Workday's new contract workflow agent

Workday launched the Contract Workflow Agent in early access to automate the entire contract lifecycle, from creation through renewal, rather than just individual contract tasks.

89% of firms lose money to auto-renewing contracts

A Workday survey of nearly 7,000 professionals found that 89% of organizations routinely absorbed financial losses from vendor contracts that auto-renewed without anyone noticing.

Agent handles creation through compliance

The Contract Workflow Agent supports contract creation, negotiation, execution, management, compliance, and renewal as part of Workday's Contract Lifecycle Management platform.

Beginning of agentic CLM era

Workday describes the Contract Workflow Agent as the start of a new era of agentic contract lifecycle management, with more major enhancements coming to the CLM platform.

“beginning of a new era of agentic CLM”

Embedding agents into business workflows

Workday's approach embeds AI agents directly into the workflows that run the business, rather than treating AI as a separate tool employees use alongside their work.

Automating manual contract work

The overall goal is to automate manual contract management work and connect those tasks with broader business workflows across the organization.