What are Agile Contracts?
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Agile contracts focus on collaborative, end-goal-oriented relationships between suppliers and customers, allowing for flexibility and early feedback through provisions like early cancellation clauses. They can be structured as incremental delivery contracts or time and materials agreements, fostering frequent collaboration and efficiency. Aavenir's AI-enabled Contractflow facilitates the management of these contracts within ServiceNow, offering features for creation, collaboration, approval, and storage.
What are Agile Contracts?
- 2. What are Agile Contracts? Focused on achieving end goals Collaborative mindsets Provisions such as Early Cancellation Clauses for early feedback or Graduated Fixed price the supplier and the customer together define their common assumptions in terms of the business value, implementation risks, expenses (effort) and costs
- 3. Types of Agile Contracts Incremental Delivery Contracts ● Gradual building of the needed product ● Flexible and allows for ongoing improvements ● Predetermined review points ● Allows a longer project to be broken up into mini projects ● Used for the development of software Time and Materials ● Supplier is paid for the time spent creating a product ● Costs of the contract as low as possible ● encourages efficiency and protects the purchaser ● Flexibility and agility
- 4. Benefits of Agile Contracts Increased and Frequent collaboration among stakeholders Flexibility in authoring and managing contracts The projects are managed in shorter sprints and can be easily managed Focuses on the win-win situation for all stakeholders.
- 5. Manage Agile Contracts on ServiceNow Aavenir AI-enabled Contractflow offers various features such as: ● Request - Quickly create Contracts using pre-approved templates. ● Collaborate - Streamline internal reviews, negotiations, and approvals ● Approve & Sign - Faster Approvals and e-signatures ● Manage - Centralized repository for contract storage and smart dashboard for tracking and renewal Companies that have benefited greatly by implementing Contractflow include the Prestigious Johns Hopkins University and Reece Group
- 6. Free Demo Session Get a live demo of Aavenir Source to Pay solutions to know how Aavenir can address your enterprise's unique business challenges and goals. We provide live demonstration for following Aavenir S2P solutions: ● Contractflow - Contract Lifecycle Management on ServiceNow ● RFPflow - Request for Proposal Management on serviceNow ● Invoiceflow - Account Payable Automation on ServiceNow ● Obligationflow - Contractual Compliance Management on ServiceNow Visit: https://aavenir.com/demo/
- 7. Get Free Resources Watch Webinar Automate Sourcing using RFx Calculate ROI of CLM Solution Test Drive Contractflow Contract Analytics with Visual Dashboards E-book - Digitize Strategic Sourcing Calculate ROI Free Demo Read Blog Explore Now
- 8. Delivering Future of Work www.aavenir.com linkedin.com/company/aavenirinfo contact@aavenir.com twitter.com/AavenirInfo