Esker vs. Fairmarkit

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Esker
Score 7.5 out of 10
N/A
Esker is a global cloud platform built to unlock strategic value for finance and customer service professionals and strengthen collaboration between companies by automating the cash conversion cycle. Esker’s mission is to build a foundation that promotes positive-sum growth, increased productivity, improved employee engagement, and greater trust between organizations.N/A
Fairmarkit
Score 10.0 out of 10
Enterprise companies (1,001+ employees)
Fairmarkit is an autonomous sourcing platform that transforms tail spend and strategic spend so organizations can source more competitively at scale. It integrates with ERP and P2P systems to automate manual source-to-award workflows so procurement teams can manage more events and reduce cycle times by without adding resources. Fairmarkit’s AI-powered supplier recommendations find the best-fit suppliers for events by leveraging an organization’s procurement data,…N/A
Pricing
EskerFairmarkit
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
EskerFairmarkit
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
EskerFairmarkit
Considered Both Products
Esker
Chose Esker
I have listed a few that we considered but there were many more in the initial assessment, Esker was priced well and had the best user interface. Was really easy to use and the implementation process was well designed. It was a system that could handle a two tiered delegations …
Chose Esker
I don't recall the other three companies that we looked at. One major reason we went with Esker is because it is local.
Chose Esker
We investigated Readsoft early in our exploration of upgrade options. We were on Esker DeliveryWare, but the UI for Readsoft, at the time, seemed to be a little convoluted and geared towards exception handling and required tiered users. Also, ReadSoft was more cost prohibitive …
Chose Esker
Kofax is very similar to Esker in terms of functionality as well as ease of use. I feel that both programs work well, but neither is very user-friendly. Kofax is more expensive, which is why Esker wins.
Chose Esker
TermSync was a little more difficult to learn but has become much better in the end. Once the universal search bar feature was implemented, it became so much easier to navigate and find accounts.
Fairmarkit
Best Alternatives
EskerFairmarkit
Small Businesses
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Score 8.7 out of 10
Medium-sized Companies
MSB Docs
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Score 9.4 out of 10
Precoro
Precoro
Score 9.5 out of 10
Enterprises
M‑Files
M‑Files
Score 8.9 out of 10
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
EskerFairmarkit
Likelihood to Recommend
10.0
(0 ratings)
10.0
(0 ratings)
Usability
5.5
(0 ratings)
-
(0 ratings)
Support Rating
8.9
(0 ratings)
-
(0 ratings)
User Testimonials
EskerFairmarkit
Likelihood to Recommend
I would recommend Esker based on the automation of invoice sending - it is very nice to have a tool that not only stores all of the contact info, but sends the invoices out as well. The tracking feature is great to have to see if the submission was successful. I do think that overall it could be much more user-friendly, but once you know what you're doing, it is not hard software to use.
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Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful.
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Pros
  • Everything is electronic and every manager receives an email each morning telling them how many invoices they need to approve.
  • It has completely removed paper form the Accounts payable process and automatically archives invoices for the mandatory period required by Inland Revenue.
  • For monthly reporting there is visibility over what has not yet been included in the accounts and staff can follow with the tardy managers.
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  • compares bids
  • ranks potential supplier for each RFQ
  • messaging inside the app is more effective than emails
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Cons
  • We can't enter credit memos in Esker. Need to enter in SAP and then link.
  • PO invoices that were trained to go into the PO bucket, route into the non-PO buckets.
  • Freight invoices that have had hundreds going into the non-PO bucket have a tendency to route to the PO-bucket because a PO number is referenced on page 7.
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  • making customs fields have required input by the buyer
  • a little more flexibility in the reporting, driven by the user
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Usability
Esker does everything that it promises to do, but it is very hard to figure out. I am a very tech-savvy person, but I needed extensive training to be able to use the basic functions of Esker. Once you know what you're doing, it's not too hard, but I don't understand why they couldn't make it easier to use.
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No answers on this topic
Support Rating
They have been very helpful and the online support site is awesome. They keep the site up to date with the latest changes and present challenges to keep learning the new updates to keep things entertaining. They are overall a great crew to work with
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No answers on this topic
Alternatives Considered
We investigated Readsoft early in our exploration of upgrade options. We were on Esker DeliveryWare, but the UI for Readsoft, at the time, seemed to be a little convoluted and geared towards exception handling and required tiered users. Also, Readsoft was more cost prohibitive and did not have a solution for our faxing. Though, as I understand it, they may have since found a solution for this issue
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Fairmarkit brought a better value to the table that other competitors.
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Return on Investment
  • We now have reporting available down to the individual field level (changes, errors, etc) and can calculate cost to serve.
  • It replaced on-premise hardware with cloud SaaS that is more cost effective and risk adverse.
  • It is more intuitive; we can put new hires on order entry and experience less user errors. As a solution owner who fixes problems and answers questions, I don't find myself having to "think" about Esker and it has become a smaller part of my job now that end-users are more self-sufficient.
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  • Our 1X ROI was achieved in 4 months
  • After one year the savings exceeded our target
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ScreenShots

Fairmarkit Screenshots

Screenshot of Fairmarkit integrating directly into existing enterprise resource planning (ERP) and procure-to-pay (P2P) platforms to create a seamless buying experience. Choose requisitions to source through the platform seamlessly sends the RFx data to Fairmarkit.Screenshot of Fairmarkit's artificial intelligence recommended approved vendors that can provide the requested goods or services, that appears after importing or creating a requisition. Other non-registered vendors can be added from the Fairmarkit vendor ecosystem. After selecting vendors and submitting a request, Fairmarkit will handle soliciting and collecting bids.Screenshot of For RFP events, Fairmarkit can keep evaluation and scoring information in one place to make awarding decisions easier. Evaluators can evaluate and score all or select supplier responses. Supplier responses can be viewed side-by-side for fast comparison.Screenshot of Within 24 hours of sending a request, vendors can submit quotes which will be centralized in one place for processing. Machine learning algorithms will make recommendations based on the responses received. If the request has multiple items, the option can be awarded to one or more vendors, and that information will flow back into a connected ERP or P2P.Screenshot of Fairmarkit offers AI and automation in various ways to make sure that sourcing events is as easy as possible. Guided RFP creation will suggest sections and questions for RFP users to speed event creation.