What is Aavenir Obligationflow?
Aavenir
Obligationflow enables organizations to have 360° visibility into
enterprise-wide contractual obligations for customers, suppliers, service
providers, sales partners, and other parties - using Artificial
Intelligence-enabled contextual search. Companies can auto-discover
key contract obligations, but they can also collaborate with relevant
stakeholders for fulfillment using its digital workflow and monitor the compliance
status via Obligationflow dashboard on ServiceNow.
Aavenir Obligationflow can import all active contracts from Aavenir Contractflow or any other CLM system and transforms how organizations discover, manage, and fulfill obligations that were previously hidden in complex contract language.
The vendor's Value Proposition:
-> 70% faster obligation identification cycle time
-> 35% cost-savings with centralized obligations fulfillment approach
-> 98% on-time obligation fulfillment
-> Enables teams to leverage insights gained for better outcomes in future contract negotiations and renewals
-> Significantly increase compliance and reduce business risks
-> Automate the obligation fulfillment process through a workflow engine instead of excel/email
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