Through streamlined sourcing, vendor identification, and automated quoting, Fairmarkit accelerates the bid-to-buy process. The solution uses machine learning and artificial intelligence to reduce manual effort by 30-40% on purchases while yielding savings of over 15%. The platform connects directly to your existing internal systems providing a rapid implementation process and enabling more spend to be placed under management. Fairmarkit is headquartered in Boston and is the only solution focused exclusively on tail spend sourcing and payment processes.
Fairmarkit believes that effective spend management prioritizes automation and leverages data, allowing procurement teams to reorient their time and focus towards enabling strategic initiatives. By collaborating within the procurement ecosystem to understand customer needs, Fairmarkit empowers companies to leverage machine learning and artificial intelligence to create market competition, which minimizes manual touchpoints and maximizes spend.
At Fairmarkit, our core values guide how we collaborate internally, interact with our customers and engage with the greater startup community. We are creating a family that’s respectful, positive, collaborative, and driven by a unified passion and unmatched work ethic that results in accelerated customer benefits and recognition for employee excellence.