#Didyouknow According to World Commerce & Contracting, organizations that don't track supplier obligations effectively experience a 50% increase in supplier performance issues. Why is obligation tracking so important? ⭐ 👉 Defines what's expected from both parties in a contract, reducing misunderstandings and disputes. 👉Allows you to identify potential problems early and take corrective action before they escalate. 👉Holds suppliers accountable and ensures they meet their contractual commitments. 👉Builds trust and transparency by demonstrating your commitment to clear communication. By focusing on obligation tracking, you can significantly reduce supplier performance issues and build stronger, more successful partnerships! Want to learn how, link in the comments #contractmanagement #suppliermanagement #riskmanagement #obligationtracking #procurement #FridayFact #Aavenir #AI
Aavenir
Software Development
McKinney, Texas 6,171 followers
Delivering the Future of Work - AI-enabled Source-to-Pay Solutions built on the ServiceNow Platform - www.aavenir.com
About us
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. Also, the ServiceNow platform unlocks 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. Our Values: * Customer success: We believe that when our customers succeed, we succeed naturally. It’s a cohesive process, we are committed to enhancing, always. * Innovation: we strive to leverage modern technologies like AI, ML & NLP to make intelligent solutions for changing the nature of work at organizations. * Joy: our focus is to bring in joy in everything we do, from delivering a joyful user experience for our customers to creating an amazing work culture for our employees so, in turn, they delight our customers. Founded in 2019 by experts having more than 3 decades 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.
- Website
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https://aavenir.com/
External link for Aavenir
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- McKinney, Texas
- Type
- Privately Held
- Founded
- 2019
- Specialties
- Procure-to-Pay Solutions, Contract Management, Account Payable Automation, Supplier Management, Digital Workflows, ServiceNow Applications, Contract Compliance Management, Procurement and Sourcing, Multi-vendor Invoice Processing, Purchase Order Management, Generative AI, Connect Contract Management , Contract Lifecycle Management, and Vendor Onboarding
Locations
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Primary
8751 Collin McKinney Pkwy
STE 1102, OMB 23
McKinney, Texas 75070, US
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Collonade 2, Bodakdev
B 1105
AHMEDABAD, GUJARAT 380015, IN
Employees at Aavenir
Updates
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We're excited to share the success story of Express Professionals, who reduced their legal review times by a staggering 66% thanks to #AavenirContractflow! A big thank you to Jared Mashaney, VP of Legal & Asst. General Counsel at Express Employment International, for his valuable feedback. Here's what made #Aavenir #Contractflow the perfect fit for Express Pros: Effortless Adoption: The user-friendly interface minimized training needs for their team. ✅ Faster Reviews: Legal reviews that used to take days are now completed in hours! ⏰ Responsive Support: Express Pros highlights Aavenir's excellent customer service. ⭐️ Want to learn more about how Aavenir Contractflow can streamline your legal processes? Read the full Express Professionals success story (link in comments) #ContractManagement #SuccessStory #Testimonial #clm #contractlifecyclemanagement #testimonialthursday #AI #ServiceNow
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Missed contractual obligations can lead to a breach of contract, causing headaches for everyone involved. Many companies aren't sure about how to navigate these situations! We recently hosted a webinar on identifying and avoiding missed contractual obligations. This informative session covered: 👉 Common pitfalls that lead to breaches. 👉Strategies for proactive contract management. 👉Tips for ensuring timely fulfillment of obligations. Watch the on-demand webinar now and learn how to safeguard your contracts. [Link in comments] #contractmanagement #contractcompliance #breachofcontract #webinar #ondemand #riskmanagement #Aavenir #AI #ServiceNow #AIinContracts #CLM
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ServiceNow's industry-leading platform provides a robust foundation for managing digital workflows across various departments. Aavenir, with expertise in AI-powered solutions, builds upon this foundation to deliver intelligent automation and advanced capabilities designed explicitly for contract management, procurement, and source-to-pay processes. Together, Aavenir and ServiceNow offer a robust suite of solutions that streamline complex tasks, minimize risks, and unlock new levels of efficiency for organizations. We're thrilled to be part of this collaboration and look forward to helping businesses unlock the full potential of their digital transformation journey. #ServiceNowPartner #Aavenir #DigitalTransformation #ServiceNow #AI
