Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
SAP Ariba
Score 7.9 out of 10
N/A
With advanced tools to automate manual processes and support close collaboration with suppliers, SAP Ariba helps streamline source-to-pay processes across organizations.N/A
Pricing
FairmarkitSAP Ariba
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FairmarkitSAP Ariba
Free Trial
NoNo
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
FairmarkitSAP Ariba
Considered Both Products
Fairmarkit
SAP Ariba
Chose SAP Ariba
Almost similar from a process standpoint
Chose SAP Ariba
We only considered this as it integrates with and supported by SAP. Prior to that, we used SAP ECC or legacy systems functionality.
Chose SAP Ariba
We use all of them but SAP Ariba is the most friendly one.
Chose SAP Ariba
SRM was not able to be upgraded anymore and could not add things like amazon.com
Chose SAP Ariba
SAP Ariba link with SAP S4 and as per Gartner it has high features and process help customer well hence, we selected SAP Ariba
Chose SAP Ariba
SAP offers deep sourcing capability, stronger compliance functionality, and largest suppliers network making Ariba is a good choice of MNCs
Chose SAP Ariba
Ariba currently is known because majority of the customer still use SAP as the back end ERP. As mentioned earlier, it’s easy to integrate Ariba with S/4HANA or ECC more seamlessly than any other system. In case of any other system the integration between multiple system becomes …
Chose SAP Ariba
Coupa is cost effective and scalable
Chose SAP Ariba
Not part of Ariba implementation decision team
Chose SAP Ariba
SAP Ariba is an application which integrate with SAP seamlessly, also it eases the procurement activities compared to other ERPS such as
1)easy integration with SAP, Oracle;
2)different modules existence like Sourcing, contracts, SLP;
Chose SAP Ariba
SAP Ariba integrates well with the existing SAP systems
Chose SAP Ariba
It is easier process for everyone on this generation issue.
Chose SAP Ariba
We are utilising business network to connect with supplier for our PO process by maintaining trading relationship which helps supplier to submit invoice using business network. Also active trading relationship help us to integration contract clid to sap ecc system . Even for …
Chose SAP Ariba
Unified processes, reduced handoffs, and better visibility across procurement, contracts, and supplier collaboration. Ariba has access to the vast SAP Business Network, which helps with supplier onboarding, catalog management, purchase-to-pay collaboration, and global sourcing. …
Chose SAP Ariba
Our organization chose SAP Ariba because, in our opinion, the SAP Ariba product is really good
Chose SAP Ariba
We have been using both products. Overall SAP Ariba is easy to use but for advanced sourcing Coupa is a better choice
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User Ratings
FairmarkitSAP Ariba
Likelihood to Recommend
10.0
(0 ratings)
7.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
8.1
(0 ratings)
Usability
-
(0 ratings)
7.7
(0 ratings)
Support Rating
-
(0 ratings)
5.5
(0 ratings)
Implementation Rating
-
(0 ratings)
7.3
(0 ratings)
User Testimonials
FairmarkitSAP Ariba
Likelihood to Recommend
Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful.
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If asked about SAP Ariba, I think I am likely to tell a colleague that A specific scenario would be to use SAP Ariba with an Agent to migrate the legacy contracts when a company has rolled out from scratch.
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Pros
  • compares bids
  • ranks potential supplier for each RFQ
  • messaging inside the app is more effective than emails
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  • Complete Procurement of Inventory step easy through GUI-Ariba integration once Purchase order is created and it is sent to the SAP Ariba Supplier Network. Vendor confirms the order and sends notification of Inbound Delivery to the warehouse through ASN and the Inbound process, Goods Receipt Process, Unloading, Put away process easy.
  • SAP Ariba integrates the different SAP Sourcing platforms, services and their tools in order to optimize operations, saves cost and meeting customer requirements through its easy to use tools. Such as integration with SAP S/4 HANA, SAP EWM using Idocs for End to End sourcing and Procurement coverage.
  • As a part of the SAP Direct Sourcing suite, it helps allow customer manage their direct materials in the single dashboard and helping customer to have view of the comprehensive info about BoM and the structure. Based on requirements, buyers can run materials and/or entire Bill of Materials. When these are sent from ERP to SAP Ariba, managers can manage them in the direct spend dashboard. Can search for desired items in the dashboard and view details of BoM or deeper view of information of the material. Buyers can run sourcing, run details for materials, create material quotes, and create pricing using book quotes.
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Cons
  • making customs fields have required input by the buyer
  • a little more flexibility in the reporting, driven by the user
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  • Sometimes the system is slow. Cant say whether due to software or the system we use.
  • Dashboards could be improved and made more easily customisable.
  • Direct linking of Project Procurement Schedule with the Procurement Cycle of SAP Ariba will be a big step forward.
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Likelihood to Renew
No answers on this topic
User Satisfaction: The end user are at times not very happy with the solution. Return on Investment (ROI): SAP Ariba delivered measurable benefits in terms of cost savings, efficiency. Integration Capabilities: The system is easy to integrate with backend SAP ERP system. Support from Ariba team is a bit sluggish in terms of Service Requests
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Usability
No answers on this topic
After implementing SAP Ariba, our procurement operations have improved significantly. We know what to order, when, how much to order, and the dollar value we will spend. This helps us manage our inventory better and improve cash flow. Also, API enables us to integrate with external modules like logistics and freight booking and tracking.
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Support Rating
No answers on this topic
Customer support has always been top notch. From small configuration changes to overall process changes, support has the teammates in place with excellent knowledge and is able to provide solutions based on business challenges quickly. Their customer support through their Account teams continues to be hands on and very responsive to needs in a timely fashion.
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Alternatives Considered
Fairmarkit brought a better value to the table that other competitors.
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Unified processes, reduced handoffs, and better visibility across procurement, contracts, and supplier collaboration. Ariba has access to the vast SAP Business Network, which helps with supplier onboarding, catalog management, purchase-to-pay collaboration, and global sourcing. If your organization uses the broader SAP S/4HANA or SAP ERP stack, Ariba provides native hooks, data models, and support for SAP-centric processes.
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Return on Investment
  • Our 1X ROI was achieved in 4 months
  • After one year the savings exceeded our target
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  • Positive : Cost Savings:Improved visibility into spending patterns and supplier performance can contribute to better negotiation strategies and cost savings. Organizations leveraging SAP Ariba may negotiate better contracts, identify opportunities for consolidation, and optimize overall procurement costs
  • Positive - Enhanced Supplier Relationships:Improved supplier collaboration tools and performance monitoring features help organizations build stronger relationships with their suppliers. This can lead to better negotiation outcomes, more favorable terms, and increased reliability in the supply chain.
  • might be negative - Integration Complexity:While SAP Ariba integrates well with various enterprise systems, the complexity of the integration process can be a challenge. Delays or issues during integration may hinder the realization of benefits and impact overall ROI.
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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.

SAP Ariba Screenshots

Screenshot of the advanced tools that automate manual processes and support close collaboration with suppliers. The SAP Ariba Buying and Invoicing solution help streamline procure-to-pay processes across organizations.Screenshot of SAP Ariba's digitalization, which covers processes from contract requests, authoring, and workflows to negotiation, approval, and execution for lower costs and improved relationships.Screenshot of an instance of SAP Ariba's support for industry-specific processes and systems. This helps process manufacturers, retailers, and discrete manufacturers that rely on external manufacturers to capture more savings by improving source-to-contract processes and supplier collaboration.Screenshot of the digitalizing and automating of invoice management over a global business network, in SAP Ariba. This delivers visibility and efficiency to capture more early-payment discounts and optimize working capital.