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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

    SAP Cloud ERP (SAP S/4HANA Cloud)

    Score8.7 out of 10
    N/ASAP Cloud ERP (SAP S/4HANA Cloud) is a modular, cloud-based enterprise resource planning (ERP) solution that brings embedded AI into core business processes to help organizations improve productivity, efficiency, and scalability. It supports critical business functions including finance, supply chain, human resources, and sales, while providing industry best-practice processes, predictable subscription-based costs, and the ability to add capabilities, users, and functionality…

    $295

    per month per user

    Pricing
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    Editions & Modules
    No answers on this topic
    SAP Supply Chain Base
    $295
    per month per user
    SAP Finance Base
    $295
    per month per user
    Offerings
    Pricing Offerings
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesYes
    Entry-level Setup FeeNo setup feeRequired
    Additional Details——
    More Pricing Information
    Community Pulse
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    Considered Both Products
    Fairmarkit
    No answer on this topic
    SAP
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    96%
    Would buy again
    807 Answers
    Delivers good value for the price
    No answers on this topic
    96%
    Delivers good value for the price
    620 Answers
    Happy with the feature set
    No answers on this topic
    95%
    Happy with the feature set
    802 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    88%
    Lived up to sales and marketing promises
    443 Answers
    Implementation went as expected
    No answers on this topic
    87%
    Implementation went as expected
    583 Answers
    Features
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    Payroll Management
    Comparison of Payroll Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.2
    450 Ratings
    9% above category average
    Pay calculation00 Ratings8.1398 Ratings
    Benefit plan administration00 Ratings8.1383 Ratings
    Direct deposit files00 Ratings7.9382 Ratings
    Customization
    Comparison of Customization features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.7
    698 Ratings
    2% above category average
    API for custom integration00 Ratings7.8671 Ratings
    Plug-ins00 Ratings7.7612 Ratings
    Security
    Comparison of Security features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.4
    796 Ratings
    0% below category average
    Single sign-on capability00 Ratings8.5752 Ratings
    Role-based user permissions00 Ratings8.3783 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.6
    807 Ratings
    1% above category average
    Dashboards00 Ratings7.6745 Ratings
    Standard reports00 Ratings7.8794 Ratings
    Custom reports00 Ratings7.6734 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.3
    843 Ratings
    7% above category average
    Accounts payable00 Ratings8.3817 Ratings
    Accounts receivable00 Ratings8.3778 Ratings
    Global Financial Support00 Ratings7.9314 Ratings
    Primary and Secondary Ledgers00 Ratings7.9339 Ratings
    Journals and Reconciliations00 Ratings8.1360 Ratings
    Configurable Accounting00 Ratings8.0331 Ratings
    Standardized Processes00 Ratings8.4370 Ratings
    Inventory Management
    Comparison of Inventory Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.4
    698 Ratings
    5% above category average
    Inventory tracking00 Ratings8.3684 Ratings
    Automatic reordering00 Ratings7.9583 Ratings
    Location management00 Ratings8.0560 Ratings
    Order Management
    Comparison of Order Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.4
    708 Ratings
    6% above category average
    Pricing00 Ratings8.1674 Ratings
    Order entry00 Ratings8.2686 Ratings
    Credit card processing00 Ratings9.143 Ratings
    Cost of goods sold00 Ratings8.4647 Ratings
    Order Orchestration00 Ratings8.0265 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.5
    352 Ratings
    12% above category average
    Billing Management00 Ratings9.227 Ratings
    Cash and Asset Management00 Ratings8.1320 Ratings
    Travel & Expense Management00 Ratings9.420 Ratings
    Budgetary Control & Encumbrance Accounting00 Ratings7.6275 Ratings
    Period Close00 Ratings8.0345 Ratings
    Project Execution Management
    Comparison of Project Execution Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.2
    16 Ratings
    15% above category average
    Project Planning and Scheduling00 Ratings9.016 Ratings
    Task Insight for Project Managers00 Ratings8.515 Ratings
    Project Mobile Functionality00 Ratings7.614 Ratings
    Definable Resource Pools00 Ratings7.814 Ratings
    Grants Management
    Comparison of Grants Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.1
