SirionLabs, the AI-powered contract lifecycle management (CLM) platform, today announced its partnership and software integration with CATS CM®, the world's top contract management methodology. Through the partnership, SirionLabs will become the only CLM platform to offer the CATS CM® methodology, enabling businesses to align, monitor and track their contracts and contract governance with the organizational goals.
“Contracts are the lifeblood of an organization. So not only do senior executives have to worry about how these binding agreements impact the business operationally, but they need to consider whether those relationships create undue risk or work counter to the goals and objectives of the organization,” said Claude Marais, Co-founder and President at SirionLabs.
“Our partnership with CATS CM® is a huge leap forward for CLM, enabling enterprises to systematically construct and operationalize contracts to mirror business objectives in the creation, management and subsequent renewal/amendment of the contracts. Moreover, it provides organizations the visibility to understand how one key contract impacts the outcome of another.”
Aligning Contracts and Organizational Goals: An Untapped Source of Enterprise Value
By harnessing CATS CM®'s scalable, strategy and data-driven methodology, SirionLabs' customers can now access a proven solution to construct optimal contract templates that are aligned to business objectives and once executed, automatically track and correct potential value conflicts in record time. The sophisticated framework aligns enterprise contracts and the execution thereof with mission-driven outcomes that are critical to company success. The methodology is leveraged by hundreds of organizations and 10,000+ professionals to drive additional value from their contract portfolio at all levels - strategic, tactical, and operational. With this methodology, customers are able to focus their contract creation and subsequent contract management efforts on those aspects that directly impact the outcome of the business, reducing unnecessary effort and ensuring clarity on the interrelationship between different contractual arrangements.
With almost a decade of experience helping enterprises manage contracts throughout their lifecycle, the SirionLabs platform is a one-stop platform to manage all types of enterprise contracts including both buy-side and sell-side. The AI-powered technology goes beyond legacy CLM solutions to streamline and standardize the complete contracting lifecycle on a single platform - from contract authoring to contract portfolio management to ongoing governance of strategic contracts. The company to date has helped customers in 100+ countries save more than $2.2B in contract value savings.
“SirionLabs is a trusted partner for some of the world's largest organizations and Fortune 500 customers,” said Arjen van Berkum, Chief Strategic Wizard at CATS CM®. “We are excited to begin this journey with this global CLM leader and to work together to deploy our methodology to a broader global market.”
To learn more about how SirionLabs and CATS CM® are helping organizations drive additional value from their contract portfolio, you can watch our recent webinar here.
SirionLabs, the SaaS leader in enterprise contract management (CLM), helps enterprises manage the complete contracting lifecycle on a single, easy-to-use platform. Founded in 2012, SirionLabs applies breakthroughs in artificial intelligence technology to meet the needs of businesses in the digital age.
Sirion's AI-powered capabilities – from smart contract authoring to auto-contract extraction, advanced obligation management and collaboration – enable enterprises to drive business velocity and outcomes, reduce risk and enhance revenue and savings in commercial engagements. With more than 500 employees across three continents, SirionLabs enables leading companies such as Vodafone, Unilever, BP and Credit Suisse to manage 3.5+ million contracts across 100+ countries.
For more information, visit https://www.sirionlabs.com
About CATS CM®
CATS CM® is the #1 contract management methodology worldwide since 2005. It provides control over your contract portfolio in a scalable and strategy-driven way. Over 500 organizations and thousands of professionals have worked or are working according to this standard. CATS stands for Contract Administration and Tracking Scenarios. It helps organizations to manage collaborations in a way that multi-year plans get the necessary agility. It also empowers people to become winners in contract management. CATS CM® sets the standard on how contract management should be approached within companies.
For more information, please visit www.cats-cm.com
CM Partners on behalf of CATS CM®
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