Latest news with #JesalMehta
Business Wire
2 days ago
- Business
- Business Wire
Aavenir Launches ComplianceNext to Power Contract and Vendor Compliance with a Suite of Next-generation AI Agents
MCKINNEY, Texas--(BUSINESS WIRE)--Aavenir today announced the launch of ComplianceNext, its next-generation AI-powered compliance solution that performs real-time document compliance screening across regulatory policies, internal controls, and risk remediation actions. Powered by purpose-built AI Agents, Aavenir ComplianceNext ensures fast, accurate compliance checks across contracts, certifications, and vendor documents for compliance managers, legal and procurement teams, and IT and cybersecurity teams across industry verticals. "From cyber threats to supply chain volatility, today's heightened risk landscape has elevated risk management to a top priority, leading enterprises to harness the power of AI to manage risk and an opportunity for Aavenir to deliver game-changing Agentic AI solutions," said Jesal Mehta, Founder and CEO, Aavenir. ComplianceNext orchestrates specialized AI Agents that discover regulatory provisions applicable to contracts and vendors, perform compliance verification screening, identify non-compliance gaps and risks, and execute corrective risk actions. The solution offers robust non-compliance risk dashboards and audit logs that can be integrated into broader TPRM and Enterprise Risk Management solutions for consolidated risk views. "Aavenir ComplianceNext brings together the power of AI Agents into contract and vendor risk management workflows to enable our customers to drive proactive, strategic compliance and risk management into true competitive advantage," added Sunil Masand, SVP, Product at Aavenir. ComplianceNext: Key Impact and Outcomes - 10X faster compliance screening – from weeks to days - 80% faster risk remediation - 88% improvement in contract pre-signature risk detection - Millions saved in non-compliance penalties and audit costs Aavenir, built on the ServiceNow platform, is an enterprise-grade SOC2 Type II and ISO 27001 certified solution. Aavenir ComplianceNext offers scalable pre-built workflows and libraries spanning 100+ regulations across DORA, FATCA, GDPR, FCPA, cybersecurity policies, and more, enabling accelerated value realization in days. The solution integrates into existing enterprise CLM and vendor onboarding solutions, as well as GRC and third-party risk management (TPRM) platforms. For more information, read Aavenir's ComplianceNext Product Brief. About Aavenir Aavenir is a trusted provider of Generative AI Contract Lifecycle Management (CLM) solutions. Built on the ServiceNow platform, Aavenir offers RFP management, vendor onboarding, and contract management solutions that optimize and strengthen visibility and compliance across Source-to-Pay and Lead-to-Cash processes. To learn more, visit:
Associated Press
02-05-2025
- Business
- Associated Press
Aavenir Bridges Legal-Procurement Gap with Advanced AI Workflows for Contract Management at CLOC and Knowledge25
Aavenir to showcase AI-powered Contract Lifecycle Management and Source-to-Pay solutions at CLOC and ServiceNow Knowledge25, featuring the Spring 2025 Release. 'We are showcasing how our Spring 2025 Release helps bridge the gap between legal and procurement operations by eliminating cross-team inefficiencies using advanced and autonomous AI workflows for CLM.'— Jesal Mehta, Founder & CEO , Aavenir LAS VEGAS, NV, UNITED STATES, May 2, 2025 / / -- Aavenir, a global leader in AI-powered Contract Lifecycle Management and Source-to-Pay solutions, will participate in two major industry events in Las Vegas, Nevada: CLOC Global Institute (May 5-8, 2025) and ServiceNow Knowledge25 (May 6-8, 2025). The company recently announced Aavenir Contractflow Spring 2025 Release, which is a major attraction at the events. Attendees will get an opportunity to experience firsthand Aavenir's latest advancements in AI innovations, UX enhancements, and implementation accelerators designed to transform how legal and procurement teams bridge departmental silos and operate across industries. EVENT HIGHLIGHTS At ServiceNow Knowledge25, which attracts over 25,000 global attendees, Aavenir will showcase its AI-powered Source-to-Pay product suite built on the Now™ Platform at Aavenir Booth #1701. Attendees will also experience Avy, their intelligent AI assistant for Contract Management, which democratizes contracts, comprehends complex language and enhances the overall user experience by providing deep contract intelligence. Also, in CLOC (Corporate Legal Operations Consortium) Global Institute 2025 at Booth #208, Aavenir will join legal operations innovators worldwide to showcase how your organization can leverage AI in contract management to make faster and smarter contract decisions. A highlight of their CLOC presence will be an exclusive fireside chat 'Aavenir Solution Lab' featuring Shiraz Mothi, Head of Enterprise Vendor Management at Fortune 500 insurance leader Guardian Life. The session, scheduled for May 7, 2025, at 12:15 PM, will detail how Guardian Life reduced contract cycle times and eliminated bottlenecks by transforming collaboration between procurement and legal teams. 'At CLOC and Knowledge25, we are showcasing how our Spring 2025 Release transforms the critical intersection between legal and procurement operations by eliminating cross-departmental inefficiencies using advanced and autonomous AI workflows for CLM,' said Jesal Mehta, Founder and CEO at Aavenir. 'Our customers report 80% faster contract cycle times and 42% reduced risks. Whether you are a legal leader at CLOC or a procurement expert at ServiceNow Knowledge25, we invite you to experience how we're transforming contract data into a strategic asset that drives competitive advantage across the enterprise,' he added. Attendees visiting the Aavenir Booth can meet the CLM and Source-to-pay experts and discover how their sourcing, procurement, and legal teams can use enhanced Generative AI capabilities in contract management to transform how organizations work with complex contracts. Schedule a meeting for more information about their participation and book a personalized demo of Aavenir products at CLOC Global Institute and ServiceNow Knowledge events. ABOUT AAVENIR Aavenir is a premier Generative AI-powered Contract Lifecycle Management (CLM) platform built on the ServiceNow platform. We enhance enterprise procurement, contract management, and financial operations with innovative solutions that deliver a connected contract management experience. Trusted by global enterprises, the platform offers sourcing, vendor onboarding, and contract management solutions that optimize procurement workflows, improve visibility, and strengthen compliance across Source-to-Pay and Contract Lifecycle Management processes. To learn more, visit: Aavenir Marketing Communication Aavenir Inc. [email protected] Visit us on social media: LinkedIn Instagram YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
