▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...

Aavenir Elevates Sourcing and Contracting with New Generative AI Capabilities on ServiceNow

#AI--Aavenir, a visionary leader in connected contract management solutions on the ServiceNow platform, announces a series of groundbreaking enhancements to its flagship solutions, Aavenir Contractflo...

Business Wire

MCKINNEY, Texas: #AI--Aavenir, a visionary leader in connected contract management solutions on the ServiceNow platform, announces a series of groundbreaking enhancements to its flagship solutions, Aavenir Contractflow and Aavenir RFPflow, set to reshape the Source-to-Contract landscape.

These transformative innovations are poised to enhance negotiations and amplify the connected contract management experience while boosting vendor performance.

Aavenir Contractflow, harnessing the power of Generative AI, provides comprehensive insights into contractual deviations, facilitating risk mitigation and ensuring contract compliance. Furthermore, Aavenir introduces an industry-first feature: a Generative AI capability that creates dynamic and safer contract clauses based on intent, thereby reducing deviation discrepancies and associated clause and contract risk. The latest Generative AI capabilities further enhance previously introduced and widely adopted features, such as term and clause extraction, in addition to an AI-powered Natural Language Smart Search.

The enhancements in Aavenir RFPflow deliver substantial cost savings through the introduction of flexible and advanced pricing comparison and analysis. These enhancements simplify the negotiation process ensuring optimal outcomes, making it easier than ever to secure the best value from suppliers. Additionally, new capabilities in RFPflow power supplier evaluations by benchmarking supplier performance against existing contracts, obligations and KPIs, enabling well-informed award decisions that are not only efficient but also optimized for savings.

Sunil Masand, Senior Vice President of Product, stated, "Aavenir possesses the capability to not only solve for today’s CLM use cases with our proprietary and accurate AI models, but also continuously enhance their precision to solve for legal and procurement use cases of tomorrow - a unique advantage that will set us apart from the majority of CLM providers."

Jesal Mehta, CEO and Founder, added, "Our meticulously designed solutions foster connected experiences across processes and departments within ServiceNow, wherein Generative AI acts as a catalyst, accelerating Sourcing and Procurement operations to drive efficiency and elevate overall business value."

For deeper insights into these groundbreaking developments or to explore Aavenir Suite’s avant-garde contract management solutions, please contact Aavenir experts.

About Aavenir

Aavenir helps enterprises maximize ROI with AI/ML-powered Source-to-Contract applications on ServiceNow, comprising Sourcing Management, Onboarding Workflow Management, Contract Lifecycle Management, Contract Obligation Management, Accounts Payable Automation, and Collaboration Workflow using portals.

Visit the website: aavenir.com


Marketing & Communications Team, Aavenir

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

Displaid selected by Bravo Innovation Hub

Displaid is a monitoring-as-a-Service startup that improves the management of infrastructure networks by identifying the types of damage in advance.

Lottomatica Group buys SKS365

Through the deal, Lottomatica would become the outright largest omnichannel gambling group in the Italian market.

Italian Apio for the cocoa supply chain in Africa

Apio revealed his blockchain platform at the Eurochocolate fair in Perugia (Italy).

Siav Group of Italy for the first time at Gitex in Dubai

The Enterprise Content Management company presents its international strategy along with the new Siav Connect platform and Checker app

Most read

VPN Black Friday & Cyber Monday Deals 2023: Top Surfshark, ExpressVPN,…

Compare the top VPN deals for Black Friday and Cyber Monday 2023, including all the best Surfshark, NordVPN, ExpressVPN, CyberGhost VPN, Ivacy VPN, and…

HARMAN Acquires Roon, a popular Multi-Device, Multi-Room Audio Technology…

HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer, and enterprise markets,…

Salesforce and AWS Expand Partnership for Customers to More Easily Build…

At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Salesforce, the #1 AI CRM (NYSE: CRM), today announced a…

The 5th World Science and Technology Development Forum Opens in Shenzhen

On the November 24, the 5th World Science and Technology Development Forum (WSTDF) opened in Shenzhen, Guangdong. Chairman of the China Association for…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!