Procurement lives and dies based on clear, timely information and management. As such, any tools your company utilises to ensure those results will be necessary. However, with so many different suites out there, not all of them relevant to your company, it’s important to be mindful about which software tools you integrate.
Moreover, it’s essential to use services that care for the user experience, especially in a fast environment where decisions need to be made quickly and without doubt.
In this post, we’ll review Scanmarket and its various functions, a common favourite among procurement officers.
Scanmarket is a source-to-contract (S2C) procurement software, which has been designed to streamline strategic sourcing and contract management. To do that, it offers cloud-based tools for eRFx, eAuctions, supplier management, and more.
The platform defines itself through its ease of use; as its own site says Scanmarket’s software “is built to be used” and that advanced tech can be “as simple as it should be”. In practice, the interface clean and intuitive, giving them a capable USP over some traditional procurement suites.
This is because Scanmarket’s suite is modular and focused on “core sourcing activities”. In practice, that means a suite of features, and this includes spend analytics, RFx management, electronic auctions, contract repository, supplier tracking, and project management integrations too.
This has gone down well with users. For example, Info-Tech named Scanmarket a “2025 Strategic Sourcing leader” citing a top customer support score. Moreover, its eAuction and eRFx tools have been praised as “powerful and user-friendly” for making bids.
That’s no doubt helped by its structure as a cloud-based solution, which means updates roll out automatically with no local installations your team has to usffer through. This brings value for many of our modern remote working and digital environments.
Pros of Scanmarket
- Easy to use interface. Users continually discuss how easy the platform is to navigate and learn. Softwarereviews.com notes Scanmarket has a “user-friendly design” that very much helps onboarding and training. This means new team members usually get up to speed quickly.
- Robust e-auction & eRFx tools. Scanmarket supports many bidding formats (including Dutch, Reverse, Forward, etc.) which also includes advanced bidding rules. Industry ratings note its eAuctions and eRFx are top-notch too, as Info-Tech credited Scanmarket’s “powerful and user-friendly eAuction & eRFx capabilities” as part of its rating.
- Fast implementation. Unlike many bloated procurement packages, Scanmarket comes with many templates templates and needs minimal IT work, so companies often see it live within days or weeks. G2 notes Scanmarket is “celebrated for its ease of implementation” for that purpose.
- Strong support and supplier engagement. The platform makes it easy to invite suppliers and manage bids, while its support team stands out. That’s why it’s earned an 85% customer support satisfaction score in Info-Tech’s reports. That also includes a praise for the “Quick Call” help feature that offers expert assistance available 24/5.
- Integrated in all appropriate platforms. Scanmarket provides a full S2C toolkit (this includes RFx, auctions, contracts, supplier and project modules) on one singular platform, which is convenient for procurement staff. Because it’s modular, organisations can pick just the parts they need, as opposed to the usual practice of buying a full ERP. All these modules share the same interface, so even as needs grow, the experience doesn’t need constant new training.
Cons of Scanmarket
- Learning curve for newcomers. Some powerful features require practice to master, even if the platform works well to onboard newcomers and the modular features are optional. That said, all businesses will still find that initial training is needed to get fully comfortable. Treat it as you would most other new software packages installed within your firm.
- Limited customisation. To keep things simple, Scanmarket has less room for deep tailoring than some enterprise giants you may be familiar with, as modular integrations are the focus. In practice, if a company has highly specialised workflows, they may want to consult with the service beforehand.
Focus on sourcing. Because Scanmarket mostly focuses on sourcing and contract management, it does not cover functions like invoicing or full back-office finance. Larger organisations often pair it with an ERP or accounting system which is easier thanks to the modular focus. This keeps the core tool efficient, but buyers looking for an all-in-one
