Sirion Contract Lifecycle Management

AI-driven contract authoring, governance and analysis

Sirion Contract Lifecycle Management

From Authoring to Renewal: Seamless Functionality Across the Contracting Lifecycle

Contracts are at the core of business relationships. Effective management of contracts across the lifecycle is necessary to realize full value and minimize risk. IACCM research indicates that, on average, poor contract management can bleed 9% of annual revenue.

As the world of transactional buying continues its shift from simple goods and commodities towards complex services, the business outcomes, and in turn, the contracts have become increasingly complex. With this increasing complexity, the traditional risk-centric approach to contract management must evolve to include the realization of intended business outcomes as its key objective. This transformation is proving to be a challenge as contract management at most organizations exists in a disjointed state with functional and technological silos separating pre-signature and post-signature disciplines.

Traditional contract management technology, with its truncated view of the contract lifecycle, focuses on the front-end authoring process and fails to effectively manage the contract after signature, leading to sub-optimal value realization and unwanted risk exposure.

Enter Sirion. Sirion Contract Lifecycle Management (CLM) enables legal and contract management teams to meet the complex needs of today’s businesses by offering seamless functionality across the complete lifecycle of a contract – from authoring and signature to active in-life management through termination.

Benefits

Legal Eagle Efficiency

Accomplish more in less time with an endless array of AI and automation capabilities – from a full-feature MS Word add-in to AI-driven analysis of counter-party paper

Better Contracts with Data-driven Negotiation

Leverage unprecedented analytics while you negotiate – perform version comparisons, access deviation & usage data, and analyze in-life performance trends of similar clauses

Mitigate Risk

Manage risk at every step in a contract’s lifecycle – from ensuring compliance with company positions, templates and approval protocols to in-life contract management

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Product Brief

Learn more about Sirion’s contract lifecycle management functionality

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Overview Video

A 2-minute video overview of Sirion CLM

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System Capabilities

Learn more about the features that power Sirion CLM

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Sirion Advantage

Adherence to Standards

Sirion’s clause and template libraries ensure all contracts adhere to standard company positions and templates, minimizing risk across the enterprise

Sirion Advantage

One-click Draft

Place a contract draft request and let Sirion guide the way: From suggesting which template to use to automatically populating key data throughout the draft, Sirion CLM automates the obvious

Sirion Advantage

AI-driven Draft Analysis

Sirion CLM applies proprietary NLP and machine learning algorithms to automate analysis of contract drafts against company-approved clause positions

Sirion Advantage

Word for Word

No need for technology legalese: Sirion’s MS Word add-in enables users to negotiate, redline and compare drafts in the familiar MS Word environment, while providing native access to the enterprise clause library and saving new versions back to Sirion

Sirion Advantage

Expedite Approvals and Signature

Streamlined approval workflows to align with business processes and seamless eSignature integration for speedy and secure execution

Sirion Advantage

Centralized Storage of Contracts

Store all contract drafts, signed contracts, artifacts and business documents—including email communications—in a highly secure, centralized and easy-to-manage repository

Sirion Advantage

Complete Control After Signature

Track renewals/expirations and ensure granular monitoring of post-signature milestones, deliverables and obligations

Sirion Advantage

Deep Analytics

The sky’s the limit with SirionBI: Access out-of-the-box analytics on draft status, process bottlenecks, attorney management, time-to-closure, clause usage, deviation analysis, expiration/ renewals and in-life performance of clauses. Or just create your own!

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

Andrew Bartels, VP and Principal Analyst

“Sirion is one of the few contract management systems that can consistently demonstrate an ROI.”

Tim Cummins, President

Featured Resources

Reports

SirionLabs Recognized as Value Leader in Spend Matters CLM SolutionMap

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Webinars

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

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Reports

Spend Matters Report: SirionLabs – What Makes It Great

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Sirion Can Help You Achieve Better Business Outcomes

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