Scanmarket
Contract management software
RFP software
Spend management software
Strategic sourcing software
Project management software
Supplier relationship management (SRM) software
Procurement software
Project, portfolio & program management software
Supply chain management software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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- Real estate and property management
- Public sector and nonprofit organizations
- Media and communications
What is Scanmarket
Scanmarket is a cloud-based e-sourcing platform used by procurement teams to run sourcing events such as RFIs, RFPs, and reverse auctions and to manage supplier onboarding and performance processes. It supports category managers and sourcing professionals who need structured workflows for competitive bidding, evaluation, and award decisions. The product emphasizes configurable sourcing templates, supplier collaboration, and reporting across sourcing pipelines, and it is commonly deployed as part of a broader procurement technology stack via integrations.
Strong e-sourcing event support
Scanmarket provides core e-sourcing capabilities such as RFx creation, supplier invitations, Q&A, bid collection, scoring, and award workflows. It also supports reverse auctions for categories where price competition is appropriate. These functions align well with procurement-led sourcing processes that require auditability and repeatability across events.
Configurable workflows and templates
The platform supports reusable templates and configurable steps for different sourcing categories and business units. This helps standardize how sourcing events are run while still allowing variations in evaluation criteria and approvals. It can reduce reliance on spreadsheets and email for repeatable sourcing playbooks.
Supplier management capabilities
Scanmarket includes supplier-related functions that can support onboarding, information collection, and ongoing supplier engagement tied to sourcing activities. Centralized supplier data and communications can improve continuity between events. This is useful for organizations that want sourcing and supplier processes in one system rather than separate tools.
Limited CLM depth vs specialists
While Scanmarket can support procurement processes that touch contracts, it is not primarily positioned as a contract lifecycle management system. Organizations needing advanced clause libraries, playbooks, redlining workflows, and deep repository analytics may require a dedicated CLM alongside it. Contract-centric legal workflows may therefore sit outside the product’s strongest area.
Not a full spend suite
Scanmarket focuses on sourcing and supplier processes rather than end-to-end procure-to-pay execution. Companies looking for native invoice processing, payments, and broad spend analytics may need additional systems. The overall value depends on integration quality with ERP and downstream procurement tools.
Implementation depends on configuration
Realizing consistent sourcing governance typically requires upfront configuration of templates, scoring models, and approval paths. Data migration and supplier enablement can add time, especially when consolidating supplier records from multiple sources. Ongoing administration is often needed to keep templates and workflows aligned with policy changes.
Plan & Pricing
Pricing model: Annual license (customized; quote required)
Components & notes:
- Core platform + optional modules + number of users determine the license.
- One-time implementation/setup fee is charged for initial deployment.
- Billing cadence: annual license fee (per official site language).
- 24/5 customer support is included with the platform license.
Public list prices: Not published on the vendor site; customers are asked to book a demo or contact sales for a tailored quote.
Seller details
Scanmarket A/S
Copenhagen, Denmark
2003
Private
https://www.scanmarket.com/
https://x.com/scanmarket
https://www.linkedin.com/company/scanmarket
