Accelerating the source-to-award process to transform procurement
Summary
With organizations seeking out ways to ensure seamless access to the critical goods and services they need, when they need them, we’ve seen tremendous growth for our intelligent sourcing solution: procurement and supply chain management is now at the top of every enterprise’s to-do list, and Fairmarkit has proven to be the reliable partner that gets businesses through the crisis. In 2017, an early version of our product allowed the Massachusetts Bay Transit Authority to save an average of over $100,000 per month on procurement with a total cost avoidance of $10M since implementation—and customers started lining up. This is why, at just three years old, we’ve attracted customers from across the globe who have turned to us to achieve over 10% cost savings on their purchases, reduce manual efforts by 40%, and enable 100% policy compliance. In each of the past three years, we’ve tripled in annual revenue and our number of customers, securing partnerships with companies like Snowflake, Cabot Corporation, and Emirates Flight Catering. We’re excited to bring our automation solution to even more enterprises around the world, as we expand our technology to include multiple languages and scale our customer support function internationally.