Basware Procure-to-Pay vs. Fairmarkit

Basware Procure-to-Pay

Basware Procure-to-Pay

14 Reviews and Ratings

Fairmarkit

Fairmarkit

2 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Basware Procure-to-Pay	Score 8.9 out of 10	N/A	A solution for all purchase order sources by integrating into any existing procurement or ERP system, with an e-Invoicing solution to automate invoice capture, touchless accounts payable automation, and e-procurement natively integrated.	N/A
Fairmarkit	Score 10.0 out of 10	Enterprise companies (1,001+ employees)	Fairmarkit is an autonomous sourcing platform that transforms tail spend and strategic spend so organizations can source more competitively at scale. It integrates with ERP and P2P systems to automate manual source-to-award workflows so procurement teams can manage more events and reduce cycle times by without adding resources. Fairmarkit’s AI-powered supplier recommendations find the best-fit suppliers for events by leveraging an organization’s procurement data,…	N/A

Pricing

Basware Procure-to-Pay

Fairmarkit

Editions & Modules

No answers on this topic

No answers on this topic

Offerings

Pricing Offerings
Basware Procure-to-Pay	Fairmarkit
Free Trial
No	No
Free/Freemium Version
No	No
Premium Consulting/Integration Services
No	No

Entry-level Setup Fee

No setup fee

No setup fee

Additional Details

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More Pricing Information

Community Pulse
	Basware Procure-to-Pay	Fairmarkit
Considered Both Products	Basware Procure-to-Pay Verified User Anonymous Chose Basware Procure-to-Pay I have only used Basware Purchase to Pay in my organization, however it is such a good software that my company decided to keep using it for next years. Incentivized Helpful? Verified User Anonymous Chose Basware Procure-to-Pay I like them both for different reasons. Incentivized Helpful? Verified User Anonymous Chose Basware Procure-to-Pay I did not select Basware, so I do not know the alternatives. Incentivized Helpful? Umang Bhavsar Vice President Chose Basware Procure-to-Pay I don't have experience with other product. Incentivized Helpful? Verified User Anonymous Chose Basware Procure-to-Pay I've used several other invoices processing systems and basware is by for the least complicated and easiest to use. Incentivized Helpful? Iliana Anthimiades Accounts Payable Manager Chose Basware Procure-to-Pay Basware was not my selection as I was not with the company at the time. It was easy to learn and we have maintained a good working relationship with Basware. It is a very good way to process the workflow of invoices from start to finish. Incentivized Helpful?	Fairmarkit GM Greg Marshall Dir. of Corp Sourcing Chose Fairmarkit Fairmarkit brought a better value to the table that other competitors. Incentivized Helpful?

Best Alternatives
	Basware Procure-to-Pay	Fairmarkit
Small Businesses	MIP Fund Accounting Score 8.7 out of 10	MIP Fund Accounting Score 8.7 out of 10
Medium-sized Companies	Precoro Score 2.8 out of 10	Precoro Score 2.8 out of 10
Enterprises	SAP S/4HANA Cloud Score 8.6 out of 10	SAP S/4HANA Cloud Score 8.6 out of 10
All Alternatives	View all alternatives	View all alternatives

User Ratings
	Basware Procure-to-Pay	Fairmarkit
Likelihood to Recommend	8.0 (0 ratings)	10.0 (0 ratings)
Likelihood to Renew	5.4 (0 ratings)	- (0 ratings)

User Testimonials
	Basware Procure-to-Pay	Fairmarkit
Likelihood to Recommend	The system works well as an inter-company work-flow tool. Very helpful when and for invoice processing requires involvement across several different departments Incentivized Verified User Anonymous Read full review	Tooling, packaging, shipping supplies, and fasteners have given us the best results. Sourcing for food vending was not very successful. Incentivized GM Greg Marshall Dir. of Corp Sourcing Read full review
Pros	Basware is fast and reliable. Very rare down time during the time we've been using it. Great support team. Our needs were addressed timely and efficiently. Basware provides us with great customer service. We have had many modifications to our specific needs and Basware worked well with us for our customizations. Incentivized Iliana Anthimiades Accounts Payable Manager Read full review	compares bids ranks potential supplier for each RFQ messaging inside the app is more effective than emails Incentivized GM Greg Marshall Dir. of Corp Sourcing Read full review
Cons	Once you cancel the document in "cancellation queue" it cannot be restored or viewed. Sometimes but relatively rarely the program opens slowly. In rare instances the program freezes and needs to be restarted. Incentivized Verified User Anonymous Read full review	making customs fields have required input by the buyer a little more flexibility in the reporting, driven by the user Incentivized GM Greg Marshall Dir. of Corp Sourcing Read full review
Likelihood to Renew	We will continue using product and continue renewing as it is widely used product and it has been well adapted by users in our organization. The product is expensive but we will use it. Hopefully the product bugs will be fixed in future and they will provide more HA architecture feather for Basware. Incentivized Umang Bhavsar Vice President Read full review	No answers on this topic
Alternatives Considered	I have only used Basware Purchase to Pay in my organization, however it is such a good software that my company decided to keep using it for next years. Incentivized Verified User Anonymous Read full review	Fairmarkit brought a better value to the table that other competitors. Incentivized GM Greg Marshall Dir. of Corp Sourcing Read full review
Return on Investment	faster processing of invoices due to short step process it's user friendly so not much training is needed to use the system templates and favorites decreases time spent Incentivized Verified User Anonymous Read full review	Our 1X ROI was achieved in 4 months After one year the savings exceeded our target Incentivized GM Greg Marshall Dir. of Corp Sourcing Read full review
ScreenShots		Fairmarkit Screenshots