TrustRadius

Fairmarkit vs. SAP Supplier Relationship Manager

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 Supplier Relationship Manager
Score 9.0 out of 10
N/A
SAP Supplier Relationship Manager is a solution combining procurement, catalog management and contract management.N/A
Pricing
FairmarkitSAP Supplier Relationship Manager
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FairmarkitSAP Supplier Relationship Manager
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
FairmarkitSAP Supplier Relationship Manager
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Best Alternatives
FairmarkitSAP Supplier Relationship Manager
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
Medium-sized Companies
Esker
Esker
Score 8.9 out of 10
Esker
Esker
Score 8.9 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FairmarkitSAP Supplier Relationship Manager
Likelihood to Recommend
10.0
(1 ratings)
9.0
(1 ratings)
User Testimonials
FairmarkitSAP Supplier Relationship Manager
Likelihood to Recommend
Fairmarkit
Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful.
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
SAP
SAP Supplier Relationship Manager is well suited wherever SAP ERP (like ECC , S/4HANA) is in use. It might not work well when ERP is not from SAP (mostly ERP for small customers like NETSUITE, APPTIO, CORTEX etc.). for smaller customers procurement software like Coupa would better fit compared to SAP Supplier Relationship Manager. For large customers (like fortune 500 companies) SAP-SRM would fit very well.
Verified User
Anonymous
Read full review
Pros
Fairmarkit
  • compares bids
  • ranks potential supplier for each RFQ
  • messaging inside the app is more effective than emails
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
SAP
  • Bid Invitation
  • contract management
  • Live Auction
  • Invoicing
  • Shopping Cart
Verified User
Anonymous
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
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
SAP
  • Integration with ERP other than SAP
  • Analytics
  • Languages support
  • Automation
Verified User
Anonymous
Read full review
Alternatives Considered
Fairmarkit
Fairmarkit brought a better value to the table that other competitors.
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
SAP
Coupa is better suited for smaller organizations and can integrate well with non-SAP ERPs. It has more languages supported and good mobile interface. Coupa has good Analytics and ca integrate well with ERPs like netsuite, octa, salesforce, cortex etc. It can also well integrate with other software like Docusign and support multiple languages with easier custom development.
Verified User
Anonymous
Read full review
Return on Investment
Fairmarkit
  • Our 1X ROI was achieved in 4 months
  • After one year the savings exceeded our target
GM
Greg Marshall
Dir. of Corp Sourcing
Read full review
SAP
  • efficiency in procurement function resulting lower TCO
  • Better relationship with suppliers
  • compliance management
Verified User
Anonymous
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.