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AI-enabled Accounts Payable Automation on ServiceNow

Automation in invoice processing is maturing fast and represents a major source of future value, offering a return on investment that far outweighs its cost. Accounts payable team who work with invoices know the pain points of the manual data entry, managing complex invoice data exceptions, time lost in searching for lost or missing invoices, missing out on payment terms and opportunities, all of which can directly impact bottom-line gains of any organization.

Attend this session to know how T. D. Williamson, the most trusted manufacturing and services organization serving the pipeline industry worldwide for over 100 years, automated its invoice processing using ServiceNow as a key enabler. TDW installed Aavenir Invoiceflow on their existing ServiceNow Platform to automate processing of 70,000+ invoices per year from 5000+ different vendors.

Join us for this webinar to learn

- Role of AI and accounts payable workflow in invoice automation
- How Aavenir Invoiceflow automates invoice processing on ServiceNow
- Real World Success Story: Learn how TDW overcome challenges to:
- Implement a single invoice receiving touch point for AP team
- Automate invoice coding, categorization, and data validation with PO/reciept notes for thousands of invoices
- Process invoices faster with digital workflow for PO/Non PO invoice approvals and exceptions handling
- Gain complete spend visibility using Aavenir dashboard on ServiceNow
Recorded Oct 6 2021 41 mins
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Presented by
Russell Seifert
Presentation preview: AI-enabled Accounts Payable Automation on ServiceNow

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  • Projected vs. Actual Spend Visibility with ServiceNow PPM + Aavenir Invoiceflow Nov 3 2021 4:30 pm UTC 26 mins
    Russell Seifert, Rohit Pareek
    Identifying planned v/s actual costs is the most critical factor to drive project portfolio decisions in an optimal manner. Join us to learn how you can gain real-time visibility into project spend with ServiceNow PPM and Aavenir Invoiceflow.
    With the rise of a distributed workforce, project management teams face challenges to track budgeted vs. actual project costs - fixed, recurring, or labor.

    As per industry benchmarks, 70% of global enterprises have suffered at least one project failure in the prior 12 months, i.e. for every $1B invested, $122M was lost in wasted resources, time, and efforts hampering project performance.

    Being a ServiceNow user, you can achieve real-time expense visibility as per project KPIs using ServiceNow PPM and Aavenir Invoiceflow.

    In this webinar, you'll learn how project management and the finance team can

    Automate the creation of expense lines
    Monitor financial performance
    Execute project audits better
    Get insights for cost re-allocation and investment optimization
  • Managing Contracts Remotely using Digital Workflow and AI on ServiceNow Oct 27 2021 5:00 pm UTC 59 mins
    James Maxwell, Jesal Mehta
    Digital Workflow Accelerates Contracts 56% Faster
    Legal always face two significant challenges: intense scrutiny of existing contract obligations, and the need to coordinate complex contract review and negotiation across teams working remotely.

    In order to ensure legal continue to serve business remotely, enterprises are reorganizing legal operations on a digital workflow platform ServiceNow to foster collaboration between functional teams, legal counsels, law firms, and companies across geographies.

    Attend this webinar to hear from James Maxwell, ISV Lead, ServiceNow, and Jesal Mehta, CEO of Aavenir explaining how enterprise can implement contract workflow at lightning speed using Aavenir Contractflow built natively on ServiceNow for ServiceNow customers.

    What will be covered in this webinar?

    - Why enterprises are managing contract lifecycle on ServiceNow?
    - Implementing faster and smarter internal collaboration with redlining and approvals workflow
    - How digital workflow provides real-time visibility of enterprise-wide contracts’ performance?
    - Live demo of Aavenir Contractflow, the first and only Contract Lifecycle Management solution available on ServiceNow Store
  • Making legal contracts work for everyone: Aavenir Contractflow + ServiceNow Oct 20 2021 5:00 pm UTC 54 mins
    James Maxwell, Jesal Mehta
    Contracts are essential for any business and many use a fire-fighting approach to ensure they’re getting the most value out of every contract.

    Watch our webinar on disrupting legal operations by consolidating contract management into a single system of engagement for departments across geographies. Get to know about the readily available contract management solution on ServiceNow and how you can start delivering effective contract management on ServiceNow.

    What is covered in this webinar?
    - Key challenges in achieving legal team productivity
    - Why should you manage contracts on ServiceNow?
    - How to standardize and scale IT, sales, finance, HR, procurement, admin, or any other contract workflows?
    - A holistic approach to gain real-time visibility of contracts across the enterprise
    - Making a bulletproof business case: proving ROI and convincing stakeholders to invest in contract management software
  • Discover, Assign and Monitor Contract Obligations on ServiceNow Recorded: Oct 13 2021 42 mins
    Russell Seifert, Vikram Chakrabarty
    The obligations related to important business transactions and relationships are typically detailed in contracts with customers, suppliers (goods & services providers), channel partners, and other parties. Large organizations have an overwhelmingly large number of contracts containing an even greater number of obligations.

