Scanmarket - 2024 Pricing, Features, Reviews, & Alternatives

Scanmarket is a contract and compliance management solution for users in any line of business involved in compliance and risk management, including organizational governance and entity controls. The solution serves organizations of all sizes, from departmental to enterprise implementations, and helps users actively manage contractual terms and risks. The platform enables users to manage documentation, budgets, deadlines, commitments, workflow, including secure access and analytic tools for contract management and compliance.

Scanmarket’s contract and document creation module enables users to create new contracts and agreements from standard clause and template libraries, including NDAs, BAAs, CDAs and more. It helps handle the entire contract life cycle for all partners and contract types, as well as optimize all contractual relationships. Contract activation features allow for contracts to be captured and stored manually, semi-automatically, or automatically within the system. The compliance module addresses compliance demands, and provides users with transparency of risks, conditions and obligations.

The platform's secure repository includes integrated archiving functionality that can be configured to unique user requirements. The reporting feature provides 15 standard default reports which can also be configured as required. Users are able to import or export files in various formats including pdf, docx, xlsx, rtf, and xml. Automatic alerts and notifications can be sent via email or via the system, to warn users of specific events such as a change of contract status or threshold breach.

Scanmarket enables users to track and trace an audit trail in cases when several users have the permissions to modify a contract. All tracked data can be searched and sorted by activity, user, date or time. Users are able to define data and relationships, typically between the contract and its relevant partners. Workflows and approval guidelines can be defined and managed, based on the responsibilities of the authorized users. The platform supports multi-party/language/currency features with mouse-over currency conversions.