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News · January 30, 2024

Aavenir unveils Avy, the generative AI assistant for connected contract management

Ask a contract a question, in plain English, on ServiceNow. By Sonal Mehta.

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The announcement

McKinney, Texas, January 30, 2024. Aavenir announced the launch of Avy, a generative AI assistant for legal and procurement teams working on ServiceNow. Aavenir AI runs on Aavenir's own large language model, built on an open source model and trained on thousands of contracts.

The aim was simple: help teams understand contracts faster, read clauses with confidence and get answers without searching through long documents.

What Aavenir AI does

  • Suggests safer clause language. Based on a summary of how a clause deviates from your standard, Aavenir AI proposes safer wording and points out potential risks, which speeds up negotiation.
  • Answers questions about a contract. Legal and business users can ask questions such as “Is this contract HIPAA compliant?” or “Can we terminate this contract immediately?” and find hidden obligations quickly.
  • Explains clauses in plain English. Aavenir AI turns dense, verbose clause language into wording that people outside legal can follow.

A person reviews and approves every AI result. Read more about Avy.

In their words

“The unveiling of Avy AI reaffirms Aavenir’s commitment as an AI-first company,” said Jesal Mehta, CEO and founder of Aavenir.

“It comprehends contracts, understands legal language, and enhances the overall user experience by providing unparalleled insights into contracts and connected data,” said Sunil Masand, senior vice president of product at Aavenir.

The original release ran on Business Wire.

About Aavenir

Aavenir is an enterprise contract intelligence platform for procurement, legal, IT, finance, and sales teams. Aavenir AI reads every agreement an enterprise has signed, Aavenir Atlas answers questions across the whole portfolio, and its apps act on contract terms from sourcing to payment, natively on ServiceNow or standalone. About Aavenir.

Schedule a demo

See your contracts run on one record.

  • 1 A 30 minute walkthrough Built around your team, whether that is procurement, legal, IT or finance.
  • 2 Your contracts, not ours Bring a few sample agreements and watch Aavenir AI extract and review them.
  • 3 ServiceNow or standalone We show the deployment that fits the systems you already run.

Prefer to talk first? Contact the team.