Case Study: Global O&G Major Saves $235M by Transforming Contract Governance
Key results
The challenge
A global oil and gas company managed billions in supplier contracts manually, tracking obligations in spreadsheets, relying on inconsistent supplier reports, and struggling to validate supplier performance and invoices. Issue tracking was ad hoc and scope changes were difficult to monitor and enforce, resulting in rising disputes, revenue leakage, and missed performance targets.
The solution
The company deployed Sirion's AI-native CLM to automate obligation and performance tracking, cross-check invoices and new work orders against contract scope and terms, and centralize governance issues and follow-ups in a single workflow. Supplier obligations, performance metrics, invoices, and contract data were unified into a single source of truth.
“We wanted to change the way contracts were governed in our organization and knew we needed to leverage automation. Sirion not only checked all the boxes but delivered huge cost savings in a very short span of time.”
The results, in context
Sirion delivered $235M in hard savings through validation of new work orders and invoices against contractual terms, alongside a 70% reduction in supplier disputes and a 60% reduction in manual governance efforts and costs. The number of suppliers under active governance increased 7X, with $4.1B in total contract value under active governance.