Automate Sourcing Using RFx on ServiceNow

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Presented by

Russell Seifert

About this talk

The challenge for CPOs, Sourcing, and Procurement Leaders is to fund digitalization while maintaining control over their organization’s procurement costs — even when operating conditions remain highly volatile. Managing RFPs is the first step to achieve procurement excellence, and it is often manual (read Excel, Word, and Outlook-driven) and time-consuming. Sourcing professionals need a smarter way to RFP creation, publishing, and evaluation along with the real-time RFP status analytics to match the increased pace of operations. In this webinar, we will showcase how sourcing, procurement, and vendor management leaders can rapidly and effectively collect vendor responses using RFPflow – a native app built for ServiceNow. What is covered in this webinar? -Importance of cross-functional collaboration in RFP-to-Award Cycle -The role of RFP Software 1) Create RFPs using pre-built questionnaires and RFx templates 2) Collaborate with vendors and internal stakeholders 3) Evaluate and Score RFP responses from vendors -Demo: Aavenir RFPflow on ServiceNow 1) How Digital workflow streamlines end-to-end Source-to-award cycle 2) Implementing a centralized, secure, and full-text searchable repository for supplier queries, RFP templates, and all RFP responses 3) Seamlessly manage the source-to-contract process for any RFP

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Aavenir’s next-gen Source-to-Pay suite revolutionizes age-old procurement processes by using the latest Machine Learning and Natural Language Processing technologies to reduce cycle time, yet offering insightful best practices suggestions based on historical data. For example, Aavenir’s Contractflow - Contract Lifecycle Management (CLM) product solves the hardest text analytics problems for risk and obligation management while Invoiceflow - Accounts Payable (AP) automation product solves multi-vendor invoice data extraction and processing problems by harnessing the power of AI & ML technologies. Aavenir SaaS-based source-to-pay solutions are powered by the most advanced cloud-based ServiceNow platform that is delivering unified digital workflows to create great experiences and unlock productivity for approximately 5,400 enterprise customers worldwide, including Fortune 500 companies. We deliver the future of work! We know that the future of work is changing and we want to be at the forefront of it. Founded in 2019 by experts having more than 25 years of experience in the S2P industry, Aavenir is a start-up that’s growing fast and headquartered in the USA with an office in India. For more information, please visit www.aavenir.com.