Thank you. We will be in touch shortly.

Request
Quick Call
Request Quick Call

Thank you. We will be in touch shortly.

Contracts Under Control

Traditional methods of managing contracts streamlined through digitalization with Scanmarket's Contract Management software.

 

Challenge

Prior to working with Scanmarket, this client was relying on traditional ways of storing, tracking and managing contracts. Some of their contracts were uploaded to a shared server with very limited search options. Some were hard copies sitting in filing cabinets, and few contracts had been uploaded to Microsoft SharePoint. They often struggled to find contracts and missed renewal dates, and no one took ownership of contracts

Solution

The majority of existing contracts were migrated to the Scanmarket platform using an import feature that included metadata fields, stakeholders, reminder dates and attachments. Contract Management was implemented with user-designed templates customized for sets of metadata fields on each template to ensure accurate data collection. Checklists and approval workflows were developed to ensure all new contracts are set up correctly moving forward.

Result

Stakeholder engagement increased, and all stakeholder communications are now being captured within the platform with a complete audit trail. All contract elements are easy to access on dashboards with options to find key contract terms and fields rather than having to flip through contracts to find termination options, payment terms, and service level provisions. Notifications are being received well in advance of renewal dates.

Book a Demo

Originating from the needs of the procurement professional, Scanmarket's S2C software is built to be used. See for yourself how advanced technology can be as simple as it should be.

 

Over $1 Million Savings with Air, Sea & Freight List eAuctions
Read more
€4million Saved with CherryLot eAuction on Metal Beer Kegs
Read more
Japanese eAuction Results in 22% Savings
Read more
Japanese eAuction on Car Leasing Saves Buyer Over $600,000
Read more
Scanmarket Client Saves $4 Million on Coffee Machines with Cherry Picking eAuction
Read more