- Aavenir publicized new product enhancements to its source-to-pay product RFPflow.
- RFPflow helps consumers select the best-value vendor, both in regards to skills and budget.
- Developed on ServiceNow, the new release offers seamless integration with Aavenir Contractflow.
- RFx management solution revealed industry-first assimilation with Microsoft Excel and Word.
- Expert’s view on AI-enabled intelligent source-to-pay applications.
Source-to-pay product RFPflow
An AI-enabled intelligent source-to-pay applications provider, Aavenir publicized new product enhancements to its source-to-pay product RFPflow. Aavenir RFPflow offers an easily configurable RFP workflow that gets the procurement and other enterprise teams on the same platform to improve best-value sourcing activities. Also, RFPflow helps consumers select the best-value vendor, both concerning skills and budget.
Developed on ServiceNow, the new release offers effortless assimilation with Aavenir Contractflow. Contractflow by Aavenir is the best solution that collaborates, requests, manages, and approves all contracts with AI (artificial intelligence) and digital workflows on ServiceNow.
Aavenir Contractflow anticipated offering procurement professionals a single, unified source-to-contract experience from –
- Procurement intake process
- RFx response collection
- Vendor scoring
- Side-by-side vendor comparison
- Contract drafting
- Electronic signatures
Further, this allows cooperative and consistent procurement experience.
New and enhanced Aavenir RFPflow
The new and enhanced Aavenir RFPflow drives best-value vendor selection by efficient vendor scoring against the RFx responses. Besides, the RFx management solution revealed industry-first assimilation with Microsoft Excel and Word, allowing vendors to manage RFP requests and easily import them into the RFPflow.
Further, the enhancements and integrations drive RFPflow’s aim to enhance the relationship with vendors, streamline the RFP-to-award lifecycle, and cut down response time.
Jesal Mehta, Founder and amp; CEO at Aavenir, commented: “The most recent version of RFPflow, which is now available on the ServiceNow Store, would significantly improve the source-to-contract experience. I’m happy to say that during the incredibly challenging year of 2020, we transformed source-to-pay for numerous ServiceNow customers, and we’ll continue to do so for years to come.”
He further added, “With the growing adoption of enterprise-wide workflow platforms like ServiceNow, the evolution of Artificial Intelligence, and the increasing demand for more resilient procurement and sourcing operations, especially in the aftermath of the COIVD-19 outbreak, we are in an exciting time. We are constantly innovating our source-to-pay solutions while keeping innovation at the forefront of what we deliver.”