Contracts/End-to-end CLM
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Sirion

by Sirion

Overview

Sirion CLM enables businesses to address their contract management needs through introducing integrated functionality across the complete contracting lifecycle – from authoring and negotiation to AI-powered legal review, automated risk assessment, and ongoing performance management. It connects all enterprise teams on a single, easy-to-use platform and delivers real-time insights across the contracting lifecycle for improved risk control, operational resilience and accelerated growth.

Here's a quick snapshot of Sirion's key capabilities:

Digitization: Get complete visibility into your contract portfolio, manage risk and compliance, and unlock contract intelligence.

Contract Analytics

  • Digitization of legacy contracts
  • AI-driven contract extraction and multi-level, parallel review
  • Missing clause and deviation analytics.

Contract Setup

  • Access-controlled centralized contract repository.
  • Full-text, metadata & clause-level search capabilities.
  • Integration adaptors to connect with & pull in contracts from other IT systems.
  • Enterprise contracting playbook comprising approved templates, clauses, & variations.

Contracting: Enhance collaboration, reduce cycle time, and author stronger, compliant contracts.

Contract Authoring
 

  • Self-service contract assembly wizard.
  • System-suggested templates.
  • Smart tags to auto-populate metadata fields embedded in templates.
  • Intuitively author pricing tables during the contract drafting process.

Contract Negotiation, Approval & E-Signature

  • MS Word plugin that supports concurrent redlining, native chat, auto reconciliation, and clause library access.
  • Auto-approval workflows.
  • AI-led legal review of counterparty papers to highlight clause deviations and missing clauses.
  • Seamless e-signature through integration with leading tools.

Performance: Proactively track renewals and expirations, manage obligations, and drive operational performance.

Obligation Management

  • Visual monitoring of obligations and service-levels, and fulfillment tracking against the contract.
  • Automated cascading of obligation financial impact (penalties and payments) to invoice line item-level.

Renewal & Expiration

  • Alerts and advance notifications through dashboards, reports, and emails.
  • Management of all types of contract terms, such as perpetual, auto-renewal, fixed."

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

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RESOURCES
Official website
HEADQUARTERS
US
LANGUAGES
Configurable,
English,
French,
German,
Italian,
+14 more
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
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    “Sirion has made our complete contract lifecycle smarter. From intelligent authoring and collaboration, to controlling risk and managing vendor performance - our business is stronger as a result.”
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    Reinhard Plaza- Bartsch, Head- Digital Supply Chain & Operations, Vodafone

    “SirionLabs provides the thought leadership and the ecosystem that allows you to connect with vendors. All the vendor management aspects get managed automatically in SirionOne.”
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    Helmut Boisch, Global Head of Vendor Management, Allianz GI

    “SirionLabs automated all our manual touchpoints. The solution provides a single source of truth that helps our teams and the leadership understand how well our contracts are performing.”
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    Angella Dikmick, Manager of IT Vendor Management, GTAA

    “All our contracts are established and maintained in SirionOne, a fit-for-purpose CLM solution. Today, we manage all our regulatory requirements, adapt smartly to banking changes and leverage rich insights for real-time reporting, through SirionLabs.”
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    Edzard Janssen, Chief Procurement Officer, Raiffeisen Bank International

    “Sirion has made our complete contract lifecycle smarter. From intelligent authoring and collaboration, to controlling risk and managing vendor performance - our business is stronger as a result.”
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    Reinhard Plaza- Bartsch, Head- Digital Supply Chain & Operations, Vodafone

    “SirionLabs provides the thought leadership and the ecosystem that allows you to connect with vendors. All the vendor management aspects get managed automatically in SirionOne.”
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    Helmut Boisch, Global Head of Vendor Management, Allianz GI

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