Name: Implement AI-Enabled IT Vendor Invoice Processing
Start: 2021-11-10T17:30:00Z
End: 2021-11-10T17:30:30.000Z
Location: BrightTALK
Rating: 0

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.

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

How to Execute Contracts Remotely using AI + Digital Workflows

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

How to Manage RFP, RFI, RFQ Operations with AI + Workflows

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

How to Process 1000's of Invoices using AI + Digital Workflows ?

What is the future of procurement? The task of running a high-performing procurement organization is only getting harder. Both unexpected external challenges and rising internal expectations are setting new and higher targets for procurement to meet. So, what can organizations do to keep up, and what metrics can they look at to give them a “path” to continuous improvement? On the other hand, IT Leaders are trying to find a sweet spot where they can leverage their existing investments to an enterprise cloud platform for digitizing all the business processes. Aligning to enterprise IT strategy with business functions’ requirements is a key part that takes considerable resources, time, and money. Join us for this webinar to hear from Nick Heinzmann, Research Analyst at Spend Matters, who will talk about key factors that organizations should consider while selecting their next procurement technology solution for greater alignment with enterprise-wide IT strategies. Vikram Chakrabarty, Product Expert at Aavenir will explain how Aavenir source-to-pay solutions, built natively on ServiceNow, supports unified platform strategy for enterprise IT teams using ServiceNow as an enterprise cloud platform.

How to Align Procurement + IT ?

Learn how Automation of Accounts Payable processes can improve the efficiency using quantifiable KPIs. Attend this session to determine the true business value of AP Automation solution.

Join Russell Seifert, Account Executive and Rohit Pareek, Director of Product Management at Aavenir to understand how to create a bulletproof business case of AP automation. In-depth ROI analysis can help justify your investments and move forward with additional savings in AP automation.

Register Now to attend this quick, 30-min webinar to find out:
- Quantifiable Accounts Payable department KPIs for your business
- Impact of Automation on key AP process KPIs
- How to calculate true business value of accounts payable automation software investment
- Live Demo: measuring AP process KPIs using Aavenir Invoiceflow

Identify True ROI of Accounts Payable Automation & Measure Impact on KPIs

Learn how you can build and implement a comprehensive process mechanism to manage all contractual obligations for SaaS contracts, and move towards a maturity of building your own KYO – Know Your Obligation system

Know Your Obligations (KYO) – Track Contractual Obligations for SaaS Contracts

Strategic sourcing can save up to 30-50% of organizations’ costs. Organizations that do not invest in the procurement team’s capabilities often end up with higher and complex spending. With higher complexity, sourcing executives focus on efficacy in sourcing governance and leverage value creators such as centralization, process standardization, and resource arbitrage.

Join Jesal Mehta, Founder and CEO of Aavenir to learn how RFPflow can help procurement teams to collaborate for preparing, managing, and evaluating RFPs across department silos.

In this 30-min group demo, Find out how your procurement team can use RFPflow to:
- Proactively accelerate Source-to-award cycles with sourcing workflows and alerts
- Manage and evaluate RFP vendor responses on ServiceNow while collaborating via MS-Word
- Centralize supplier queries, templates, RFPs in a secure and full-text searchable repository

Strategize eSourcing & Manage All RFPs, RFQs, RFIs with AI + Digital Workflows

Remote and distributed personnel is new normal for Accounts Payable (AP) teams. Learn how to combine technology, business processes, digital workflows and analytics to elevate AP with Aavenir. In this product demo session, we will be covering the four steps to transform your AP operations backed up with live AP use cases.

Structure
Step 1: Technology – How AP can leverage AI in touchless invoice data entry
Step 2: Collaboration – How to minimize friction with digital workflows to improve inter-departmental collaboration
Step 3: Analytics – Aligning AP teams with the right SLAs and KPIs
Step 4: Strategy – Analyze spend patterns, safeguard against frauds and manage vendor relationships

Transform Accounts Payable & Finance in 4 Steps

As the economy recovers, we are seeing a need for stronger approaches to manage business risks and improved best practices in Contract Lifecycle Management – especially on the ServiceNow platform.

