Everything You’ve Wanted to Do with Contracts, Just AskSirion
- Last Updated: Feb 04, 2025
- 8 min read
- Sirion
For years, Contract Lifecycle Management (CLM) software has helped businesses manage contracts, but the experience of dealing with it has remained rigid and complex. Nowadays, Generative AI is altering the game, transforming how businesses access, analyze, and act on contract data. Yet unlocking this value requires more than AI itself, it requires an intuitive, conversational interface that enables users to ask questions and get immediate, actionable answers.
That’s where AskSirion comes in. As the world’s first AI-powered contract management agent, AskSirion transforms contracts from static documents into a dynamic, interactive experience, enabling instant insight along with action.
The Challenges: A Broken Experience in Contract Access and Action
If you ever found yourself rummaging for information you need for hours inside a contract, or spent hours stumbling around a complicated system to take a certain action, you are not alone. Contracts have essential business data, yet the way most businesses pull that information and put it to work remains time-consuming and archaic.
Challenge #1: Finding Insights Shouldn’t Feel Like a Hunt
Contracts hold millions of dollars’ worth of risks and opportunities, but even finding the right document can feel like a scavenger hunt. Important dates, terms, and compliance information are buried across repositories, forcing teams to spend hours sifting through files just to get the information they need.
The impact goes beyond frustration, it’s expensive. IACCM reports that a typical business with 1,000 employees wastes $2.5 million to $3.5 million each year just searching for and recreating lost documents. That’s money slipping away simply because contract data is locked in systems that make access difficult.
It’s not just companies that struggle, 90% of contracting professionals say finding specific documents is a challenge (EY Source). That is time lost, frustration mounting, and decisions delayed.
But finding documents is only half the battle. Getting actual insights, like risk exposure, financial obligations, or negotiation trends, can take days or even weeks. The data isn’t just in one place; it’s scattered across contracts, different systems, and even different teams. Someone has to pull it all together, clean it up, and analyze it before a clear answer emerges.
Challenge #2: Clunky Interfaces Keep Businesses from Taking Action
Even when users find the right contract insight, acting on it is another challenge. Legacy Contract Lifecycle Management systems are comprised of numerous steps: approvals, escalations, and amendments, all buried behind intricate interfaces. The greater the friction in these processes, the longer it takes to execute critical contract-related actions.
This is not an issue of inconvenience alone; it is a business problem. McKinsey found that companies investing in seamless user experiences outperform their peers with 32% higher revenue growth and 56% higher total shareholder returns (McKinsey Source).
The impact of these challenges extends beyond individual contracts. EY found that inefficiencies in contracting processes have led to lost business opportunities in more than 50% of organizations (EY Source).
Meet AskSirion: A New Way to Interact with Your Contracts
Legacy CLM systems require users to manually search through documents by hand, reconcile data, and struggle through cumbersome interfaces just to expose important information or initiate an action. AskSirion eliminates that friction.
Being a conversational CLM solution, AskSirion provides one interface for managing contracts: from clause extraction to summarizing obligations, comparing agreements, to triggering workflows. It serves as a bridge between contract data and actionable information to enable faster decision-making, risk reduction, and overall process optimization.
1. Talk to Your Contracts, in Any Language
Contracts contain complex legal and financial language, but AskSirion makes them easy to interact with.
- Need a summary of the contract? Instead of scanning pages, AskSirion extracts the key terms, obligations, and financial details so you can understand the agreement at a glance.
- Are you unsure what a legal term means? AskSirion breaks down legal terms into plain language, making contracts more accessible to non-legal teams.
- Want to check a critical calculation? AskSirion helps interpret numerical data within contracts, whether it’s payment schedules, penalties, or pricing terms.
- Working with global contracts? It doesn’t matter if the contract is in another language, AskSirion understands and translates, ensuring nothing gets lost in translation.
Everything AskSirion provides is backed by direct references to the contract, so you can always verify the information at its source.
2. Find Answers Across the Corpus
Many contract-related questions involve deciphering trends across numerous agreements. AskSirion makes large-scale contract analysis effortless.
- Want to check if a specific clause appears (or does not appear) in multiple contracts? AskSirion can search across your entire contract portfolio and highlight where similar terms are used.
- Need to compare terms across agreements? Instead of opening each document individually, AskSirion pulls the relevant sections side by side, making it easier to spot discrepancies.
