Aavenir announces ComplianceNext, an Agentic AI compliance solution that automates vendor and contract compliance screening for effective risk management.
MCKINNEY, Texas - Aavenir today announced the launch of ComplianceNext, its next-generation AI-powered compliance solution that performs real-time document compliance screening across regulatory policies, internal controls, and risk remediation actions.
Powered by purpose-built AI Agents, Aavenir ComplianceNext ensures fast, accurate compliance checks across contracts, certifications, and vendor documents for compliance managers, legal and procurement teams, and IT and cybersecurity teams across industry verticals.
"From cyber threats to supply chain volatility, today's heightened risk landscape has elevated risk management to a top priority, leading enterprises to harness the power of AI to manage risk and an opportunity for Aavenir to deliver game-changing Agentic AI solutions," said Jesal Mehta, Founder and CEO, Aavenir.
ComplianceNext orchestrates specialized AI Agents that discover regulatory provisions applicable to contracts and vendors, perform compliance verification screening, identify non-compliance gaps and risks, and execute corrective risk actions. The solution offers robust non-compliance risk dashboards and audit logs that can be integrated into broader TPRM and Enterprise Risk Management solutions for consolidated risk views. "Aavenir ComplianceNext brings together the power of AI Agents into contract and vendor risk management workflows to enable our customers to drive proactive, strategic compliance and risk management into true competitive advantage," added Sunil Masand, SVP, Product at Aavenir.
ComplianceNext: Key Impact and Outcomes
- 10X faster compliance screening – from weeks to days
- 80% faster risk remediation
- 88% improvement in contract pre-signature risk detection
- Millions saved in non-compliance penalties and audit costs
Aavenir, built on the ServiceNow platform, is an enterprise-grade SOC2 Type II and ISO 27001 certified solution. Aavenir ComplianceNext offers scalable pre-built workflows and libraries spanning 100+ regulations across DORA, FATCA, GDPR, FCPA, cybersecurity policies, and more, enabling accelerated value realization in days.
The solution integrates into existing enterprise CLM and vendor onboarding solutions, as well as GRC and third-party risk management (TPRM) platforms.
For more information, read Aavenir's ComplianceNext Product Brief.
About Aavenir
Aavenir is a trusted provider of Generative AI Contract Lifecycle Management (CLM) solutions. Built on the ServiceNow platform, Aavenir offers RFP management, vendor onboarding, and contract management solutions that optimize and strengthen visibility and compliance across Source-to-Pay and Lead-to-Cash processes. To learn more, visit: aavenir.com
Media Contact
Aavenir Marketing & Communications Team
Originally published in Business Wire.
