PwC India Partners AI-powered CLM Sirion to Transform Enterprise Contract Management

PwC India announced their strategic partnership with Sirion, a leading AI-powered Contract Lifecycle Management (CLM) enterprise, which aims to transform and streamline the contract management processes for businesses across industries. This collaboration will combine Sirion's CLM and AI technology with PwC India's consulting expertise to provide clients with enhanced efficiency while reducing risks as well as driving innovation in the end-to-end contract lifecycle.

Leveraging Sirion's deep focus on AI in the CLM landscape, this partnership will empower organisations with intelligent contract management solutions enabling them to make informed decisions, enhance compliance, and ultimately achieve larger business goals in today's dynamic and competitive landscape. The collaboration harnesses the power of AI to transform contract documents from static into dynamic, changing how organisations manage their contracts and extract value from them.

Speaking on the partnership, Vivek Belgavi, Partner & Leader – Alliances & Ecosystems, PwC India said, "PwC India prides itself on driving transformative business solutions. Aligning with Sirion, we're set to deliver unparalleled expertise in contract management, fostering a new level of efficiency and strategic impact for our clients."

"Our AI-driven solutions, combined with PwC India's deep market understanding, sectoral insights, and global presence, will bring about a new era of contracting comprised of streamlined contract processes and access to strategic, data-informed decision-making across enterprises," said Puneet Bhakri, Global Head of Alliances, Sirion. "Further, we’ve chosen to partner with PwC India to help create awareness on the need to strategically build strong, enterprise-level CLM processes. We look forward to working together to take organisations beyond basic contract repository functions and into a world where AI-driven contract management helps them extract maximum value from their business relationships.”

Ankur Jain, Partner & Leader – Contracts and Compliance at PwC India stated, "This partnership reinforces and supplements PwC India's strengths in the contracts and compliance space. By combining PwC India's robust industry expertise and CLM Transformation experience with SirionLabs' cutting-edge AI-enabled platform, we are poised to reshape the landscape of contract management for businesses."

He added, "We are committed to helping clients derive greater value from their commercial and legal contractual arrangements. We believe that effective obligation management is a key driver in minimising value leakages and enhancing overall contract performance. In the first phase, we will focus on power, infrastructure, real estate, logistics, energy and utilities as a sector where there are defined use-cases on revenue and cost assurance as well as EPC contract management."

This collaboration aims to enhance legal, sales, procurement, and finance operations by integrating a complete full-lifecycle contract management system. By eliminating inefficient 'shadow processes' and siloed work, it will allow employees to focus on strategic aspects of business that propel growth and efficiency.

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