Scanmarket

Empowering procurement, legal, and finance teams with intuitive S2C software.

by Scanmarket · Sourcing & RFx

Executive Summary

Scanmarket is a cloud-based Source-to-Contract (S2C) software platform designed to empower procurement, legal, and finance teams by streamlining and optimizing procurement processes. It offers modules for strategic sourcing, supplier management, contract lifecycle management, and spend analytics to drive efficiency, cost savings, and strategic value. The platform is known for its user-friendly design, advanced functionalities, and strong focus on user adoption and expert support for businesses of all sizes.

Use Cases

  • Streamlining the RFx process (RFI, RFP, RFQ) to find and evaluate suppliers efficiently and transparently.
  • Conducting real-time e-Auctions to drive competitive bidding, achieve significant cost savings, and optimize negotiation outcomes.
  • Centralizing and managing contracts from creation to renewal, ensuring compliance, reducing legal risk, and automating notifications.
  • Gaining comprehensive visibility into spend data to identify savings opportunities, improve financial planning, and reduce maverick spend.
  • Managing supplier relationships, including onboarding, performance tracking, and risk assessment in a centralized repository.
  • Tracking and managing procurement projects from initiation to completion with full visibility, resource allocation, and workflow automation.

Features

Visibility

  • Centralized E-Sourcing: Provides a single, user-friendly interface to track all sourcing activities, offering full visibility into projects and real-time data for decision-making.
  • Advanced Spend Analytics: Analyzes past purchasing trends, identifies cost-saving opportunities, and forecasts future expenses with AI-driven data cleansing.
  • Project Management Visibility: Offers full visibility of all existing projects via a single shared repository, with customizable project boards and status indicators.
  • Contract Repository & Audit Trails: Centralizes all contracts in a secure repository with metadata search, version control, and comprehensive audit trails for full visibility and compliance.

Intelligence

  • AI-driven Data Cleansing: Enhances data accuracy in spend analysis by automatically cleansing and categorizing data.
  • Automated e-Auctions: Enables real-time competitive bidding with various auction types (reverse, Japanese, Dutch) and instant analytics for better decision-making.
  • Automated Notifications & Renewals: Sends automated email notifications for contract renewals, compliance checks, and document expirations, reducing manual oversight.
  • Supplier Scorecards: Assigns relevant questionnaire or KPI sections to suppliers with automatic score calculations for performance comparison and risk assessment.

Support

  • 24/5 Quick Call Support: Provides real-time access to strategic sourcing experts 24 hours a day, 5 days a week, for technical issues and professional advice.
  • Dedicated Customer Success Manager: Ensures user adoption and helps customers reach digital maturity through ongoing support and guidance.
  • Consulting & Implementation Services: Offers expert services for successful implementation, integration, and adoption of the platform.

Technical Specifications

Architecture
Cloud-native SaaS
Deployment
Cloud/SaaS
Authentication
SSO, Integrations
API Available
Yes
MCP Server
No

AI/ML Stack

  • Machine Learning

Integrations

  • SAP
  • Oracle
  • Microsoft Dynamics
  • Unit4 ERP
  • NetSuite

Security & Compliance

Encryption: TLS in transit, AES-256 at rest (implied)

Data Residency: EU/Global

Pricing

Model
Tiered subscription, Custom enterprise
Starting Price
Starting at $600/month
Target Customer
Mid-market to Enterprise
Contract Type
Annual
Free Trial
No (credit card required)

About Scanmarket

Scanmarket is a cloud-based Source-to-Contract (S2C) software provider that offers solutions for strategic sourcing, contract lifecycle management, and third-party risk management. Founded in 1999 and headquartered in Solbjerg, Denmark, the company serves over 350 customers across more than 85 countries, including Emirates Flight Catering, NatWest, ISS Facility Services, MacMillan Cancer Support, and Kärcher. In June 2022, Scanmarket was acquired by Unit4, enhancing Unit4's ERP suite with advanced procurement capabilities. ([itpro.com](https://www.itpro.com/business-strategy/mergers-and-acquisitions/367926/unit4-acquires-scanmarket-to-bolster-erp-suite?utm_source=openai))

Founded: 1999 · Headquarters: Solbjerg, Denmark · Employees: 201-500 · Private