Introduce yourself and your role
I’m Co-founder and President of Sirion, a pioneering contract lifecycle management (CLM) company that fuses large-language models (LLM) – used by the likes of ChatGPT – and best-in-class legal AI to revolutionise how contracts are created, negotiated, and managed.
How did you come to co-found Sirion?
After graduating with a degree in chemistry, I was leading a team of patent reviewers and working on developing techno-legal solutions for large enterprises at UnitedLex.
That’s where I met Ajay Agrawal, who invited me to join him in launching Sirion. Our first customer was HP. They reached out to us after a large acquisition, asking us to find a solution to allow it to store thousands of contracts.
We rose to the occasion by developing our own platform, and realised a repository was just one piece of the contract management puzzle that so many large enterprises are struggling to solve. This inspired us to create Sirion. Today, we are used by 250 of the world’s most valuable companies across 70 countries, and manage contracts worth upwards of U$450bn.
Why is CLM important in supply chain?
For businesses struggling with supply chains stretched beyond the breaking point, conditions are made even more precarious by a lack of visibility into contracts with suppliers across multiple tiers.
Multi-tier supply chains provide strategic advantages to companies that need to scale up, lower costs, and become faster to market.
However, multi-tier supply chains also cultivate higher risk by limiting visibility and placing critical operations beyond the direct control of businesses.
Our goal is to simplify how legal, procurement, finance and sales teams can author, negotiate and sign compliant contracts with embedded risk control, while being guided by AI-led contract intelligence.
How does Sirion help sales, procurement and vendors?
When it comes to procurement, Sirion offers front-line, self-service contracting capabilities that allow enterprises to rapidly draft contracts, act on supplier information, surface and remediate risks hidden in contracts, and significantly shorten the legal review cycle.
We help vendors outline clear deliverables and gain full visibility for all parties involved throughout the course of the contract lifecycle, enabling better delivery performance and stronger relationships.
What does the future hold for Sirion?
We recently set up our UX Center of Excellence in France, and we expect this to have a significant impact on Sirion’s usability. We’re also currently working on building out our AI R&D Center of Excellence in North America.
The idea is to bring together the expertise and niche cognitive capabilities of legal AI and the natural-language processing power of the recently hyped LLM such as ChatGPT.
At Sirion we believe the future of contracting involves the combined power of these two distinct applications of AI. While LLMs have the cognition to understand and generate natural language, legal AI can enrich this capability with legal expertise and contextual understanding of contract language. Bringing these together will pave the way towards the future of autonomous, fully computable contracting. This is what Sirion is working towards building.
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