- Legal
- Procurement
- Sales
- Finance
- IT
- HR
Legal teams can ensure the standardization of clause libraries and pre-approved templates and achieve drastic efficiency gains. Moreover, Contractflow is powered by the Aavenir Intelligence Platform (AIP) for contract data extraction, clause simplification, clause deviations, recommendations, and compliance verification.
Procurement and sales teams can reduce negotiation bottlenecks and collaborate efficiently with vendors, partners, and customers.
At the core of AIP is Avy, an AI contract assistant. Avy helps users understand contract details, speed up contract reviews, break down complex legal terms & clause language, create safer contract clauses, and quickly find answers to questions about contracts through a chat interface.
Aavenir Contractflow provides advanced AI-driven third-party paper ingestion and configurable, insight-rich dashboards for monitoring contracts and performance obligations. It now incorporates Agentic AI–based compliance verification that continuously evaluates contracts and related documents against global regulations (such as GDPR, DORA, FCPA, and other regional frameworks), as well as internal controls, security standards, and corporate policies, while automatically triggering risk remediation tasks where gaps are identified.
By orchestrating specialized AI agents for screening, deviation detection, and corrective action workflows, it empowers risk and compliance managers, legal and procurement teams, and IT and cybersecurity stakeholders across industries to accelerate compliance reviews, reduce manual audit effort, and proactively identify and remediate contract risks with greater accuracy and efficiency.
Aavenir Contractflow offers flexible configurations throughout the contract lifecycle, including contract request, authoring, negotiation, approval, renewal, amendment, execution with electronic signatures, and post-award obligation and compliance management. It helps achieve ROI faster with accelerated time-to-value and enhanced user adoption.
Why use Aavenir Contractflow on ServiceNow?
- Accelerated contract cycle times
- Ensure legal & regulatory compliance by mitigating pre- and post-award risks.
- Get accurate contract authoring through standardized clause libraries and legal language.
- Drive performance across external and internal teams by tracking terms, obligations, and key milestones in real-time.
- Scale your business by responding faster to market shifts with Aavenir’s connected contract management experience.
- Leverage AI to understand and manage contracts better, improve contract accessibility to even non-legal teams, and boost productivity.
More Information: https://aavenir.com/solutions/aavenir-intelligence-platform/
Built on the industry-leading ServiceNow platform, Aavenir Contractflow (Contract Lifecycle Management) is available as a unique SaaS solution.
- AI Agents–Driven Compliance & Risk Screening: Perform real-time compliance checks on contracts using AI Agents that detect compliance gaps, assess risk exposure, and enable targeted remediation actions. ComplianceNext, helps accelerate compliance reviews, reduce manual screening efforts, and proactively identify compliance risks, while integrating seamlessly into enterprise risk workflows.
- Powerful Contract Configurator: Quickly author any type of contract by leveraging pre-built contract templates.
- Legal and Regulatory Playbooks: Drag and drop pre-built contract templates with multi-lingual support. Playbooks for primary, alternate, and fallback clauses to standardize and accelerate the contract-creation process
- AI-Driven Contract Data Extraction: Automated and on-demand extraction of terms and clauses from contract documents with high accuracy.
- Empowering with Generative AI Capabilities: Proprietary AI Contract Assistant tool, Avy, with quick-access menu options to aid users in simplifying and understanding complex contract information into easy-to-understand language for easier interpretation, even by non-legal personnel.
- Clause Deviation with AI: Auto-detect contract clause variations against legal-approved clause libraries or previous versions during the review or negotiation stage. Additionally, generate an alternate clause with best-fit options.
- AI-Powered Contract Summary: Automatically generates a concise contract smart summary highlighting the most important data points and an at-a-glance overview of the agreement. Create a detailed AI-powered contract summary that explains who the parties are, the nature and purpose of the relationship, each side’s primary obligations and service levels, pricing and payment terms, and critical dates such as initial term, renewals, and notice periods.
- Customizable Contract Processing Workflows: Share and execute a contract on the ServiceNow workflow platform with ad hoc approval or defined rules-driven conditional approvals that support adding comments, annotations to files, and alerts.
- LiveView Experience and Comparing Information: Compare contract information during amendments and renewals through an expandible and collapsible “LiveView” interface, with an improved user experience.
- Approvals & eSignatures: Dynamic approval workflows and tracking. Pre-integrated with DocuSign and Adobe Sign to manage e-signatures directly from the application.
- Contract Renewals and Termination: Proactively monitor contract expiration and automate contract renewals.
- Contract Audit and Compliance: Meet increasing regulatory compliance requirements with a ready-to-audit contracting process, showing “who-what-when” for every contract action.
- Microsoft Office O365 Integration: Collaboratively negotiate (redline), review contracts, and track changes in real-time using Office 365 integration.