Aavenir

According to Gartner, the global legal technology market is projected to reach $50 billion by 2027, driven by advancements in generative AI. One key #CLMTrend shaping this growth in 2025, as shared by Sunil Masand, SVP & Head of Product, Aavenir in this exclusive ebook on the Future of Contract Lifecycle Management indicates that CLM will act as the nerve center of a connected enterprise and AI will democratize contract management by empowering non-legal teams to easily navigate complex contracts, enabling organizations to act faster and more decisively. This data-driven approach will enhance business agility, facilitate smarter decision-making, and enable rapid responses to changing market conditions, providing a competitive edge. Get more such insights from industry experts as they share predictions on CLM trends for 2025 from this ebook: https://lnkd.in/dfZXn8e5 #ContractManagement #ThoughtLeadership #CLM #LegalTechUSA #LegalTech #GenerativeAI #GenAI #SupplyChain #PredictiveAnalysis #CLMPredictions #Ebook

According to a PwC Digital Procurement Survey (5th Edition), 35% of 1,000 businesses in 2024 considered sourcing their priority. Additionally, 95% of 3,000 procurement decision-makers acknowledged the need to optimize their sourcing techniques. It calls for organizations to adopt efficient procurement methodologies such as tactical and strategic sourcing. To know what each approach's advantages are, and how can teams effectively manage the relevant processes, read our latest article to get insights on the key differences & how your procurement teams can choose when to use strategic vs. tactical sourcing. >> https://lnkd.in/da2uR22B Have questions? #Procurement #StrategicSourcing #TacticalSourcing #Sourcing #SupplyChainManagement #SupplyChain #B2B

Get ready to relive the excitement of #AavenirHackathon2025! Capturing the moments and celebrating the essence of this spectacular, 'fun with innovation' event that defines Aavenir. Congratulations to the winning teams, and kudos to all the participants! Your passion and ingenuity continue to drive Aavenir's commitment to delivering pioneering AI-first CLM solutions that deliver the 'future of work' to our customers and the industry. To know what the brilliant minds at Aavenir does, visit: aavenir.com #ProudlyAavenir #Innovation #AI #TeamSpirit #LifeAtAavenir #ContractManagement #Hackathon

Did you know that around 71% of companies are unable to locate 10% or more of their contracts; and approximately 95% of organizations lack complete visibility into their contractual obligations? If you represent the legal, procurement, or sales team of a forward-thinking organization, bring your contracts to experience Avy, the AI Assistant in Contract Management at https://contractgpt.ai/ See how Avy helps: - Democratize contract intelligence, making insights accessible across teams - Deliver instant contract insights for faster, data-driven decisions - Identify hidden obligations and risks before they turn into costly disputes and penalties Sunil Masand, the SVP and Head of Product at Aavenir, rightly says, "Avy represents a shift in contract management towards AI-driven contract insights, where businesses don't just manage contracts but extract real-time value from them". To unlock more of Avy's capabilities, explore: https://lnkd.in/dRYpZszx #AI #CLM #AIassistant #ContractManagement #ProductAnnouncement #ProductRelease #Legal #Procurement #Sales #GenerativeAI #ContractCompliance

Cheers to the first ever #AavenirHackathon2025 - a celebration of the brilliant minds, the technical prowess, and the vision-led mentorship that drives Aavenir. A 48-hour coding marathon, 3 days of fun-filled activities, 12 dynamic teams, and the A-team congregating from cities across India and the USA under one roof with the mission to ideate, build, and present disruptive innovations focused on 'product and productivity improvements - powered by AI.' Top 3 teams won rewarding prizes for transforming their ambitious product ideas into tangible solutions during this Hackathon, and the real takeaway was to see the A-team get into a mission-mode to go beyond AI innovation to creating solutions that encourage AI adoption. A shoutout to our customers as they are soon to experience the path-breaking ideas in the Aavenir products. Kudos to the A-team, your passion and ingenuity continue to fuel innovation and our commitment to deliver pioneering AI-first solutions. #ProudlyAavenir #Hackathon #Innovation #AI #TeamSpirit #Productivity #Collaboration #ProductInnovation #LifeAtAavenir #ATeamRocks

