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Aavenir Contract Lifecycle Management (CLM) Reviews & Product Details

Aavenir Contract Lifecycle Management (CLM) Overview

What is Aavenir Contract Lifecycle Management (CLM)?

Aavenir Contractflow, AI-powered Connected Contract Lifecycle Management (CLM) Software, enables enterprises to create and manage enterprise-wide contracts for customers, vendors, employees, or any other types of legal contracts. It manages the end-to-end contract lifecycle including contract requests, authoring, negotiations, approvals, renewals, e-signatures, and monitoring. Key Features: Enhanced Contract Authoring Experience: Quickly author any type of contract using pre-approved contract templates and Live View with custom auto-fill fields. Role-based access to the latest contract templates. Centralized Contract Repository- Store all contracts on secure, scalable, and full-text searchable contract repository on ServiceNow Flexible Contract Lifecycle Workflow - Easily customize CLM workflow as per business team structure and contract management practices. MS-word plugin - Manage redlining, versioning, and import 3rd party contract data using Aavenir Contractflow MS word plugin Contract Analytics- Monitor and measure key contract KPIs using a single dashboard and custom reports Alerts and Notifications - Get reminders before 30-60-90 days for pending approvals & signatures, upcoming renewals & terminations. Legal and Regulatory Playbooks: Create playbooks for primary, alternate, and fall back terms and clauses to standardize the contract management process Key Outcomes: - Gain full visibility across the entire contract lifecycle for all types of contracts - Standardize contract language, contract processes, and approvals - Reduce operating, regulatory, legal, compliance, and security risk - Improve contract authoring speed and accuracy - Accelerate deal closure with faster contract turnaround

Aavenir Contract Lifecycle Management (CLM) Details
Languages Supported
English
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Product Description

Aavenir CLM, built natively on ServiceNow, enables enterprises to create and manage bilateral contracts for procurement, sales, legal, NDA, HR or any other types of contracts for efficient contract management.


Seller Details
Seller
Aavenir
Year Founded
2019
HQ Location
Plano, TX
Twitter
@AavenirInfo
980 Twitter followers
LinkedIn® Page
www.linkedin.com
83 employees on LinkedIn®

JM
Overview Provided by:

Recent Aavenir Contract Lifecycle Management (CLM) Reviews

Verified User
U
Verified UserEnterprise (> 1000 emp.)
4.0 out of 5
"Good CLM and hands on team"
Aavenir is helpful in tracking contract lifecycle and provides the opportunity to proactively initiate contract renewal. It has a fair few helpful ...
Verified User
E
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Well thought out product with lot of flexibility on workflow configuration and ease of use."
Well thought out product. Workflow can be very flexible. Being bulit on servicenow, gives any enterprisethat has a serviecnow footprint and easy ch...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
1.5 out of 5
"Good idea although..."
The idea behind this product is a good one and in the right context can be a most useful tool. Customer support tries its best to help whenever ...
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Aavenir Contract Lifecycle Management (CLM) Media

Aavenir Contract Lifecycle Management (CLM) Demo - Contract Analytics and Intelligence
Monitor Contract Status, Key Contract Performance Indicators (KPIs), and Metrics using Aavenir Contractflow Dashboard
Aavenir Contract Lifecycle Management (CLM) Demo - AI-enabled Smart Suggestions
Get smart suggestions to use competitive or legal-approved terms and conditions while creating a new contract.
Aavenir Contract Lifecycle Management (CLM) Demo - Mass Contracts
Create and send a large number of contracts to your vendors, employees, or customers with personalization fields within the contract template and track the status of each using an intuitive dashboard.
Aavenir Contract Lifecycle Management (CLM) Demo - Sign Contracts with eSignature
Sign contracts from anywhere anytime using commonly used authorized e-Signature products like DocuSign
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19 Aavenir Contract Lifecycle Management (CLM) Reviews

4.3 out of 5
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Aavenir Contract Lifecycle Management (CLM) Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Aavenir Contract Lifecycle Management (CLM)Question

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Mining & Metals
UM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

Aavenir is helpful in tracking contract lifecycle and provides the opportunity to proactively initiate contract renewal. It has a fair few helpful features like docusign integration and integration with ServiceNow. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

Requires customization to fit into our organization structure and processes. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

Contract tracking, transparency in contract review process, electronic signing, contract reporting. Review collected by and hosted on G2.com.

