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BIG NEWS!




FAIRMARKIT ANNOUNCES $35.6 MILLION SERIES C, LED BY OMERS GROWTH EQUITY

See the announcement
Meet Fairmarkit



AUTONOMOUS SOURCING
‍FOR ALL SPEND

Replace outdated sourcing methods with automation &
AI to source more, faster, and at scale

See what we do

Learn more



TRUSTED BY TOP ENTERPRISE SOURCING TEAMS


$40k
In savings per buyer per week so you can drive out costs at scale

3 min
Average sourcing time per event so you can manage more spend per FTE

90%
Of bids below the benchmark so you can source more competitively


AN AUTONOMOUS SOURCING FUTURE

Procurement teams use Fairmarkit’s autonomous sourcing platform to engage
business users early, automate repetitive spend, and build a strategic sourcing
process that delights stakeholders and delivers results. From nascent
procurement functions at high-growth businesses, to established Fortune 50
enterprises, Fairmarkit is how it gets done.
Learn more




UNLOCK TEAM BANDWIDTH

Liberate your teams from repetitive, manual tasks such as gathering demand,
creating sourcing events, analyzing supplier responses, reporting on progress,
spreadsheet-heavy workflows, and so much more. Simply put, Fairmarkit automates
the grunt work and implements AI in ways that help you do more with less.
See how



ENABLE FRICTIONLESS SOURCING

Engage business users the moment they realize a need for goods or services.
Provide a delightful digital experience with lightning fast cycle times. Invite
cross-functional collaborators for strategic events. Gain a seat at the
strategic table by exceeding cost-savings or ESG & diversity goals. Fairmarkit
amplifies procurement impact. At scale.
See how



GAIN DATA VISIBILITY

Make proactive and data-driven decisions to optimize sourcing on a continuous
basis. Embedded dashboards provide a holistic snapshot of team performance,
event analytics, spend & savings by segment, supplier utilization, and more.
See how



INTEGRATE SEAMLESSLY

Realize ROI in record time with a rapid implementation process that requires
minimal IT resources. Fairmarkit is enterprise-ready with ISO 27001 and SOC2
certifications, and bi-directional integrations for SAP Ariba, S4Hana, Coupa,
SAP ECC, Oracle and more.
See how


“At bp, it was one of our first significant digital platforms, and it is
disrupting the way that we work within procurement; it’s actually made people
stand up and realize that we can do things differently. As a team, we’re
inspired to go out and look for the next Fairmarkit - to disrupt other manual
processes.”
Nicholas Wright
Director, Digital and Innovation

“At our fingertips we now have a wealth of knowledge—how long it takes when
buyers send out RFQs, when companies are responding and how long it takes to
complete a purchase; this knowledge vastly improves the procurement process and
provides us with the ability to use that information strategically.”
Duncan Macfarlane
Director of Strategic Sourcing and Procurement

“Refinitiv’s implementation & scale of the Fairmarkit solution has been fast and
successful. We went live within a few weeks and with only a small amount of
effort by our team. We achieved our ROI target within the first six months and
delivered real savings on our tail spend at multiple times cost.”
David Zullo
Vice President, Head of Global Sourcing




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SEE HOW BT SOURCED USES AUTONOMOUS SOURCING





AWARD WINNING PRODUCT AND CULTURE





ADDITIONAL RESOURCES

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Tail Spend

What is tail spend and how can we manage it?

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Guide

The Future of Procurement: A Guide to Autonomous Sourcing

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On Demand

Digitizing your supply chain


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READY TO SOURCE AUTONOMOUSLY?

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