--- description: Review of Fairmarkit Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice New Zealand. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Fairmarkit | Reviews, Pricing & Demos - SoftwareAdvice NZ --- Breadcrumb: [Home](/) > [Sourcing Software](/directory/250/strategic-sourcing-software/software) > [Fairmarkit](/software/269651/fairmarkit) # Fairmarkit Canonical: https://www.softwareadvice.co.nz/software/269651/fairmarkit Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.nz/software/269651/fairmarkit?page=2) > Fairmarkit is a cloud-based autonomous sourcing platform that helps enterprise and mid-market procurement teams manage the full sourcing lifecycle, from intake to award. It serves a wide range of industries including energy, aerospace and defense, manufacturing, retail, transportation, and engineering and construction. Core features include RFQ, RFP, RFI, and auction event creation, AI-powered supplier recommendations from a 2.7M+ supplier marketplace, automated bid analysis, scenario-based award modeling, and configurable approval workflows. An AI intake agent converts unstructured requests into procurement-ready inputs, while auto-bundling, auto-sending, and auto-awarding tools reduce manual effort on repetitive sourcing tasks. Diversity and compliance tracking, audit-ready sourcing records, and real-time analytics give procurement teams visibility into savings and policy compliance. Fairmarkit integrates bidirectionally with Coupa, SAP Ariba, SAP S/4HANA, PeopleSoft, ServiceNow, and Amazon Business via an open API. The mid-market offering can go live in two weeks without IT resources. Support is available through the vendor's customer success team, and the platform provides audit-ready records for every sourcing event to assist with internal review and compliance needs. > > Verdict: Rated **4.8/5** by 8 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.8/5** | 8 Reviews | | Ease of Use | 4.8/5 | Based on overall reviews | | Customer Support | 4.8/5 | Based on overall reviews | | Value for Money | 4.9/5 | Based on overall reviews | | Features | 4.8/5 | Based on overall reviews | | Recommendation percentage | 90% | (9/10 Likelihood to recommend) | ## About the vendor - **Company**: Fairmarkit - **Founded**: 2017 ## Commercial Context - **Pricing model**: Usage Based - **Pricing Details**: Flexible pricing options available\! - **Target Audience**: 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based - **Supported Languages**: Chinese, English, French, German, Italian, Spanish - **Available Countries**: Albania, Andorra, Anguilla, Antigua & Barbuda, Argentina, Aruba, Austria, Bahamas, Barbados, Belarus, Belgium, Belize, Bermuda, Bolivia, Bosnia & Herzegovina, Brazil, British Virgin Islands, Bulgaria, Canada, Cayman Islands and 83 more ## Features - API - Access Controls/Permissions - Accounting Integration - Activity Dashboard - Activity Tracking - Ad hoc Reporting - Alerts/Notifications - Auction Management - Audit Management - Audit Trail - Bid Management - Budget Control - Budget Management - Catalog Management - Categorisation/Grouping - Collaboration Tools - Compliance Management - Configurable Workflow - Contract/License Management - Customisable Reports ## Integrations (7 total) - Coupa - Oracle Cloud Financials - Oracle PeopleSoft - SAP Ariba - SAP S/4HANA Cloud - ServiceNow - Workday Financial Management ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support ## Category - [Sourcing Software](https://www.softwareadvice.co.nz/directory/250/strategic-sourcing-software/software) ## Related Categories - [Sourcing Software](https://www.softwareadvice.co.nz/directory/250/strategic-sourcing-software/software) - [Expense Management Software](https://www.softwareadvice.co.nz/directory/427/expense-management/software) - [RFP Software](https://www.softwareadvice.co.nz/directory/4510/rfp/software) - [Procure to Pay Software](https://www.softwareadvice.co.nz/directory/4436/procure-to-pay/software) - [Procurement Software](https://www.softwareadvice.co.nz/directory/249/procurement-software/software) ## Alternatives 1. [TYASuite](https://www.softwareadvice.co.nz/software/115431/tyasuite-cloud-erp) — 4.2/5 (78 reviews) 2. [Procurify](https://www.softwareadvice.co.nz/software/3245/procurify) — 4.6/5 (208 reviews) 3. [ProcurementExpress.com](https://www.softwareadvice.co.nz/software/6155/rubberstamp) — 4.7/5 (423 reviews) 4. [Precoro](https://www.softwareadvice.co.nz/software/238057/precoro) — 4.8/5 (255 reviews) 5. [Tradogram](https://www.softwareadvice.co.nz/software/5220/tradogram) — 4.5/5 (109 reviews) ## Reviews ### "Fairmarkit is the solution to the company's purchasing and procurement" — 4.0/5 > **Helene** | *9 June 2022* | Public Relations & Communications | Recommendation rating: 9.0/10 > > **Pros**: It has the management of suppliers and request for quotations, where we can review in detail, all suppliers, their prices and offers, so compare prices and choose the most appropriate