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

“AI is fundamentally reshaping contracting — from drafting agreements with minimal human input, to reviewing and redlining at scale, to empowering attorneys to negotiate faster and more effectively. It’s exciting to be part of this journey as the vision moves closer to reality, and Sirion’s agentic CLM platform marks an important step forward.”

Sri Daita, Director of Legal Technology

“With Sirion, we centralized our contracts, but more importantly, we transformed how we work with contract data. AI-powered extraction and real-time reporting have given our legal and sales teams faster, more accurate insights. We now operate with greater confidence in our data, stronger compliance oversight, and significantly reduced manual effort.”

Shana Ricchiuto, Global Head of Legal

80%

Fewer disputes

60%

Lower cost of contract governance

75%

Faster issue resolution

Experience a 60% faster contract review cycle

Additional Resources

On-Demand Webinars
Deeper, Faster, Smarter: Enabling Enterprise Risk Management through AI-powered CLM
Webinars

Deeper, Faster, Smarter: Enabling Enterprise Risk Management through AI-powered CLM

FAQs About Contract Risk Management Software

What is contract risk management software?

Contract risk management software helps organizations identify, assess, remediate, and monitor risks across their contracts and counterparties. Sirion brings these activities together by using AI to extract risk data, identify potentially risky agreements, flag deviations from approved positions, remediate contract language, and continuously monitor risk across the contract portfolio. 

Sirion analyzes existing contracts at scale to surface risk-related clauses, terms, obligations, and other key data that may otherwise remain buried in documents. Its Extraction Agent structures this information so teams can identify patterns and potentially risky agreements across the contract corpus. 

 

AskSirion then lets users investigate those risks conversationally, for example by finding contracts with specific terms, missing protections, or other risk conditions. 

Sirion helps teams act on risks identified across existing contracts by pinpointing the affected agreements and prioritizing where remediation is needed. Teams can then initiate amendments, renewals, or repapering programs using approved language and workflows, while tracking progress through completion. 

Yes. Sirion supports ongoing contract risk management through a centralized risk register, real-time monitoring, and automated alerts. This gives teams visibility into emerging risks across agreements and counterparties rather than limiting risk assessment to a one-time contract review. 

Yes. Sirion can integrate with third-party risk and intelligence sources such as RSA Archer, Experian, and Dun & Bradstreet. This helps organizations monitor changes in counterparty risk alongside contractual information and identify vendors that may require attention. 

Sirion helps organizations realign contracts when business structures or counterparties change. Through contract novation, teams can transfer individual contracts or entire groups of contracts to the appropriate entity or counterparty, including in bulk. 

 

This helps ensure contractual rights, obligations, and ownership stay aligned with the new business structure after mergers, acquisitions, demergers, or reorganizations.

Yes. Sirion’s no-code AI Trainer allows organizations to build models that extract risk-related fields specific to their business requirements. These models can also be configured around emerging regulatory needs, helping teams adapt their contract risk management processes as requirements evolve. 

Enterprises should look for contract risk management software that supports the full risk lifecycle: identifying risks across existing contracts, comparing terms against approved standards, remediating problematic language, and continuously monitoring contractual and counterparty exposure. AI-powered extraction and search, centralized risk tracking, automated alerts, and third-party risk integrations can help teams manage risk consistently across large contract portfolios.