Drive Efficient Contract Management Experiences with Aavenir Avy AI
Aavenir Contractflow, now supercharged with secure Generative AI capabilities, can comprehend contracts, generate clause(s), identify clause deviations, surface context-aware insights, and provide conversational assistance for legal and procurement use cases.
With Generative AI and Machine learning (ML) embedded into the core of our solutions, Aavenir now offers the most advanced Generative AI features to enhance workflows, analytics, and user experience. From Procurement and Sales to Finance and others, every business function can use Aavenir AvyAI to effortlessly draft, review, and manage thousands of contracts, from start to finish.
Ask Intent-based Questions
Generate Contract Clauses
Simplify Contract Text
Ask Intent-based Questions
More than just a chatbot, Avy AI comprehends your contracts and provides intent-based answers to complex questions asked by legal, procurement, and non-legal teams. This helps save time by uncovering hidden insights in contracts.
Create Contract Clauses that Comply with Regulatory and Company Standards.
AvyAI AI empowers legal, procurement, and non-legal teams to replace existing clauses or generate new safer contract clauses that comply with internal standards, industry/geography regulations, and previously executed contracts.
Simplify Contract Text for Better Understanding
Avy AI can help simplify long and complex contract language for a quick overview of any contract clauses, terms, or obligations.
AI Contract Data Extraction
Extract Key Contract Information Automatically
Third-Party Contract Import
AI-powered OCR scan automatically extracts all essential metadata such as contract parties, dates, contract values, payment terms, and more to save time and reduce the risk of manual data entry errors.
Categorize and Store Contracts into a Hierarchy
Aavenir AI can automatically categorize contracts into a hierarchy based on contract type, vendor type, vendors, and/or business function for easy search and retrieval.
Legacy Contract(s) Migration
Import and digitize a large volume of legacy contracts lying in shared repositories, ERP, and emails at one go on a unified ServiceNow Platform, using NLP and trained LLM models.
AI Contract Review
Review and Redline contracts 70% faster
Detect Clause Deviation
Let AI review and identify contract clauses that do not meet your company’s standard of acceptance based on legally approved libraries, playbooks, pre-negotiated similar contracts, and prior versions of the same contract.
Identify Missing Clauses.
Aavenir AI works as an “always-on” AI assistant that identifies missing clauses and suggests contextual terms and clauses for your new and recurring contracts based on geography, type of vendor, type of business need, and value of the contract.
Generate New and Alternate Safer Clauses.
Powered by a Generative AI, Aavenir AvyAI can generate new and alternate safer clauses based on intent and prompt with speed, ease, and precision to bridge any deviation gaps.
AI Contract VISIBILITY
Smart Search across All Contracts Instantly
Full-text Contract Search
A Google-like search experience powered by Natural Language Processing (NLP) easily finds contracts based on phrases, keywords, and simple sentences.
Conversational Contract Search
Ask Questions to the AvyAI Assistant and find contracts that are impacted due to changes in business operations, regulatory requirements, company policies, pandemics, and any such events across the contracts.
Proximity Search
Search for contracts and contract clauses containing keywords near one another. For example: Identify contracts that contain ‘force majeure’ and ‘pandemic’ within 50 or 100 words of each other.
AI Contract Compliance
Extract Obligations Automatically and Manage Compliance
Automatic Obligation Extraction
Extract key obligations like ITSM SLAs, Vendor KPIs, and Payment Schedules, and assign them digital workflows for timely fulfillment.
Auto-classify and Categorize Obligations
Aavenir AI can automatically categorize types of obligations such as ITSM SLAs, GRC Checklist, Vendor KPIs, and Accounts Payable. Obligations can be automatically assigned for fulfillment workflows across departments to ensure contract compliance.
AI-Supercharged Obligation Compliance Workflows
Infuse AI-powered risk insights and suggested actions directly into existing obligation workflows for more savings and enforce compliance.
Experience the Future of Contracting with Aavenir AI
For those organizations that have deployed AI technology within their contracting process, the data highlights a significant potential for reshaping the contracting landscape.
68%
Time Reduction of Contracting Lifecycle
5x
Number of Risks Discovered
38%
Cost Savings with AI-Powered Negotiations
Data Source: WorldCC July 2023 Report on "AI in contracting: an untapped revolution"
FAST, ACCURATE AND SECURE
Why Enterprise Trusts Aavenir AI
Enterprises across the globe leverage Aavenir AvyAI to automate manual tasks, accelerate contract cycles, manage compliances, and gain visibility with contextual contract insights.
>90% Accuracy
Informed by millions of legally verified contracts, Aavenir AI comes with out-of-box intelligence and continuously learns from your contracts to provide results with the utmost accuracy and relevance.
Built on Aavenir's Proprietary LLM
Built on Aavenir's own proprietary legal Large Language Model (LLM), Aavenir offers right-sized, pre-trained AI models that can be easily fine-tuned for your unique legal and procurement use cases.
Enterprise-grade Security
Aavenir AI supports SOC2 type 2, GDPR, and other compliance to security protocols so your data is secure. Zero-retention APIs and dedicated servers mean that none of your data is sent to train LLMs.
See How Aavenir Avy AI Capabilities Work for Your Contracts.
Request a LIVE personalized demo to see how AvyAI can help you eliminate manual processes, reduce risks, and accelerate contract turnaround.
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