Contract Lifecycle Management
All Your Contracts Connected, Tracked, and Compliant
Control authoring, track contract versions, and adhere to approval policies using collaborative workflows to improve contractual compliance using Scanmarket's Contract Lifecycle Management software
Scanmarket is trusted by businesses across the globe
Reduce Exposure to Legal Risk with Intelligent Contract Management
A contract management solution can help you successfully manage and monitor your contract lifecycles, removing the risk of expired contracts and large administrative burdens.
Simplify control of contracts, data, and supporting documentation through rules-based workflow and eSignature routing and gain full audit visibility of documentation and approvals to increase contract compliance.
Streamline Your Contract Management Process
Simplify the creation and management of your contacts by consolidating them in a single, centralized repository. Having a shared database of contracts, amendments, sub-contracts, data, and documentation from your vendors and customers allows any authorized person to quickly locate any document.
Collect and Connect All Your Contracts in One Easily Accessible Repository
Secure and controlled storage of all your contracts in a collaborative environment.
Enable your legal department to easily build and control a library of pre-approved clauses and templates ensuring the most recent contract terms are made available for new contracts or amendments.
The clause library also helps to provide alternative language that can be proposed when third-party templates are imposed upon you.
With Seamless Integration
Integrate with what you know and already use.
Scanmarket integrates seamlessly with leading technology solutions to create an effortless experience for the end user.
... and Fantastic Contract Lifecycle Management Functionalities
500+ Happy Customers
Scanmarket's software is built to make S2C management as simple as it should be.
But Don't Just Take Our Word for It
"Scanmarket's Contract Management has enabled Marston's to focus key resources on what's important to our business rather than waste time on administration."
Colin McKenzie, Head of Indirect Procurement at Marston's
"Parashift is vital for Medica to efficiently process provider and practitioner demographic information throughout our directory portals and claims systems."
Managing Director, Healthcare Practice, Medica
"The configuration included functionality to improve overall operational efficiency for the creation, reviewal, negotiation, approval, monitoring, reporting, compliance, and enforcement of business contracts, thereby streamlining the contract management processes and saving considerable time for employees."
Hirschmann Automotive
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Scanmarket's S2C software is built to be used.
See for yourself how advanced technology can be as simple as it should be.
Frequently Asked Questions
How efficient can you get by using contract lifecycle management software?
According to a study by the National Contract Management Association, more than 75% of large companies have problems finding their contracts, and 85% are using manual or partially automated processes to manage existing contracts.
Nearly 80% of a company's external spending is covered by a contract, which means there are tens of thousands of active contracts inside your company at any one time.
Which type of support do you provide?
We provide 24/5 Quick Call support for your internal users and suppliers.
Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.
Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.
How can I reduce manual work?
Significantly improve negotiation governance with redlining and version management. Every step in the redlining process is saved as a new version providing full visibility and traceability. Document redlining is managed with high user experience in focus using deep Microsoft Office integration.
Create, edit and track contracts and maintain full audit tracking of changes and version updates for all stakeholders throughout the contract lifecycle
Automation of especially the contract authoring and redlining process, in particular the signing process, provides efficiencies and saves time where normally the contract author would manually be sending copies of the document between internal and external counterparts. In addition, pre-approved clauses and templates provide a structured way to easily adapt contracts to specific needs.
Approval workflows can be defined per contact template and ensure that only relevant people are asked to review and/or approve a new or updated contract.
Do I have to manually input data?
Convert your eSourcing event (RFx/eAuction) directly into a new contract, transferring data and reducing human error.
How can I find specific data?
The contract lifecycle management repository provides quick and easy access to contract data. Using powerful OCR technology you can search across multiple criteria including contract status, contract managers, start/expiry dates, custom metadata fields, keywords, etc. and the platform even lets you search the full text of computer-generated documents such as PDFs or Word files.
Run reports and export them to Excel in seconds to take all contract data offline if needed.
Can I use CLM for audit tracking?
The platform provides automated audit logs on all contracts providing a full history of any updates to fields, signatures, approvals, etc. The detailed audit log is available for instant searching, filtering, and printing as needed.
How can I manage my stakeholders?
Implement defined workflows dependent upon the type of contract, outlining who is involved and at which stage of the process, ensuring buy-in from all relevant stakeholders from low to high-value contracts.