Contract Risk Management

Pre-empt and Respond to Business Disruptions

Identify risks, fix misaligned terms, and continuously monitor exposure across every agreement, counterparty, and business unit – to stay ahead of the disruptions that impact your business.

Identify risk across legacy contracts

Ingest and extract contracts at scale to uncover legal, regulatory, and commercial risks across your entire contract portfolio.

  • Auto-extract risk data from contracts using the Extraction Agent.
  • Use AskSirion Agent to conversationally search your repository and identify contracts that carry potential risk.
  • Track risks in real time with a centralized register and alerts for at-risk counterparties.

“I like being able to auto-extract contract clauses in various languages using AI while populating all metadata directly into Sirion, which can be used for reporting.”

Contracts Manager

Alstom

Remediate risk at scale

Close risk gaps by standardizing contract language and bringing every agreement in line with your organizational standards.

  • Run IssueDetection Agent to compare contracts against your playbooks and flag deviations.
  • Act on identified issues by with precise, context aware edits using the Redline Agent.
  • Reconcile amendments automatically to avoid missing obligations, deliverables, or key changes.

“All the information is readily available, and I can drill down to the specific deliverable and check with stakeholders on its status without ever leaving the tool to communicate directly to each person.”

Contracts Manager

McDonald’s

Consistently monitor and
manage risk

Maintain complete oversight of contractual risk with real-time monitoring, third-party intelligence, and alerts that keep you ahead of potential disruptions.

  • Integrate with RSA Archer, Experian, D&B and track any vendors that might be at risk.
  • Update contracts and transfer rights and obligations seamlessly with Novation after merger, demerger, or any acquisitions.
  • Use the no-code AI Trainer to build models that extract risk-related fields specific to your business or emerging regulatory needs.                 

“We were creating huge contracts that had multibillion-dollar commitments over a number of years and the ability to understand whether those contracts were leaking any value throughout the lifecycle was crucial.”

Global Head of SCM Development, Operations & Digital

Vodafone

“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

80%

Fewer disputes

60%

Lower cost of contract governance

75%

Faster issue resolution

Experience a 60% faster contract review cycle