With this strategic alliance, Aavenir will further harness the power of ServiceNow for delivering enterprise-class, ML-enabled Procure-to-Pay (P2P) Solutions to digitize enterprise procurement activities on the ServiceNow platform.
Santa Clara, CA – Aavenir today announced a strategic partnership with ServiceNow (NYSE: NOW), Forbes’ No. 1 World’s Most Innovative Company in 2018, making work, work better for people. ServiceNow product portfolio transforms old, manual work processes into modern digital workflows that drive great experiences and unlock the productivity of IT, Employee, and Customer of approximately 5,400 enterprises worldwide, including almost 75% of the Fortune 500.
Aavenir ushers in a new era of workplace productivity in the domain of procurement to payment workflows within organizations of any size. With this partnership, Aavenir plans to deliver seamless procure-to-pay experiences across all customer, IT, and employee touchpoints.
Aavenir expects to launch a procure-to-pay solution portfolio starting with Contract Lifecycle Management (CLM) and Account Payable (AP) Automation applications for the ServiceNow Platform. The entire suite of the procure-to-pay solution is built with predictive intelligence capability and finely tuned ML models that automatically categorize, authorize and route documents and alerts to the right teams, along with associated risks of action or inaction. The solution also offers some disruptive features like chatbots, auto email sync, auto field extraction from documents.
“During enterprise procurement activities, customers demand intuitive User Experience (UX), and ML-drive recommendations in addition to digitizing workflows for real-time data access, automation, and analytics in a unified platform.” said Jesal Mehta, Founder and CEO, Aavenir. “This partnership will help us understand ServiceNow’s future enhancement plans to further excel Aavenir P2P solution capabilities and its integrations with other ServiceNow apps for customer, finance, HR, IT, Security, and Legal services.”
As a ServiceNow technology partner, Aavenir will help their mutual customers in extending ServiceNow platform capabilities with intelligence-driven procure-to-pay solutions, including Contract Lifecycle Management (CLM) and Accounts Payable (AP) automation application.
About Aavenir
For years, the team behind Aavenir is committed to creating business solutions for the future. Aavenir’s next-gen Procure-to-Pay suite revolutionizes age-old procurement processes by using the latest Machine Learning and Natural Language Processing technologies to reduce cycle time, yet offering insightful best practices suggestions based on historical data. For example, Aavenir’s Contract Lifecycle Management (CLM) solves the hardest text analytics problems for risk and obligation management while, Accounts Payable (AP) automation solves multi-vendor invoice processing problems by harnessing the power of AI & ML technologies. For more information, visit: www.aavenir.com
About ServiceNow
ServiceNow (NYSE: NOW) is making the world of work, work better for people. Our cloud‑based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. For more information, visit www.ServiceNow.com.
ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.
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