UP TO 40% BETTER PRICING, 30% QUICKER PROCUREMENT, ACROSS 4X MORE VENDORS
By leveraging automation & machine learning techniques FairMarkIT understands the right set of vendors that should compete for each of your tail spend purchases. Customers see an average savings of 8% on the spend pushed through FairMarkit. Benchmark vendors and pricing across our database and yours.
Gain visibility into your supply chain by tracking, trending and analyzing your tail spend. FairMarkIT keeps your metadata from all the purchases, gone are the days where you only have record of a vendor and price. We put this data to work for your team, flagging operational risk and automating the process of achieving the best price with a trusted vendor.
Automate the sourcing process for small to medium-sized business items. Stop wasting time emailing vendors, sorting through multiple catalogs, or training offshore bid desks. With FairMarkIT you can make one click of a mouse to receive multiple competitive bids, or integrate with your internal systems for end-to-end automation.
WHAT IS FAIRMARKIT?
Founded in the heart of Boston, FairMarkIT’s Tail Spend Solution delivers a highly actionable product to mitigate risks and drive business value. Gathering insights from unstructured tail spend data and applying machine learning techniques to automate RFQs, FairMarkIT enables companies to obtain the best price from the ideal supplier, with much less time and effort.
FairMarkIT was started due to the lack of transparency and automation available in business to business purchasing. Today we’re helping seasoned companies rethink procurement & we’d love to speak with you.