TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Fairmarkit

    Score10 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

    GEP Quantum Intelligence

    Score9.1 out of 10
    Enterprise companies (1,001+ employees)
    GEP Quantum Intelligence (Qi) is a procurement orchestration platform that utilizes a multi-agent system to automate and manage end-to-end procurement and supply chain workflows across disparate enterprise resource planning (ERP) environments.N/A
    Pricing
    FairmarkitGEP Quantum Intelligence
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    FairmarkitGEP Quantum Intelligence
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    FairmarkitGEP Quantum Intelligence
    Considered Both Products
    Fairmarkit
    No answer on this topic
    GEP
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    83%
    Would buy again
    5 Answers
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    83%
    Happy with the feature set
    5 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    Best Alternatives
    FairmarkitGEP Quantum Intelligence
    Small Businesses
    No answers on this topic
    No answers on this topic
    Medium-sized Companies
    Precoro
    Score9.5 out of 10
    Precoro
    Score9.5 out of 10
    Enterprises
    GEP Quantum Intelligence
    Score9.1 out of 10
    Coupa
    Score7.3 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FairmarkitGEP Quantum Intelligence
    Likelihood to Recommend
    10.0
    (1 ratings)
    7.3
    (14 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    7.3
    (2 ratings)
    Usability
    -
    (0 ratings)
    7.3
    (14 ratings)
    Performance
    -
    (0 ratings)
    7.0
    (14 ratings)
    Support Rating
    -
    (0 ratings)
    8.0
    (2 ratings)
    Implementation Rating
    -
    (0 ratings)
    7.3
    (1 ratings)
    User Testimonials
    FairmarkitGEP Quantum Intelligence
    Likelihood to Recommend
    Fairmarkit
    Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful.
    Incentivized
    Read full review
    GEP
    They are starting to expand in the direct procurement area and it would be good to see continued offerings in this area. The GEP supplier portal is a great way for suppliers to maintain visibility and increase efficiencies without an additional charge to the supplier. It has a high ease of use.
    Incentivized
    Read full review
    Pros
    Fairmarkit
    • compares bids
    • ranks potential supplier for each RFQ
    • messaging inside the app is more effective than emails
    Incentivized
    Read full review
    GEP
    • SMART is flexible and scalable.
    • The account team is there to listen client concerns and business needs.
    • The engineering team is willing to share their concepts in development and vet with their clients prior to production release. They value client feedback.
    • GEP has a lot of progressive thinkers and is willing to invest in new technology trends such as AI, Machine Learning, digital adoption, etc.
    Incentivized
    Read full review
    Cons
    Fairmarkit
    • making customs fields have required input by the buyer
    • a little more flexibility in the reporting, driven by the user
    Incentivized
    Read full review
    GEP
    • Our organization has yet to take advantage of upgrading to the latest version of GEP SMART. The version that we are on does not make use of the full screen for the different internal windows and pop-up windows. I find it cumbersome to scroll left-right and up-down on the smaller windows when there is much real-estate on the screen that could optimize the user interface.
    • GEP SMART provides technical support but our vendors seem to have some difficulty logging in to their profiles and updating their information. Occasionally, the salesperson delegates to another internal member so we'll have to set up the new member with their log in.
    • The digital signature process requires that the signers of the agreement be defined before the agreement is routed for approval. Sometimes our vendors have a pool of signers that could sign the agreements and it can become a small challenge to change the signers after it has already been defined in GEP SMART.
    Incentivized
    Read full review
    Likelihood to Renew
    Fairmarkit
    No answers on this topic
    GEP
    The tool is fantastic, but we are investigating a broader spend management solution at the moment which may mean we look in a different direction for this capability, most likely internally developed.
    Incentivized
    Read full review
    Usability
    Fairmarkit
    No answers on this topic
    GEP
    The platform's usability compares favorably with those that it competes within the market. Our employees have not endured a stressful change management process because the tool is relatively intuitive. The advantage of being cloud-native and built with usability in mind from the get-go gives GEP a real advantage over many of its competitors.
    Incentivized
    Read full review
    Performance
    Fairmarkit
    No answers on this topic
    GEP
    I experience many issues in the UAT environment when the page is slow to load or will not load at all. I use the UAT environment to run training sessions to take potential users through all the functionality available. When the system is slow to load and keeps crashing it gives potential users a very bad first impression and significantly reduces the adoption rate.
    Incentivized
    Read full review
    Support Rating
    Fairmarkit
    No answers on this topic
    GEP
    The support team is responsive, smart, and knowledgeable about their product and about our business needs. They are also flexible to respond to questions and find solutions to our requirements.
    Incentivized
    Read full review
    Implementation Rating
    Fairmarkit
    No answers on this topic
    GEP
    Although we had encountered many bugs, GEP was able to address them quickly, and sent a technical person to sit in our hands-on training sessions to address bugs efficiently
    Incentivized
    Read full review
    Alternatives Considered
    Fairmarkit
    Fairmarkit brought a better value to the table that other competitors.
    Incentivized
    Read full review
    GEP
    We selected GEP SMART for its ability to offer a full end-to-end integrated source-to-pay solution, pricing, and ease of use. There was an implementation series offered by GEP, as well as flexibility, customization, account management team dedication, and the overall service and support.
    Incentivized
    Read full review
    Return on Investment
    Fairmarkit
    • Our 1X ROI was achieved in 4 months
    • After one year the savings exceeded our target
    Incentivized
    Read full review
    GEP
    • GEP SMART has improved our spend analytics speed by allowing analysis to be completed in minutes compared to days when we previously used Excel spreadsheets.
    • The SMART Sourcing (RFX) solution has greatly improved the consistency of our supplier quoting and information gathering process.
    Incentivized
    Read full review
    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.

    GEP Quantum Intelligence Screenshots

    Screenshot of Landing PageScreenshot of Create Tasks and DocumentsScreenshot of Manage TasksScreenshot of Analytical ReportsScreenshot of Savings Projects - Tracking ResultsScreenshot of Spend Dashboard