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

    Procurify

    Score7.3 out of 10
    Mid-Size Companies (51-1,000 employees)
    Procurify is a cloud-based purchase order approval workflow software. It is used by organizations of all sizes to track purchase orders from creation to final delivery.N/A
    Pricing
    FairmarkitProcurify
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    FairmarkitProcurify
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesYes
    Entry-level Setup FeeNo setup feeRequired
    Additional DetailsProcurify is priced on a per-user, per-month model, billed annually. The software supports types of users to fit different roles and functions within an organization. There are also volume discounts.
    More Pricing Information
    Best Alternatives
    FairmarkitProcurify
    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
    GEP Quantum Intelligence
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FairmarkitProcurify
    Likelihood to Recommend
    10.0
    (1 ratings)
    9.9
    (3 ratings)
    User Testimonials
    FairmarkitProcurify
    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
    Procurify
    If you have a manual purchasing process today and are having difficulty tracking requests and orders and ensuring that bills are accurate and paid on time, you will love Procurify.
    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
    Procurify
    • Workflow, ease of getting items to the person that is needed to approve.
    • Delegation, ease of setting up a temporary approver while a user is out on vacation.
    • Emailing PO's to vendors, don't have to save then email. Can email directly from Procurify.
    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
    Procurify
    • Ability to have concurrent budgets open for different years.
    • Inventory capability.
    • Switch items on a requisition to a catalog item before cutting the PO.
    Incentivized
    Read full review
    Alternatives Considered
    Fairmarkit
    Fairmarkit brought a better value to the table that other competitors.
    Incentivized
    Read full review
    Procurify
    We did our evaluation more than five years ago so I don't remember the names. Procurify was the only one (at the time) that met all of our needs. Procurify service and support is fantastic. No doubt we made the right choice.
    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
    Procurify
    • We saved time and got things approved quicker by using Procurify for invoice approvals.
    • Time was saved and expenses were reimbursed quicker.
    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.