Fairmarkit vs Proactis

Last Updated:

Our analysts compared Fairmarkit vs Proactis based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Proactis Software Tool

Product Basics

Fairmarkit is a cutting-edge software designed to streamline procurement processes for businesses of all sizes. It's particularly well-suited for organizations looking to automate and optimize their purchasing tasks, thanks to its ability to manage vendors, generate insights, and ensure compliance efficiently. One of the key benefits of using Fairmarkit is its ability to save time and reduce costs by automating routine procurement tasks, allowing teams to focus on strategic decision-making. Popular features include vendor management, spend analytics, and automated bidding, which collectively enhance the procurement process. When compared to similar products, users often highlight Fairmarkit's user-friendly interface and the robustness of its analytics as standout attributes. Pricing considerations for Fairmarkit typically involve a range based on the scale of the procurement operations and the specific needs of the business, with payment options that can vary from monthly to annual subscriptions, making it a flexible solution for businesses aiming to improve their procurement strategies.

read more...
Proactis provides cloud-based, comprehensive business process automation and spend management solutions to B2B organizations. It operates through The Business Network, a free portal where organizations can set up business listings, showcase their products and connect with qualified buyers.

In 2017, Hubwoo was acquired by the Proactis group. Since then, the partnership has resulted in enhanced offerings that involve end-to-end spend management and B2B e-commerce capabilities. It integrates with all types of procurement and ERP products. It comes with convenient-to-use inclusions that drive compliance requisitioning, adoption, and cost savings by reducing inefficiencies in the accounts payable process.
read more...
Undisclosed
Get a free price quote
Tailored to your specific needs
Undisclosed
Get a free price quote
Tailored to your specific needs
Small 
i
Medium 
i
Large 
i
Small 
i
Medium 
i
Large 
i
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Intuitive Interface: Enhance visibility with more control in an accessible, uncomplicated dashboard. 
  • Free Trial: Access a free trial to have a quick browse through before making any investments. 
  • Easy to Use: Automate and streamline the database workflow with a simplified, intuitive interface. 
  • Improved Efficiency: With advanced analytics and automation processes, streamline workflows to improve efficiency. 
read more...
  • Higher Cost Savings: Leverage spend management processes that result in higher cost savings and increase operational profit. 
  • Greater Efficiency: Automation of tasks and processes like research, buying and payment save valuable time and employee effort. Enabling employees to focus on more important tasks leads to increased organizational productivity and cost efficiency. 
  • Improved Transparency: Understand and closely monitor procurement processes using real-time data insights. Greater transparency helps make educated decisions for better operational performance. 
  • More Value: Drive more value from procurement tasks through streamlined processes and robust source-to-contract tools that help select and manage suppliers, business contracts, and much more, all through a single interface. 
read more...
  • Request Management: Automate, centralize and streamline requests. Create requisitions using existing ERP and P2P platforms, identify vendors, analyze reports and award bids, accessing it all under one unified space. 
  • Process Automation: Access streamlined, automated data in real-time, vendor identifications, score responses and bid invitations without enduring manual work. 
  • Vendor Recommendation: Automate requests based on product category, purchase data and vendor response behaviour without the hassle of labour-intensive manual workflows. 
  • Speed Analytics: Regulate compliance while proactively monitoring KPIs and keeping stakeholders informed and up to date. Manage and optimize data, budgets and resources. 
  • Integrations: Seamlessly integrate with ERP and P2P platforms. With reduced IT resources, quickly implement functionality into cloud-based and VPN networks. 
read more...
  • Procurement Control: Tools for purchasing professionals support the overall purchase process. Includes contract and supplier management, sourcing as well as marketplace solutions to help streamline procurement processes. 
  • Source-to-Contract: Record and store contracts, obtain real-time data insights about the firm’s financial liabilities and keep a well-maintained contract portfolio. 
    • Sourcing: Supports strategic sourcing processes with tools to enhance, optimize and streamline contract sourcing. 
    • Project Management: Optimizes procurement projects from planning to implementation and delivery. Standard practice templates reduce manual work and offer a complete overview of projects to all team members. 
    • Vendor Management: Provides complete control over the vendor lifecycle, including vendor information, a vendor directory and web-based tools for vendor appraisals. Helps measure performance and finalize the best performing vendors consistently. 
    • Contract Management: Drive optimized value for supplier contracts, ensure end-to-end contract compliance, and record all contracts for complete visibility and informed contract management. 
    • Catalog Management: Onboard new suppliers easily through effective and efficient features that include automated contract management, self-service catalog maintenance and streamlined collaboration with all suppliers. 
    • ERP Integration: Offers seamless integration with single or multiple ERP apps. Integrates with Microsoft Dynamics, Exact, Unit4, SAP, Coda, Oracle and others. 
    • Source-to-Contract Spend Intelligence: Provides a comprehensive view of business spendings in real time. Facilitates management of operational as well as financial performance. 
    • Source-to-Contract Reporting: Facilitates better buying decisions through contract reporting that shows all insights within the client’s performance. 
  • Purchase-to-Pay: Increased compliance with authorized procedures, invoice process automation and more improves visibility and control of business spending. 
    • Procurement: Provides complete control over item procurement and ensures smart and efficient allocation as well as usage of budgets. Intelligent search tools help navigate and find products easily, with guided buying and order compliance. 
    • Workforce Hiring: Streamlines hiring processes, granting the ability to define agreements, draft hiring contracts and facilitate candidate selection, job profile listing, time keeping and more. Automation in these steps and administration saves time. 
    • Budget Management: Real-time insights with reporting and streamlined dashboards enable controlled spendings and improve decision making. 
    • Expense Management: Supports digital claims and expense filing. Employees can view incurred expenses that comply with taxation regulations and policies. 
    • Account Payable Automation: Includes fully managed invoices and allows converting PDFs and hard copies into electronic invoices that are accessible anytime and anywhere. 
    • Invoicing: Offers invoice capture and management, an e-invoicing portal and accelerated payment capabilities. These streamline the invoicing process from receipt to payment, optimize cash flows, improve overall productivity and minimize risks. 
    • Accelerated Payment: Helps suppliers receive early payments in return of small discounts to buyers. Improves supplier data and CSR. 
    • Purchase-to-Pay Mobile Application: Several apps let employees approve requisition purchase orders, view and take actions on invoices, and much more, from an Android or iOS mobile device. 
  • Sourcing Software: Includes several collaborative, flexible and reliable features that support effective sourcing procedures. Helps create structured, visible and easy-to-track processes. 
  • The Business Network: Enables simple, faster and cost-effective buyer-supplier relationships. Suppliers can connect with thousands of enterprises through one secure network. Buyers can connect with verified suppliers, collaborate and close the best deals. 
read more...

