Supplier Risk & Performance Management
Simplify supplier management and mitigate third-party risk.
Scanmarket Supplier Risk & Performance Management software helps you centralize all supplier data, minimize unnecessary manual work, reduce operational risk and the risk of non-compliance within the supply chain.
Scanmarket is trusted by businesses across the globe
The Strategic Importance of Third-Party Risk Management
Make fully informed choices through pre-defined automated supplier due diligence processes and approval workflows to meet your risk criteria.
Assessing vendors is seamless through the integration with corporate risk databases (including Dow Jones, Lexis Nexis, and Refinitiv). Carry out automated screening of company and key individuals’ names to check against global sanctions lists and records pertaining to financial crime, corruption, politically exposed persons, workforce disputes, environmental issues and more.
Simplify Vendor Risk Management
Invite your suppliers to register through the supplier portal to enter and maintain their own data, accreditations, and certifications, reducing your supplier management workload by up to 65%.
Your suppliers will benefit significantly, as they will only need to provide the information once for all RFI/RFPs, and your colleagues will have full access to supplier data across the business.
Centralize Supplier Information and Supplier Performance Management
Keeping supplier data up to date is of equal interest to you and your suppliers, so why not simply make it a collaborative effort?
Just centralize all supplier data and ask your suppliers to keep their relevant information, accreditations, and certifications up to date, benefitting stakeholders in both camps and fostering supplier relationships.
Scanmarket’s Supplier Risk & Performance Management software is equipped to distribute questionnaires that can be linked to sourcing events.
Expedite the decision-making process by tracking and accessing supplier performance in one centralized location. Use scorecards and instant KPI tracking and reporting to elevate your entire buying function.
Integrates with industry applications
Integrate with what you know and already use.
Scanmarket integrates with leading technology solutions to create an effortless experience for the end user.
Key Supplier Risk & Performance Management functionalities
Centralized Supplier Base
Supplier Management
Compliance
Third-Party Risk
Auditing & Reporting
Fraud Detection
Security & Background Profiling
Identity Management
Data Integration
Intelligent Questionnaires
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
“We have been using the Scanmarket/Symfact TPRM solution since 2020 to standardize and streamline our due diligence and risk check processes. With a quickly evolving global risk landscape the solution has never been more important for us than it is now. The functionality is excellent and the service is second to none. We certainly class Scanmarket/Symfact as a partner, rather than just a provider, in this area.”
Holcim
"Scanmarket has provided Scandlines with a platform on which we can build Sourcing 2.0. By increasing transparency, cost efficiency, and stakeholder satisfaction, we are digitizing sourcing processes, and thereby maximizing output from each sourcing event."
Andreas Fries Jørgensen, Category Task Manager at Scandlines
The Benefits of Using Scanmarket Supplier Risk & Performance Management
Challenges Scanmarket Supplier Risk & Performance Management Solves
Scanmarket is Loved and Trusted by Customers
SotwareReviews asked real users what they thought about using Scanmarket and the value they received, here is what they had to say.
How Much Does Scanmarket Cost?
Companies of every size and type, from medium-sized manufacturing businesses to enterprise-level service organizations have made the move to Scanmarket. Looking for a better way to run your source-to-contract processes but wondering about the cost?
Users subscribe to Scanmarket for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial set up.
As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.
24/5 customer support is included with the Scanmarket platform license.
Resources
Resources
Data Sheet
Download to gain more insights into SRPM:
Data Sheet - Scanmarket Supplier Risk and Performance Management
Customer Stories
Spark ideas with success stories from Scanmarket customers:
Webinars
View our on-demand webinars, which deliver insights from Scanmarket and industry experts:
The Future of Procurement: Treating Suppliers as Partners, Not Just Cost
Guides & Blogs
Deep-dive into topics around procurement, strategic sourcing and Scanmarket:
Essential Learning
Discover best practices and learn more about strategic sourcing:
Book a Demo
Scanmarket's S2C Procurement software is built to be used.
See for yourself how advanced technology can be as simple as it should be.
Frequently Asked Questions
Frequently Asked Questions
What is the most efficient way of securing compliance?
Automate maintenance of supplier certifications, documentation, and scoring by transferring the responsibility for updates and verifications to your suppliers.
Monitor compliance with full visibility of supplier activity including contracts, event history, contact information, certificates, files, communications, and more. With Scanmarket's Supply Risk & Performance Management software, all supplier data is readily available with reports, notifications, and flag alerts for non-compliance issues.
You no longer have to chase suppliers for data updates. Suppliers simply log in to update their information and certificates directly under their profile and receive automated expiry reminders.
Which tools do you integrate with?
Integrate with enterprise resource planning (ERP) tools and other master supplier data to include all relevant information about goods and services being sourced.
Customize integrations with seamless data flow for solutions such as ERP, DocuSign, P2P, eSourcing, Contract Management, Risk Management, and more.
How does automated supplier onboarding work?
Provide a link on your company website for interested suppliers to register on your database, or issue a link via email. Scanmarket's Supply Risk & Performance Management software verifies email addresses for security purposes and confirms the completion of required registration questionnaires.
Automated notifications let the relevant users know once a new supplier has registered. Review new suppliers and accept or reject them based on scoring thresholds, transferring them automatically to the supplier database.
The automated onboarding process saves time and requires fewer people in the initial screening, and offers a standardized approach toward all suppliers.
How can I improve my tender workload?
Reduce tender workload by up to 80% with supplier score tracking to gain visibility of all supplier information. Customize your supplier surveys with scorecards, KPIs, and more to compare suppliers from a 360° view.
Scanmarket's Supply Risk & Performance Management software provides transparency for all buyers using the same supplier and enables proactive supplier management.
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.
