AI-enabled Contract Management — Can It Transform The Education Industry?

Can universities streamline student services, eliminate manual processes and centralize document repository? Indeed, they can! Contract management solutions can efficiently track critical milestones and provide automated alerts and tools that let users schedule notifications as needed. Universities can transform the way they operate with the help of contract lifecycle management solutions.

How can universities gain greater control, improve processes and optimize workflows with contract lifecycle management solutions?

The procurement process in many educational institutions is inefficient, difficult to monitor and manage, and does not deliver the best deal. The stress of dealing with multiple suppliers from different countries needs attention. Sourcing is often a long, tedious process that is prone to error. Each supplier has its own unique and sometimes conflicting requirements and regulations.

In all, contract management for universities is one of the most expensive, cumbersome, and time-consuming tasks. Aavenir’s contract management software is a solution to this problem. Aavenir offers a web-based software platform that helps colleges and universities manage their entire contracts and agreements process.

• AI-enabled contract management solutions can monitor the process in real-time, saving you time and money. It can help implement a streamlined procurement process which will greatly improve efficiency and effectiveness.
• Aavenir Contractflow helps you manage your business in a much more efficient and effective way. Using contract templates, with standardized language, this procurement and sourcing software reduces the time spent behind vendor management.
• Contractflow offers a centralized hub to manage all of the signed contracts through their lifecycle. This includes ensuring accurate and timely contract data entry, tracking and monitoring contract performance, ensuring compliance with contract terms, managing contract renewals, and efficiently managing the process of drafting and signing new contracts or agreements.

Aavenir’s Contractflow, AI-enabled contract lifecycle management software, which is used by some of the most prestigious universities in the world, manages the most complex purchasing processes with ease. — Read success story, John Hopkins University unified Contract Management with sourcing On ServiceNow