As an attorney and serial entrepreneur, Ajay Agrawal has spent years working with contracts within the private legal sector and built his first company, UnitedLex Corporation, to more than $300M in revenue. In his latest venture, SirionLabs, Ajay is working to streamline contracts for modern businesses’ needs.
With 4x customer growth over the last 18 months, SirionLabs is a leading contract lifecycle management (CLM) platform that uses AI to bring businesses into the future. But what problems are they solving with technology?
Despite the rapid digitization of contracts in our largely subscription-based economy, only 15% of Fortune 500 companies are tracking their contracts’ performance – resulting in up to 15-20% of the contract value being lost as value leakage, which translates to $2-3T lost annually.
While legacy tools to help manage contracts exist, they usually focus only on contract creation and storage. There’s a massive opportunity to take CLM to another level by allowing companies to go beyond signature into the operation stage of a contract to easily manage their risks, obligations, and entitlements.
The company is already trusted by 200+ leading organizations including BP, Vodafone, and Unilever. SirionLabs has saved its customers over $2.2B. With decades of experience, Ajay shares his expert insights into new and exciting technologies that modern enterprises need to bring improved visibility and collaboration across enterprises.
Ajay discusses the larger role that AI will play in strengthening relationships between buyers and suppliers and the key to building trust over the long term. He also walks through successful case study examples as to how he’s helped these businesses achieve operational excellence and why this can be transformative in challenging economic times that we live in now.
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