Aloysius T.
AT
Commercial, Products and Functions Lead, Legal (Grab-Singtel Digital Full Bank)
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

I loved the clean, simplistic look of the dashboard and mostly intuitive features of the interface. The standard offering of the products works seamlessly if it is complemented by the relevant apps that enable the full functionality of the platform. To hae a full functioning system that complements the inhouse process, it is important to design the end-to-end up front and share such details with the team to enable ease in integration with other inhouse systems. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

Depending on the level of customisation, the Aavenir CLM product may present different levels of complexity in terms of user experiences - which may end up less intuitive than intended. The experience gets better as you use frequently and the team offers you training videos in support as well if you require. You will also have ready access to the Aavenir team during implementation and that makes the process much more pleasant and collaborative. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

CLM solves the organisation need for a one-stop shop from review, approval to signing and approval and helps to maintain end-to-end process for all users in the organisation. With a single repository and tracking mechanism for the organisation, it helps use evolve to focus on what is essential as a business strategy than pure record keeping and other administration, Review collected by and hosted on G2.com.

Verified User in Banking
UB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

The idea behind this product is a good one and in the right context can be a most useful tool.

Customer support tries its best to help whenever needed. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

The system workflow in its current form is very rigid. It follows a fixed process that cannot be deviated from. E.g. the first contract review needs to be an internal review and then external review must follow. The system cannot handle deviations at all. However human beings do not necessarily work the same way as machines do. In this regard the tool does not make me feel like it is working for me but more like I am working for the tool.

The system is also too sensitive. E.g. merely clicking the "Save" tab twice can cause a system error. Ever so often system errors, such as the inexplicable inability of the system to attach template contracts to the submission, do happen and it seems difficult for anyone to pinpoint why this is happening. Every submission can feel like a lottery, and if you lose the lottery you need to re-start the whole submission process from scratch. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

At the moment, I cannot really say. Review collected by and hosted on G2.com.

Verified User in Insurance
EI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

Well thought out product. Workflow can be very flexible. Being bulit on servicenow, gives any enterprisethat has a serviecnow footprint and easy choise of admistration and support and long easy integation with other peripheral systems. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

AI is not mature. CX can be improved to make it more modern but may be bit restricted with what they can do on SN platform. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

Complex workflow in sourcing and contracting, adapatbility to changes, transperancy of process to end users. Review collected by and hosted on G2.com.

Verified User in Banking
AB
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

Aids in the automation of contract management and legal operations and speed up approval cycles. Provides a secure and one-stop platform to perform data analytics pertaining to one's contracts and a secure repository which contains the approval history and different versions of a contract.

The Aavenir team who was responsible for implementing the solution was generally responsive and adhered strictly to the timelines requested. In terms of post implementation support, the Aavenir team was also accountable and responsive, and assisted us to expedite key bugs. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

CLM does not support google workspace, and the licensing fees are a little high. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

CLM helps to automate certain processes pertaining to my organisation's contract review process, as well as serve as a secure repository to allow us to perform data analytics on our existing contracts. In addition, it helps to keep everything in order and ensure proper documentation and records management. Review collected by and hosted on G2.com.

