SirionLabs is one of the names included in the Top Contract Negotiation Solutions Providers list in 2023. With their solutions allowing the big names in various industries to make contracts easily, author strong agreements, manage risks, and increase compliance, Sirion keeps proving that contract negotiation and management solutions can get even better.
The company’s leading contract lifecycle management (CLM) platform, SirionOne, is one example. As an AI-powered solution that gives legal teams valuable, actionable insights from their contracts, enabling them to streamline contract processes, speed up approvals, and mitigate compliance risk, the platform is responsible for the significant time- and resource-savings it facilitates. Built on a foundation that combines machine learning and natural language processing and trained on a vast array of documents and industry data, Sirion’s AI-led capabilities are exceptional in importing and organizing legacy contracts, negotiations, and contract reviews.
Perhaps, this is why SirionOne has been recognized by LegalTech Breakthrough, an independent market intelligence organization, as the Contract Lifecycle Management Platform of the Year 2022. This is only one among the numerous awards and accreditations that SirionLabs have received throughout the years.
Considering the solutions offered by SirionLabs’ competitors, it is safe to say that the firm remains unrivaled in Contract Lifecycle Management expertise. Combined with category-leading innovation and a deep commitment to customer success, Sirion continues to stretch the possibilities of helping the biggest businesses in the world contract better and smarter.
Integrating AI to manage the entire contract lifecycle makes Sirion’s solutions unique. SirionLabs’ easy-to-use, highly configurable Smarter Contracting platform brings legal, procurement, sales, and business teams together to author stronger contracts, improve risk management and strengthen counterparty relationships. Trusted by over 250 leading organizations to manage 5+ million contracts worth more than $450 billion across 70+ countries, Sirion leads the industry with data-rich contracting AI.
Sirion’s capabilities offer a full spectrum of CLM capabilities that help author, negotiate and execute contracts and securely store, interrogate, and manage them through renewal or expiration. By offering such a solution, Sirion continues to feed rich performance data and risk analytics into the contract creation process, empowering enterprises with actionable insights to create progressively stronger agreements, mitigate prospective risks, and negotiate more favorable terms.
“The demand for CLM as a mission-critical asset for businesses has been growing rapidly,” said Ajay Agrawal, CEO of SirionLabs. “I’m pleased that our comprehensive approach to CLM that extends to keeping track of performance after the contract is awarded is recognized. Even more gratifying is the fact that feedback from our customers played a key role in earning this recognition.”
Sirion’s ability to extract and organize the data in contracts to generate business value makes it stand apart from its competitors in the CLM industry. Another key differentiator is the ability to monitor and manage performance after the contract is signed. SirionOne excels in automating the legal review and negotiations process, digitizing legacy contracts, and enabling advanced risk assessment and analytics across the contract portfolio. This comes in handy when a client needs to manage more than a thousand contracts at once.
Clients who work with Sirion start by digitizing their contracts and gradually manage to automatically identify and fix areas where value leakage, performance issues, and service level deviations could negatively impact business outcomes. This also helps them make a dent in the time- and cost-consuming inefficiencies of manual contracting processes. In the end, cost savings, improved risk mitigation, and booming supplier performance and customer experience come with collaborating with Sirion.