Congratulations Team Aavenir & SMS Equipment on successful #GoLive for Aavenir Contractflow - the AI-powered solution for contract management. Megha Paradkar, this indeed marks another milestone for the Aavenir Professional Services team under your leadership in driving digital transformation, embracing innovation, setting new benchmarks, and unlocking endless possibilities - together! Thank you #SMSEquipment for choosing Aavenir! #OnwardsAndUpwards #DigitalTransformation #CustomerSuccess #CLMImplementation #AavenirContractflow #ContractManagement #CLM

[CONTRACT MANAGEMENT CHALLENGES] Navigating the dynamic landscape of contract governance—encompassing areas like data protection, employment standards, and industry-specific regulations can be daunting. Moreover, failing to stay abreast of these regulatory changes can lead to legal penalties, financial setbacks, and damage to your organization's reputation. How can you mitigate these risks? It's imperative for contract management teams to regularly audit their contracts and workflows. This ensures that current clauses and policies align with the latest laws applicable to both your organization and your stakeholders. Discover more about the prevalent #ContractManagementChallenges and explore effective solutions in our latest article.  https://lnkd.in/dqFw8D4g #ContractManagement #CLM #LegalTech #ContractLifecycleManagement #ComplianceManagement #ContractAndCompliance #BusinessRisk #PoliciesAndRegulations #Tariff

As Aavenir proudly marks 6 years of innovation and excellence in Contract Lifecycle Management and Source-to-Pay solutions, our Founder & CEO Jesal Mehta reflects on the core elements that distinguish Aavenir: 1️⃣ Platform Excellence: Built on ServiceNow's low-code, no-code framework, our solutions ensure rapid deployment and accelerated value for clients. 2️⃣ User-Centric Design: We prioritize our customers' unique needs, delivering seamless implementations that drive meaningful impact. 3️⃣ AI-Driven Innovation: By integrating cutting-edge AI technologies, we enhance efficiency across Source-to-Pay and Contract Lifecycle Management processes. Stay tuned for more celebrations and know how Aavenir empowers businesses to streamline their contract and procurement workflows. Watch the full interview here: https://lnkd.in/gWVtqUui #ThoughtLeadership #Aavenir #ContractManagement #Procurement #AavenirDay #CXO #Podcast #LegalTechUSA #CLM

Are you a procurement professional navigating an increasingly complex landscape shaped by #globalsupplychain disruptions, technological advancements, and heightened regulatory pressures? To thrive, organizations in 2025 must adopt agile strategies that address these multifaceted challenges. Key Challenges: Global Supply Chain Disruptions: Natural disasters, geopolitical tensions, etc. continue to destabilize supply chains. Diversifying suppliers and implementing resilience measures are essential to mitigate these risks. Technological Advancements: The rapid evolution of technology necessitates continuous adaptation. Integrating AI and predictive analytics can enhance procurement efficiency and decision-making. Regulatory Pressures: Increasing compliance requirements demand robust strategies to navigate the complex regulatory environment. Read this blog to delve deeper into these challenges and explore actionable solutions from our comprehensive analysis: https://lnkd.in/dUcQZg-c #Procurement #SupplyChain #DigitalTransformation #Compliance #BusinessRisk #AI

Did you know that it takes a paralegal approximately 6 hours to read a complex 40-page contract document? Avy does that and much more - faster than you can read the billboard. Contracts hold the key to business decisions—but accessing, understanding, and acting on them shouldn’t be a legal-only affair. That’s where Avy, the AI Assistant for Contract Management, changes the game. ✅ Empower Everyone – Avy democratizes contract intelligence, making insights accessible across teams. ✅ Make Faster, Smarter Decisions – Get instant, data-driven contract insights at your fingertips. ✅ Stay Ahead of Risks – Identify hidden obligations and risks before they turn into costly disputes. #ICYMI, See Avy in action! https://contractgpt.ai/ #AI #ContractManagement #LegalTech #Procurement #AIAssistant #Paralegal #ContractManager #CLM