Product Ranking

#28

among all
Procurement Software

#10

among all
Procurement Software

Find out who the leaders are

User Sentiment Summary

Excellent User Sentiment 6 reviews
Great User Sentiment 38 reviews
94%
of users recommend this product

Fairmarkit has a 'excellent' User Satisfaction Rating of 94% when considering 6 user reviews from 2 recognized software review sites.

84%
of users recommend this product

Proactis has a 'great' User Satisfaction Rating of 84% when considering 38 user reviews from 4 recognized software review sites.

n/a
4.0 (5)
4.67 (3)
4.38 (13)
4.7 (3)
4.3 (12)
n/a
4.0 (8)

Awards

Fairmarkit stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

we're gathering data

Synopsis of User Ratings and Reviews

User-Friendly Interface: Many users praise Fairmarkit's platform for being intuitive and easy to navigate, simplifying the sourcing and purchasing process.
Time Savings: Fairmarkit automates many procurement tasks, such as vendor discovery and RFQ creation, which frees up time for users to focus on more strategic initiatives.
Increased Competition: The platform broadens the pool of potential vendors, leading to more competitive bids and potentially better pricing for buyers.
Show more
User-Friendly: More than 80% of reviews on this aspect indicate that the software has a simple and intuitive interface.
All-in-One Product: The software provides process automation and spend management solutions, including easy integration with all types of procurement and ERP systems, according to 100% of reviews.
Customization: Its features such as forms, user’s landing pages and vendor catalogs are extremely customizable, according to all reviews on this topic.
Show more
Limited Functionality for Complex Procurement: Fairmarkit may not be suitable for organizations with intricate procurement processes or those dealing with highly specialized goods and services. Its strength lies in automating routine purchases, but it might lack the depth for complex sourcing events or managing intricate supplier relationships.
Integrations and Customization: Some users have noted that integrating Fairmarkit with existing ERP or procurement systems can be challenging, potentially requiring additional IT resources or custom development. Additionally, customization options within the platform might be limited, making it difficult to tailor the system to specific organizational workflows or unique requirements.
Supplier Management Features: While Fairmarkit facilitates supplier onboarding and communication, it may not offer comprehensive supplier management capabilities. Organizations with extensive supplier networks or those requiring advanced supplier performance tracking and evaluation might find the available features insufficient.
Show more
Customer Support: All reviews on this aspect suggest that their support team is slow to respond and time-consuming sometimes.
Tricky Implementation: According to 100% of reviews on this feature, implementation of the software can be tricky depending on how it's discussed with the vendor’s team at the testing stage.
Show more

User reviews from the last year suggest Fairmarkit is making a splash in the Procurement software market. Users rave about its intuitive interface and robust automation features, which streamline the sourcing and purchasing process. They appreciate how Fairmarkit helps them identify cost savings by automatically comparing vendor quotes and suggesting alternative suppliers. This is particularly valuable in today's volatile market where prices can fluctuate rapidly. However, some users have pointed out that the platform's reporting functionality could be more comprehensive and customizable. Others have noted that while Fairmarkit integrates well with major ERP systems, it could benefit from broader integrations with other business applications. Overall, Fairmarkit seems best suited for organizations looking to automate their tail-spend procurement processes. Its user-friendly design and focus on cost optimization make it a valuable tool for businesses of all sizes, but particularly those with limited procurement resources. However, companies with complex reporting needs or requiring extensive integrations might need to consider additional solutions to complement Fairmarkit's capabilities. Keep in mind that software features and user experiences can change quickly, so it's always a good idea to check the latest information online.

Show more

Proactis is a cloud-based solution for B2B organizations that require help with process automation and spend management. User reviews suggest that their customer support is slow to respond. Implementation can also be tricky based on how effectively the user can communicate their requirements. Great customization is a major advantage of the tool. A user-friendly interface and comprehensive set of features are some other pros that make it a holistic solution for those looking for a business spend management suite.

Show more

Screenshots

Top Alternatives in Procurement Software


Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

JAGGAER ONE

Oracle Procurement Cloud

Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

Related Categories

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

Compare products
Comparison Report
Just drag this link to the bookmark bar.
?
Table settings