LATEST FIGURES
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Organisations lose
8.6 %
of contract value due to“ poor process integration and inadequacies of post-award management”
|
Contract-related data typically sits in 24 different systems and
involves
~ 30 %
of the workforce
|
|
|
Only
17 %
of procurement / legal / contract teams are naturally adaptive to new tech( vs. 25 % general population)
|
Sirion platform manages 7M + contracts worth
US $ 800bn
across 1M + suppliers / customers in 100 + languages
|
FOCUS AHEAD
Deploy Agentic AI – combining foundational, interactive, and orchestration agents as“ intelligent co-workers”
Prioritise explainability – ensure AI provides“ plain-language summaries” so procurement trusts recommendations
Differentiate transactional vs. strategic – automate routine contracting while augmenting“ complex, high-value negotiations”
Build readiness – assess People( 17 % adaptive), Process, Platform, and Data before scaling
Transform contracts into knowledge assets – turning portfolios into“ engines of insight” for commercial innovation