Sirion Named a Leader in 2023 Gartner® Magic Quadrant™ for Contract Life Cycle Management
Second year in a row the CLM company is recognized as a Gartner Magic Quadrant Leader for its Ability to Execute and Completeness of Vision
SEATTLE, WA – October 25, 2023– Sirion, the global leader in AI-powered contract lifecycle management (CLM), today announced it has been named a Leader in the 2023 Gartner Magic Quadrant for Contract Life Cycle Management for the second consecutive year. For the 2023 Magic Quadrant for CLM report, Gartner evaluated 16 CLM vendors across 15 criteria, measured along the Ability to Execute and Completeness of Vision. Download a complimentary copy of the report here.
We believe Sirion’s consistent recognition as a Leader in the Magic Quadrant reaffirms its commitment to delivering exceptional CLM solutions and innovative AI advancements. The company remains focused on providing the highest level of customer satisfaction and expanding its market presence.
The Gartner report states: “Leaders are in the strongest position to influence the market’s growth and direction. They demonstrate a market-defining vision for how CLM technology can help companies achieve the business objectives of managing compliance and reducing process bottlenecks. Leaders can execute against that vision through products and services, and have demonstrated business results in the form of revenue and earnings. They excel in their combination of market understanding, innovation, product features and functions, and overall viability.”
Sirion stands out in the CLM industry with its focus on helping enterprise teams maximize the value of every business deal – from preparing for negotiation to leveraging data from past deals and monitoring contract performance post-signature. Additionally, Sirion is focused on expanding its generative AI capabilities with new applications that will empower teams to mine insights from across contracts, enterprise data, and other data resources.
“Contracting resilience is mission-critical for every business. We believe being named a Leader by Gartner for the second consecutive time is clear recognition that our vision and commitment to delivering a comprehensive Contract Lifecycle Management platform with prescriptive insights enables businesses to contract smarter,” said Ajay Agrawal, Founder and Chief Executive Officer at Sirion. “As the economy recovers, leaders have an opportunity to eliminate the silos made painfully obvious over the past year. Working closely with our contracting community, we are rapidly co-creating innovations that drive adoption, optimize revenue and spend, and amplify the community network effect, helping businesses around the globe contract smarter together.”
To learn more about Sirion’s leading AI-powered CLM, please visit: https://www.sirion.ai/.
Learn more about the 2023 Gartner Magic Quadrant for Contract Life Cycle Management here: https://www.sirion.ai/report/gartner-magic-quadrant-for-contract-lifecycle-management/
Gartner, Magic Quadrant for Contract Life Cycle Management, Kaitlynn Sommers, Lynne Phelan, Kerrie McDonald, 18 October 2023.
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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.