TermScout reviews and determines a party favorability rating that is based on more than 750 bits of structured data points. These data points also serve as the backbone of the TermScout platform, and our global contract database, enabling accurate comparisons across vendors and topics.
For each IT contract, TermScout answers the following questions:
*Note that many topics (e.g., term, termination and payment terms) are addressed in secondary documents (e.g., an order form). TermScout reviews the online agreements for these clauses, but customers should always check their ordering documents with each vendor.
Every year businesses engage in billions of online, click-to-buy software transactions. Each one of these transactions presents the buyer with the dilemma of signing the vendor’s agreement as is or incurring the thousands of dollars and weeks of time required to review and negotiate a more favorable agreement. TermScout eliminates this dilemma by enabling businesses to immediately spot contractual red flags in an agreement and see how that contract compares to “market”. Companies now have transparency in contracting, allowing them to both manage risk more effectively and, when appropriate, get through the contracting process with a simple click of the mouse.