MCKINNEY, Texas--(BUSINESS WIRE)--Aavenir, a visionary leader in connected contract management solutions on the ServiceNow platform, announces a series of groundbreaking enhancements to its flagship solutions, Aavenir Contractflow and Aavenir RFPflow, set to reshape the Source-to-Contract landscape.
These transformative innovations are poised to enhance negotiations and amplify the connected contract management experience while boosting vendor performance.
Aavenir Contractflow, harnessing the power of Generative AI, provides comprehensive insights into contractual deviations, facilitating risk mitigation and ensuring contract compliance. Furthermore, Aavenir introduces an industry-first feature: a Generative AI capability that creates dynamic and safer contract clauses based on intent, thereby reducing deviation discrepancies and associated clause and contract risk. The latest Generative AI capabilities further enhance previously introduced and widely adopted features, such as term and clause extraction, in addition to an AI-powered Natural Language Smart Search.
The enhancements in Aavenir RFPflow deliver substantial cost savings through the introduction of flexible and advanced pricing comparison and analysis. These enhancements simplify the negotiation process ensuring optimal outcomes, making it easier than ever to secure the best value from suppliers. Additionally, new capabilities in RFPflow power supplier evaluations by benchmarking supplier performance against existing contracts, obligations and KPIs, enabling well-informed award decisions that are not only efficient but also optimized for savings.
Sunil Masand, Senior Vice President of Product, stated, "Aavenir possesses the capability to not only solve for today’s CLM use cases with our proprietary and accurate AI models, but also continuously enhance their precision to solve for legal and procurement use cases of tomorrow - a unique advantage that will set us apart from the majority of CLM providers."
Jesal Mehta, CEO and Founder, added, "Our meticulously designed solutions foster connected experiences across processes and departments within ServiceNow, wherein Generative AI acts as a catalyst, accelerating Sourcing and Procurement operations to drive efficiency and elevate overall business value."
For deeper insights into these groundbreaking developments or to explore Aavenir Suite’s avant-garde contract management solutions, please contact Aavenir experts.
About Aavenir
Aavenir helps enterprises maximize ROI with AI/ML-powered Source-to-Contract applications on ServiceNow, comprising Sourcing Management, Onboarding Workflow Management, Contract Lifecycle Management, Contract Obligation Management, Accounts Payable Automation, and Collaboration Workflow using portals.
Visit the website: aavenir.com
Contacts
Marketing & Communications Team, Aavenir
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+1-408-554-2656
Originally Published on: BusinessWire
