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Aavenir

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Aavenir: Company Focused Market Research Report



Company Overview



  • Name: Aavenir

  • Mission: Aavenir aims to deliver business-enabling innovative SaaS products to global customers, supported by partners while fostering a joyous and fulfilling environment for its employees.

  • Founded: 2019 by Jesal Mehta

  • Key People:

  • Jesal Mehta, CEO & Founder

  • Gaurang Soni, Chief Technology Officer

  • Sunil Masand, SVP, Product

  • Megha Paradkar, VP, Customer Engagement

  • Mohamed Reza, VP, Marketing

  • Headquarters: No information is available

  • Number of Employees: Approximately 80

  • Revenue: No information is available

  • Known For: Aavenir is recognized for its AI/ML-powered Source-to-Pay applications built on the ServiceNow platform that enhance user experience, integration capabilities, cross-functional workflows, and upgrade cycle time.


Products



1. Aavenir RFPflow
  • Description: Manages request for proposal (RFP) processes.

  • Key Features: Sourcing management, RFX creation and publishing, vendor selection, sourcing workflow, and strategic sourcing analytics.


2. Aavenir Onboardingflow
  • Description: Facilitates vendor onboarding.

  • Key Features: Streamlined onboarding workflow management with ServiceNow integrations.


3. Aavenir Contractflow
  • Description: Manages contract lifecycle from creation to compliance.

  • Key Features: Contract repository, contract intake and authoring, AI-powered contract review and analytics, and compliance management.


4. Aavenir Obligationflow
  • Description: Manages contract obligations.

  • Key Features: Obligations tracking and compliance assurance.


5. Aavenir Invoiceflow
  • Description: Automates accounts payable processes.

  • Key Features: Invoice receiving and coding, 2/3-way validation, spend management, and invoice workflows.


6. Aavenir Providerflow
  • Description: No information is available.

  • Key Features: No information is available.


Recent Developments



  • New Products Launched:

  • Aavenir has introduced the Avy AI, a generative AI assistant tool for connected contract management on ServiceNow.

  • New Features Added to Existing Products:

  • Integration of generative AI capabilities to elevate sourcing and contracting processes.

  • New Partnerships:

  • Aavenir has partnered with ServiceNow as an Advanced Platform Partner to offer integrated solutions and seamless workflows.

  • Other Developments:

  • The company is proud to announce achieving ISO 27001:2022 certification.

  • Aavenir was named a 2023 Top Tech Startup by Supply & Demand Chain Executive & Food Logistics.

  • The appointment of Mohamed Reza as Vice President of Marketing and David Singh as Vice President of Global Sales.

  • Recognition by GCC Workplace Awards 2024 as one of the Top 6 from Emerging Cities.


This report provides an extensive overview, detailing critical aspects of Aavenir, its offerings, and its recent advancements which underscore its pivotal role within the digital transformation industry landscape, especially in procurement and contract management functions.