Consumer Packaged Goods

Sirion enables CPG organizations to reduce costs, improve time to market and enhance customer engagement by effectively managing services suppliers through analytics-driven tracking of performance, invoices and relationships in real time

Consumer Packaged Goods

Collaborating With Suppliers to Connect With Consumers

In the Consumer Packaged Goods (CPG) universe, consumers demand greater engagement, competition is driving rapid innovation and input costs are volatile even as market growth remains unpredictable. This requires CPG companies to strike a difficult balance between guarding current margins and investing in future growth. Suppliers play a key role in getting this balance right: CPG companies work with a wide range across the entire journey, from product development to manufacturing to retail to post-sales. As more and more of these supplier engagements become services-centric, CPG companies are realizing that their traditional, manual contract management processes—which were designed for goods and commodities suppliers—cannot drive full value realization in services contracts.

This presents a tremendous opportunity for CPG companies to unlock significant savings and gain an edge over the competition through a technology-led and analytics-driven approach to drive improved performance, innovation and cost savings in their services supplier engagements.

Key Services Outsourced

  • Business processes (e.g. finance & accounting, HR)

  • Customer care

  • Facilities management

  • IT (e.g. application development and maintenance, data centers, network, and end-user computing)

  • Logistics

  • Telecom

  • Waste management

“Traditional procurement technology landscape does not effectively support automation, innovation and analytics.”

Hugo Evans, Vice President

“Sirion combines core CLM components with supplier management capabilities.”

The Challenges

  • There’s no integrated view of risks and opportunities in the contract portfolio
  • Understaffed and manual contract governance capability with supplier obligations tracked on spreadsheets and ineffective tracking of contract changes
  • Clients rely heavily on suppliers to self-report performance and ensure invoicing accuracy—there’s very limited validation capability

Sirion for CPG

Sirion offers an AI-driven, integrated platform for CPG companies to manage contracts, performance, invoices and relationships in buy-side services contracts.

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Easily identify and correct invoicing discrepancies by auto-validating invoice data against underlying contractual obligations and performance data

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Drive improved alignment and collaboration between buyer and supplier teams through a shared view of contract and performance data, and through data-backed relationship governance

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Featured Resources

Webinars

How Vodafone is Building the Future of Commercial Contract Management

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Whitepapers

2019’s Dominating Trends in Supply Chain Will Be Driven by Smarter Computing

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Blog

Realizing Increased Value from Outsourced Services in 2017

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