Aavenir Obligationflow offers a simplified approach for business teams to manage contractual obligations. It can auto-discover key contractual obligations using AI-powered full-text search capabilities, foster collaboration with the relevant stakeholders via digital workflows, and provide complete visibility into obligation compliances via an intuitive dashboard.
Aavenir Obligationflow can be used along with Aavenir Contractflow, or can be used independently.
Why use Aavenir Obligationflow on ServiceNow?
Aavenir Obligationflow, natively built on ServiceNow, revolutionizes contract enforcement and management for organizations. The product combines ServiceNow’s digital workflow and centralized contracts repository in real-time and enables bulk import of existing contracts from Aavenir Contractflow application.
By solving the common issue of unclear ownership of contract obligations, Obligationflow empowers contract managers to engage with customers and suppliers using real-time data.
Obligationflow can integrate seamlessly with technical systems such as CRM and ERP, offering a single source of truth for managing contract obligations. With features like milestone tracking and centralized dashboards, it provides a streamlined view across multiple platforms, ensuring efficient and effective contract management.
Key Outcomes:
• AI-powered auto discovery of contract obligations from the contract documents
• Assign appropriate ownership to the obligation 'actors'
• Obligation workflow for appropriate actions and approvals
• Achieve significantly higher contract compliant transactions
• Reduce the risk of revenue leakage due to missed obligations
Obligationflow helps to ensure regulatory compliance and uses workflows for collaboration and integration across different IT systems.
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AI-powered Obligation Extraction: Extract explicit and implicit obligations across clauses, tables, and other structured & unstructured formats along with key terms and attributes.
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Master Obligation Repository: Centralized obligation repository for all obligations residing in your contracts.
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Accurate insights: Navigate contract repository with higher accuracy and garner insights from key metadata.
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Collaborative Workflows and Intuitive UI: Customizable approval and fulfillment request workflows along with intuitive UI enabling 360-degree view into contract obligations and fulfillment tasks.
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Obligation Alerts and Reminders: Real-time alerts and notifications to enable proactive actions. Notify stakeholders and counterparties about non-performance or performance delays.
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Reports & Dashboards: Comprehensive real-time view of all obligations, tasks, and milestones from contracts, tailored for defined stakeholders for better tracking and decision-making.
- Robust API Integration: Connects to any external contract management software and other solutions via APIs.
- Generative AI Assistant: Users can ask intent-based queries to easily identify obligations, tasks, non-fulfillment risks, and more, making the system more intuitive and user-friendly.
- Re-imagined user interface with multiple enhancements offering improved usability and better adaptability.
- Enhancements in the AI-extraction capabilities including extraction of key obligation data such as frequency.
- Generative AI Assistant for users to ask intent-based queries to easily identify obligations, tasks, non-fulfillment risks, and more.
- De-activate the obligations when not needed.
- Quickly view the count of published and unpublished obligations.
- Assignment of ownership for multiple obligations at once.
- Automatic termination of obligations and associated fulfillment tasks upon contract termination.
- New notifications for various events such as task initiation, task reminders, obligation publish and more.
- Ability to delete multiple unpublished obligations at once.
- Enhanced search capabilities with comprehensive search criteria.
- Ability to bulk modify the assigned owner for fulfillment tasks.
- Grouping of fulfillment tasks in various categories: All, Overdue, Ongoing, Upcoming, and Completed.
ServiceNow Vancouver, Washington DC or Xanadu release