2024 Gartner® Critical Capabilities for CLM

Sirion Ranked #1
across all 4 Use Cases

Second year in a row Sirion ranked #1 for all CLM Use Cases

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2024 Gartner® Critical Capabilities for Contract Lifecycle Management

The 2024 Gartner Critical Capabilities for CLM report is an essential companion to the Gartner Magic Quadrant™. The report features a detailed analysis of CLM providers on 4 Use Cases and 13 Critical Capabilities across the contract lifecycle.

Gartner ranked Sirion #1 in 4 of 4 CLM Use Cases in this report: Full Life Cycle (4.21/5), Pre-Signature (4.21/5), Post-Signature (4.23/5), and Advanced Contract Analytics (4.10/5).

Here’s why we believe Sirion is ranked highest amongst other CLM vendors:

Differentiated AI vision – built on a foundation of trust, with special emphasis on explainability, security and accuracy using a combination of proprietary small language models and open-source large language models
Comprehensive end-to-end lifecycle capabilities – market-leading functionality across repository, authoring, analytics, and obligation management to empower customers to transform their enterprise-wide contracting processes on a single platform
Product innovation – launched several new AI products – Conversational Search, AI Review, AI Redline and Advanced Extraction
Tangible business impact – customers report significant benefits beyond efficiency gains, including improved risk mitigation, enhanced value realization, and strengthened regulatory compliance
Enterprise-grade performance – delivers enterprise-class capabilities through a consumer-grade user experience with the scalability, security, and flexibility to handle even the most complex contracting needs

Download the full report to evaluate CLM vendors and their ability to support prioritized use cases.

P.S. This recognition builds on Sirion’s position as a Leader in the Gartner CLM Magic Quadrant™ 2024.

Gartner, Critical Capabilities for Contract Life Cycle Management, Lynne Phelan, Kaitlynn Sommers, Kerrie McDonald, 21 October 2024.

Gartner, Magic Quadrant for Contract Life Cycle Management, Kaitlynn Sommers, Kerrie McDonald, Lynne Phelan, 14 October 2024.

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Sirion.

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