Fairmarkit
Fairmarkit is a tech company offering an autonomous sourcing platform that enhances procurement processes with AI-powered supplier recommendations and seamless ERP integrations.
Services
Fairmarkit provides an autonomous sourcing platform specifically designed for tail spend and strategic sourcing. The platform utilizes AI-powered supplier recommendations to optimize matches between buyers and suppliers, ensuring efficient procurement processes. It integrates seamlessly with ERP and P2P systems, enhancing the procurement workflow and increasing operational efficiency.
Technology and Integrations
Fairmarkit features bi-directional integrations with major ERP systems such as SAP Ariba, SAP S/4HANA, and Oracle. This allows for streamlined procurement processes and improved data accuracy. The platform's integrations ensure that procurement teams can leverage existing systems while enhancing their sourcing capabilities with Fairmarkit's advanced AI technology.
Global Partner Network
Fairmarkit utilizes a global partner network to support enterprise procurement teams. This network enables the company to offer comprehensive services and solutions that cater to the specific needs of global enterprises. Fairmarkit's partnerships enhance its ability to deliver effective procurement solutions across different markets and regions.
Security Certifications
Fairmarkit is certified with ISO 27001 and SOC2, highlighting its commitment to enterprise-grade security. These certifications ensure that Fairmarkit meets rigorous standards for information security management and data protection, providing assurance to its clients that their data is secure and managed with industry best practices.
Funding and Investment
In a Series C funding round led by OMERS Growth Equity, Fairmarkit raised $35.6 million. This investment will support the company's ongoing growth and expansion efforts, allowing it to enhance its platform and deliver innovative procurement solutions to a broader market.
Educational Resources and Webinars
Fairmarkit hosts webinars and provides various educational resources, including eBooks and guides on procurement and supply chain management. These resources are designed to help procurement professionals stay informed about industry trends and best practices, enhancing their knowledge and expertise.