Product Deep Dive: Cut Through the Chaos with Scout Contracts
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The document outlines a presentation on Scout Contracts, highlighting issues of contract chaos and the need for effective contract management. It addresses customer frustrations regarding contract visibility, approval processes, and the importance of managing supplier relationships effectively. The presentation details the benefits of using Scout's platform for streamlined contract management, including integration with DocuSign and enhanced visibility into contract obligations and statuses.
Product Deep Dive: Cut Through the Chaos with Scout Contracts
- 1. A SCOUT DEEP DIVE #scoutspark Cutting Through the Chaos with Scout Contracts STEPHEN MACKO Customer Success Manager Scout RFP SANDY TEDT Senior Product Manager Scout RFP
- 2. #scoutspark Agenda Introduction1 Contract Chaos2 Scout Contracts Workflow 3 Key Benefits of Scout Contracts 4 Product Demo and Use Cases 5 Q & A6
- 3. #scoutspark A Brief History of Scout Contracts What we heard from customers… “I’d love to stay ahead of 90/60/30 day renewals, but right now contracts are like a black hole.” “It’s an ongoing frustration to answer simple questions about contract signatures. I can’t even confirm the contract exists in the first place.” “Our team is solely focused on savings, and contract chaos results in a big missed opportunity, in the form of leaky spend.” “We spend 80% of our time looking for contracts and tracking down approvals, rather than actually negotiating them.”
- 4. #scoutspark Source to Contract Ongoing Contract Management • What happens once I’ve selected my supplier from a sourcing event? • How do my internal stakeholders know where a contract is in the approval process? • What if there is a question or issue that comes up during the approval process? • How do I know if my supplier is following through on what was agreed upon in the contract? • How does this contract tie in with other agreements in place with this supplier? • What is the duration of this contract? • When do I need to decide if I’m going to renew or terminate this contract? Contract Chaos
- 5. #scoutspark Simple, Flexible Contract Management Effective Obligation Management From team members to stakeholders, give everyone in the their requests are in queue, next steps, and who’s responsible. Full Visibility for the Business With simple, persistent communication and collaboration tools, same page and knows who owns the next step. Align with Performance Management Go straight from sourcing, through contracts, and into a streamline management process, all in the context of Scout. Never miss a
- 6. PIPELINE & SAVING TRACKING SOURCING & AUCTIONS CONTRACTS ONBOARDING AND SUPPLIER PERFORMANCE INTAKE A UNIFIED SOURCING AND SUPPLIER ENGAGEMENT PLATFORM
- 7. #scoutspark See the Status of Every Signature See every step and signature With a full view into the history of a for signature, set the process and track internally and with the business. Sign, seal, and deliver Elegant integration into DocuSign gives everyone on your team the ability to create and distribute contracts for eSignature. Track, remind, and collaborate Keep everyone on the same page with effective self service views, reminders and priority management in Pipeline. Track the status and signature of every contract and form with Scout’s new DocuSign Integration
- 8. #scoutspark Keep Tabs on Every Contract Obligation Get a clean, clear view into obligations across suppliers and the business. Only with Scout. Effective Obligation Management From team members to stakeholders, give everyone in the organization visibility into where their requests are in queue, next steps, and who’s responsible. Always in Step by Step by Step From getting contracts signed, to milestone management, all the way through renewal and termination, keep the business and your partners in legal up-to-date on next steps and accountability. Clear Contract Hierarchy By engaging everyone in the process, and making access to the update simple and self-serve, you eliminate delays in the process and education the company on Sourcing’s impact.
- 9. #scoutspark See the Relationships in Every Contract, Clearly From MSAs to Order Forms and SOWs- see the history, references, and context of every contractual relationship. Clear Contract Hierarchy At a glance, see the detailed relationship between contracts, master agreements, SOWs, and order forms. Never guess at a relationship again. Supplier-Centric View of Contracts Through Scout’s Supplier Engagement platform, see the full scope of your supplier business relationship in one location, clear for the whole team. Never Miss a Renewal Again With clear, customized notifications and alerts on key contract obligations and events – renewals and more- you’ll never worry about missing key milestones.
- 11. #scoutspark Scout Workflow with Contracts PIPELINE & SAVING TRACKING SOURCING & AUCTIONS CONTRACTSINTAKE SUPPLIER MANAGEMENT Submit request to sourcing team Manage and track requests Compare bids and select desired supplier Create and manage contract supplier contracts Track supplier performance over time
- 12. Q & A
- 13. Thank You! Stephen Macko | smacko@scoutrfp.com Sandy Tedt | stedt@scoutrfp.com