Fairmarkit
6.7#3 in strategic sourcing softwareAndroidiOSWebAPI
VisitFairmarkit vs Procol Strategic Sourcing
Procol Strategic Sourcing
7.0#2 in sourcing softwareAndroidiOSWebAPI
VisitWhat both publish
| Fact | Fairmarkit | Procol Strategic Sourcing |
|---|---|---|
| Auctions | The platform supports Dutch, English and Japanese auction formats. | The strategic sourcing page says users can convert an RFQ into a live auction and lists more than 45 auction strategies. |
| Founded | 2017 | 2017 |
| Headquarters | Boston, Massachusetts, United States | The privacy policy gives the corporate office as Unit 404, 405 and 407, Tower C, Unitech Cyber Park, Sector 39, Gurugram, Haryana, India. |
| Integrations | Native or partnered connections include SAP S/4HANA, SAP ECC, SAP Ariba, Oracle, Coupa, ServiceNow, Zip, Amazon Business, SpendHQ, Candex and Supplier.io. | Procol’s homepage displays integrations including SAP, SAP Ariba, Slack, Oracle, Zapier, ERPNext, Workday, Jira, and Gmail. |
| Purpose | Fairmarkit is an autonomous sourcing platform that uses AI agents to support procurement from demand intake through supplier award. | Procol describes its strategic sourcing platform as a collaborative tool to streamline sourcing, strengthen supplier relationships, and automate manual work. |
| Rating on G2 | 4.6 out of 5 from 17 reviews | Procol scores 4.8 out of 5 from 53 reviews. |
| Rating on Gartner Peer Insights | 4.0 out of 5 from 1 rating | The strategic-sourcing listing currently shows 0.0 out of 5 from 0 reviews, while its displayed component scores are 4.5 for evaluation, 4.5 for integration, 4.8 for support and 4.8 for capabilities. |
| Rating on TrustRadius | No aggregate score shown; comparison page lists 2 reviews and ratings | TrustRadius lists Procol at 0 out of 10 from 0 reviews. |
Fairmarkit plans
- Enterprise subscriptionPriced on request
- FairmarkitPriced on request
Procol Strategic Sourcing plans
- Custom modules and add-onsPriced on request
- Custom pricingPriced on request
Pick Fairmarkit if…
Fairmarkit is aimed at enterprise procurement teams sourcing across categories of spend. Its autonomous sourcing availability requires contacting a Customer Success Manager.
Pick Procol Strategic Sourcing if…
It suits enterprise procurement teams that coordinate sourcing events, supplier bids, auctions, and contract work. It is also relevant to teams that need scenario analysis or custom sourcing workflows.