    148 Ratings
    7% above category average
    Award Lifecycle Management00 Ratings8.1148 Ratings
    Procurement
    Comparison of Procurement features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.9
    286 Ratings
    11% above category average
    Bids Analyzed and Compared00 Ratings7.8200 Ratings
    Contract Authoring00 Ratings7.9201 Ratings
    Contract Repository00 Ratings7.6194 Ratings
    Requisitions-to-Purchase Orders Integrated00 Ratings8.1258 Ratings
    Supplier Management00 Ratings8.0253 Ratings
    Risk Management
    Comparison of Risk Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.6
    14 Ratings
    12% above category average
    Risk Repository00 Ratings7.914 Ratings
    Control Management00 Ratings8.014 Ratings
    Control Efficiency Assessments00 Ratings7.913 Ratings
    Issue Detection00 Ratings7.212 Ratings
    Remediation and Certification00 Ratings7.212 Ratings
    Logistics
    Comparison of Logistics features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.0
    232 Ratings
    13% above category average
    Transportation Planning and Optimization00 Ratings8.0204 Ratings
    Transportation Execution Management00 Ratings8.0198 Ratings
    Trade and Customs Management00 Ratings7.7179 Ratings
    Fulfillment Management00 Ratings8.2189 Ratings
    Warehouse Workforce Management00 Ratings8.0186 Ratings
    Manufacturing
    Comparison of Manufacturing features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.1
    223 Ratings
    8% above category average
    Production Process Design00 Ratings8.1197 Ratings
    Production Management00 Ratings8.1203 Ratings
    Configuration Management00 Ratings8.1193 Ratings
    Work Execution00 Ratings8.1199 Ratings
    Manufacturing Costs00 Ratings8.1196 Ratings
    Supply Chain
    Comparison of Supply Chain features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.7
    269 Ratings
    5% above category average
    Forecasting00 Ratings7.5239 Ratings
    Inventory Planning00 Ratings7.9260 Ratings
    Performance Monitoring00 Ratings7.8245 Ratings
    Product Lifecycle Management
    Comparison of Product Lifecycle Management features of Fairmarkit and SAP Cloud ERP (SAP S/4HANA Cloud)
    Feature
    Fairmarkit
    -
    Ratings
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.6
    235 Ratings
    3% above category average
    Proposal Management00 Ratings7.417 Ratings
    Product Master Data Management00 Ratings7.9235 Ratings
    Best Alternatives
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    Small Businesses
    No answers on this topic
    Zoho One
    Score9.2 out of 10
    Medium-sized Companies
    Precoro
    Score9.5 out of 10
    Zoho One
    Score9.2 out of 10
    Enterprises
    GEP Quantum Intelligence
    Score9.2 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    Likelihood to Recommend
    10.0
    (1 ratings)
    8.5
    (912 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.0
    (23 ratings)
    Usability
    -
    (0 ratings)
    8.1
    (800 ratings)
    Availability
    -
    (0 ratings)
    8.3
    (4 ratings)
    Performance
    -
    (0 ratings)
    9.1
    (3 ratings)
    Support Rating
    -
    (0 ratings)
    6.8
    (80 ratings)
    In-Person Training
    -
    (0 ratings)
    6.8
    (2 ratings)
    Online Training
    -
    (0 ratings)
    7.0
    (2 ratings)
    Implementation Rating
    -
    (0 ratings)
    7.7
    (10 ratings)
    Configurability
    -
    (0 ratings)
    8.2
    (5 ratings)
    Contract Terms and Pricing Model
    -
    (0 ratings)
    5.8
    (3 ratings)
    Ease of integration
    -
    (0 ratings)
    8.0
    (2 ratings)
    Product Scalability
    -
    (0 ratings)
    7.4
    (3 ratings)
    Professional Services
    -
    (0 ratings)
    7.2
    (2 ratings)
    Vendor post-sale
    -
    (0 ratings)
    7.6
    (5 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    8.2
    (5 ratings)
    User Testimonials
    FairmarkitSAP Cloud ERP (SAP S/4HANA Cloud)
    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
    SAP
    SAP Cloud ERP (SAP S/4HANA Cloud) is suited well to shifting company resources from IT to the business but reduces the ability to tailor your sap system to your company's operating needs and model. An on prem system will take more staff to operate and cloud benefits from a reduced staff, however the loss of certain areas of visibility/customization hurts the product in a disproportionate fashion.
    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
    SAP
    • It helps you streamline financial operations and core HR functions, optimize inventory management & procurement process.
    • It helps you reduce high upfront capital expenditure required for on-premise setup.
    • Its intelligent automation helps you automate repetitive, routine tasks and use machine learning for predictive analysis.
