Fairmarkit

Fairmarkit is an autonomous sourcing platform that transforms non-strategic spend so organizations can source more competitively at scale. It integrates with ERP and P2P systems to automate manual source-to-award workflows so procurement teams can manage 10x more events and reduce cycle times by 40% without adding resources. Fairmarkit’s AI-powered supplier recommendations find the best-fit suppliers for every event by leveraging an organization’s procurement data, as well as the thousands of buyer & supplier interactions on the Fairmarkit marketplace everyday. The resulting competitive bidding assists buyers to uncover over 11% cost-savings across categories without compromising on compliance and ESG requirements.