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Fairmarkit description
Fairmarkit is a software platform designed to help mid-sized and large companies automate and improve their purchasing processes, particularly for smaller, recurring purchases often overlooked. It uses artificial intelligence to find the best suppliers, manage requests from within the company, and handle the bidding process, aiming to save time and money. Fairmarkit integrates with existing company software like SAP and Coupa, and provides data analysis to track savings and efficiency.
Who is Fairmarkit best for
Fairmarkit helps mid-size and large businesses automate purchasing, especially for smaller, recurring expenses. It uses AI to identify suitable suppliers, manage internal purchase requests, and streamline bidding. This focus makes it ideal for companies looking to control tail spend and improve purchasing efficiency.
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Best fit for medium and large businesses.
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Suitable for companies looking to optimize tail spend management.
Fairmarkit features
| Supported Fairmarkit integrates with ERP systems like SAP and Oracle, and supports generic integrations via API or flat files. |
| Supported Fairmarkit offers a searchable supplier directory, allowing users to find vendors based on various criteria. |
| Supported Fairmarkit supports weighted scoring and supplier performance tracking, enabling evaluation based on custom criteria. |
Fairmarkit alternatives
ArchletBetter suited for strategic sourcing and optimization. A strong Fairmarkit alternative for larger enterprises focused on complex tenders. Has more momentum than Fairmarkit.Read more
VrooziBetter for companies with 10-200 employees. Has grown faster than Fairmarkit. Offers online ordering, vendor catalogs, and purchase order tracking. Users love its user-friendly interface and AI-powered invoice automation. However, some find customization difficult and post-go-live support lacking. Vroozi is a strong Fairmarkit competitor and alternative.Read more
AnvylBetter for consumer goods companies and smaller businesses. Provides real-time supply chain visibility and has a user-friendly interface. Anvyl is a Fairmarkit competitor and alternative.Read more
QuickBooks OnlineBetter for small to medium businesses. A QuickBooks Online alternative, Fairmarkit, focuses on procurement automation for mid-size and large enterprises.Read more
Glean.aiBetter for mid-sized companies and those focused on AP automation. A strong Fairmarkit competitor with positive reviews on customer service and ease of use.Read more
ConexiomBetter for manufacturing, distribution, retail, consumer goods, construction, transportation, automotive, and software industries. A Fairmarkit competitor focusing on automating order and invoice processing.Read more
Fairmarkit FAQ
What is Fairmarkit and what does Fairmarkit do?
Fairmarkit is a procurement automation platform using AI to streamline tail spend management for mid-size and large businesses. It automates supplier sourcing, bidding, and purchase order management, integrating with existing ERP systems like SAP and Coupa to improve efficiency and cost savings.
How does Fairmarkit integrate with other tools?
Fairmarkit integrates with existing enterprise resource planning (ERP) systems like SAP and Oracle. It also supports generic integrations through an API or flat files, ensuring seamless data flow. This allows for streamlined automation of purchasing processes within your existing workflows.
What the main competitors of Fairmarkit?
Fairmarkit competitors include Archlet, Vroozi, and Anvyl. These platforms offer similar procurement and supply chain management functionalities, catering to mid-size and large businesses. Other alternatives, like Glean.ai and Conexiom, focus on specific areas such as accounts payable automation and order processing.
Is Fairmarkit legit?
Yes, Fairmarkit is a legitimate software platform. It helps companies automate purchasing, saving time and money. Fairmarkit integrates with existing software and offers data analysis for tracking savings. Reviews on Glassdoor give it a 4.28/5 rating.
How much does Fairmarkit cost?
Fairmarkit doesn't publicly disclose pricing information. Contact their sales team to obtain a customized quote based on your specific business requirements and to determine if Fairmarkit is worth the investment.
Is Fairmarkit customer service good?
Fairmarkit's customer service is highly praised in reviews. Users describe it as "very good," "the best I've ever experienced," and "great." Customers appreciate the quick issue resolution and helpful support provided by the Fairmarkit team.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.