for our company. With the supplier qualification tool, we can find the purchase history, their previous prices, description and quality of their products and much more information necessary to know the supplier. With the integration of accounting and payment software, it allows to keep track of payments made to suppliers and thanks to the tracking of dates, invoices are never overdue. > > **Cons**: The software is quite complete and fulfills all the functions we need as a department, we only need to focus on it, to know it deeply, as it has many modules and tools. The reports are very simple, we need more complete reports, that show in detail why we should lean towards a supplier, beyond the price. The bid management also lacks important functions, which should be taken into account, beyond the price of the product, since we base our purchase on quality/durability/price, not only price. > > This software is very useful to be able to have at hand the requests, quotes and budgets from different suppliers, and to make price comparisons easily and quickly, to make purchases and supply of everything we need for the manufacture of our products. ----- ### "Alcoa Procurement Project Manager review" — 5.0/5 > **Marcos** | *26 May 2023* | Mining & Metals | Recommendation rating: 10.0/10 > > **Pros**: - Easy access for supplier (specially the fact it is not mandatory to maintain a password- Tool is extremely intuitive for buyers (no need for too much training)- Information regarding the RFQ is displayed on an easy way to understand and take decision > > **Cons**: - Chat functionality is not great. I don't like mainly because it is difficult to check by event if there is open/unread messages.- Column from the Analytics piece are not editable (e.g.: On Requisition details I can not include two new columns showing Savings and Cost avoidance separated). - I few there is still space to improve supplier recommendations, it is not unusual to receive complains from buyers and suppliers that the recommendation was not good. > > My overhaul experience is great. I like the tool, I believe on the concept and I strongly believe it is easier then make RFQs via email or the other solution we have (SAP Ariba).The support from Fairmarkit is also something I appreciate as a client, we feel our concerns and request are carefully evaluated and I feel in the team a genuine design to keep evolving the solution. ----- ### "Need to be more user friendly" — 4.0/5 > **Liju** | *25 May 2023* | Retail | Recommendation rating: 8.0/10 > > **Pros**: As the name suggested, it's fair and we are able to find the right bidder. > > **Cons**: The unit of measurement option is very less > > Good ----- ### "Increased Functionalities" — 5.0/5 > **Gaston** | *16 May 2023* | Mining & Metals | Recommendation rating: 10.0/10 > > **Pros**: The consistent growth of the platform is of great value to us customers. The customer-focused approach Fairmarkit uses to develop the new tools and functionalities resonates with our specific needs, and made every improvement valuable in our day to day operations. > > **Cons**: I can't think of anything that is my least favorite. > > Fairmarkit has shown its value since day one. We have developed a solid collaborative relationship that has helped our team to improve and use the tool at its full capacity. ----- ### "I now have control of my Tail Spend using Fairmarkit\!" — 5.0/5 > **Jim** | *16 May 2023* | Utilities | Recommendation rating: 10.0/10 > > **Pros**: Fairmarkit has given me the ability, with a simple to use tool, to get accurate pricing and lead times on products that would have not been "sourced/quoted" in the past without very manual processing. Fairmarkit is tightly integrated into our Procure 2 Pay system allowing us to source/quote products and services extremely quickly and efficiently without the need to manually enter any of the information. This has created a marketplace where we continue to find savings in a volatile supply market with inflation. Additionally, we now can make good sourcing decisions based on lead times as well as prices.We are now working with Fairmarkit to make this process more autonomous\! Who would have thought we could do that for low dollar tail spend products/services. > > **Cons**: Nothing. It is a GREAT product. Truly, I have no CONS with our implementation of Fairmarkit. > > Fairmarkit is undeniably one of the best procurement products on the market. The Fairmarkit team is excellent. I have not dealt with a single individual that I would rate as "average". Every member of the team from line staff to executive management have been excellent to work with. They ALWAYS have a can do attitude and a desire to make things happen for the customer (me)\! ----- Page: 1 / 2\ Next: [Next page](https://www.softwareadvice.co.nz/software/269651/fairmarkit?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.nz/software/269651/fairmarkit) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | ----- ## Structured Data