- Are you looking for risk patterns? Whether it’s identifying gaps in liability clauses or detecting unfavorable payment terms, AskSirion helps surface insights that might otherwise go unnoticed.
- Reviewing past negotiations? AskSirion can track how contract terms have evolved across different counterparties, helping you make more informed decisions about future agreements.
Rather than relying on keyword searches that might miss the full context, AskSirion applies contextual understanding to retrieve more accurate, relevant results. It also allows for follow-up queries, making contract searches feel like a natural conversation instead of a frustrating hunt for information.
3. Actions, Insights, and Alerts at Your Command
Finding insights is only part of the equation, AskSirion also helps you act on them.
- Want to make sure you don’t miss a key deadline? Set up alerts for renewal dates, payment milestones, or compliance obligations, without digging through spreadsheets.
- Need to initiate an approval process? Instead of navigating through several pages, just tell AskSirion to route the contract for approval or flag a term for review.
- Concerned about risk exposure? AskSirion can monitor contract language and notify you when terms change or obligations need attention.
- Tracking contractual obligations? Instead of manually checking for compliance, AskSirion helps ensure commitments are being met, reducing legal and financial risk.
By combining search, insights, and actions into one conversational interface, AskSirion helps teams move faster and focus on what really matters, making informed decisions, rather than chasing information.
The Business Impact: Turning Challenges into Opportunities
Many challenges in contract management come down to how information is accessed and acted upon. AskSirion enables teams to work faster, with reduced risks and greater efficiency.
Faster, More Confident Decision-Making
Delays in finding contract details impact negotiations, approvals, and overall business operations. AskSirion enables users to quickly locate key terms, obligations, and financial details without manual searching. This ensures decisions are based on complete, accurate information, reducing bottlenecks.
Reduced Risk and Compliance Gaps
Tracking obligations and identifying risks across multiple contracts is difficult without structured insights. AskSirion highlights deadlines, compliance requirements, and potential risks so teams can proactively manage commitments instead of reacting to missed deadlines or regulatory concerns.
Increased Efficiency and Productivity
Beyond searching for contract information, teams often need to act: initiate approvals, set reminders, or track performance. AskSirion simplifies these tasks, eliminating unnecessary steps and making contract execution smoother.
"Sirion's industry-leading AI Technology offers significant advances giving instant access to critical data, automating non-value added tasks, and driving behaviours that results in better contracting outcomes with third-party relationships"
Built on AI You Can Trust
In the world of AI-powered contract management, security and trust take top priority. Users are right to be cautious, many AI systems rely on external GenAI tools, so sensitive contract information might leave the platform, creating major security threats. But not AskSirion.
Sirion has built its AI infrastructure from the ground up, ensuring that customer data never leaves its secure environment. Unlike solutions that call external LLMs, AskSirion operates entirely within Sirion’s AI-native platform, keeping contract information protected while delivering fast, accurate results. Because we control the model’s training and architecture, it hallucinates less, provides more reliable answers, and ensures complete auditability.
Security is built into the nature of our business. Sirion is ISO 27001:2022 certified and SOC 2 Type II compliant, ensuring rigorous security practices are adhered to. Customer information is protected by AES 256-bit encryption, strong access controls, real-time audit logs, and regionally hosted infrastructure to meet GDPR, CPRA, and other international regulations. Additionally, Sirion’s AI models are constantly audited for bias, accuracy, and compliance with constantly changing regulations, thereby guaranteeing fairness and reliability in each response.
A New Era of Contract Lifecycle Management
CLM has evolved from automation to intelligence, eliminating repetitive tasks and making contract management faster and more intuitive. AskSirion takes this a step further by enabling conversational, real-time engagement with contracts.
Unlike bolt-on AI solutions, AskSirion is the core interface of Sirion’s AI-native platform, deeply integrated into its architecture to enable seamless execution, smarter decisions, and effortless contract management.
It doesn’t work in isolation. AskSirion is part of a strong set of AI agents, including the Extraction Agent, Redline Agent, and IssueDetectionAgent, thus creating an organically AI-native CLM experience.
"Some of the biggest highlights of working with Sirion for me have been watching how the technology has changed over time. And how It gets better and better every single time new functionality is released."
Experience the future of CLM. Explore AskSirion here.
