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FactWise vs. Fairmarkit

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FactWise
Score 0.0 out of 10
N/A
FactWise is a funded, early-stage technology startup building solutions for product manufacturing companies. The solution aims to provide transparency and insights to leaders, streamlining and automating processes and driving bottom-line impact by unlocking savings potential. FactWise S2P is modular, and accounts for batch production, goods receival workflows and quality checks. Its current users gain dynamic and historic insights into supplier performance it…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
FactWiseFairmarkit
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FactWiseFairmarkit
Free Trial
NoNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
FactWiseFairmarkit
Best Alternatives
FactWiseFairmarkit
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 9.1 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 9.1 out of 10
Medium-sized Companies
Precoro
Precoro
Score 9.5 out of 10
Precoro
Precoro
Score 9.5 out of 10
Enterprises
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
SAP Cloud ERP
SAP Cloud ERP
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FactWiseFairmarkit
Likelihood to Recommend
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
FactWiseFairmarkit
Likelihood to Recommend
FactWise
No answers on this topic
Fairmarkit
Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful.
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
Pros
FactWise
No answers on this topic
Fairmarkit
  • compares bids
  • ranks potential supplier for each RFQ
  • messaging inside the app is more effective than emails
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
Cons
FactWise
No answers on this topic
Fairmarkit
  • making customs fields have required input by the buyer
  • a little more flexibility in the reporting, driven by the user
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
Alternatives Considered
FactWise
No answers on this topic
Fairmarkit
Fairmarkit brought a better value to the table that other competitors.
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
Return on Investment
FactWise
No answers on this topic
Fairmarkit
  • Our 1X ROI was achieved in 4 months
  • After one year the savings exceeded our target
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
ScreenShots

FactWise Screenshots

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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.