Aavenir Launches New Generative AI Capabilities for Contract Lifecycle Management on ServiceNow

Aavenir, the pioneer of AI-powered contract lifecycle management on ServiceNow, proudly unveils its latest Aavenir Contractflow release with exciting new generative AI capabilities that accelerate contract reviews and negotiations, with remarkable speed, ease, and precision.

Powered by Aavenir’s proprietary large language models (LLMs) and conversational AI technologies, the release offers industry-first generative AI capabilities that include automated clause deviation detection, scoring, and clause recommendations to manage contract risk. The release will enable legal and procurement teams to self-rectify low-deviant clauses, focus on negotiation of highly deviant clauses, and redirect critical clauses to legal teams for specialized review.

While reviewing or negotiating contracts within Aavenir Contractflow, the new clause deviation capabilities auto-detect contract clause variations against legal-approved clause libraries, repository contracts, and prior contract versions. Aavenir’s intuitive user interface summarizes alternate clauses along with deviation scores and provides contract managers with the ability to replace highly deviant contract clauses with suggested best-fit clauses. When coupled with ServiceNow’s robust workflow flexibility and Aavenir’s clause-level approval capabilities, the management of batches of deviating clauses across teams is immensely simplified.