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See how FairMarkIT’s procurement software helps organizations increase operational and capital efficiency.

Click below to learn more about how each use case helps to manage tailspend.

Transparency is critical to a successful procurement department. Whether interdepartmental or between vendors, transparency is needed to unlock the best pricing. Increased transparency leads to collaboration and ultimately a higher ROI.

See how FairMarkIT’s procurement software increases transparency and boosts collaboration among procurement teams.

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FairMarkIT’s algorithm uses regression analysis, clustering, and other big data tools to unlock the hidden trends needed to optimize your team’s time.

FairMarkIT benchmarks your data internally and externally. Compare pricing against other companies and your historical prices.

Leverage the power of automation to help your procurement department.

See how FairMarkIT’s real-time bidding platform can drive down bids and unlock 30% in yearly savings.

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Requisitions are often still completed manually via email. As vendors submit bids, the lack of transparency leads to less competitive pricing.

See how FairMarkIT’s real-time bidding platform can drive down bids and unlock 30% in yearly savings.

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Procurement teams often must follow strict guidelines and protocols during the purchasing process. Rules and regulations are largely tracked in a manual process.

Learn how FairMarkIT can cut down on the time spent on compliance and automate adherence.

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For a typical tailspend purchase, a buyer might receive 2-4 bids. However, it’s important to consider historical bids, too. Collecting current bids and researching historical submissions can be an extremely time consuming process.

Learn how FairMarkIT automates vendor selection, increasing the productivity of your buying team.

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