Aavenir Obligationflow empowers enterprises not just to identify obligations but also to track and fulfil them through actionable workflows and real-time insights. By leveraging AI-powered obligation extraction, automated task management, and fulfillment data integration, it enables businesses to mitigate risks, gain visibility, enhance collaboration, and drive operational efficiency while maximizing contract value.
Aavenir Obligationflow can be used along with Aavenir Contractflow, or can be used as a standalone application.
Why use Aavenir Obligationflow on ServiceNow?
Built natively on ServiceNow : Leverages ServiceNow’s digital workflow engine and centralized contract repository for bulk import of existing contracts from Aavenir Contractflow.
Clarifies obligation ownership: Resolves ambiguity around who owns what by clearly assigning responsibility, helping contract managers engage with customers and suppliers.
Integrated with CRM & ERP systems: Offers a single source of truth for obligation tracking by connecting with your core enterprise systems.
Milestone tracking & dashboards: Provides centralized visibility into obligation status, deadlines, and performance across stakeholders.
Key Outcomes:
- 32% Improvement in achieving SLAs: Track obligations effectively against SLAs & compliance requirements.
- 65% reduction in vendor disputes: Clear audit trails, preventing mis-communication and breaches.
- 32% reduction in revenue leakages: Helps avoid penalties and recovery losses due to missed obligations.
- 18% reduction in vendor operating costs: Prevents over-billing through compliant transactions & supplier performance tracking.
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.
- Simplification of obligations with Avy (Generative AI Assistant).
- Capability to add Fulfiller instructions for additional guidelines related to task fulfillment.
- Human-in-the-Loop Validation – Review and validate AI-extracted obligations through the human review process.
- Obligations Library – Define and manage obligations library with details such as contract type, category, and subcategory.
- Easily import obligations from Excel files to add new or modify the obligations in bulk.
- Automatic extraction of obligations from multiple documents using AI.
- Identify and extract key contract terms with the help of AI.
- Enhanced collaboration with the ability to add comments and tag users on fulfillment tasks.
- Ability to attach supporting files within task comments for better context.
- Assign fulfillment tasks to external stakeholders via email, enabling broader collaboration.
- Enhanced navigation between Contract, Obligations and Tasks for more intuitive experience.
- Streamlined review process for fulfillment task completion.
- Redesigned obligations listing layout for better search, filter, and navigation.
- Redesigned task fulfillment page for ease of use.
- Personalized landing experiences tailored to user roles, ensuring relevant information and actions are available upfront.
- Improved dashboards with additional reports and filtering capabilities.
- Pre-configured filters for the Fulfillment Task List page to easily view tasks by status, such as All, Ongoing, Upcoming, Overdue, and Completed.
ServiceNow Washington DC, Xanadu or Yokohama release