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Webinar Overview
Aéroports de Montréal (ADM) – a leading airport authority in Canada – decided to turn the disruption caused by the pandemic into a strategic opportunity to build a resilient future for its business. Watch this webinar to discover how (ADM) streamlined its contracting processes by deploying Sirion’s full-lifecycle contract management platform. Discover the pain points that brought them to the decision, key benefits, and the road ahead.
Watch on-demand below.
How To Save Money And Increase Efficiency with CLM
Speakers
Philippe Stas
Director of Strategic Procurement, Aéroports de Montréal (ADM)
Newsha Neishaboory
Sirion Lead, Fluxym
Mark Voytek
Chief Customer Officer, Sirion
The Highlights
ADM’s digital transformation journey improved business outcomes, efficiencies, and hard dollar savings in its supplier relationships. Let’s explore some of the strategies and benefits that ADM discovered by implementing a robust AI-powered CLM system.
Streamlined Contract Management
Implementing a powerful CLM tool can drastically reduce manual and resource-intensive processes. It democratizes contract access, making it easier for various team members to find and utilize contract information efficiently.
Customization and Accountability
With CLM tools like Sirion, organizations can customize contracts to meet specific needs without additional labor resources. It holds suppliers accountable for their performance, directly tying it to the contract’s KPIs, thereby reducing discussions and justifications around performance metrics.
Operational Efficiency and Savings
Deploying a CLM leads to significant operational efficiencies. For example, companies can reduce manual effort and speed up contract drafting by automating contract management processes, leading to substantial cost savings and fewer vendor disputes.
Enhanced Supplier Relationships
A streamlined contract management process allows for more strategic discussions with suppliers. By removing friction and focusing on facts and performance data, companies can shift conversations from contractual disputes to value-added services and future projects.
Taking Action with Contract Management
Adopting a CLM system like Sirion offers tangible benefits in terms of operational efficiency, cost savings, and improved supplier relationships. By customizing contracts and automating management processes, organizations can focus on strategic goals and enhance their overall procurement and contract lifecycle management practices.
When it comes to contract management, business teams have often historically “set it and forget it” — but a contract can be a vital source of business insight when managed well.
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