FairMarkIT VS Ultria

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.

Ultria is the newest division of Verdantis, Inc.– an organization which has been providing enterprise critical SaaS Governance and Stewardship solutions to G1000 companies for over 14 years. After helping organizations boost and sustain their ROI from ERP implementations and more fully realize synergy from Mergers and Acquisitions, Verdantis created the Ultria division to deliver similar value to legal and revenue teams.

Ultria offers end-to-end, SaaS-deployed, Contract Lifecycle Management solution for the Enterprise—Ultria CLM. It is a market-proven solution with a legacy of successful deployments over more than seven years. With a workflow based authoring and approval tool, and a comprehensive repository of contracts and clauses, Ultria CLM helps companies across the spectrum derive greater value from their contracts. By connecting with eSignature and CRM solutions, Ultria CLM seamlessly streamlines the quote to contract conversion process. Its post-signoff contract management capabilities empower the enterprise to extract the maximum value out of contracts, mitigate risks, and ensure regulatory compliance.