Maximize Contract Performance

Effortlessly ensure that contractual commitments are met on time, every time. Use AI to extract obligations and service levels, monitor their fulfillment in real time, forecast financial risk, and align payment with performance.

Govern

Enforce obligations across the portfolio.

  • Automatically discover, extract, and operationalize obligations from any contract using AI.
  • Monitor status of obligation fulfillment in real time, track KPIs, and generate reports to assess compliance against predefined targets.
  • Re-route or escalate obligation-related tasks in response to compliance breaches.

Measure

Manage service-level agreements in real time.

  • Automate alerts and notifications for compliance breaches by validating contractual SLAs against raw performance data ingested from ITSM, ERP, and P2P systems.
  • Assess the real-time financial impact of service-level failures.
  • Shape renegotiation strategies using AI insights from SLA performance trends.

Assure

Validate invoices based on vendor performance.

  • Integrate with financial accounting systems and automate five-way reconciliation of invoice, purchase order, pricing, consumption, and performance data.
  • Manage complex pricing structures, including fixed fee, time and material, base units, ARC / RRC, and other adjustments.
  • Automate consumption validation against raw data feeds from ERP, P2P, and ITSM systems.

“As part of our contract digitization program, we didn’t want to stop at just putting our contracts in the cloud. We wanted complete visibility and control over the deliverables and obligations in our contracts. We found the perfect answer in Sirion.”

Sabih Rozales, Principal Commercial Contract Manager

“All our contracts are established and maintained in Sirion, 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 Sirion.”

Edzard Janssen, Chief Procurement Officer

“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.”

Jaclyn Schuler, Director of Contract Lifecycle Management

“Sirion’s industry-leading AI technology offers significant advances giving instant access to critical data, automating non-value-added tasks, and driving behaviors that result in better contracting outcomes with third-party relationships.”

Toby Yu, Contract Management Services Leader

8-12%

Lower spend leakage

60%

Lower cost of contract governance

99%

On-time obligation compliance

Experience a 60% faster contract review cycle