Contract Management for Procurement in Banking

Smarter Contracting for Banking Procurement

Sirion brings structure and intelligence to every stage of the contract lifecycle – helping banks onboard vendors faster, enforce SLAs, validate invoices, and stay audit-ready.

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Leading Financial Services Companies Trust Sirion

Designed to Power Contracting Across Banking Operations

Technology Procurement

Technology Procurement              

Simplify the entire contracting journey for IT vendors — from drafting and negotiation to SLA enforcement and compliance tracking — all in one integrated platform.

Operations and BPO Agreements

Gain real-time visibility into outsourcing contracts. Track SLAs, resolve disputes, and ensure performance obligations are met without delays.

Financial Services Vendor Contracts

Strengthen control over third-party banking relationships with centralized tracking of onboarding terms, audit rights, and risk clauses across custodians and correspondent banks.

Consulting and Advisory Services

Consulting and Advisory Services

Speed up contract creation for legal and advisory vendors while making sure key deliverables, renewal windows, and billing terms are always visible and enforceable.

Third-Party Risk and Compliance Vendors

Third-Party Risk and Compliance Vendors

Reduce review cycles and audit prep time by extracting and tracking high-risk clauses in contracts with credit bureaux, ESG providers, and sanctions screening partners.

Facilities and Infrastructure Agreements

Facilities and Infrastructure Agreements

Manage every stage of infrastructure contracts with precision – from initial drafting and approvals to renewals, landlord obligations, and ongoing maintenance governance.

Control, Speed, and Compliance for Vendor Contracts

Faster Response to Vendor Disruptions

Quickly locate contracts tied to impacted suppliers with conversational search, enabling faster action and business continuity during disruptions.

Real-Time Vendor Performance Tracking

Monitor SLAs, audit rights, and compliance clauses in real time — tracking vendor delivery against commitments and surfacing deviations before they become audit or risk events.

Accurate Invoice Validation at Scale

Match invoices to contract terms, usage, and delivery — reducing billing errors and accelerating approvals with auto-generated proformas.

Timely Action on Critical Milestones

Never miss renewals or audit deadlines — Sirion connects MSAs, annexes, and amendments to flag upcoming events.

Collaborative Vendor Governance

Log disputes, manage GBMs, and document remediation plans in one place — streamlining collaboration and enhancing vendor oversight.

Self-Serve Authoring with Guardrails

Empower business users to generate compliant drafts using pre-approved templates — with built-in workflows for legal and risk review.

“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, RBI