Sirion Ranks #1 in Spend Matters® Spring 2023 SolutionMap Analysis
Spend Matters’ Analysts Rank Sirion Highest in Functionality Out of 21 CLM Solutions
SEATTLE, WA – Aug 3, 2023 – Sirion, the global leader in AI-powered contract lifecycle management (CLM), today announced it was named the #1 CLM under the “Functionality Leader” ranking in Spend Matters’ Spring 2023 SolutionMap for Contract Lifecycle Management. Sirion achieved top scores in the maximum number of CLM functionality criteria among the 21 vendors evaluated.
Spend Matters assesses companies in three personas based on customer size—SME, mid-size and large. Within the “large” persona category, Sirion was recognized as the top CLM solution, exceeding the industry benchmark in functionalities such as Contract Information Management, Contract Process Management, and Specialty CLM Analytics. Sirion attributes this ranking to its strengths in contract analytics, post-signature obligation management, and its unique capabilities to support savings and value capture from strategic relationships.
Through deep, tailored, and current assessments, SolutionMap helps companies compare solution provider capabilities based on organizational needs across the procurement and supply chain spectrum. It is one of the most rigorous data-based assessments of procurement technology functionality in the industry.
Sirion has carved out a position as the CLM of choice for procurement professionals by harnessing the power of its best-in-class, proprietary AI engine to drive the most feature-rich CLM platform on the market. The SolutionMap is an especially meaningful evaluation, as it’s based on both analyst research and customer feedback.
Sirion’s advanced CLM platform offers an extensive range of features, including contract creation, negotiation, compliance management, performance tracking, and vendor management. With its AI-driven capabilities, intuitive user interface, and analytics-driven insights, Sirion enables organizations to gain full visibility into their contract management processes, mitigate risks, enhance supplier collaboration, and drive operational efficiencies.
This analyst recognition from Spend Matters adds to Sirion’s list of industry accolades. Most recently, Sirion was recognized as “Customers’ Choice” in the 2023 Gartner® Peer Insights™ Voice of the Customer for Contact Life Cycle Management report and was named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Buy-Side Contract Life-Cycle Management Applications 2023 Vendor assessment.
You can download Sirion’s Peak Performance Summary from the Spring 2023 Spend Matters SolutionMap evaluation here.
Bringing together category-leading innovation, unrivaled Contract Lifecycle Management expertise, and a deep commitment to customer success, Sirion helps the world’s leading businesses contract smarter. Powered by intelligence uniquely connected across the complete contract lifecycle, Sirion’s easy-to-use, highly configurable Smarter Contracting platform brings legal, procurement, sales, and business teams together to author stronger contracts, improve risk management and strengthen counterparty relationships. Sirion is trusted by over 200 of the world’s most successful organizations to manage 5 million+ contracts worth more than $450 billion across 70+ countries. For more information, visit www.sirion.ai.
About Spend Matters’ SolutionMap
The Spend Matters’ SolutionMap is a prominent procurement technology assessment and benchmarking tool. It provides a comprehensive evaluation of various solution providers in key procurement categories, offering valuable insights and guidance to organizations seeking to make informed decisions about their technology investments. It considers multiple factors, including analyst assessments, customer feedback and vendor updates, to provide an accurate and up-to-date analysis of the market landscape.