    Amid COVID-19, are you sure that all your business deals are working as per the terms and conditions?Intelligent contract obligations management can lead to improved vendor performance, new business opportunities, avoid reputation damage, and may eliminate heavy financial losses for your organization.

    Attend this webinar to explore how an AI-enabled contract obligation lifecycle management system can ensure that all the obligations are fulfilled? Hear from Vikram Chakrabarty, Product Expert, Aavenir, and CEO, Aavenir accompanied by Russell Seifert, Account Executive at Aavenir as they provide a sneak preview of our latest product Aavenir Obligationflow, which can:

    1) Discover: Extract obligations with a single click using AI engine
    - Transactional obligations: payment milestones, delivery timeline, etc.
    - Compliance obligations: environmental, health & safety, etc.
    2) Assign: Streamline obligation lifecycle using Digital Workflow
    - Allocate obligation fulfillment tasks to relevant stakeholders
    - Automate email notifications and reminders for obligation fulfillment tasks
    3) Monitor: Measure contractual performance across the organization using Dashboard
    - Track obligation risks and compliances
    - Review contract obligations by customers, suppliers, service providers, lessors and lessees, supply chain and sales channel partners, creditors, borrowers, and other parties.
  • AI-enabled Accounts Payable Automation on ServiceNow Recorded: Oct 6 2021 41 mins
    Russell Seifert
    Automation in invoice processing is maturing fast and represents a major source of future value, offering a return on investment that far outweighs its cost. Accounts payable team who work with invoices know the pain points of the manual data entry, managing complex invoice data exceptions, time lost in searching for lost or missing invoices, missing out on payment terms and opportunities, all of which can directly impact bottom-line gains of any organization.

    Attend this session to know how T. D. Williamson, the most trusted manufacturing and services organization serving the pipeline industry worldwide for over 100 years, automated its invoice processing using ServiceNow as a key enabler. TDW installed Aavenir Invoiceflow on their existing ServiceNow Platform to automate processing of 70,000+ invoices per year from 5000+ different vendors.

    Join us for this webinar to learn

    - Role of AI and accounts payable workflow in invoice automation
    - How Aavenir Invoiceflow automates invoice processing on ServiceNow
    - Real World Success Story: Learn how TDW overcome challenges to:
    - Implement a single invoice receiving touch point for AP team
    - Automate invoice coding, categorization, and data validation with PO/reciept notes for thousands of invoices
    - Process invoices faster with digital workflow for PO/Non PO invoice approvals and exceptions handling
    - Gain complete spend visibility using Aavenir dashboard on ServiceNow
  • Automate Sourcing Using RFx on ServiceNow Recorded: Sep 29 2021 54 mins
    Russell Seifert
    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
  • Managing End-to-end Contract Lifecycle on ServiceNow using AI & Workflows Recorded: Sep 22 2021 54 mins
    Russell Seifert, Vikram Chakrabarty
    Poor Contract Management Costs Companies 9%!

    2021 is the year of change, especially in contract management with rapid shifts to the business landscape and marketplace. You would expect intense scrutiny of existing contractual obligations, and the need to coordinate complex contract review and negotiation across teams working remotely.

    As a ServiceNow customer, you can quickly start managing the end-to-end contract lifecycle on your existing ServiceNow subscription using Aavenir Contractflow, a Now Platform certified CLM app available on ServiceNow Store. Aavenir Contract Lifecycle Management Software makes commercial contracts interactive on ServiceNow, giving you the power to deal with the challenges faced because of the static contracts.

    Hear from Vikram Chakrabarty, Product Expert, and Russell Seifert, Account Executive at Aavenir talking about why ServiceNow customers should bring CLM on ServiceNow. The session will also cover the LIVE CLM solution demo showcasing Aavenir Contractflow and Aavenir Obligationflow on ServiceNow.

    What is covered in this webinar?

    -Why should you bring a CLM solution to ServiceNow?
    -Difference between legal service delivery and contract lifecycle management
    -How to gain real-time visibility of enterprise-wide contracts
    -A smarter approach to manage contractual obligations using Aavenir Obligationflow
    -LIVE DEMO: Aavenir Contractflow on ServiceNow
Delivering the Future of Work With AI-ready Source-to-Pay Solutions
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.

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