FairMarkIT VS Proctrix

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 process.

Proctrix Procurement software automates and streamlines the processes of eSourcing, Spend Analysis, Contract Management, Supplier Management, Financial Savings Management, and Purchase Order creation.

Proctrix is the go-to sourcing and procurement solution for mid to large-sized companies. Companies use Proctrix to manage the procurement process with its thoughtful workflows on bid management, reverse auctions, contract management and supplier management.

CPOs, CFOs, Purchase Heads and Procurement Managers have been able to implement Proctrix across teams to gain better spend visibility and collaborate effectively across the procurement value chain.

Proctrix's powerful procurement suite provides procurement teams the necessary tools to drive profitability and make decisions faster with more transparency.