USE CASES
Sample Use Cases
Contract Compliance and Risk Mitigation
Use Case: A large pharmaceutical company managing hundreds of contracts across different regions needs to ensure compliance with local regulations while minimizing risk exposure.
Solution: Avivo’s AI-powered platform automatically tracks obligations, deadlines, and regulatory requirements. The system alerts key stakeholders to upcoming deadlines, flagging potential compliance risks early, helping the company avoid costly penalties and ensuring contracts are always in compliance.
Streamlined Contract Review and Approval
Use Case: A professional services firm dealing with complex service agreements across multiple departments struggles with long contract cycles due to manual reviews and approvals.
Solution: With Avivo’s automated contract creation and comparison tools, the firm reduces contract review times by automating the comparison of new contracts against existing agreements, flagging inconsistencies, and standardizing clauses. This cuts the approval process time in half, allowing faster execution and smoother operations.
Accelerating Contract Negotiation Cycles
Use Case: A fast-growing tech company that frequently negotiates contracts with partners and vendors faces delays due to lengthy back-and-forth negotiations and manual drafting.
Solution: Avivo’s automated contract creation tool allows the company to generate standardized contracts with pre-approved clauses and terms, reducing the time spent on drafting. AI-driven comparisons and real-time negotiation support streamline revisions, accelerating the overall contract cycle and speeding up deal closure.
Efficient Vendor and Sourcing Management
Use Case: A global company managing multiple vendor contracts needs to streamline its vendor management process and ensure that all contracts are consistent, up-to-date, and compliant.
Solution: Avivo’s central contract repository provides a single source of truth for all vendor contracts, with AI-driven insights into contract terms, compliance obligations, and performance metrics. Automated alerts keep vendor obligations on track, improving vendor relationships and reducing risks associated with missed deadlines or non-compliance.
Real-Time Contract Insights for Decision Making
Use Case: An executive team at a financial services firm requires quick access to contract data to inform critical business decisions, but manual searches through contract databases are time-consuming and inefficient.
Solution: With Avivo’s chatbot and contract intelligence features, executives can instantly retrieve relevant contract data, such as renewal dates, pricing terms, or performance metrics, through simple queries. This enables more informed, data-driven decisions and fosters greater agility within the organization.
