Contracts/End-to-end CLM
logo

AI-Native Contract Lifecycle Management Platform

by Sirion

Overview

Accessible contract data and consistent contracting processes are key to effective contract management. That’s why Sirion provides one comprehensive, AI-native CLM platform to help enterprise teams mitigate risk and maximize value throughout every phase of the contract lifecycle.


The Contract Lifecycle: Store, Create & Manage

Store

Before businesses can effectively protect their existing contractual rights or optimize their new contracts, they need to know where all of their contracts are and what’s in them. 
Benefit from:

  • Contract Extraction: Transform business agreements into sources of actionable insight.
  • Intelligent Repository: Extend your line of sight by organizing digitized contracts in a secure repository.
  • Conversational Search: Use GenAI to get quick, accurate answers to any question about your contracts.

Create

Teams create value by negotiating contracts that protect the business’s interests in its dealings with third parties — or they protect the business by walking away without a deal, if the risks of an agreement outweigh the benefits. 

Managing contract risk and creating value start before teams even get to the negotiation table. To maximize negotiation effectiveness across functional silos, enterprise legal teams need to establish and enforce organizational standards. 

Benefit from:

  • Contract Authoring: Set up enterprise playbooks to guide negotiation, and create first drafts in minutes from anywhere.
  • AI Contract Review: Detect and get clear explanations of issues in contract drafts and existing contracts.
  • AI Contract Redline: Get AI-recommended redlines to align contract drafts with your playbooks.

Manage

After signing a contract, businesses capture that value by managing contractual obligations and protecting their contractual rights. 

  • Contract Performance: Use AI to monitor real-time performance against contractual promises.
  • Contract Administration: Collaborate with counterparties to manage governance meetings, disputes, and claims.
  • Contract Optimization: Use AI to tame the growing complexity of your contract management processes.

In June 2024, Sirion announced the acquisition of Eigen Technologies.

View more
RESOURCES
Official website
HEADQUARTERS
US
LANGUAGES
Configurable,
English,
French,
German,
Italian,
+14 more
X-Twitter
YEAR FOUNDED
2012
REGIONS SERVED
Global
Areas of Use
TARGET AUDIENCE
Corporate Legal
TYPE OF USER
  • Entire Organization
  • Finance
  • General Counsel
  • Lawyers
  • Operations
    • EXISTING CUSTOMERS
    Vodafone,
    Greater Toronto Airports Authority,
    Raffeisen Bank International,
    Allianz Global Investors,
    Unilever,
    University College London Hospitals,
    Bank of New York Mellon
    PRACTICE AREAS
  • Neutral
    • Value Proposition
    Value Proposition
    Similar Solutions
    “Contracting was siloed. Within the legal department, contracting-related processes were happening in a disjointed manner. Simple things, like version control, were super painful. Storage of executed contracts happened across multiple repositories, which made it impossible to find insights quickly.”
    avatar

    Legal Operations Head, Oaktree Capital Management

    “The lack of compliance and the lack of being able to find some of our contract material was a big concern from an audit perspective. So creating a central repository was the key, but then really looking at it in terms of efficiency, standardization, workflow, automation, and being able to unlock the value of the multitude of information in our contracts through dashboarding and reporting.”
    avatar

    Manager of Legal Operations, Chemours

    “We had no visibility into workflow, so our contract turnaround time was around 90 days, but we had no idea what part of the the workflow was causing this. We were hearing that the lawyers take too long. So, we wanted a way to be able to show where exactly the bottlenecks were.”
    avatar

    Senior Manager, Legal Operations and Paralegal Services, NLG

    “We want to set up the standards together with the business units and then outsource the legal work to the business. Tell them, ok, these are the clauses you can use. This is the template. So, please compile your contracts following your decision tree logic.”
    avatar

    Frank Stoessel , Head of Legal Operations, DHL

    “We just lacked visibility into our contracting progress and process as a whole. Everything was manually done via e-mail; we logged into a SharePoint to engage with our legal partners.”
    avatar

    Head of Enterprise Sourcing Operations, BNY Mellon

    “Contracting was siloed. Within the legal department, contracting-related processes were happening in a disjointed manner. Simple things, like version control, were super painful. Storage of executed contracts happened across multiple repositories, which made it impossible to find insights quickly.”
    avatar

    Legal Operations Head, Oaktree Capital Management

    “The lack of compliance and the lack of being able to find some of our contract material was a big concern from an audit perspective. So creating a central repository was the key, but then really looking at it in terms of efficiency, standardization, workflow, automation, and being able to unlock the value of the multitude of information in our contracts through dashboarding and reporting.”
    avatar

    Manager of Legal Operations, Chemours

    We use cookies to monitor the performance of our website, improve user experience, and assist in our marketing efforts. By continuing to browse our site, you agree to our use of cookies.