Aavenir VS ContractWorks

Aavenir Pricing

ContractWorks Pricing

Aavenir

• AI Search: Search for terms & clauses in seconds using natural language.
• AI Extract: Pull out key clauses, terms, and obligations instantly from contracts.
• AI Review: Spot missing clauses, red flags, and deviations at a glance for faster contract reviews.
• AVY AI Contract Assistant: Ask questions, simplify legalese, generate clauses, and get contract summaries in plain English.
• Contractflow: Manages the entire contract lifecycle from request to renewal with faster approvals, zero bottlenecks, and full visibility.
• Obligationflow: Track, manage, and ensure fulfillment of every contractual commitment.
• Built on ServiceNow: Offers scalability and customizable workflows adaptable to unique business needs.
• Contract Data Mining: Leverages data within contracts to derive insights for smarter business decisions.

ContractWorks

• Centralized Contract Repository: Secure single location for storing and organizing contracts.
• AI-Powered Search & OCR: Rapidly locate contracts, clauses, and terms using artificial intelligence.
• GPT-3 Clause Creation: Generate new contract clauses and simplify complex legal language with GPT-3 AI.
• Dynamic Drafting Templates: Create any type of contract in minutes via interactive templates.
• Collaborative 2-Way Editor: Redline and edit contracts with compatibility for MS Word.
• Automated Approval Workflows: Streamline and accelerate contract reviews and approvals.
• Built-in Electronic Signatures: Legally sign and manage agreements from anywhere.
• Customizable Reports & Alerts: Schedule reports and receive notifications on key dates and milestones.
• Permission-Based User Roles: Control access and visibility with role-based permissions.
• 24/7 Support: Around-the-clock customer support for all users.

Aavenir Use Cases

• Accelerating sourcing cycles for manufacturing companies.
• Reducing contract risk and speeding up approval cycles in the finance sector.
• Improving contract cycle times and ensuring timely renewals in healthcare and life sciences.
• Managing the entire contract lifecycle from vendor sourcing to payment processing.
• Tracking and managing contractual obligations to prevent value leakage and ensure compliance.
• Streamlining Request for Proposal (RFP) processes and vendor onboarding.
• Automating accounts payable (AP) processes through Invoiceflow.

ContractWorks Use Cases

• Automating contract drafting and approval for legal teams.
• Managing contract renewals and compliance in healthcare organizations.
• Streamlining vendor agreement workflows for procurement managers.
• Centralizing sales agreements and accelerating deal closures.
• Enabling collaborative contract negotiations with internal and external stakeholders.
• Improving audit readiness with secure, permission-based contract access.

Aavenir FAQs

• What platform is Aavenir built on?

  Aavenir's solutions are built on the robust ServiceNow platform, which allows for scalable and adaptable workflows tailored to unique business needs.
• How does Aavenir help in maximizing contract value?

  Aavenir helps maximize contract value by ensuring signed agreements are delivered upon, tracking obligations and compliances, monitoring every commitment, and mining contracts for hidden data insights to drive smarter business decisions.
• What AI capabilities does the Aavenir Intelligence Platform offer?

  The Aavenir Intelligence Platform includes AI Search to find terms and clauses quickly, AI Extract to pull out key information, AI Review to spot deviations and missing clauses, and AVY, an AI contract assistant for simplifying legal language and generating summaries.
• What aspects of the source-to-pay lifecycle does Aavenir cover?

  Aavenir addresses the entire source-to-pay lifecycle, including sourcing (RFPflow), vendor onboarding (Onboardingflow), contract management (Contractflow, Obligationflow), and payment processing (Invoiceflow).
• How does Aavenir ensure contracts are adhered to post-signature?

  Aavenir helps ensure post-signature adherence by tracking all commitments and obligations (Obligationflow), automating reviews, and sending proactive alerts to monitor performance and prevent value leakage.

ContractWorks FAQs

• What happens after the trial account expires?

  After the trial period, the account automatically converts to a paid standard license, with all contracts, tags, alerts, and user data preserved for a seamless transition.
• Can ContractWorks be accessed by clients outside the US?

  Yes, ContractWorks can be accessed globally and payments from international clients are supported.
• How are electronic signature licenses managed?

  Each plan includes a set number of electronic signature licenses, with additional packs available for purchase; only users with a license can send documents for signing, while all recipients can sign for free.
• Is there a dedicated onboarding process?

  Yes, template automation and onboarding are included in the paid implementation process, with the ContractWorks team integrating workflow and document patterns for new customers.
• What support is provided to customers?

  ContractWorks offers 24/7 customer support to assist users with setup, training, and any ongoing platform needs.

Uptime Monitor

Uptime Monitor