Risks can be hard to identify, harder to quantify, and hardest to eliminate. Companies need to audit all contractual risks and obligations (including milestone dates, delivery requirements, service levels, discounts, security needs, performance requirements, etc.) and start executing contracts with control and speed.

This webinar covers simple, practical, and useful information about managing and assessing commercial contractual risk issues that you can use as you improve and re-engage your legal and business operations.

What is covered in this webinar?
- How companies can review, assess, and act now on the contractual changes required for business continuity?
- What are contract risks and how can you fully manage risks with smart internal collaboration and workflow processes
- How are enterprises managing contract lifecycles on ServiceNow?
- Contract Management best practices on ServiceNow suited for your business model
- Live demo of Aavenir Contractflow, the first and only Contract Lifecycle Management solution available on ServiceNow Store

How to manage Contractual Risks and Obligations during COVID19 Reopening

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 AI-enabled Accounts Payable on ServiceNow
- Automate the creation of expense lines
- Monitor ﬁnancial performance
- Execute project audits better
- Get insights for cost re-allocation and investment optimization

Integrating ITBM + PPM - Streamline Your Project Spending and Tracking

As part of the contract negotiation process, you send out a contract to the external party such as your vendor or customer, for them to review. They send you back a contract with some key terms redlined, such as payment terms, contract term, limitation of liability amount, notice period, etc. How do you track these terms so that you have full visibility into them after the contract has been executed? How do you pull up a report, for example, of all contracts where the payment term agreed is NET 45? Join us on this webinar to learn how you can efficiently track all contractual terms.

Contract Management with Microsoft Word - Reconcile Redlined Terms

Build a central hub of all your legal, contract and agreement documents. Have access to all the information you need, right when you need it across various teams. In this Build Your Own (BYO) session, you will be learning the essential features needed to build a real-world contract repository and how can you do it with latest technology like AI + Machine learning.

Build Your Own Contract Repository

Use AI + Digital Workflows to Manage Contracts Remotely

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

Making legal contracts work for everyone: Aavenir Contractflow + ServiceNow

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. 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 
2) Assign: Streamline obligation lifecycle using Digital Workflow
3) Monitor: Measure contractual performance across the organization using Dashboard

Discover, Assign and Monitor Contract Obligations

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 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
- How to automate invoice coding, categorization, and data validation with PO/receipt notes for thousands of invoices
- How to process invoices faster with digital workflow for PO/Non-PO invoice approvals and exceptions handling

The Future of AI in Accounts Payable Automation

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 achieving 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
- Creation of RFPs using pre-built questionnaires and RFx templates
- Collaboration with vendors and internal stakeholders
- Evaluation and scoring RFP responses from vendors
- Streamlining end-to-end Source-to-award cycle with ServiceNow workflows

Streamline Sourcing Using RFx

AI-enabled IT Vendor Invoice Processing Workflow on ServiceNow
Companies lose up to 5% of revenue or face critical IT issues due to delayed payments, duplicate invoices, frauds, and manual processes. Attend this webinar to learn how you can use AI to automate 90% of manual IT vendor invoice processes and manage approval workflows on Servicenow.

Why should you attend this webinar? 
With disparate IT systems in place, it becomes difficult to manage thousands of invoices received from IT vendors - all having different formats, varied payment terms, different invoice approval workflow for each IT procurement category. IT teams often blame a complex series of slow and error-prone invoice data entry, PO validation, and approval processes for delayed, missed, or unintended payments.

As a ServiceNow user, learn how you can streamline IT invoice processing with Aavenir Invoiceflow on your own ServiceNow instance. The webinar will cover the following topics:

- 10 Common IT Vendor Invoice Management Challenges
- AI-enabled Automated Invoice Data Extraction
- Automated invoice validation with vendor master and purchase orders
- Setting up  Invoice Approval Workflow on ServiceNow
- Monitoring Invoice Status and Accounts Payable KPIs
- Top 3 ROIs of IT vendor invoice processing automation
- Real-world Customer Success Story of Automated thousands of IT Vendor Invoice Processing on ServiceNow

Implement AI-Enabled IT Vendor Invoice Processing

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Implement AI-Enabled IT Vendor Invoice Processing

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