Aavenir Pulse: May'24 Edition
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Cutting through the chaos, this Newsletter walks the talk on Generative AI and Innovation. The mission of this Newsletter is simple. ENLIGHTEN. EMPOWER. ELEVATE. Aavenir Pulse is an experience - Join us on a journey of knowledge, innovation, and joy. Stay connected!
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COMPANY SPOTLIGHT
Team Aavenir shine at KNOWLEDGE24
Thank you to everyone who visited the Aavenir Booth and our sessions. What an incredible week it's been for Team Aavenir to connect with so many inspiring minds and share our passion for AI-powered Contract Management. Your enthusiasm and engagement fuel our passion for innovation—every time!
Sharing some highlights from the ServiceNow KNOWLEDGE24 event:
?? Engaging Conversations at Booth #3310
?? Houseful Theater Session: Jesal Mehta , Founder and CEO of Aavenir had the audience captivated with his intriguing session "Maximizing ServiceNow ROI: How Enterprises Use AI for Contract Management". He shared real-world use cases (from Aavenir Customer Success Stories) on how the power of AI in transforming contract workflows.
? Ask the Pro Session Packed with Insights: The Ask the Pro session was driven by industry expert and SVP Product Aavenir, Sunil Masand, who shared valuable insights and practical advice to attendees navigating the world of AI-powered contract management solutions on ServiceNow.
Did you miss the event? Don't worry—we've got your back. We have compiled the Key Takeaways and Highlights from ServiceNow KNOWLEDGE24 for you.
To learn more, talk to the experts and a FRE DEMO about Aavenir's AI-powered Contract Management solution.
UPCOMING WEBINAR: AI-powered Obligation Management
Are you worried about the steep penalties, loss of reputation, and regulatory blacklisting owing to breach of Contracts? The consequences of missing contractual obligations can indeed be severe and, many times, irreparable.?
Aavenir brings to you an exclusive webinar on Obligation and Compliance Management for Legal, Procurement, IT, Risk, and Contract Compliance Teams looking to understand:?
The webinar will also include a LIVE demonstration of Aavenir Obligationflow, the #1 AI-powered Contract Obligation Management solution built on the ServiceNow platform.
Hear industry experts Sunil Masand and Russell Seifert share the best practices for post-award contract obligation management success and how AI is powering obligation management solutions in multiple ways.??
Product Spotlight
You've done a hard job drafting, negotiating, reviewing, and signing off contracts. But do you know that every contract obligation you miss risks your business? Imbibe obligation management to get the total value of your contracts.
Aavenir Obligationflow, built on the powerful ServiceNow platform, can empower your teams with the following:
? Effortless Collaboration:?Assign tasks, track progress, and communicate seamlessly with stakeholders for all obligation types – ESG, IT, SLAs, and more.
? Enhanced Compliance:?Reduce risk and ensure regulatory, financial, and reporting requirements adherence.
? Improved Visibility: Gain real-time insights into obligation fulfillment across the organization with intuitive dashboards.
Imagine the time you could save by using AI to auto-discover key contract obligations and fulfill them on time using a digital workflow. Aavenir Obligationflow can make this a reality, allowing you to increase compliance, save time, and reduce business risks.
StraightTalk: Foundational AI for Contract Management
As we steer to mid-2024, are you still struggling to unleash the power of AI in your Contract Management processes? Not anymore.
Listen to Sunil Masand, SVP, Product at Aavenir, diving deep into the transformative power of AI for contract management in this latest video! Watch and discover how AI can:
? Automate tasks and streamline processes for faster contract turnaround.
? Identify potential issues and mitigate risks with AI-powered insights. ?
? Extract key terms, clauses, and obligations to unlock a world of data-driven decision-making.
Ready to take the next step? Request a demo to learn how Aavenir can revolutionize your contract management.
Customer Success Spotlight - Lumeris
Lumeris is a managed services operator specializing in value-based care in the healthcare industry. It is one of the pioneering frontline organizations supporting the paradigm shift from a?volume-based?'pay' driven system to a?value-based?' reward' driven system.
Lumeris works with large healthcare players and?reputed institutions, developing healthcare innovations and focusing on processing third-party contracts. They were exploring a centralized solution to streamline the vendor onboarding and contracting process and mitigate these challenges. Aavenir's Contract Lifecycle Management solution was a perfect fit to overcome Lumeris' challenges, so Lumeris adopted Aavenir's Contractflow to enhance its contract management process.
Here are some of the Key Contract Lifecycle Management Solution for Healthcare adopted by Lumeris:
If you too are facing similar contract management challenges, Request a Demo.
Open Mic with Aavenir
How to Simplify ESG Assessments on ServiceNow
Have you considered the ever-growing importance of Environmental, Social, and Governance (ESG) factors in procurement in businesses? Manually collecting and managing ESG data from suppliers is a time-consuming and error-prone process, leading to a lack of transparency, which can hinder your ability to ensure compliance and achieve truly sustainable procurement.
Automating ESG assessments through pre-configured ESG questionnaires and templates ensures rapid data collection during onboarding and the supplier lifecycle. It enables thorough supplier due diligence and promotes sustainable procurement practices.
We bring to you a tell-all video that helps you to learn:
Aavenir Knowledge Hub
You will surely agree that while business partnerships offer numerous advantages, they also bring potential risks. It is where Vendor Risk Management (VRM) comes in—a crucial practice for identifying, assessing, and mitigating risks associated with third-party vendors.
ServiceNow Vendor Risk Management (VRM) is a comprehensive solution embedded within the ServiceNow Governance, Risk, and Compliance (GRC) platform. It empowers organizations to streamline and automate their vendor risk management processes. It translates to a centralized system for managing your vendor portfolio, facilitating risk assessments, and ensuring ongoing compliance.
Read to know,
Aavenir Pulse is a monthly newsletter published by Aavenir Inc. for knowledge-sharing and information purposes only. Stay tuned and updated with the latest industry insights. For any inquiries, write to us at info(at)aavenir(dot)com. To learn more about Aavenir, visit aavenir.com
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