Fairmarkit has recently announced the launch of an expansion to their intelligent sourcing platform, adding capabilities to provide an all-in-one solution that leverages automation to simplify competitive sourcing for both RFQs and RFPs. The company aims to bring the solution to the procurement industry in order to automate and streamline the RFP process while maintaining the experience of RFQ sourcing.

Fairmarkit RFP expands upon Fairmarkit’s existing capabilities that aid companies in competitively sourcing their spend by enabling customers to now handle a variety of sourcing events. By acting as a central source of information for buyers, businesses have access to structured reporting across all types of purchases.

“We built RFPs into Fairmarkit because we saw customers already using our platform to manage these types of complex sourcing events,” said Kevin Frechette, co-founder and CEO of Fairmarkit. “These new capabilities allow our customers to conduct a broader range of sourcing events on our automated platform, saving them time, maximizing efficiency and allowing customers to get more spend under management through a streamlined sourcing process.”

Fairmarkit is able to integrate into any existing processes and systems. The product is available now.

About Fairmarkit

Fairmarkit is the intelligent sourcing platform that empowers organizations to more efficiently purchase the goods and services they need. By equipping procurement and supply-chain teams with automation and data, Fairmarkit promotes competitive bidding while reducing manual work within existing processes. Leveraged across a number of industries by innovative procurement departments, such as Snowflake, Cabot Corporation, and Refinitiv, Fairmarkit aims to revolutionize the way organizations make purchases.