When we speak to leaders in the procurement field, there’s one resounding message: tail spend needs to be automated. We listened to this message, and designed the first and only automated tail spend management platform
Much of procurement’s time is spent on high-touch, transactional activities. Fairmarkit automates some of procurement’s most time-intensive tasks. With Fairmarkit, you can automate requests for services, requests for quotes and vendor selection, giving your team more bandwidth for strategic contract management.
With Fairmarkit, there’s no need to expand headcount to increase procurement’s work capacity. Fairmarkit’s machine learning solutions improve operational efficiency up to 30%. This means each of your people will have more time and resources for strategic initiatives, and procurement can deliver more value to the enterprise.
Despite what the skeptics say, algorithms are not going to replace category managers or supply chain specialists any time soon. They will, however, allow employees in these roles to produce more value in less time. Fairmarkit automates contract management, supplier selection, auctions and invoicing to make your team as productive as possible. Fairmarkit doesn’t replace your team. It lets them do more.