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Fairmarkit

Fairmarkit's SaaS platform automates the control and optimization of tail spend purchases. While tail spend accounts for about 20% of annual spend, tail spend comprises 80% of a business's total vendors and purchases, making it a management nightmare. Fairmarkit's automated processes increase transparency, yielding greater efficiencies and reducing spend by 6-12%.

3

Funding Rounds

$41.1m

Money raised

Overview

Fairmarkit's SaaS platform automates the control and optimization of tail spend purchases. While tail spend accounts for about 20% of annual spend, tail spend comprises 80% of a business's total vendors and purchases, making it a management nightmare. Fairmarkit's automated processes increase transparency, yielding greater efficiencies and reducing spend by 6-12%.