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SirionLabs Cited as a SaaS Vendor to Watch in the Enterprise Contract Management Category by Gartner

The report summarizes the market trends that are driving the adoption of software as a service (SaaS) applications across industries and business functions.

Troy, MI, USA, 27 January, 2016: SirionLabs, the leading provider of advanced vendor management technology products, today announced that it has been listed among the Vendors to Watch under ‘Enterprise Contract Management’ category in Gartner’s ‘Market Trends: Future Look at SaaS in the Application Markets’ report. Published on November 25th, 2015, this report has been authored by Gartner analysts Joanne M. Correia, Yanna Dharmasthira, Chad Eschinger, Tom Eid, Chris Pang, Jim Hare, Nigel Montgomery, Robert P. Anderson and Hai Hong Swinehart.

Software-as-a-Service (SaaS) applications have emerged as the optimal choice for enterprise application buyers who continue to face constant pressure to mitigate operational costs, search for less capital-intensive alternatives, and adopt more modern software. Vendors too are responding to the evolving market requirements by enriching their cloud offerings, increasing geographical footprint of data centers to provide local data residency, forming industry-specific partnerships, and enabling easier enterprise wide integration. As stated in the report, “Initial concerns about security, response time and service availability, while still present, are declining for many organizations as SaaS business and computing models have matured and adoption has become more widespread.”

“Benefits such as rapid deployment and faster access to innovation have made SaaS based delivery models the preferred choice of decision-makers at large global organizations. SaaS based applications are revolutionizing the enterprise applications space by delivering contemporary software that is collaborative, mobility friendly and highly secure, and offers advanced analytics, configurability and scalability as per the buyer’s dynamic requirements”, said Ajay Agrawal, Founder and CEO, SirionLabs, adding, “We at SirionLabs are proud of being at the forefront of this transformation delivering the next-generation SaaS vendor management software that not only enables large enterprises manage their contracts effectively, but also seamlessly integrates it with performance, financial, risk and relationship management throughout the lifecycle of the contract. We believe our citation among ‘Vendors to Watch’ by Gartner reiterates our position as a premier SaaS provider for enterprise contract management”.

Gartner subscribers can read the full report here – https://www.gartner.com/doc/3172034/market-trends-future-look-saas

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