Revolutionize Your Contract Management Experience with Aavenir Contractflow

Aavenir Contractflow is an AI-driven contract management solution built on the ServiceNow platform, designed to address the challenges faced by businesses in managing thousands of contracts and contractual obligations. By automating and streamlining the entire contract lifecycle, Aavenir Contractflow empowers enterprises to overcome inefficiencies, reduce risk exposure, and ensure consistency across departments. This innovative solution offers an array of features and benefits that differentiate it from competitors in the procurement and sourcing market.

Key differentiators of Aavenir Contractflow:

1. AI-driven Contract Management Solution: Aavenir Contractflow leverages artificial intelligence to standardize and automate contract creation and the end-to-end contract lifecycle. This enables legal teams to ensure standardization of clause libraries and pre-approved templates, while procurement and sales teams can reduce negotiation bottlenecks and collaborate efficiently with vendors, partners, and customers.
2. Built natively on ServiceNow: Aavenir Contractflow is built on the industry-leading ServiceNow platform, offering a unique SaaS solution that provides ease of use, simple administration, rapid deployment, and immense flexibility to meet all contracting needs. This integration delivers a seamless connected contract management experience across procurement and revenue operations processes, with pre-built workflows and packaged integrations.
3. Powerful Configurator: Aavenir Contractflow allows users to quickly create any type of contract using templates, playbooks, and clause libraries. The solution also offers a configurable role-specific homepage with guided actions, reports, and widgets to enhance productivity.
4. Legal and Regulatory Playbooks: With drag-and-drop functionality, users can create playbooks for primary, alternate, and fallback clauses using pre-built contract templates and clauses with multi-language support. AI-driven clause deviation insights and recommendations further support negotiations.
5. Centralized Repository: Aavenir Contractflow provides a secure, scalable contract repository that enables quick search, AI-assisted smart search, and proximity search. This centralized system digitizes legacy contracts, allowing for easy access and management.
6. Configurable Lifecycle Workflows: The platform automates contract request, authoring, negotiation, approval, renewal, amendment, and execution with rules-driven conditional workflows. Users can define sub-processes, sub-statuses, lifecycle actions, and alerts to ensure a smooth contract management process.
7. Real-time Collaboration and Redlining: Aavenir Contractflow supports collaborative negotiation (redlining) and review of contracts, with real-time tracking of changes.
8. Pre-Built E-Signature Adapters: The solution offers packaged integrations with DocuSign and Adobe Acrobat Sign, making it easy to manage e-signatures within the Contractflow application.
9. Advanced Contract Data Management: Aavenir Contractflow integrates with Office 365, enabling users to capture milestones, payment schedules, complex pricing, budget and fee structures, SLAs, and performance criteria as rich data. The Microsoft Word plugin simplifies check-in, check-out, and version comparison of contracts.
10. Dashboards and Metrics: With over 30 ready-to-use contract reports, Aavenir Contractflow provides insights into contract performance and usage, addressing visibility into contract history, versions, and actions.

By addressing challenges such as tracking thousands of contracts, reducing inefficiencies, minimizing risk exposure, and improving collaboration across departments, Aavenir Contractflow stands out in the procurement and sourcing market. Its AI-driven features, ServiceNow integration, powerful configurator, and array of value drivers make it the ideal choice for businesses seeking a cutting-edge contract management solution.

Aavenir is an elite ServiceNow partner and will be presenting its newly released capabilities at ServiceNow’s Knowledge2023 conference.

Learn More About Aavenir Sessions at ServiceNow Knowledge 2023:

Maximize ServiceNow ROI with Aavenir’s AI-enabled Connected Contract Management

Best practices from the real world: Unlocking contract potential