SirionLabs Named a 2020 ‘Provider to Know’ by Spend Matters for its Enterprise Contract Management Technology
Contract lifecycle management innovator recognized for its role in transforming how enterprises engage with each other in commercial engagements
New York, NY, 27 April: SirionLabs, the value leader in contract lifecycle management (CLM) technology, today announced that it has been recognized by Spend Matters on its ‘50 Procurement Providers to Know’ list for 2020.
Spend Matters, one of the top analyst firms in the procurement space, publishes the annual listing of ‘50 Providers to Know’ recognizing best-in-class providers of procurement technologies and services. The list is highly regarded as a go-to resource for procurement organizations for their vendor selection decisions. This is the fifth year in a row that SirionLabs has received this recognition.
Commenting on SirionLabs’ inclusion in the list, Nick Heinzmann, Research Analyst, Spend Matters stated “In a world where everything businesses purchase is increasingly consumed “as a service,” contracts are taking on increased importance as a commercial system of record for all transactions, processes and obligations that a company must manage. SirionLabs is a contract lifecycle management solution uniquely positioned to address this challenge, bringing not only top-tier contract management functionality but also specialized capabilities for driving ROI from complex services projects. The firm’s mix of strong technical performance, consistent customer satisfaction metrics and vision for extending the reach of CLM activities make it an obvious Provider to Know — for the last four years and again for 2020.”
“We are pleased to be recognized yet again by Spend Matters as a best-in-class procurement technology company. For far too long, CLM has remained a peripheral technology for enterprises – offering limited value as an efficiency tool. We are changing this with Sirion CLM which was built as a front-end collaboration tool to bring businesses closer together,” said Ajay Agrawal, Co-founder and Chairman, SirionLabs. “With its AI-powered functionality across the full lifecycle of buy-side and sell-side engagements, Sirion operates as a core technology for our clients enabling their business alongside other key technologies like ERP, P2P and CRM.”
SirionLabs, the SaaS leader in enterprise contract management (CLM), helps enterprises manage the complete contracting lifecycle on a single, easy-to-use platform. Sirion’s AI-powered capabilities – from smart contract authoring to auto-contract extraction, advanced obligation management and collaboration – enable enterprises to drive business velocity and outcomes, reduce risk and enhance revenue and savings in commercial engagements. Sirion’s competitive edge over traditional CLM solutions is acknowledged by analysts, business leaders and practitioners. Sirion CLM is used by companies such as Unilever, BP and Qantas to manage 3.5+ million contracts across 100+ countries.
More information about SirionLabs is available at www.sirionlabs.com.
About Spend Matters
Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner. Spend Matters is owned and managed by Azul Partners, Inc.