Overview

Sirion Contract Lifecycle Management (CLM) is an AI-native platform designed to centralize and streamline the entire contract management process. It enables teams across the enterprise to collaboratively create, negotiate, and manage contracts, ensuring compliance and maximizing contract performance. The platform leverages advanced AI to provide deep insights, automate routine tasks, and enhance overall contract governance.

Features

Contract Creation and Authoring

• AI Contract Review: Detects and explains issues in contract drafts and existing contracts.
• AI Contract Redlining: Provides AI-recommended redlines to align contract drafts with enterprise playbooks.
• First Drafts: Generates first drafts quickly using enterprise playbooks. Contract Repository and Search
• Centralized Storage: Centralizes all contracts in a secure repository.
• Conversational Search: Uses GenAI to provide quick, accurate answers to contract-related questions.
• Contract Migration: Facilitates fast and efficient contract migration. Performance Management
• Real-Time Monitoring: Monitors performance against contractual obligations in real-time.
• Obligation Tracking: Tracks every obligation, milestone, and deliverable to ensure compliance.
• Invoice Audits: Automates invoice audits against purchase orders and contract terms. Contract Administration
• Governance Meetings: Manages and tracks all contract governance meetings and records.
• Dispute Management: Centralizes the management of claims and disputes.
• Task Management: Organizes issues and tasks by obligation, counterparty, or governance forum. Contract Optimization
• Conformed Contracts: Automatically reconciles amendments into a single contract.
• Template Rationalization: Uses AI to analyze and regenerate the template library.
• Smart Renewals: Provides alerts and AI insights for upcoming renewals. Analytics and Insights
• Data Extraction: Extracts data from contracts to deliver actionable insights.
• Performance Analytics: Analyzes contract performance to identify areas for improvement.
• Regulatory Reporting: Facilitates faster and more accurate regulatory reporting.