LEHI, UTAH ā 11th February 2025 ā Sirion today announced that its Contract Lifecycle Management (CLM) solution is now available on SAPĀ® Store, the online marketplace for SAP and partner offerings. Sirion CLM integrates with SAP Ariba Buying and Invoicing and delivers end to end procurement contracting excellence to customers.
āOur integration with SAP Ariba marks a transformative milestone in how enterprises manage procurement contracts,ā said Russ Cobb, Chief Strategy Officer at Sirion.
āBy uniting Sirionās AI-native, enterprise contracting capabilities with SAPās industry-leading procurement solutions, we enable customers to unlock the full potential of their buy-side relationships. Sirionās AI agents for extraction, search, redline and issue detection enable procurement professionals to accelerate time to contract and mitigate risks, setting new standards for contracting excellence and helping businesses realize maximum value from every relationship.ā
Sirionās AI-native Contract Lifecycle Management solution, now integrated with SAP Ariba, streamlines procurement contract management across three core areas:
Store
With seamless system integration, contracts are consolidated into a centralized repository, enabling quick access and actionable insights. Powered by AI, tools like AskSirion allow users to retrieve information, generate insights, or initiate workflows using plain language queries.
Create
Sirion simplifies contract creation by generating first drafts in minutes and detecting deviations from enterprise playbooks. AI-recommended redlines provide precise alignment with organizational standards, ensuring clarity and compliance during negotiations.
Manage
Sirion ensures contractual obligations are met, performance is tracked, and payments align with outcomes. AI-powered tools streamline administration, mitigate risks, and optimize complex contract portfolios for better business outcomes.
Sirion for SAP Ariba is built on SAP Business Technology Platform (SAP BTP) with SAP Integration Suite and integrates with SAP Ariba Buying and Invoicing.
SAP Store, found at store.sap.com, delivers a simplified and connected digital customer experience for finding, trying, buying and renewing more than 2,300 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated solutions they need to grow their business. And for each purchase made through SAP Store, SAP will plant a tree.
Sirion is a partner in the SAP PartnerEdgeĀ® program. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs ā quickly and cost-effectively.
Sirion is the worldās leading AI-native CLM platform, pioneering the application of generative AI to help enterprises transform the way they store, create, and manage contracts. The platformās extraction, conversational search, and AI-enhanced negotiation capabilities have revolutionized contracting across enterprise teams ā from legal and procurement to sales and finance. The worldās most valuable brands trust Sirion to manage 7M+ contracts worth nearly $800B and relationships with 1M+ suppliers and customers in 100+ languages. Leading analysts such as Gartner, IDC, and Spend Matters have consistently recognized Sirion as a leader in CLM for its focus on category-leading innovation.
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