent platform with AI at the core to empower people at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver outcomes that matter. Workday is used by more than 11,000 organizations around the world and across industries – from medium-sized businesses to more than 65% of the Fortune 500. For more information about Workday, visit workday.com.

© 2025 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday's plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.

View original content to download multimedia:https://www.prnewswire.com/news-releases/workday-introduces-new-custom-ai-model-library-to-power-smarter-faster-contract-reviews-302590543.html

SOURCE Workday Inc.

FAQ

What did Workday (WDAY) announce on October 22, 2025 about contract AI?

Workday announced a Custom AI Model Library with >120 pre-built models for its Contract Intelligence Agent, powered by Evisort.

How do the new Workday WDAY models improve contract reviews for legal and business teams?

They enable faster reviews by summarizing clauses, flagging risks, extracting dates/amounts, and classifying obligations across contract types.

Can Workday (WDAY) customers customize the new contract AI models without coding?

Yes — the models are pre-trained and can be refined by customers through feedback without writing code.

What contract types and terms do Workday's new models cover for WDAY customers?

They cover employment, vendor, lease, sales, and privacy/security terms, including payment schedules, renewal provisions, and rights of first refusal.

Will Workday's contract insights integrate with CRM systems under the WDAY offering?

The announcement says sales-agreement insights can be shared with CRMs to surface publicity, included products, and renewal uplift details.