Sirion, the AI-native contract lifecycle management platform, announced that it has been named to the 2024 Gartner® Magic Quadrant for Contract Lifecycle Management (CLM) ™ leader. This is the third consecutive year that the platform has received this honor, and we believe this type of recognition reflects the trust that the world’s leading enterprises have in Sirion.
Customers trust Sirion’s AI-native CLM because its underlying model flexibly adapts and explains the “why” behind every answer. As users interact with Sirion, user feedback further refines Sirion’s algorithm, ensuring the platform continues to learn and provide increasingly relevant and accurate insights.
Joanne Wright, senior vice president of IBM Transformation and Operations, said: “The convergence of AI and contract management is changing the way modern enterprises operate, giving companies that adopt this innovative technology a significant competitive advantage. We are very excited to work with Sirion on this We are very much looking forward to cooperation in the field – we are not only a customer of Sirion, using its AI-native CLM platform to discover contract intelligence in IBM business processes, but also a partner of Sirion, using IBM watsonx to provide support for Sirion’s multi-model generative AI approach.
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Ajay Agrawal, founder and CEO of Sirion , said: “At Sirion, we understand that trust is critical in the field of generative AI. For our customers, trust comes from a special focus on explainability, safety and accuracy. If the CLM engine provides an answer to a query or automatically amends a contract, users need to know why the recommendation is trustworthy. In Sirion, this transparency helps with a brief explanation and a link to the source of the data. Users have more trust in our AI to make wise decisions.”
Trust is a common theme among Sirion’s customer base. Our customer feedback collectively contributed to Sirion being named a Customer Preferred Choice for CLM in the 2024 Gartner Peer Insights™ Voice of the Customer. Through innovative AI capabilities such as advanced extraction, conversational search, and AI-led negotiation , Sirion will continue to pioneer generative AI applications that revolutionize the way enterprises manage contracts.
SOURCE: BusinessWire