BERLIN–(BUSINESS WIRE)–Sirion Labs(KPMG). The alliance is designed to help KPMG clients accelerate the digitization of their entire contract lifecycle, encompassing supplier and client mandates. The solution covers contract drafting, performance management, invoice auditing, relationship management, risk management and advanced analytics. Additionally, SirionLabs’ AI solution is designed to bring together all teams across the enterprise, including legal, procurement, finance and business teams, to draft stronger agreements, manage risk and strengthen relations with counterparties.
“Contract lifecycle management is a strategic business function that adds real value,” said Julien Irmen, Head of Contract Management Transformation at KPMG. “However, companies often view contracts or contracts in isolation and view them as a mere administrative burden for their business, procurement, and legal departments. We want our alliance to help companies redesign their contracts and help them effectively manage relationships with third parties such as customers and suppliers and their underlying contracts.
“2022 has started on a high note for SirionLabs as we seek to expand our partnerships in the DACH region. Our collaboration with KPMG in Germany builds on SirionLabs’ global strategic partnerships around legal technology transformation with other independent member firms of the KPMG organization in the US, UK and Australia,” said Puneet Bhakri, Senior Vice President Global Alliances and Partnerships at SirionLabs. “KPMG and SirionLabs have worked on several CLM transformation projects around the world and have many other exciting projects underway. With this key development, we look forward to helping our customers in Germany make great strides in the areas of outsourcing, digitization and performance management.”
Customers have already begun to reap the benefits of this partnership. In a project currently underway for a market leader in transportation and logistics, the extremely complex process landscape involved in creating contracts has already been streamlined and mapped within the SirionOne platform, resulting in immense reductions processing time and resource requirements.
About Sirion Labs
By bringing together cutting-edge innovation, unparalleled expertise in contract lifecycle management, and a deep commitment to customer success, SirionLabs helps the world’s leading companies contract smarter. Powered by uniquely connected intelligence across the contract lifecycle, SirionLabs’ easy-to-use and highly configurable Smarter Contracting platform brings together legal, procurement, sales and commercial teams to draft stronger contracts, improve risk management and strengthen relationships with counterparties. More than 200 of the world’s most successful organizations trust SirionLabs to manage more than 5 million contracts worth more than $450 billion in more than 70 countries. For more information, visit www.sirionlabs.com.