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.

Solutions

In-House Legal

Contract Repository

A contract repository provides a centralized, secure hub for managing all current and legacy contracts, with integration options that allow stakeholders to access it through their preferred business systems.

AI Insights

AI Insights provides advanced contract analysis by identifying clauses based on contextual meaning rather than mere labels. This enables rapid detection of clause variations across a contract portfolio or verification of missing clauses in specific documents under review.

Workflow Automation

Automated contract workflows and templates tailored to each business team enable self-service contract generation, incorporating built-in guidelines and guardrails that are automatically enforced.

Dashboards & Reporting

AI-powered, customizable dashboards and reports offer executive-ready, real-time data visualizations on contracts and contracting workflows.

Integrations

Empower business teams with intuitive workflows and timely insights powered by seamless, two-way integrations between your CLM and their preferred business systems.

Contract Repository

All contracts are centralized in a secure, easily searchable repository that integrates seamlessly with other business systems.

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