SirionLabs

SirionLabs' core offering is the SirionOne platform, which facilitates legacy contract migration and delivers standardized contracting playbooks, templates, and clause libraries to streamline the contract authoring process. The platform leverages AI algorithms, including natural language processing, to import and organize contracts, manage negotiations, and provide suggestions for improving clause selection based on past contracting data. It offers capabilities for risk management, contract analytics, and aligning post-award performance with contractual terms.

A key differentiator of SirionOne is its ability to ensure that performance after a contract is awarded matches the agreed-upon terms outlined in the contract. The platform aims to provide visibility into contract performance, invoices, and relationships during the post-signature phase. It can generate draft risk scores and surface insights to aid in negotiations.

SirionOne caters to various enterprise teams, including legal, procurement, sales, finance, and human resources, by uniting contractual data across these departments. It automates the full contract lifecycle, from development to risk management and advanced analytics, leading to significant reductions in processing time and improved business outcomes.

In October 2022, SirionLabs announced it had nearly doubled its revenue over the prior 12 months and added a record number of new customers, which included companies like Qantas, Credit Suisse, and Vodafone. As of January 2023, the company had over 250 customers.

Key customers and partnerships

In September 2022, SirionLabs strengthened its strategic alliance with KPMG to extend its geographical presence and serve a growing number of customers across various industries, such as financial services, healthcare, IT, and the public sector. The partnership with KPMG aims to leverage the firm's industry expertise and business process experience to facilitate the accelerated transformation of customers' contracting lifecycles.

SirionLabs has also established partnerships with SAP Ariba and Salesforce to enhance the interoperability of its platform with customers' existing tools. The company believes that deepening these alliances will be crucial for its continued growth.