Managing vendor risks has never been simpler. With Aavenir Contractflow’s seamless integration with ServiceNow VRM, bid farewell to cumbersome manual processes and embrace a unified approach to risk management throughout your organization. Watch our video to witness unified risk, compliance, and contract management.
Product Category: Contract Lifecycle Management
Guide to Maximizing Contract Visibility and Expediting Information Access
In most organizations, once contracts are signed, they are dumped into email inboxes, shared drives, or local contract repositories. Searching across large volumes of siloed contract information is a hefty task and often lead to missed contract lifecycle milestones, resulting in revenue leakage, and strained vendor and customer relationships.
- Almost 7 in 10 contract managers are searching for completed contracts at least once a week and 23% perform that task daily.
- Finding specific terms and clauses in a single contract takes more than 2 hours on average.
- Two-thirds of teams are still using spreadsheets and emails to manage agreements.
Contracts are the heart of entire organization and not just legal. Business operations like procurement, IT, finance and sales often need to access and identify contract information to ensure compliance of their processes with signed contracts. Hence, the need to search contracts is not limited to only legal contract managers alone.
Discover the True Value of Connecting Accounts Payable Automation and Contract Management on ServiceNow
According to Gartner’s Magic Quadrant for Source-To-Pay Suites, customers are demanding fully integrated contract management and AP Automation solutions that reduce errors and magnify value of the single integrated solution. Explore the benefits of integrating your Accounts Payable Automation with your Contract Management solution. Watch our video to see a unified view of invoices and contracts, demonstrating how this connected solution conducts real time invoice audits, prevents spend leakage, and monitors contractual obligations—all within a single platform.
