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.
17 Dec 2020 9 am PT | Achieve Holistic Vendor Risk Management with ServiceNow and Aavenir
Modernize the Organization's Approach to Obligations Management
for vendors, customers, employees, and all enterprise departments
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.
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.
Easily imports enterprise-wide contracts for Legal, Sales, Procurement, HR, IT, and Finance, etc. from Aavenir Contractflow, Now Platform® Products (GRC, Legal Services, Vendor Management, etc.), CRM, ERP, or Risk Management System through integration hub
Auto-extract contract attributes, terms & clauses, SLAs, payment milestones, delivery timeline, operational or general compliances, and risk attributes based on location, spend, sales volume, etc. Validate the auto-discovered obligations and make the required changes.
Create and assign obligation fulfillment actions for relevant stakeholders using a workflow engine. Automate email notifications and reminders for stakeholders and counterparties on non-performance/ performance delays of obligations fulfillment.
Aavenir Obligactionflow extends the capabilities of Aavenir Contractflow on Now Platform®, the world’s most innovative digital workflow platform
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®.