by Fairmarkit · Procurement & Sourcing
AI-agent sourcing platform that competitively sources tail and strategic spend
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
SAP S/4HANASAP AribaSAP ECCCoupa
OracleServiceNowZipAmazon BusinessFairmarkit is an autonomous sourcing platform that uses AI agents to run competitive sourcing events across enterprise spend, with a particular focus on tail spend that traditionally goes unsourced because it is too small or too time-consuming for strategic procurement teams to handle manually. The platform sits alongside an organization's ERP and procure-to-pay (P2P) systems, intercepting purchase requisitions, soliciting competitive bids from suppliers, and writing recommended suppliers and pricing back into the system of record so buyers can manage many more sourcing events without adding headcount.
The product is organized around a set of specialized agents coordinated by an assistant the company calls KIT. An Intake Agent captures requirements through guided dialogue and applies policy and compliance rules at the point of request; a Supplier Discovery Agent matches requests against a large supplier network and surfaces incumbents and renewals; an RFx Execution Agent builds and runs sourcing events ranging from simple RFQs to complex multi-line events; an Evaluation Agent scores and compares bids on cost, delivery, and other criteria; and a Performance & Compliance Agent tracks cycle times, savings, and policy adherence with audit-ready records. A dedicated supplier portal handles quoting and supplier-side communication.
Fairmarkit targets large enterprises and is used across industries including manufacturing, food and beverage, transportation, telecom, software, energy and utilities, retail, and business services. The company reports outcomes such as roughly 11% average identified savings and substantial reductions in sourcing cycle time, and cites enterprise customers including Boeing, BP, ServiceNow, Snowflake, Goodyear, and Walgreens. Pricing is enterprise and quote-based rather than publicly listed.
Demo video from the vendor's YouTube channel. Screenshots sourced from Fairmarkit.
Fairmarkit covers 21 of 63 capabilities we track in this category (+1 partial)
33%“Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
How companies use Fairmarkit alongside their ERP — pulled from Fairmarkit's published customer stories, with the ERP each customer runs where they state it.
Energy · United Kingdom · Enterprise
13% increase in identified savings; 6.4% increase in awarded savings; 50%+ improvement in supplier response rates; 46% event conversion rate; £10.31M managed spend through 133 events in 12 months; £4M+ estimated RFP value across 30+ RFP events
Mining · Multiple (Latin America) · Enterprise
Runs with SAP82% reduction in cycle times (66 days to 12 days); $30M awarded savings by year 3; 27% identified savings rate; ~4,000 events sourced in 2024; built-in audit readiness; unique community-driven sourcing (stray animal capture and adoption)
Manufacturing · United States · Enterprise
Runs with SAP Ariba15%+ average savings on spend through platform; $1,500+ average savings per RFQ; $48K average savings per buyer per year; nearly $150K saved on 100 sourcing events; positive shift in procurement team mindset; 3.7x ROI achieved
Telecommunications · Multiple Countries · Enterprise
Double-digit record savings across RFPs and RFQs; >500 proposals submitted across RFPs; nearly 200% increase in supplier responses YoY; NPS ~50 (significantly above industry average); 700+ users across hundreds of business units; centralized reporting via PowerBI dashboards
Manufacturing · Multiple · Enterprise
Runs with SAP ECC125K+ events run with zero human intervention; 55% reduction in time to award; $15M awarded savings from automated events; 50% reduction in event creation-to-open time; 13% improvement in manual event performance; buyers shifted to strategic focus
Transportation · United States · Enterprise
36% reduction in cycle times; 10%+ identified savings increase in first year; 6% awarded savings across sourced spend; 42%+ of supplier interactions via Fairmarkit; innovative use cases achieved >16% savings in new categories; 50% cost reduction on specific RFP
The same companies show up in our library of ERP implementation case studies — useful for seeing what the wider stack around this add-on looks like.
Summarised from each vendor's published customer stories. Figures are the vendor's own claims, not independently verified by ERP Research. See all 14 Fairmarkit case studies →
Used Fairmarkit with your ERP? Rate it in 30 seconds — it helps every buyer after you.
Rate itLive SAP Store listing, published by Fairmarkit. Intercepts purchase requisitions and writes back recommended suppliers and pricing. A companion "Fairmarkit for Automated Sourcing" listing covers SAP Ariba Buying.
Vendor integration hub confirms: intercepts purchase requests, gathers competitive bids, and updates the PR in Oracle with the best suppliers and prices.
Connector details independently verified against vendor marketplaces and documentation; last checked 2026-08-11.
Full Fairmarkit pricing breakdown — cost at 25/100/500 seats, competitor rates & FAQs
Pricing is not publicly listed and is tailored to organization size and spend; contact Fairmarkit for a quote. Get an independent shortlist with pricing guidance below.
Fairmarkit prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.
5 of the 15 vendors we track in this category publish no list price at all.
Fairmarkit is an autonomous sourcing platform that uses AI agents to run competitive sourcing events across enterprise spend. It is especially focused on tail spend, intercepting purchase requisitions from an ERP or P2P system, gathering competitive supplier bids, and writing recommended suppliers and pricing back into the system of record.
Fairmarkit offers bi-directional integrations with SAP S/4HANA, SAP Ariba, SAP ECC, Coupa, Oracle, ServiceNow, and Zip, and pulls quotes from Amazon Business. It is listed on the SAP Store and the Coupa App Marketplace.
Fairmarkit does not publish pricing. It uses quote-based enterprise pricing tailored to an organization's size and spend, so you need to contact the vendor for a quote.
Fairmarkit reports SOC 2 and ISO 27001 certification and GDPR compliance. The platform is hosted on AWS with a multi-tenant architecture using database-level isolation, mandatory multi-factor authentication, encryption, and regular third-party penetration testing.
Fairmarkit targets large enterprises, commonly those with thousands of employees or significant non-strategic spend, that want to competitively source tail spend and scale the number of sourcing events handled per buyer without adding procurement headcount.
Before you commit to Fairmarkit, see how it sits against the 15 procurement & sourcing systems we track — on capability, ERP integration depth and what each one actually charges for.
Procurement & Sourcing Buyer's Guide
15 systems compared · 2026
ERP Research
Fairmarkit doesn't publish a price. Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what it should cost you — and which alternatives are worth quoting alongside it.