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    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

    OpenText MBPM

    Score7.2 out of 10
    N/AOpenText acquired BPM solution Metastorm in 2011, and has rebranded the product as OpenText MBPM. It is an alternative BPM solution to OpenText's primary BPM offering called OpenText Cordys Business Process Management.N/A
    Pricing
    FairmarkitOpenText MBPM
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    FairmarkitOpenText MBPM
    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
    Features
    FairmarkitOpenText MBPM
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Fairmarkit and OpenText MBPM
    Feature
    Fairmarkit
    -
    Ratings
    OpenText MBPM
    7.0
    3 Ratings
    10% below category average
    Dashboards00 Ratings7.93 Ratings
    Standard reports00 Ratings9.02 Ratings
    Custom reports00 Ratings4.03 Ratings
    Process Engine
    Comparison of Process Engine features of Fairmarkit and OpenText MBPM
    Feature
    Fairmarkit
    -
    Ratings
    OpenText MBPM
    7.3
    3 Ratings
    13% below category average
    Process designer00 Ratings8.13 Ratings
    Process simulation00 Ratings7.13 Ratings
    Business rules engine00 Ratings9.02 Ratings
    SOA support00 Ratings6.02 Ratings
    Process player00 Ratings7.02 Ratings
    Support for modeling languages00 Ratings8.02 Ratings
    Form builder00 Ratings6.93 Ratings
    Model execution00 Ratings6.13 Ratings
    Collaboration
    Comparison of Collaboration features of Fairmarkit and OpenText MBPM
    Feature
    Fairmarkit
    -
    Ratings
    OpenText MBPM
    7.6
    3 Ratings
    9% below category average
    Social collaboration tools00 Ratings7.63 Ratings
    Content Management Capabilties
    Comparison of Content Management Capabilties features of Fairmarkit and OpenText MBPM
    Feature
    Fairmarkit
    -
    Ratings
    OpenText MBPM
    6.0
    2 Ratings
    30% below category average
    Content management00 Ratings6.02 Ratings
    Best Alternatives
    FairmarkitOpenText MBPM
    Small Businesses
    No answers on this topic
    Process Street
    Score8.2 out of 10
    Medium-sized Companies
    Precoro
    Score9.5 out of 10
    TIBCO® BPM Enterprise
    Score8 out of 10
    Enterprises
    GEP Quantum Intelligence
    Score9.1 out of 10
    IBM Business Automation Workflow
    Score10 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FairmarkitOpenText MBPM
    Likelihood to Recommend
    10.0
    (1 ratings)
    7.1
    (5 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    8.0
    (4 ratings)
    Usability
    -
    (0 ratings)
    9.0
    (1 ratings)
    Support Rating
    -
    (0 ratings)
    10.0
    (1 ratings)
    Implementation Rating
    -
    (0 ratings)
    10.0
    (1 ratings)
    User Testimonials
    FairmarkitOpenText MBPM
    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
    OpenText
    Metastorm is well-suited for scenarios in which internal stress testing an application is needed in a hurry before showcasing it to potential customers. It supports different views of the process from Swimlane perspective, so different methodologies can be handled. It is an Enterprise level tool and handles both small and large projects quite well, although smaller companies may be stressed out by the amount of time it takes to properly maintain the application.
    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
    OpenText
    • Complex routing of tasks based on calculated criteria
    • Linking between tasks and accessing relevant information
    • Organising, scheduling and prioritising
    • Different views for different people
    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
    OpenText
    • The Metastorm process engine is based on an older version of .NET. Updating to a newer version would resolve several known issues with .NET email functionality.
    • Metastorm builds web pages at run time. While the UI presented to the end user is fine, the Document Object Model is convoluted and subject to change with new releases. Providing a more simplified DOM or at very least a custom function to replace document.getElementById() would make client-side scripting a much more powerful tool.
    • One function that I've seen Metastorm competitors do well, is email wizards. Having a WYSIWYG email editor would be really nice.
    Read full review
    Likelihood to Renew
    Fairmarkit
    No answers on this topic
    OpenText
    There are other products that seem to be a better fit for future initiatives.
    Incentivized
    Read full review
    Usability
    Fairmarkit
    No answers on this topic
    OpenText
    Although it is intuitive to use it does require training
    Incentivized
    Read full review
    Support Rating
    Fairmarkit
    No answers on this topic
    OpenText
    Great customer service for an API support related query
    Incentivized
    Read full review
    Alternatives Considered
    Fairmarkit
    Fairmarkit brought a better value to the table that other competitors.
    Incentivized
    Read full review
    OpenText
    We found that OpenText MBPM held its own quite well against IBM BPM. We ended up choosing OpenText MBPM due to the analytics, complex routing, and the ease of SOA service integration. Furthermore, the ability to quickly develop simple User interfaces make this tool a daily component of our most-used toolbox components.
    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
    OpenText
    • The development of the ticketing system has enabled us to greatly improve customer relationships
    • The scheduling and allocation of the tasks has reduced both the number of open tickets and the turnaround time to resolution
    • Management information from the system has improved decision making
    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.