SirionLabs Named 2022 Contract Life Cycle Management Platform of the Year by LegalTech Breakthrough
Annual Awards Program Recognizes the Top Technology Companies, Products and Services in the Legal Industry
SEATTLE, Wash., Nov. 21, 2022 – SirionLabs, global leader in AI-powered contract lifecycle management (CLM), announced that it has been recognized by LegalTech Breakthrough, an independent market intelligence organization, as Contract Lifecycle Management Platform of the Year. The award program attracted more than 1,450 nominations from over 12 different countries throughout the world.
Sirion’s leading contract lifecycle management (CLM) platform, SirionOne, is 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. 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 yield significant time- and resource-savings in importing and organizing legacy contracts, negotiations and contract review.
Sirion offers the full spectrum of CLM capabilities to help not only author, negotiate and execute contracts, but also securely store, interrogate and manage them through renewal or expiration. In doing so, Sirion continues to feed rich post-award performance data and risk analytics back into the contract creation process, empowering enterprises with actionable insights to create progressively stronger agreements, mitigate prospective risks and negotiate more favorable terms.
“Sirion leads the market in data-rich contracting AI, enabling our customers to access advanced analytics and risk assessment insights across their contract portfolios.” said Evangelos Apostolou, General Counsel of SirionLabs. “We’re delighted to be recognized as CLM Platform of the Year by LegalTech Breakthrough Awards.”
“Fortune 100 companies typically manage 20,000-40,000 active contracts at any given time. While contracts are among an organization’s most valuable assets, they are also a major time investment and represent a tremendous potential risk,” said Bryan Vaughn, Managing Director of LegalTech Breakthrough Awards. “SirionOne’s robust AI capabilities enable the automation of end-to-end contracting processes for increased productivity as well as the extraction of valuable contract data for smarter contracting and improved risk management. Congratulations to Sirion for winning this years’ award for Contract Life Cycle Management Platform of the Year.”
This award follows on the heels of an impressive list of analyst recognitions. Most recently, Sirion received the highest of rankings for Life Cycle Use Case in the 2022 Gartner Critical Capabilities for CLM report, was named a Leader in the 2022 Gartner Magic Quadrant for Contract Life Cycle Management, and was recognized as a Gold Medalist and Leader for CLM in 2022 SoftwareReviews.
Bringing together category-leading innovation, unrivaled Contract Lifecycle Management expertise, and a deep commitment to customer success, SirionLabs helps the world’s leading businesses contract smarter. Powered by intelligence uniquely connected across the complete contract lifecycle, 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. SirionLabs is trusted by over 250 leading organizations to manage 5+ million contracts worth more than $450 billion across 70+ countries. For more information, visit www.sirionlabs.com.
About LegalTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the LegalTech Breakthrough Awards program is devoted to honoring excellence in legal technologies, services, companies and products. The LegalTech Breakthrough Awards program provides a forum for public recognition around the achievements of LegalTech companies and solutions in categories including Case Management, Client Relations, Data and Analytics, Documentation, Legal Education, Practice Management, eDiscovery and more. For more information visit LegalTechBreakthrough.com