SirionLabs, the global leader in AI-powered Contract Lifecycle Management (CLM), announced today that it has been named a Leader in the IDC MarketScape: Worldwide CLM software for Corporate Legal 2021 Vendor Assessment. With this recognition, we believe, SirionLabs has further solidified its position as a CLM leader that consistently delivers category-defining enterprise contract management innovations.
This IDC MarketScape covers major vendors participating in the global CLM market with a focus on functionality for the corporate legal department. The framework evaluates CLM tools on their ability to support enterprise legal departments by enabling contract generation, risk analysis, contract negotiation, review, workflow routing, and more. Both quantitative and qualitative characteristics are assessed based on user interviews, buyer surveys, and the input of IDC experts.
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