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Fairmarkit

fairmarkit.com

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Spec score 8.3 #2 of 21 in Strategic Sourcing Software

What it is

Fairmarkit is an autonomous sourcing platform for enterprise procurement teams, supporting work from demand intake through supplier award. Its Intake Agent captures requester needs, asks follow-up questions, and routes requests to the right team. For suitable sourcing events, the platform can automate supplier matching, event distribution, bundling, and rule-based awards. The Supplier Discovery Agent scans more than 500,000 suppliers and matches them by category fit, manufacturer compatibility, and response probability. Its Evaluation Agent supports bid comparisons, award scenario modeling, stakeholder scoring, and AI-assisted analysis, while leaving scoring decisions to the team. Listed integrations include SAP Ariba, Coupa, SAP S/4HANA, SAP ECC, Oracle, ServiceNow, Workday, Zip, Amazon Business, SpendHQ, Candex, and Supplier.io. Connections use standardized API connectors or file-based methods, with bidirectional data flows. Fairmarkit states that it is SOC 2 compliant and ISO 27001 certified; it also describes encryption, access controls, and database isolation. Pricing is on request. Interested customers should contact their Customer Success Manager to use autonomous sourcing.

Spec sheet

What it does
Fairmarkit is a cloud procurement platform that automates sourcing from intake through supplier award for enterprise and mid-market teams.Read 15 Oct 2026 · getapp.com
Purpose
Fairmarkit is an autonomous sourcing platform that uses AI agents to support procurement from demand intake through supplier award.Read 3 Oct 2026 · fairmarkit.com
Intended users
Fairmarkit describes its platform as serving enterprise procurement teams and supporting sourcing across categories of spend.Read 3 Oct 2026 · fairmarkit.com
Integrations
Native or partnered connections include SAP S/4HANA, SAP ECC, SAP Ariba, Oracle, Coupa, ServiceNow, Zip, Amazon Business, SpendHQ, Candex and Supplier.io.Read 15 Oct 2026 · fairmarkit.com
Support
GetApp lists email/help-desk, phone, FAQs/forum and knowledge-base support, with documentation, webinars, videos and live online training.Read 15 Oct 2026 · getapp.com
Headquarters
Boston, Massachusetts, United StatesRead 28 Sep 2026 · fairmarkit.com
Founded
2017Read 28 Sep 2026 · fairmarkit.com
Auctions
The platform supports Dutch, English and Japanese auction formats.Read 15 Oct 2026 · fairmarkit.com
Bid evaluation
The Evaluation Agent supports bid comparisons, award scenario modeling, multi-stakeholder scoring, and AI-assisted analysis while leaving scoring decisions to the team.Read 3 Oct 2026 · fairmarkit.com
Company founded
Fairmarkit was founded in 2017.Read 15 Oct 2026 · fairmarkit.com
Company funding information
Crunchbase describes Fairmarkit as a private Series C company headquartered in Boston and lists Highland Capital Partners and Transform Capital among its investors.Read 15 Oct 2026 · crunchbase.com
Company headquarters and size
LinkedIn lists headquarters in Boston, Massachusetts and a company size of 51–200 employees.Read 15 Oct 2026 · linkedin.com
Company legal name
The terms identify the provider as Fairmarkit, Inc.Read 15 Oct 2026 · fairmarkit.com
Company ownership
LinkedIn describes Fairmarkit as privately held.Read 15 Oct 2026 · linkedin.com
Compliance analytics
Performance and Compliance features provide dashboards for savings, sourcing throughput, supplier behavior and policy compliance.Read 15 Oct 2026 · fairmarkit.com
Data handling
Fairmarkit says customers own their data, it does not sell that data, and deleted customer data is removed from its systems within 90 days.Read 3 Oct 2026 · fairmarkit.com
Data retention
Fairmarkit says customer data is destroyed after a 90-day period following contract termination, according to information classification and context.Read 15 Oct 2026 · fairmarkit.com
Developer documentation
The documentation site includes buyer, requester and supplier guides plus a separate developer portal with API reference material.Read 15 Oct 2026 · docs.fairmarkit.com
Evaluation
The Evaluation Agent combines pricing, lead times, technical inputs and stakeholder scoring, with scenario analysis for award decisions.Read 15 Oct 2026 · fairmarkit.com
Intake
Its Intake Agent captures requester needs, asks follow-up questions, and routes requests to the right team.Read 3 Oct 2026 · fairmarkit.com
Intake Agent
Its KIT intake assistant asks follow-up questions, structures requests and routes them to the appropriate procurement workflow.Read 15 Oct 2026 · fairmarkit.com
Integration method
Integrations can use standardized APIs or file-based exchanges and are described as bidirectional, avoiding duplicate manual entry.Read 15 Oct 2026 · fairmarkit.com
Integration methods
Integrations use standardized API connectors or file-based connections, and the company describes data flows as bidirectional.Read 3 Oct 2026 · fairmarkit.com
Limit: account support complaint
