SirionLabs Named a Value Leader in Spend Matters’ Contract Lifecycle Management SolutionMap For Seventh Time in a Row
SirionLabs’ CLM platform recognized in the highest designation of the analysis for all user personas
Seattle, WA – April 22, 2021 – SirionLabs, the leader in AI-powered contract lifecycle management (CLM) technology, today announced that it has been positioned as a Value Leader in Spend Matters’ Spring 2021 SolutionMap of Contract Lifecycle Management vendors. Value Leader is the highest designation in the analysis indicating both, high customer and analyst scores.
Spend Matters’ SolutionMap is a definitive procurement technology benchmark due to the depth of analyst assessments, quantity of real-life customer inputs, and frequency of release to accurately reflect vendor updates at the speed of the market. SirionLabs has maintained its ‘Value Leader’ position for the seventh successive evaluation in all four buyer personas – Deep, Configurator, Turn-Key, and CIO-Friendly.
“Our consistent performance in SpendMatters’ Solution Map – ranking as a leader in all 28 assessments since the inception of the analysis – is a result of our unmatched CLM technology and the ability to deliver high-impact innovations. SirionLabs’ industry leading scores across analyst and customer assessments further validate our performance as a top-ranked CLM solution in the market,” said Ajay Agrawal, Chairman and Co-Founder of SirionLabs. “Over the past year, we’ve witnessed contract management rise as a strategic priority for organizations. SirionLabs’ AI-powered contract authoring, analytics and performance management capabilities empower clients to effectively manage this critical area delivering improved risk control while driving business performance and growth.”
Trusted by more than 200 industry-leading organizations including Vodafone, BP, Unilever and Raiffeisen Bank, SirionLabs’ platform harnesses the power of artificial intelligence technology to streamline the complete contracting lifecycle – from contract authoring and portfolio risk management to ongoing performance and compliance management – for all types of enterprise contracts. By enabling fast and accurate insights across the contracting process, SirionLabs allows organizations to improve business performance, mitigate risk and strengthen customer and supplier relationships.
“The real advantage of using the persona-based SolutionMap approach in CLM is the ability to map market segments individually to your own organizational requirements, wants and needs,” said Pierre Mitchell, Chief Research Officer at Spend Matters. “If you only need basic buy-side CLM support as part of a broader procurement suite, there’s one set of plentiful options. If you want deeper enterprise CLM, that requires other options. And if you want to push the boundary and have the solution actually help you diagnose and improve the contract language itself (e.g., using AI), then only a few providers are rising to the top to seize this emerging opportunity.”
This Spend Matters recognition is the latest in a series of honors for SirionLabs. The company was recognized as a Leader in the recently published Forrester CLM Wave Report 2021, a Visionary in Gartner’s 2020 CLM Magic Quadrant, and positioned as a leader in IDC’s Worldwide Buy-Side CLM Applications 2021 Vendor Assessment. Furthermore, SirionLabs was recognized by Fast Company as one of the Most Innovative Companies in the Enterprise segment in 2021.
Download the full report for additional insight here.
SirionLabs, the SaaS leader in enterprise contract management (CLM), helps enterprises manage the complete contracting lifecycle on a single, easy-to-use platform. Founded in 2012, SirionLabs applies breakthroughs in artificial intelligence to meet the needs of businesses in the digital age.
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. With more than 500 employees across three continents, SirionLabs enables leading companies such as Vodafone, Unilever and BP to manage 3.5+ million contracts across 100+ countries. For more information, visit 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.