Analysts predict $300B spending by oil & gas companies on new megaprojects in 2019 and 2020.

Such projects have thousands of moving parts requiring close collaboration with hundreds of suppliers to bring it all together. Even slight deviations from the deliverables, schedules, pricing, etc. defined in the contract can have serious impact on project timelines and budget. Unfortunately, executives and project managers often don’t have adequate visibility into supplier engagements and contracts to address potential discrepancies proactively.

Download this solution brief to discover how Sirion’s advanced contract lifecycle management (CLM) functionality enables an integrated, enterprise-wide view of supplier engagements to ensure tight alignment between supplier performance, invoices and the underlying contractual obligations.

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Key Features
Automated extraction of contractual obligations
Real-time monitoring of supplier performance
Auto-validation of supplier invoices
Data-driven relationship management