The energy industry is on the cusp of entering a new era of big budget spending for new megaprojects, with the global economy recovering from the COVID-19 pandemic. Such megaprojects have thousands of moving parts with a heavy reliance on external suppliers and hence are prone to time and cost overruns. Executives and project managers need complete visibility into contracts and supplier relationships to address potential discrepancies proactively.
Energy enterprises can leverage SirionOne to streamline their contracting and procurement processes for both upstream and downstream activities. SirionOne can seamlessly integrate with capital project management and other enterprise systems, digitize and mine intelligence from legacy contracts, help create smarter contracts, stringently govern them to ensure compliance and prevent value leakage.
Download this brief to discover how SirionOne’s CLM functionality for the complete contracting lifecycle enables an integrated, enterprise-wide view of contractual engagements for better business outcomes.