Aavenir, a leading provider of AI-enabled Source-to-Pay solutions, announces new capabilities to its flagship products, Contractflow and RFPflow that empower Aavenir’s customers to source and contract intelligently. These capabilities include efficiency boosters like real-time contract collaboration, AI-enabled smart search and insights, and pre-built connected workflows with ServiceNow solutions. With these enhancements, Aavenir continues to lead the way in delivering innovative, best-in-class Source-To-Pay solutions.
With this release Aavenir Contractflow’s legal, procurement, and other stakeholders can speed up reviews and eliminate version discrepancies through real-time collaborative authoring and reviewing using MS Office 365, and easily access contracts and embedded contract data from the repository with AI-driven, natural language smart and proximity search.
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The latest release of Aavenir’s product suite enables RFPflow customers to maximize savings by executing price negotiation workflows using built-in flexible pricing grids, shortlisting vendors, and splitting awards across suppliers and product quantities. RFPflow customers can boost supplier collaboration and communication using portals to speed up the submission and evaluation process.
Earlier this year, Aavenir released pre-built workflows connecting processes, data, and insights across its own sourcing, onboarding, contract management, and AP automation solutions. With its latest launch, Aavenir is taking the connected Source-To-Pay experience to a new level by incorporating pre-built connectivity into ServiceNow’s Procurement Services Management (PSM), Supplier Lifecycle Management (SLM), and other solutions such as IT Service Management (ITSM) and Legal Service Delivery (LSD).
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“I am super excited about the elevated ROI our customers can now achieve with our new legal and procurement productivity boosters and the power of Aavenir’s connected experience,” said Jesal Mehta, CEO at Aavenir. “Enterprises spend millions of dollars building expensive integrations and fixing revenue and risk repercussions of disjointed sourcing, contracting, and procurement automation processes. Aavenir’s supplier portals, and sourcing and contract management connectivity with ServiceNow’s procurement, legal, and IT workflows will drastically improve end-to-end collaboration and visibility, accelerating time to value for our customers – all without expensive technical integrations on a single data model platform.”
Aavenir is a ServiceNow Advanced Platform partner and will be presenting its newly released capabilities at ServiceNow’s Knowledge 2023 Conference.
