Contract Management
Manage contracts with ease: Simplify the creation and management of your contracts with Scanmarket by Unit4’s Contract Management solution.
How Contract Management can help you
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Single source of truth for all corporate contracts
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Rapid deployment and adoption of all department-specific contract management processes
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50% reduction in contract cycle times
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55% improved compliance management
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2-7% direct savings on purchase costs
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25-50% reduction in contract administrative costs
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Customizable contract workflow process
Key features & capabilities
Configurable repository
Find the contract you need quickly and easily with the metadata search and filter feature. Configure the columns to your liking with the drag-and-drop feature.
Automated notifications
Send automated email notifications and set additional notifications for events like review meetings, termination notices, renewals, and more.
Version control
View all contract versions, run audits, and quickly sort data with advanced filters. Easily export full audit logs to Microsoft Excel.
Integration with eSourcing
Convert any eSourcing event directly into a new contract. Import all relevant data it reduce workload and manual errors.
Contract library
Build a new contract or edit existing agreements with ease. Access the pre-approved template library, edit or add fields or clauses to tailor contracts faster.
eSignature integration
Review and sign contracts quickly with integrated eSignature. Eliminate the need for a separate contract and expedite approval workflows.
Contract Management in action
Improved contract compliance
Successfully monitor and manage your contracts, remove the risk of expired contracts, and ensure contract compliance, while eliminating 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.
One easily accessible repository
Secure and controlled storage of all your contracts in a collaborative environment. Find the contract you need quickly and easily with the metadata search and filter feature, using OCR technology.
Scan your entire database, including attachments, to generate the fastest search results.
Tailor contracts faster
Build a new contract or edit existing agreements in just a few clicks.
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.
Additional learning
Contract Management Software: The Ultimate Cloud-Based Storage Solution
Many things fluctuate in business...
Mitigate Cyber Security Risk with Contract Management
Threats to cyber security come from both inside and outside the organization...
What You Need To Know About Contract Risk
In B2B contracts, collateral damage can occur and problems are not always predictable...
Don't take our word for it
Choosing Scanmarket by Unit4: A best-of-breed solution
Read the latest SoftwareReviews Comparison Report to understand why Scanmarket by Unit4 is the right solution for you.
Using data sourced from SoftwareReview’s 2024 Strategic Sourcing reports, this report provides a comprehensive insight into the customer experience when using Scanmarket by Unit 4 software. Whilst comparing the buyer experience against key players in the market, it also provides a variety of metrics to assist you in choosing the software that best matches your organizations goals.
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 contracts, which can cause serious problem to honour their contractual obligations.
Nearly 80% of a company's external spending is covered by a contract, which means there are tens of thousands of active contracts workflows inside your company at any one time.
Which type of support do you provide for your procurement and contract management software?
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 with your saas contract management software?
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?
With our s2c management software you will be able to 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.
With our enterprise contract management software, you can run reports and export them to Excel in seconds to take all contract data offline if needed.
Can I use CLM for audit tracking?
Our source to contract management software 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, helping you make sure you never miss any contract renewals ever again.
How can I manage my stakeholders?
Our management system allows you to 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.
