Partnership to unlock potential of digital contract transformation for greater business impact
Mumbai –27 June 2022– KPMG in India and SirionLabs today announced a strategic alliance to accelerate Contract Lifecycle Management (CLM) transformation in India. The alliance will bring together KPMG in India’s vast experience in contract management services and SirionLabs’ industry leading AI-powered CLM solutions to drive business value for customers and businesses alike in India.
SirionLabs offers an end-to-end solution for the digitization of the entire contract lifecycle by combining contract authoring, performance management, invoice auditing, relationship management, risk management, and advanced analytics. As a state-of-the-art AI-powered CLM platform, SirionLabs is designed for seamless collaboration across all enterprise teams — including legal, procurement, finance, and sales — to author stronger agreements, manage them efficiently, and get complete details of obligations required under contract.
Organizations are continuously looking to transform themselves across multiple dimensions, including revenue, cost, risk, compliance, agility, innovation, and collaboration. Central to these transformation objectives is the ability to effectively manage third party relationships, including customers and suppliers — and the underlying contracts that drive those relationships. Digital transformation provides the most effective tools for managing those contracts, and KPMG in India’s experience in solving complex business problems, combined with SirionLab’s CLM solution, will offer customers enhanced possibilities for driving business performance.
“Contract lifecycle management today is an extremely critical business function that adds real value,” said Vijay Chawla, Partner and Head- Risk Advisory, KPMG in India. “Businesses often look at contracts or contracting in isolation. Adding to that, many of them just view it as an administrative burden for their sales, procurement, and legal departments. The alliance with SirionLabs will enable businesses to revisit their contract design and effectively manage their third-party relationships.”
“The KPMG in India and SirionLabs partnership is a powerful combination,” added Ritesh Tiwari, Partner, Forensic Services, KPMG in India. “Our common vision to reimagine and reinvent contracting through AI- and ML-powered solutions allows us to unlock the potential of digital transformation for driving greater business impact and placing our clients on the path to success in the new digital business landscape.”
“We are excited to join hands with KPMG in India, which consolidates our existing relationship with KPMG globally,” said Puneet Bhakri, Senior Vice President, Global Alliances & Partnerships, SirionLabs. “SirionLabs’ AI-powered CLM solutions offer a host of category-leading capabilities that help businesses simplify and transform their contracting experience as they navigate through the challenges and opportunities of digitalization. With KPMG in India’s rich expertise and experience, this alliance will open immense possibilities for organizations across the contracting lifecycle, ensuring their digital strategy is aligned to business outcomes and delivers measurable value.”