    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
    SAP
    • The product is expensive compared to its competitors. Proper training is also a requirement before implementation, which is an additional cost.
    • SAP S 4HANA Cloud lags due to a high volume of work and data.
    • The user interface of the software is very complex and not easy to explore, especially for beginners.
    Incentivized
    Read full review
    Likelihood to Renew
    Fairmarkit
    No answers on this topic
    SAP
    The cost of SAP as an ERP is quite high and the switching costs associated with ERP systems are even higher. That being said moving from one ERP to another only happens once in a great while for large organizations. Those switching costs include retraining, IT hardware requirements, outside consultants and more
    Read full review
    Usability
    Fairmarkit
    No answers on this topic
    SAP
    SAP Cloud ERP is a useful solution for automating and streamlining business processes. It offers modern technologies such as built-in AI, machine learning, and real-time data analytics. It offers multi-currency, multi-language support to manage international operations smoothly. It comes with a modern, role-based user interface that enhances your user experience and lets you perform tasks smoothly.
    Incentivized
    Read full review
    Support Rating
    Fairmarkit
    No answers on this topic
    SAP
    The support system I find great as whenever I run into problems they rectify them quickly as possible they never reacted late the support is just up to the mark for me. They provide many solutions to the problems I faced the [technical] team support is always amazing they [listen] to mean work accordingly.
    Read full review
    In-Person Training
    Fairmarkit
    No answers on this topic
    SAP
    More effective
    Incentivized
    Read full review
    Implementation Rating
    Fairmarkit
    No answers on this topic
    SAP
    SAP requires
    a lot of internal and external resources to complete its successful
    implementation. The cloud version requires a deeper understanding of the
    different capabilities of the local systems (hardware) and the connection
    towards your local IT team. We found several problems on our systems that we
    couldn't foresee before the implementation and roll out.
    Incentivized
    Read full review
    Alternatives Considered
    Fairmarkit
    Fairmarkit brought a better value to the table that other competitors.
    Incentivized
    Read full review
    SAP
    The platform utilizes advanced predictive analytics to anticipate operational bottlenecks and put them out of commission before the problems become larger. We can proactively develop effective strategies that help keep service quality in the face of unexpected changes in the market, or external disruptions, by continuously analyzing historical performance data as well as elements of the current market
    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
    SAP
    • The financial management part ensures every process is well planned and allocated resources are used efficiently.
    • The development of payroll management ensures that all employees are happily remunerated and, hence, very productive.
    • The creation of solid financial reporting acts as the primary driver in decision-making, which brings more insights into development.
    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.

    SAP Cloud ERP (SAP S/4HANA Cloud) Screenshots

    Screenshot of the Order to Cash Dashboard - For the management of the order-to-cash process more efficiently across revenue streams and business models - including sales of physical and digital goods, services, subscriptions, projects, and bundles.Screenshot of a Sales Management Overview - Helps ensure sales reps meet their goals with an overview of orders and key sales performance metrics, with status tracking for each order in real time for the early detection of potential issues.Screenshot of the Purchasing Spend Dashboard - For weighing various aspects of purchasing spend through quick access to clear, complete, and real-time data, with less risk, and without opening different reports and transactions.Screenshot of Operational Supplier Evaluation - Provides a transparent overview of suppliers. Users can approve the most reliable vendors and get the right mix to serve business needs while reducing risk.Screenshot of Inventory Management - Provides visibility to manage supply chains, to mitigate risk, avoid unnecessary costs, maximize efficiency, and fulfill customer orders on time.Screenshot of Inventory Processing - Enables real-time supply chain visibility and provides meaningful metrics, with customizable dashboards and reports that display real-time inventory that track the status of inbound and outbound deliveries.