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Enterprise Layer Intelligence
Categories/Agentic Process Automation/Fairmarkit
Fairmarkit

Fairmarkit

Founded 2011

Automate enterprise procurement sourcing cycles from request intake through supplier selection and contract award

Pricing model

Demo

You can use Fairmarkit to automate enterprise sourcing workflows from intake to final award. The system connects specialized autonomous agents that handle intake requests, find qualified vendors across a network of over two million global suppliers, and automatically generate RFx events. It evaluates incoming bids, analyzes pricing discrepancies, and suggests award decisions based on your compliance guidelines. Fairmarkit connects directly with your existing ERP and procurement infrastructure, allowing your purchasing team to manage high volumes of tail spend and competitive bidding without manual data entry.

What Fairmarkit does

Capture internal procurement requests through intake formsMatch incoming sourcing requirements to verified vendorsGenerate and publish RFx events to multiple suppliersCollect and normalize supplier quotes into comparison sheetsScore vendor proposals against pricing and compliance criteriaExport awarded sourcing events directly into ERP accounting recordsTrack sourcing event cycle times and cost savings metricsAutomates procurement intake by routing employee purchasing requestsSearches a database of over 2.7 million global suppliersConstructs and distributes RFQ, RFP, and reverse auction eventsAnalyzes vendor bids side-by-side to recommend contract awardsTracks procurement compliance throughout every sourcing stageIntegrates bidirectionally with ERP systems like SAP and OracleProvides a dedicated vendor portal for supplier responses

Pricing breakdown

Pricing model: Book a demo

Frequently asked

OracleOracleCoupaCoupaServiceNowServiceNow

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Fairmarkit, autonomous sourcing, eSourcing, procurement automation, RFx automation, supplier discovery, tail spend management, bid evaluation, RFP software, RFQ automation, vendor management, enterprise procurement