Blog

IBM and Verizon Show Us the Perils of Not Knowing What’s Agreed Upon in Contracts

Published by Indus Khaitan, 0 Comments, Mar 20, 2017

This past week, two of the biggest companies in the world were slapped with lawsuits for failing to fulfill their contractual agreements. First, the state of Pennsylvania sued IBM for a botched software project, where Pennsylvania taxpayers paid IBM nearly $170 million for a project that never happened… 

Read More

Topics: Supplier Governance, Contract Management, Technology, Saas

Businesses no longer buy things

Published by Tim Cummins, 0 Comments, Mar 16, 2017

This article was originally published on Commitment Matters's blog on February 28, 2017 by Tim Cummins, President & CEO IACCM.

As recently as the mid-1990s, 81% of business spend was on goods. By 2015, that number had dropped to 44%. The growth of services procurement has therefore been spectacular – and the capability of business to handle this change lags far behind.

Read More

Topics: Supplier Governance, Contract Management, Supplier Management, Supplier Relationship Management

The Contract Management Dispatch - 001

Published by Sudeep Yadav, 0 Comments, Mar 9, 2017

Happy March. We’re excited to launch our monthly newsletter. We'll share the latest about Sirion and leading industry articles. Issue #1 features Sirion Labs in Fast Co's 50 most innovative companies, how Vodafone manages contracts, and IAOP OWS 2017. Read on.

Read More

Topics: Webinar, Awards, Newsletter

Realizing Increased Value from Outsourced Services in 2017

Published by Claude Marais, 0 Comments, Feb 20, 2017

This article was originally published on The Shelby Group's blog on January 30, 2017 

Over the past two decades, companies in all industry sectors have become increasingly dependent on outsourced services. While there are many reasons for this, a primary driver has been the need to focus on core competencies in the face of increased competition. Unfortunately, the ability to effectively manage relationships with suppliers of outsourced services has not kept pace with increased levels of spending.

Read More

Topics: Supplier Governance, Contract Management, Outsourcing, Supplier Relationship Management

[Webinar Recap] How Vodafone is Building the Future of Commercial Contract Management

Published by Devinderjeet Singh, 0 Comments, Feb 14, 2017

On February 7th 2017, SirionLabs conducted a webinar titled "How Vodafone is Building the Future of Commercial Contract Management" in association with the lovely folks at IACCM. The webinar featured Reinhard Plaza-Bartsch, Group Head of Commercial Contract Management at Vodafone, as a guest speaker along with Tim Cummins, CEO of IACCM and Ajay Agrawal, CEO at SirionLabsYou can watch the webinar, access the slides, then scroll down for some of the questions we were asked near the end. 

Read More

Topics: Supplier Governance, Contract Management, Outsourcing, Webinar, procurement technology

Going to the IAOP #OWS17? Come Say Hi, Won’t You?

Published by Leena Kamath, 0 Comments, Feb 13, 2017

Going to the IAOP conference? Well, so are we. We’ll be there for the whole shebang - February 19th to 22nd showing off our intelligent contract management platform - Sirion. We’d love it if you stopped by and said hello.

Read More

Topics: Supplier Governance, Contract Management, Outsourcing, Corporate Updates

IFRS 15 Compliance for Revenue Recognition from Customer Contracts: Is Your Contract Lifecycle Management System Ready?

Published by Devinderjeet Singh, 0 Comments, Jan 10, 2017

Globalization continues to flatten the world. This time, in the area of financial reporting.

In order to promote transparency, safeguard shareholders’ interests, and enable a meaningful comparative analysis of business performance, organizations are required to report their financial data in a particular manner – as defined by the applicable accounting and financial reporting standards.

Read More

Topics: Contract Management, Outsourcing, Regulatory Compliance

[Webinar Recap] Outsourcing Governance: What’s Buzzing and What’s Missing

Published by Devinderjeet Singh, 0 Comments, Dec 8, 2016

SirionLabs conducted this webinar on 6th December 2016. The title of the webinar is ‘Outsourcing Governance: What’s Buzzing and What’s Missing’ and it features John Dreyer, President and CEO, The Shelby Group and Claude Marais, Co-founder & President, SirionLabs. So what’s this webinar about? Here is a quick summary.

Read More

Topics: Supplier Governance, Supplier Management, Outsourcing, Webinar

Measuring performance of services

Published by Indus Khaitan, 0 Comments, Nov 26, 2016

Measuring performance of procured goods is easy, it is tactical, it is transactional. Goods are exchangeable and returnable. For example, if you are a big box pharmaceutical company and decided to upgrade to ergonomic chairs for employees, you put out an RFP, select a vendor and procure hundreds of chairs. Down the road, a few chairs were reported to be sub-quality—a vendor manager in the procurement team calls the vendor and requests a refund or an exchange based on the agreed contract. Easy. 

Read More

Topics: Supplier Governance

SirionLabs @ Nasscom Product Conclave 2016 - the ‘League of 10’ award, an elevator pitch to a best-selling motivational guru and everything in between

Published by Devinderjeet Singh, 0 Comments, Nov 11, 2016

It was the end of an eventful day at the Nasscom Product Conclave (NPC) in Bangalore, and time for me to retire back to my hotel room. So we (I was with my colleague Prakash Nagaraju, VP of Global Implementation at SirionLabs) walked to the ground floor elevator lobby at the magnificent Taj Vivanta hotel. As we stood there chatting and waiting for the elevator to reach us, we saw Mr. Shiv Khera, the world renowned motivational speaker, author, business consultant (and many other successful avatars). He was headed in our direction - of course for the same reason we were there, the elevator. As he stood next to us, we greeted him and………actually, before we go any further, let me step back and give you a quick walk through of what the NPC event is all about and what was SirionLabs doing there. 

Read More

Topics: Awards