A Trustpilot reviewer alleges that administrators disabled the account after a winning bid and did not resolve the issue promptly.Read 15 Oct 2026 · trustpilot.com
Limit: reporting depth
A Capterra reviewer says reports are too simple and do not explain supplier choices beyond price.Read 15 Oct 2026 · capterra.com
Limit: supplier participation
Reviewers report problems when suppliers do not submit formal proposals or cannot access events.Read 15 Oct 2026 · capterra.com
Limit: workflow details
A Capterra reviewer says the available unit-of-measure options are limited.Read 15 Oct 2026 · capterra.com
Notable availability limit
Fairmarkit’s documentation says interested customers should contact their Customer Success Manager to use autonomous sourcing.Read 3 Oct 2026 · docs.fairmarkit.com
Notable company news
Fairmarkit's company history says it moved to generative-AI-based sourcing between 2023 and 2025 and launched total agentic sourcing thereafter.Read 15 Oct 2026 · fairmarkit.com
Praise: customer service
Capterra reviewers repeatedly rate customer service highly and describe Fairmarkit staff as responsive and customer focused.Read 15 Oct 2026 · capterra.com
Praise: savings and tail spend
Capterra and G2 reviewers describe faster tail-spend sourcing, easier price comparison and savings from previously manual buying work.Read 15 Oct 2026 · capterra.com
Praise: usability and organization
G2 reviewers repeatedly praise simple implementation, organized bids and requests, and receiving supplier quotes in one place.Read 15 Oct 2026 · g2.com
Proprietary ownership
Its terms grant users only a limited non-exclusive license and state that Fairmarkit retains intellectual-property rights in the website, portal and features.Read 15 Oct 2026 · fairmarkit.com
Public API
Fairmarkit offers a REST API with authenticated HTTP endpoints for business units, categories, ERP systems, purchase orders, requests, RFx events, suppliers and schemas.Read 15 Oct 2026 · docs.fairmarkit.com
Rating on Capterra
4.8 out of 5 from 8 reviewsRead 15 Oct 2026 · capterra.com
Rating on G2
4.6 out of 5 from 17 reviewsRead 15 Oct 2026 · g2.com
Rating on Gartner Peer Insights
4.0 out of 5 from 1 ratingRead 15 Oct 2026 · gartner.com
Rating on GetApp
4.8 out of 5 from 8 reviewsRead 15 Oct 2026 · getapp.com
Rating on Trustpilot
3.2 out of 5 from 1 reviewRead 15 Oct 2026 · trustpilot.com
Rating on TrustRadius
No aggregate score shown; comparison page lists 2 reviews and ratingsRead 15 Oct 2026 · trustradius.com
RFx execution
The RFx Agent supports strategic RFx, tactical and tail-spend sourcing, multi-line bid optimization and reverse auctions.Read 15 Oct 2026 · fairmarkit.com
Security architecture
The service is multi-tenant with database-level customer isolation and uses AWS for data-center infrastructure.Read 15 Oct 2026 · fairmarkit.com
Security certifications
Fairmarkit states that it is SOC 2 compliant and ISO 27001 certified.Read 15 Oct 2026 · fairmarkit.com
Security controls
The security overview describes multi-tenant database isolation, least-privilege access, multi-factor authentication, and encryption of confidential data.Read 3 Oct 2026 · fairmarkit.com
Sourcing automation
The platform can automate supplier matching, event sending, bundling, and rule-based awarding for suitable sourcing events.Read 3 Oct 2026 · docs.fairmarkit.com
Supplier discovery
The Supplier Discovery Agent matches buyers with suppliers using category fit, manufacturer compatibility, diversity data and response-probability signals.Read 15 Oct 2026 · fairmarkit.com
Supplier marketplace
Fairmarkit says its marketplace provides access to more than 2.7 million suppliers.Read 15 Oct 2026 · fairmarkit.com
Webhooks
Available webhooks notify customer systems about RFQ and RFP lifecycle events, supplier creation and bid submission.Read 15 Oct 2026 · docs.fairmarkit.com

Plans and prices

Enterprise subscription Priced on request Customized recurring subscription; implementation or service fees may apply Pricing varies by transaction volume, users, modules and features Read 15 Oct 2026 · gartner.com
Fairmarkit Priced on request Enterprise procurement sourcing platform; request a demo for details Read 3 Oct 2026 · fairmarkit.com

Every Fairmarkit plan and price →

Strong points and limits

Strong points

  • Intake Agent routes requests after gathering requirements.
  • Supplier Discovery scans more than 500,000 suppliers.
  • Evaluation supports comparisons and award scenario modeling.
  • Integrations use API or file-based connections.
  • Support is available by case management, email, or telephone.

Limits

  • Pricing is available on request.
  • Autonomous sourcing requires contacting a Customer Success Manager.
  • Scoring decisions remain with the procurement team.

Who it suits

Fairmarkit is aimed at enterprise procurement teams sourcing across categories of spend. It may suit teams seeking intake and sourcing automation alongside bid evaluation and existing business-system integrations.

Verdict

Fairmarkit covers procurement intake, supplier discovery, sourcing automation, and bid evaluation.

Where Specifiction places it

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