SAN FRANCISCO, Nov. 7, 2018 /PRNewswire/ -- Scout RFP, the sourcing and supplier engagement platform, today announced the release of its new Scout Contracts product, the simplest and most effective way for enterprises to manage their buy-side contracts and obligations. According to a recent Scout survey, only 30% of Chief Procurement Officers are satisfied with their current contracts management system, citing the lack of flexibility and visibility as their top frustrations.
Scout Contracts is the first contract lifecycle management tool to provide both simple, flexible contract management and make the process of identifying, tracking, and managing obligations clear and straightforward. With the new Scout Contracts, sourcing teams can now implement effective, data-driven contract management processes in a matter of hours. The new product allows companies to manage contract obligations, effortlessly track contract status, set renewal notifications, and request eSignatures through a DocuSign integration.
"We needed a way to cut through the complexity of our contracts process," said Stephen Caution, Vice President Of Business Development at JOANN Stores. "We chose Scout Contracts because it is simple, flexible, and accessible to the entire business, and I can get a clear view into every statement of work and contract obligation across our suppliers."
"Contracts are the critical link connecting businesses and their suppliers," said Andrew Durlak, Vice President of Operations at Scout RFP. "From the terms of the deal to the specific obligations each party holds to the other, these documents define the foundation for the relationship. In an agile, growing organization, it's critical for teams to have simple, effective, and flexible tools like Scout Contracts."
To learn more about Scout Contracts and Scout's cloud-based sourcing platform, visit www.scoutrfp.com.
Scout is the sourcing and supplier engagement platform trusted by procurement teams to streamline their process, manage a unified pipeline of projects, and collaborate with stakeholders and suppliers. Scout's powerful platform drives profitability and makes enterprise commerce faster, less risky, and more transparent, giving CPOs the tools they need to transform their organizations. Over 165 global brands trust Scout to provide greater visibility across stakeholders and suppliers, measure effectiveness, and make procurement teams crazy successful by delivering better business outcomes. Headquartered in San Francisco, CA, Scout is funded by Menlo Ventures, NEA, and GV and has over 119,000 active users across 117 countries. Read more on the Scout Blog or follow @scoutrfp on Twitter or LinkedIn.
SOURCE Scout RFP