Rob P.
RP
Director, Head of IT Service Management
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

Aavenir helps our internal teams to track and manage contracts effectively. The entire lifecyle of the contract is stored in a central database which is very helpful from an audit perspective. Also the fact that the applications sit on ServiceNow as a platform, allows us to manage the base data across the systems in the organization. I love working across the the teams of Aavenir; they are very meticulous in gathering all the requirements and providing super fast solutions always! Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

Nothing in particular to mention here. .. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

A central repository for all contracts which helps us to track ongoing and new contracts. Review collected by and hosted on G2.com.

Joseph C.
JC
Senior Counsel
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

The Aavenir CLM is easy for new users to begin using and has streamlined the process for our legal department to have contracts signed and stored for easy access. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

Some of the template features have at times been a bit clunky but we have easily worked around them and have not had problems implementing the solution. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

The Aavenir CLM allows our legal team to receive requests to review agreements and have those agreements reviewed, negotiated and executed all within the same environment. No extra administrative steps are required and it helps our team keep contracts centrally located where they can easily be found after execution. Review collected by and hosted on G2.com.

DB
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

We purchased Aavenir Contractflow to replace a legacy solution that had been in place for a couple of years. We found Aavenir via the ServiceNow store, and since we are big users of the ServiceNow platform, it seemed like a good fit. Aavenir applications sit inside our ServiceNow platform, which leverages all our investments and internal ServiceNow resources to the fullest. This was a key consideration in moving forward with Aavenir.

We are using RFPflow and Contractflow to manage the intake of requests for the sourcing department, and to define the necessary review and approval process for any request. This includes RFI/RFP processes, new contract negotiations, contract amendments or renewals, terminations, etc. Leveraging ServiceNow as a platform will allow Aavenir to connect our internal customers to the sourcing department with transparency and ease. Aavenir will also give the sourcing department the tools we need to coordinate with our various internal stakeholders and suppliers to efficiently process requests while remaining policy compliant. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

So far we haven't encountered any dislikes Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

Better workflows and transparency Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

Our implementation of the CLM tool is being done in 2 parts. This review is only for phase 1 - which was our client contracts in which we currently will only be using Aavenir as a document repository with OCR capability to search all documents within that repository. The review does not include phase 2 which is full implementation for our vendor contracts, because the implementation is ongoing so I prefer not to submit a review for it until that phase is complete.

As it relates to the Client Contracts - the OCR capability works extremely well. During implementation we ran into several snags where we needed the tool to do proximity searches and to have OCR have the capability to read scans vs pdf documents. Aavenir's implementation team was exceptional in solving for these issues and developing a means for the tool to do both functions. To date, the feedback I have received from the end-user has been very positive. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

While the integration with ServiceNow is conceptually a value-add, especially in the eyes of our internal IT organization, it is extremely dependant on ServiceNow. For instance, as client record must already exisit within ServiceNow in order to tie any documents to it within Aavenir. This has caused some process issues because we do not typically add all of our clients to ServiceNow as this SN client list is driven off an API from our payables system and not every client has a payable record. We must now modify our process to add all clients to our payables system, which in turn is causing concerns and a process modification from our Finance organization. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

Again, as it relates specifically to our Client contracts implementation, I wouldn't say that Aavenir is solving a problem for us but has allowed us to end our relationship with another vendor that previously provided this service for us. It is however allowing us have both our Client and Vendor contracts contained within a single tool. Review collected by and hosted on G2.com.

LM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Aavenir Contract Lifecycle Management (CLM)?

We have not gone "live" on the product yet but are still working through implementation. So far, the tool has been working great and as we expected. If we had any questions or concerns during implementation, they were immediately addressed. Review collected by and hosted on G2.com.

What do you dislike about Aavenir Contract Lifecycle Management (CLM)?

I have not found anything that we dislike thus far in the implementation. Review collected by and hosted on G2.com.

What problems is Aavenir Contract Lifecycle Management (CLM) solving and how is that benefiting you?

The CLM will greatly assist with version control during the redline/negotiation process. The ease of being able to draft, negotiate, execute and store all in one tool will help the team be more efficient. Review collected by and hosted on G2.com.