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IT contract renewals can be stressful. Expiring agreements, forgotten deadlines, and scrambling for negotiations are enough to make any IT professional sweat. However, taking a proactive approach can transform contract renewals into an opportunity to optimize your IT infrastructure and save money. Our latest blog post, "Don't Get Caught Flat-Footed: A Checklist for IT Contract Renewals and Negotiations," provides a comprehensive guide for confidently navigating this process. Take control of your IT contract renewals! Click the link in the comments to access the full blog post! #ITContractRenewals #ContractManagement #CLM #Aavenir #AI #AIinContracts #ServiceNow #ProactiveIT #NegotiationTips #ITManagement
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At Aavenir, we believe in constantly working towards building a passionate, innovative, and enterprising team. We are delighted to welcome Brian Jones, Senior Account Executive, and Shweta Salaskar, Software Engineer, to the A-Team. Congratulations! We can’t wait to see you experience the joy of working at Aavenir, succeed, and grow. We invite more awesome people to join our global team and add more awesomeness to our vibrant team. If you believe you are THE ONE, check out the Open Positions at Aavenir. https://aavenir.com/jobs or write to us at careers@aavenir.com #Aavenir #LifeAtAavenir #WelcomeAboard #Saas #SaasCompany #Hiring #HiringNow #DigitalTransformation #JobsAtAavenir #Recruiting #TeamPlayer #PeopleFirst #GoingAboveAndBeyond #Congratulations #SourceToPay #LoveWhereYouWork #careers #ServiceNow #AI #Sales #B2BSales #EqualOpportunityEmployer
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Companies pour time and effort into crafting contracts, but the real battle begins after the ink dries. Effective Contract Lifecycle Management (CLM) is crucial, but many organizations struggle with post-signature obligations. What are the roadblocks CLOs face? 👉 Manual Mayhem: Sifting through mountains of paper contracts is a recipe for lost time and missed deadlines. 👉Ownership Ambiguity: Unclear accountability for obligations can lead to confusion and missed deliverables. 👉Visibility Vacuum: Limited visibility into contract details creates a compliance nightmare. Ready to break free from these challenges? There's a better way! #Aavenir #Obligationflow can help you streamline the process and ensure smooth post-signature execution. #ContractManagement #CLM #AI #AIinContracts #ServiceNow #ObligationManagement #CLO
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Leading healthcare innovator Lumeris achieved a staggering 80% reduction in contract processing time. That's 5X faster contract cycles! Lumeris needed help with slow contract turnaround times. They found a solution by implementing #Aavenir #Contractflow on ServiceNow. Want to learn more about how Lumeris achieved these incredible results? Check out the full case study: https://lnkd.in/d7Ezcprh #ServiceNow #contractmanagement #healthcare #contracts #AI #casestudy #clm #SuccessStory
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Heads Up! ServiceNow VRM is Now ServiceNow TPRM ServiceNow VRM (Vendor Risk Management) has officially transitioned to ServiceNow TPRM (Third-Party Risk Management). This update reflects the platform's comprehensive approach to managing risk across all third-party relationships, not just vendors. According to ServiceNow, "One of the big new features of TPRM is the Due Diligence process. The idea behind the new Due Diligence process is that it allows the customer to get started working earlier in the third-party engagement lifecycle. It also provides a guided structure to that lifecycle". Click the link in the comments to explore the full capabilities of ServiceNow TPRM and how it can empower your organization to manage third-party risk effectively. #ServiceNow #TPRM #ThirdPartyRiskManagement #RiskManagement #VendorManagement #Aavenir #VRM
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Sixes, Sweat, and Smiles: Celebrating Teamwork On and Off the Field! ️ At Aavenir, we believe in fostering a culture of well-being, both inside and outside the office. To fuel this belief, we recently hosted a cricket tournament, promoting friendly competition and team bonding. The energy on the field was electric, with colleagues cheering each other on and showcasing their cricketing skills. We saw some impressive catches, nail-biting finishes, and plenty of laughter along the way. But the fun didn't stop there! Over a delicious dinner, we shared stories, celebrated successes, and strengthened the bonds that make Aavenir such a great workplace. Here are some snapshots from the event! #TeamBuilding #EmployeeWellbeing #CricketTournament #WorkHardPlayHard #CompanyCulture #Ahmedabad #Aavenir #ProudlyAavenir
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