Fairmarkit vs Procol Strategic Sourcing
Fairmarkit
fairmarkit.comProcol Strategic Sourcing
procol.aiSide by side
| Figure | Fairmarkit | Procol Strategic Sourcing |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | Yes |
| Plans published | 2 | 2 |
| Spec score · Sourcing Software | 8.3 (#4) | 8.4 (#3) |
| Auctions | The platform supports Dutch, English and Japanese auction formats. | The strategic sourcing page says users can convert an RFQ into a live auction and lists more than 45 auction strategies. |
| Founded | 2017 | 2017 |
| Headquarters | Boston, Massachusetts, United States | The privacy policy gives the corporate office as Unit 404, 405 and 407, Tower C, Unitech Cyber Park, Sector 39, Gurugram, Haryana, India. |
| Integrations | Native or partnered connections include SAP S/4HANA, SAP ECC, SAP Ariba, Oracle, Coupa, ServiceNow, Zip, Amazon Business, SpendHQ, Candex and Supplier.io. | Procol’s homepage displays integrations including SAP, SAP Ariba, Slack, Oracle, Zapier, ERPNext, Workday, Jira, and Gmail. |
| Purpose | Fairmarkit is an autonomous sourcing platform that uses AI agents to support procurement from demand intake through supplier award. | Procol describes its strategic sourcing platform as a collaborative tool to streamline sourcing, strengthen supplier relationships, and automate manual work. |
| Rating on G2 | 4.6 out of 5 from 17 reviews | Procol scores 4.8 out of 5 from 53 reviews. |
| Rating on Gartner Peer Insights | 4.0 out of 5 from 1 rating | The strategic-sourcing listing currently shows 0.0 out of 5 from 0 reviews, while its displayed component scores are 4.5 for evaluation, 4.5 for integration, 4.8 for support and 4.8 for capabilities. |
| Rating on TrustRadius | No aggregate score shown; comparison page lists 2 reviews and ratings | TrustRadius lists Procol at 0 out of 10 from 0 reviews. |
| Security certifications | Fairmarkit states that it is SOC 2 compliant and ISO 27001 certified. | The company displays ISO 27001, SOC 2 Type 2, GDPR-compliance and cyber-insurance claims. |
| What it does | Fairmarkit is a cloud procurement platform that automates sourcing from intake through supplier award for enterprise and mid-market teams. | Procol presents Strategic Sourcing as a collaborative procurement platform for supplier sourcing, negotiations, contracts, approvals and spend decisions. |
Plans
Procol Strategic Sourcing
- Custom modules and add-onsPriced on request
- Custom pricingPriced on request
In their own words
Fairmarkit
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.
Procol Strategic Sourcing
Procol Strategic Sourcing has no write-up on Specifiction yet; its figures are above.