Discover, Assign and Monitor Contract Obligations on ServiceNow

Presented by

Russell Seifert, Vikram Chakrabarty

About this talk

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.

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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