Obligationflow

Contractual Compliance Management Software Built on ServiceNow

AI-enabled contractual obligation compliance management system delivering 3600 visibility into the state of compliance of all your contractual obligations across your organization.

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A Smarter Approach to Raise Contractual Compliance and

Foster Better Relationships with Vendors and Customers

After an arduous process to draft and execute the contract, companies often fail to review and enforce terms on a regular basis. Aavenir Obligationflow software can help achieve value beyond the contract’s original scope by clearly defining deliverables / KPIs, specifying responsibilities for each stakeholder, and establish a clear governance structure for reporting and performance monitoring. 

Improve-Productivity

Improve Relationships

Define actions to manage delivery milestones and compliance requirements for customers. Ensure that the vendor is following all SLAs / KPIs that are mentioned in the contract. 

Lower Supply Cost

Reduce Revenue Leakage

Reduce chances of overpayments, overpricing, and significant financial losses that occur due to disputes or non-compliance to regulatory and general obligations.

Increase Contract Value

Identify repetitive business opportunities while fulfilling obligations and re-evaluate the non-performing terms and rates to enhance contract language to be more beneficial.

How Aavenir Obligationflow can Improve Compliance to Contracts?

Aavenir Obligationflow can auto-discover key contractual obligations using AI-enabled full-text search capabilities, foster collaboration with the relevant stakeholder via digital workflow, and provide complete visibility obligation compliances via a dashboard on ServiceNow.

Import

Easily import sales, procurement, IT, and other enterprise contracts into Aavenir Obligationflow. Obligationflow also allows real-time or bulk import of existing contracts from Aavenir Contractflow, Now Platform® Products (such as GRC, Legal Services, Vendor Management, etc.), CRM, ERP, or Risk Management System.

Discover

Auto-extract contractual obligations like SLAs, payment milestones, delivery timeline, operational or general compliance requirements, and other attributes using the purpose-built AI engine. Validate the auto-discovered obligations, make the required changes, and bring them on obligation fulfillment workflow.

Obligation Fulfillment

Create and assign obligation fulfillment actions for relevant stakeholders using the most flexible workflow engine powered by ServiceNow. Let all stakeholders be notified via automated emails, take due actions, and fulfill obligations on-time as per expectations.

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Aavenir Obligationflow extends the capabilities of Aavenir Contractflow on Now Platform®, the world’s most innovative digital workflow platform

Built on the Now platform®, Aavenir Obligationflow extends the capabilities of Aavenir Contractflow and offers an easy way to track contractual obligations to ensure the organization's compliance with all contractual relationships with customers, suppliers, employees, and partners.
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See How Companies Like Yours Are Using Aavenir
JHU-Johns-hopkins_logo

One of the America's top 5 private research university unified contract management with sourcing on ServiceNow

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"It was easy to lose track of contract status with 5000-6000 active contracts, which was frustrating for procurement teams eager to go forward with the agreement. JHU required an easy-to-use solution that could centralize contract management while also integrate with existing systems and the ServiceNow procurement services portal. Aavenir surpassed all of our expectations, and its intelligent AI capabilities are a great blessing. Furthermore, automated reminders and notifications at each lifecycle stage cut down on contract turnaround time significantly."

- Matthew Persic,
Director of Procurement Operations at JHU.

Soruce-to-pay

The most trusted manufacturing and services organization gains full control with greater visibility into invoice process

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"Aavenir's understanding of the procure-to-pay procedures, the platform's artificial intelligence capabilities, and their willingness to make adaptations to match our business needs were just a few of the characteristics that piqued our interest. Everyone at Aavenir has been a joy to work with and has been extremely accommodating to our needs. With our old system took so much time to manually validate an invoice; now, with Aavenir, it just takes a few seconds. Furthermore, the Aavenir Invoice approval system improved cross-functional collaboration, resulting in faster approvals and on-time payments."

Greg Rice
Director for Global Applications at T.D. Williamson.

One of the world’s top 10 financial groups

Leading investor services provider creates a single version of truth with secure and centralized contracts

"Our organization was riddled with the challenges of retrieving contracts, monitor SLAs and the key terms, and define financial action plans. We needed a simple solution that can address our complex security concerns with contract storage. Aavenir really helped us reconcile all documents and SLAs per customer. Because it is built on ServiceNow, it offered a quick implementation and we expect it would bring immense visibility into contract management process down the line."

- Director technology business management,
operations & financial manager at the world’s leading finance group.

Soruce-to-pay

Australia’s largest plumbing and bathroom supplier achieves 40% faster contract turnaround time.

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"By implementing Aavenir, Reece was able to standardize contract workflow that was formal and robust, but still flexible and user-friendly. We wanted a faster contract turnaround time, and Aavenir didn’t disappoint. I would absolutely recommend Aavenir for all ServiceNow Customers."

Alison Prior
Procurement Contract Manager, Reece

A Leading Pharmacy Benefit Manager (PBM)

North america-based PBM automated vendor invoice processing with AI-enabled PO matching on ServiceNow

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"Most of the AP automation software center either around invoice data extraction or manage the invoice payments, but the end-to-end invoice processing workflow was not as robust. When we found that Aavenir Invoiceflow can do exactly what we wanted and that too on our IT vendor management platform ServiceNow, Aavenir was the obvious choice.”

IT Vendor Manager at
A leading Pharmacy Benefit Manager (PBM) Company

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Leverage the Latest Artificial Intelligence Technologies and the World's Most Admired Digital Workflow Platform - ServiceNow

Aavenir Obligationflow can extract the contract obligations and streamline the end-to-end obligation fulfillment workflow process for vendor or customer contracts on Now Platform®.

  • ML and NLP-enabled smart engine extracts terms, clauses, risks, and obligations from any contractual document in a single click
  • Self-learning engine to extract the commonly used terms, clauses and obligations
  • Define clear ownership of obligations using workflow leading to higher compliance
  • Automate reminders for the obligation fulfillment through a workflow engine instead of traditional email/excel based approach
  • Leverage insights gained for better outcomes in future contract negotiations and renewals
ObligationFlow

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