Generative AI is ushering in transformation across industries and rapidly making its way towards powering contract management processes.
Step into the future with an engaging discussion on applying Generative AI to contract management processes on the ServiceNow platform. Witness a live demo where we will walk you through practical use-cases, showcasing how you can quickly implement Generative AI solutions to solve your real-world contract management challenges.
In this LinkedIn Live Webinar, participants will:
This webinar is for procurement and legal professionals that are looking to substantially accelerate their contracting processes while drastically reducing third-party contract risk.
Despite following rigorous processes to streamline invoice receipt, scan and match them with POs and follow approval processes, you may not be ‘audit-safe.’ Auditors identify potential financial fraud, scam attempts, and compliance discrepancies against contracts. Accounts payable audits (AP audits, i.e., invoice audits and reviews) share the moment of truth of improper information and accuracy against contracts that can cost companies millions of dollars.
A study by the Aberdeen Group found that a company's average cost of overpayments can be over $100,000 per year. A manual invoice audit can cost anywhere from $50 to $200 per invoice. Post-audit follow-ups also incur additional costs, such as time spent on resolving discrepancies, supplier negotiation, and legal fees.
Disconnected Source-To-Pay processes and manual invoice processing can lead to:
At Aavenir, we understand the need to implement a comprehensive invoice audit and review process that aligns with multiple functions across the enterprise.
Watch our exclusive webinar to see how Aavenir’s AI-driven Invoiceflow solution connects across Source-To-Pay processes and boosts efficiency, financial control, vendor relationships, and compliance, reducing the risk of fraud.
The session is designed for CFOs, VP Finance, AP managers, Legal, Contract Management, and Procurement teams interested in
Contracts are the heart and soul of businesses and define arrangements and obligations between you, your customers, and your vendors. You already know the value of a robust CLM solution to your contract management process and legal teams. But are you seeking greater value from your CLM solutions? The value that hugely benefits your upstream and downstream processes like sourcing, procurement, payments and invoicing, governance and compliance, and delivers outcomes across your enterprise never imagined before?
A ‘connected contract management experience’ can bridge gaps between people, processes, and systems that organizations struggle with and deliver far-reaching value aligned with business objectives. It enables tracking and monitoring of productivity, risk, cost, and revenue KPIs that spread across multiple functions within the enterprise.
Watch this one-hour interactive session and hear from Aavenir’s Contract Management and Source-To-Pay experts on maximizing outcomes with the connected contract management experience.
In this 60-minute LIVE session on how a Connected Contract Management Experience can boost S2P outcomes, attendees will also see a demonstration of Aavenir’s AI-driven connected contract management solution and learn:
For data-driven organizations, simple contract management systems won’t solve complex vendor & contracting problems. Are you able to extract key high-risk clauses that counterparties introduced in agreements they sent to you? Or is your contract management system capable of assisting in contract reviews and providing relevant contract insights using AI?
McKinsey & Company reports that 90 percent of annual revenue across industries is documented in contracts. Increased contract automation can help in frictionless contract approvals and collaborative communications, but are you leveraging the power of AI to its fullest?
Even though contract management organizations are aware of ML & AI, they are yet to unleash the full potential of what AI has in store for many different use cases, including the 3Es:
Organizations are exploring artificial intelligence (AI) to author, execute, and manage contracts, but are unable to extract the full potential of AI & machine learning technology to transform business outcomes.
Watch this 30-minute webinar and demo to learn more about defining a path to AI-driven contracting excellence in your CLM journey.
In this webinar, you will learn:
Get started with your AI-driven Contract Management transformation journey!
Register Today!
The struggle of invoice review and approval is not new for AP, Procurement, and Legal teams. Manual and outdated automation of invoice and claims processing and verification results in less breathing space and greater errors, leading to prolonged review and payment cycles, spend leakage, and compliance risk.
Did you know that around 3.6% of manually entered invoices include an error caused by data entry? On an average, AP automation can reduce your invoice processing times by 75%.
Compromised automation and invoice processing introduce
At Aavenir, we understand the need for faster and more accurate invoice processing and simplified invoice collaboration with vendors.
Join our exclusive webinar on 19th October 2022, and find out how Aavenir’s AI-driven Invoiceflow solution can help you overcome invoice processing and review headaches, and streamline vendor communication with collaboration portals.
The session is designed for CFOs, VP Finance, AP managers, Legal and Procurement teams focused on
Get started with your Invoice Processing transformation journey. Watch Now!
Onboarding vendors is an essential process that all organizations undertake. But adding new vendors brings risks and inefficiencies, which increase with compromised approaches and result in chaotic vendor management. Accurate vendor management starts with proper onboarding and registration of suppliers. Onboarding and managing suppliers has never been easy, and old-age methods combined with decentralized approaches fail to scale to today’s market-driven agility demands caused by supply-chain disruption.
72% of organizations have manual supplier onboarding processes, whereas 36% of CPOs said that suppliers fail to meet new requirements.
Join Aavenir for an insightful LIVE session as our experts dig into why automating supplier onboarding and adopting vendor management portals is a win-win for you and your suppliers. In this webinar, you will learn how you can drive efficiency, boost vendor performance, and manage vendor risk with centralized vendor onboarding and collaboration across Source-To-Pay processes.
This session is for Procurement, Sourcing, Contract, Finance, and IT Teams focused on
Vendor management starts with proper onboarding and registration of suppliers. Onboarding and managing suppliers have never been easy, and old-age methods combined with decentralized approaches fail to scale to today’s market-driven agility demands caused by supply-chain disruption.
72% of organizations have manual supplier onboarding processes, whereas 36% of CPOs said that suppliers fail to meet new requirements.
Join SIG and Aavenir for an insightful session as we dig into why automating supplier onboarding and adopting vendor management portals is a win-win for you and your suppliers. In this webinar, you will learn how you can drive efficiency, boost vendor performance, and manage vendor risk with centralized vendor onboarding and collaboration across Source-To-Pay processes.
This session is for Procurement, Sourcing, Contract, Finance, and IT Teams focused on
Win back 60% of the legal time by automating with the #1-rated contracting obligation management platform for ease of use.
In every signed contract each contracting party is committed to the undertaking or performing obligations.
However, identifying and managing hundreds and thousands of such obligations across numerous agreements can be painful and daunting. Obligations pertaining to contracts come in all shapes and sizes that span across various milestones with deliverables, quality, security, audit, and regulatory requirements.
Are you facing contract performance and compliance events like:
Join us for an engaging, practical session on how you can implement an effective AI-based obligation management solution to manage contract performance and drastically reduce non-compliance risk.
This session is for Legal, Procurement, Sourcing, IT and Compliance Teams focused on:
To Explore how Aavenir can help achieve compliance and obligation management: