What does Scanmarket do?

Scanmarket makes user adoption as simple as it should be. Scanmarket is paving the way for flexible best-of-breed solutions that are built to be used. Find savings and create value across the entire organization through visibility and digitalization of processes.

Who owns Scanmarket?

The founders of Scanmarket, CEO Betina Nygaard and CCO Ole Nielsen, have reinvested 10% and will continue to lead development at the Denmark-based software firm, according to the announcement.

What is source to contract?

Source-to-Contract is a process where Procurement identifies and creates value for their organization. This complex series of business processes includes all upstream Procurement activities, from Spend Analysis and Supplier/Category Management to Sourcing projects and Contract Management.

Who is Scanmarket?

Scanmarket is a provider of a cloud-based SaaS suite within strategic sourcing software. Provides a suite of strategic esourcing software that includes supply base management, contract management, and e-bidding functionality.

What does RFx mean?

In the procurement technology industry, RFx is an acronym for Request for [x], where x stands for Information (RFI), Proposal (RFP) or Quotation (RFQ).

What is S2C and P2P?

S2C includes the supplier management, sourcing, contract management and catalogue management functions Procurement uses to create value. P2P provides the framework that guides employees to established suppliers and agreements to fulfil their needs.

What is RFx and RFQ?

What is RFP and RFx?

An RFx is a catch-all term that refers to any document that is a ‘request for’ something. Indeed, the ‘x’ stands for various kinds of requests. For example, an RFP is a request for proposal. RFQ may stand for request for quotation.

What is S2P and P2P?

When businesses are looking to digitise their procurement and accounts payable processes, there are a range of strategies and tools to consider. In addition to procure to pay (P2P), many organisations are now turning to source to pay (S2P) to enhance efficiency while reducing costs.

What is S2P in procurement?

Source-to-pay (S2P) is a process that starts with finding, negotiating with, and contracting the supplier of goods, and culminates in final payment for those goods. S2P software relies on technology, big data, and digital networks to create procurement efficiency.

What is PO and non PO?

When a purchase requisition process is in place, the purchase will be triggered by a pre-approved purchase order (PO) that is sent to the supplier. In the case of purchases made outside the regulated purchase process, a non-PO invoice, also called an expense invoice, is sent from the supplier.