Fairmarkit vs. Procurify

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
Procurify
Score 9.1 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.
$23
per month
Pricing
FairmarkitProcurify
Editions & Modules
No answers on this topic
Procurify
$499.00
per month
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. We have different types of users to fit different roles and functions within your organization. There are also volume discounts to create a pricing plan to fit every need. One of our team members would be happy to find out which plan works best for you!
More Pricing Information
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Medium-sized Companies
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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.
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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.
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Pros
Fairmarkit
  • compares bids
  • ranks potential supplier for each RFQ
  • messaging inside the app is more effective than emails
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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.
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Cons
Fairmarkit
  • making customs fields have required input by the buyer
  • a little more flexibility in the reporting, driven by the user
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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.
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Alternatives Considered
Fairmarkit
Fairmarkit brought a better value to the table that other competitors.
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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.
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Return on Investment
Fairmarkit
  • Our 1X ROI was achieved in 4 months
  • After one year the savings exceeded our target
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Procurify
  • We saved time and got things approved quicker by using Procurify for invoice approvals.
  • Time was saved and expenses were reimbursed quicker.
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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.