The Work Index by Flexa

Fairmarkit

Fairmarkit is an autonomous sourcing platform that helps procurement teams automate and optimize their purchasing processes.

6.5

/10

Transparency ranking

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Description

Fairmarkit is a leading provider of autonomous sourcing solutions for businesses of all sizes. Their platform uses AI and automation to streamline the sourcing process, reducing manual effort, improving efficiency, and driving cost savings. Fairmarkit's technology integrates seamlessly with existing ERP and P2P systems, allowing for rapid implementation and quick ROI. They serve a diverse range of customers, from Fortune 500 enterprises to high-growth businesses, with a focus on tackling tail spend, a significant but often overlooked area of procurement.

Fairmarkit emphasizes a people-first approach, empowering procurement teams to focus on strategic initiatives. Their commitment to security and compliance is evident in their ISO 27001 and SOC 2 certifications, ensuring a robust and reliable platform for their customers. With a growing network of partners and a dedicated focus on innovation, Fairmarkit continues to revolutionize the way organizations buy and sell goods and services.

Flexibility

Fairmarkit offers employees significant work flexibility. They promote a work-from-home environment and provide a stipend to cover home office expenses. They also offer sabbatical leave, summer Fridays, and a paid parental leave policy. These benefits demonstrate their commitment to providing employees with a flexible and supportive work environment.

Benefits

Fairmarkit offers employees a comprehensive benefits package that includes work flexibility, equity, paid parental leave, a home office stipend, sabbatical leave, summer Fridays and holiday hibernation, 401k company match, and mental health and mindfulness resources.

Enhanced parental leave

Mission

Fairmarkit's mission is to revolutionize the way organizations purchase goods and services by leveraging technology to create a more efficient and streamlined experience for both buyers and suppliers. They achieve this through data and automation, fostering market competition and unlocking team bandwidth by automating tedious tasks.

Automation
Data-driven
Disruptor

Culture

Fairmarkit fosters a collaborative, customer-centric culture built on a foundation of integrity, excellence, and innovation. They value teamwork and actively seek diverse perspectives to enhance their work. They are committed to exceeding customer expectations and pushing the boundaries of the procurement industry. Their "We before me" value reflects a strong team spirit, where employees support each other's success.

Agile and dynamic
Autonomous
Collaborative
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive

DE&I

Fairmarkit's approach to diversity, equity, and inclusion is embedded in its culture and operations. The company actively seeks diverse perspectives and promotes ethical, equitable, and inclusive practices. Their commitment to supplier diversity is reflected in partnerships with organizations that support diverse supplier networks, and they integrate this commitment into their technology, enabling customers to easily identify and engage with diverse suppliers.

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