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MediaKind has chosen SirionLabs to modernize its contract management operations.
According to a survey on artificial intelligence (AI), more than half of organizations will have implemented AI in at least one business unit or function by 2020, indicating that new AI trends will develop.
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CIO Applications | Tuesday, February 01, 2022

User experience, speed, and enhanced reporting tools got identified as important factors in the choice.
Fremont, CA: According to a survey on artificial intelligence (AI), more than half of organizations will have implemented AI in at least one business unit or function by 2020, indicating that new AI trends will develop. AI technologies are helpful for businesses to produce more value, improve revenue, and increase customer loyalty. AI leaders invest at least 20percent of their profits before interest and taxes (EBIT) on the technology. COVID-19 is speeding up digitization so that this number might rise. Lockdowns led to a tremendous increase in internet activity and widespread AI adoption in fields such as business, education, administration, and social interaction.
SirionLabs, a supplier of AI-powered contract lifecycle management (CLM), launched a new business collaboration with MediaKind, a worldwide change leader in media technology and services today. MediaKind has chosen SirionOne, SirionLabs' end-to-end smarter contracting technology, to alter its contract management approach.
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SirionLabs was evaluated by MediaKind's review team on both risk management and compliance management solutions, discovering numerous critical components of the SirionLabs platform that eventually met their criteria. SirionLabs will help MediaKind automate, improve, and simplify its contracting procedures via a single AI-enabled platform. MediaKind will benefit from quicker contracting cycle times, fewer manual/email-based reviews and approvals, and a central repository that gives simple access to all of its past and ongoing contracts, as well as search and reporting features.
"As MediaKind is the innovation leader in media technology, the fit with the most advanced CLM solution is obvious. Along with SirionLabs, the leader in contract management, we are looking to help MediaKind gain greater visibility and optimum supplier performance. On top of this, the complementarity with Fluxym providing advisory and implementation expertise to get the maximum of the solution is the recipe for fast ROI," said Thierry Jaffry, Senior Vice President, Americas at Fluxym.
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