Sirion Ranks No. 1 in Spend Matters® Spring 2024 SolutionMap for Second Consecutive Year

Spend Matters’ Analysts Rank Sirion Highest in Functionality Out of 23 CLM Vendors

SALT LAKE CITY--(BUSINESS WIRE)--Sirion, the AI-native, unified contract lifecycle management (CLM) platform, today announced its No. 1 ranking for CLM functionality in the Spend Matters® Spring 2024 SolutionMap for the second year in a row, a testament to its unwavering commitment to excellence. Sirion achieved top scores in the most CLM functionality criteria out of 23 total vendors, receiving the 2024 Top Tech award. Additionally, in the “large” company segment, Sirion stood out as the top pure-play CLM vendor, a recognition that underscores its deep understanding of the industry and dedication to the needs of large enterprises.

SolutionMap is designed to help procurement and supply chain leaders better understand and analyze the customer experiences, market developments, and technological innovation of the myriad of solution providers based on process competency. It is one of the most granular, data-based assessments of procurement technology, functionality, and customer satisfaction metrics.

As an AI-native platform, Sirion established the position as the procurement CLM of choice with the most powerful capabilities on the market—features including contract data extraction and analytics, automated workflows, template optimization for better negotiation, and vendor performance and compliance management. As Sirion builds on its AI-native foundation with Generative AI products, it will continue to provide users with streamlined contracting processes across the entire contract lifecycle while ensuring safety, trustworthiness, and maximum contract value.

"Sirion's sustained top ranking in the Spend Matters SolutionMap for two years running is not just a reflection of our present functionality but a promise of Sirion’s future,” said Aravind Aluri, Chief Product Officer at Sirion. “The synergy between our advanced AI capabilities and our forward-looking Generative AI roadmap is the cornerstone of our value proposition. It's why we can say with confidence that Sirion offers the best solution for our customers—both now and in the years to come.”

This acknowledgment from Spend Matters contributes to Sirion's growing list of industry accolades. Most recently, Sirion was recognized as a Leader in the 2023 Gartner® Magic Quadrant™ for CLM and ranked No. 1 for all five use cases in the 2023 Gartner® Critical Capabilities for CLM.

You can download Sirion’s Peak Performance Summary from the Spring 2024 Spend Matters SolutionMap evaluation here.

About Sirion

Sirion is redefining end-to-end Contract Lifecycle Management (CLM), helping organizations streamline workflows, optimize contract performance, and mitigate risk to not only meet but exceed their contract management goals. Built on groundbreaking AI, Sirion fosters collaboration across legal, legal operations, procurement, sales, and other vital business teams. It's not just about better contracts and risk management; it's about building stronger, more meaningful business relationships. Our deep commitment to customer success is why over 200 leading global businesses trust us to manage contracts worth over $750 billion in 70+ countries. Experience a more intuitive, people-focused approach to contracting with Sirion, where we're transforming how businesses connect, engage, and grow.

About Spend Matters’ SolutionMap

The Spend Matters’ SolutionMap is a prominent procurement technology assessment and benchmarking tool. It provides a comprehensive evaluation of various solution providers in key procurement categories, offering valuable insights and guidance to organizations seeking to make informed decisions about their technology investments. It considers multiple factors, including analyst assessments, customer feedback and vendor updates, to provide an accurate and up-to-date analysis of the market landscape.