SirionLabs and Fluxym Announce Strategic Partnership to Deliver Next-Gen CLM and Supplier Management Solutions
- Partnership to focus on helping clients in the U.S., Canada, APAC and France markets improve business outcomes and financial value in supplier contracts
SirionLabs, a leader in enterprise contract management (CLM), and Fluxym, a leading services implementor in the Source-to-Pay market, announced a partnership with a focus on helping organizations drive superior value in supplier engagements.
This collaboration will bring together Fluxym’s strong expertise in Source-to-Pay automation and process implementations and SirionLabs’ proven cloud-based CLM technology platform, creating an industry-leading supplier management solution. The partnership will initially focus on client opportunities in the U.S., Canada, APAC, and France, markets where Fluxym has a strong presence with 300+ clients across such industries as financial services, real estate, food and beverages, manufacturing, transportation, and energy.
“Effective contract management and supplier management are critical for organizations particularly in the post-Covid world,” said Philippe de la Villardière, CEO of Fluxym. “SirionLabs’ AI-powered CLM technology offers deep contract and supplier performance management capabilities that enable companies to drive better relationships and increased value from suppliers. We believe this is the future of supplier management and are super excited to introduce this solution to our customers.”
The increasing complexity in supplier engagements is putting pressure on organizations’ contract and supplier management infrastructure, increasing the likelihood of inefficiencies and non-compliance across the contracting lifecycle. The ability to proactively track and address such discrepancies can drive hard savings worth millions of dollars for customers. SirionLabs’ technology combined with Fluxym’s advisory and implementation services now makes it easier for clients to leverage AI-powered automation to drive improved efficiencies, performance, savings, and relationships across their supplier base.
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“With their deep expertise across the source-to-pay lifecycle and a successful track record, Fluxym is today recognized as a trusted procurement transformation partner for enterprises,” said Amol Joshi, Chief Revenue Officer, SirionLabs. “We look forward to collaborating with Fluxym to help organizations unlock hidden value in supplier contracts.”
SirionLabs was recently named a CLM Leader in The Forrester Wave™: Contract Lifecycle Management for All Contracts, Q1 2021. It is also positioned as a Visionary in Gartner’s 2020 Magic Quadrant for Contract Life Cycle Management and was recently named as one of Fast Company’s World’s Most Innovative Companies for enterprise.
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