Pharma and Life Sciences

Sirion enables pharmaceutical and life sciences companies to effectively collaborate with services suppliers in a transparent and analytics-driven environment, driving improved business outcomes, innovation and financial value

Pharma & Lifesciences

Managing Suppliers at a Molecular Level

The pharmaceutical and life sciences industry today faces challenges on many fronts: The pipeline of blockbuster drugs is drying up, the cost of developing new drugs keeps rising, pressure from payers and policymakers is increasing, and maintaining R&D productivity is always difficult. As a result, companies must find ways to drive down costs and improve operational efficiency—and a close, collaborative relationship with suppliers can be very beneficial.

But this is not easy given the sheer scale, geographical distribution of suppliers, and the numerous downstream subcontractor relationships. What adds to the complexity is the emergence of outsourcing suppliers in the pharmaceutical and life sciences supply chain – from contract research and contract manufacturing to IT and back-office functions.

As the supply chain becomes more services-centric, the traditional, manual approach for contract and supplier management is proving to be inadequate in ensuring that strategic suppliers meet their contractual commitments. This can cause delayed product launches, cost escalations and regulatory issues.

Key Services Outsourced

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

  • Contract research and manufacturing

  • Facilities management

  • IT (e.g. application development and maintenance, architecture and engineering support, network, and service desk services)

  • Laboratory services

  • Logistics

  • Pharmacovigilance

  • Telecom

“Modern contract management must go beyond the traditional pre-signature focus.”

Andrew Bartels, VP and Principal Analyst

“We chose Sirion due to its advanced capabilities for managing complex services contracts post-award.”

Tim Jaggard, Finance Director

The Challenges

  • A significant portion of the total third-party spend is focused on buying services, making in-life management of contracts even more important
  • 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 Pharma and Life Sciences

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

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SIRION CONTRACT LIFECYCLE MANAGEMENT
Bring contracts to life with Sirion - from authoring through performance to renewal
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Products

Simplify the contract authoring process and significantly reduce the time and effort needed to create and approve new contracts

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Gain complete visibility and control over your contract portfolio through Sirion’s powerful contract repository: Leverage hierarchical document storage, auto-extraction of contract data, and advanced change management capabilities

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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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Improve performance delivery with a comprehensive and automated approach that streamlines the capture, computation and monitoring of obligations and service levels, and link performance to real business impact

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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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Use BI-powered analytics to gain unmatched visibility of risks and opportunities in the contract portfolio, enabling superior decision making at both operational and strategic levels

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Featured Resources

Whitepapers

Hunting Mice While the Elephants Run Wild

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Webinars

Why Modern Contract Management is a Must in Today’s Procurement World

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Case Studies

UCLH Case Study – How the Trust Could Save £20M Over 5 Years

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Sirion Can Help You Achieve Better Business Outcomes

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