Aavenir, a business payout management platform, has unveiled advancements in its flagship products, Aavenir Contractflow and Aavenir RFPflow, with a focus on improving negotiations and vendor performance.

By leveraging GenAI for Aavenir RFPflow, the platform aims to deliver cost savings through advanced pricing analysis. It streamlines negotiations, ensuring the best value from suppliers. New capabilities allow supplier evaluations by comparing their performance against existing contracts, obligations, and KPIs, aiding in informed award decisions for savings optimization. 

Analyst QuickTake: In August this year, Aavenir expanded GenAI capabilities in Aavenir Contractflow to help procurement and legal teams accelerate contract reviews and negotiations (by automating clause deviation detection, scoring, and clause recommendations). Meanwhile, we also saw Basware partnering with Microsoft earlier this week to enhance customer support with ChatGPT.