Home > Procurement Software > Fairmarkit > Fairmarkit vs Tradogram

Fairmarkit vs Tradogram

Last Updated: November 18th, 2024

Our analysts compared Fairmarkit vs Tradogram based on data from our 400+ point analysis of Procurement Software, user reviews and our own crowdsourced data from our free software selection platform.

Overview Pricing Benefits & Features Analyst Ratings Comparison Charts User Ratings Analyst Summary Screenshots

Get Free Demo Demo Request Pricing Pricing

Product Basics

Fairmarkit is a cutting-edge software designed to streamline procurement processes for businesses of all sizes. It's particularly well-suited for organizations looking to automate and optimize their purchasing tasks, thanks to its ability to manage vendors, generate insights, and ensure compliance efficiently. One of the key benefits of using Fairmarkit is its ability to save time and reduce costs by automating routine procurement tasks, allowing teams to focus on strategic decision-making. Popular features include vendor management, spend analytics, and automated bidding, which collectively enhance the procurement process. When compared to similar products, users often highlight Fairmarkit's user-friendly interface and the robustness of its analytics as standout attributes. Pricing considerations for Fairmarkit typically involve a range based on the scale of the procurement operations and the specific needs of the business, with payment options that can vary from monthly to annual subscriptions, making it a flexible solution for businesses aiming to improve their procurement strategies.

Tradogram is a comprehensive procurement management software designed to streamline and enhance the procurement process for businesses of all sizes. It is particularly well-suited for organizations looking to gain better control over their spending, improve supplier relationships, and automate procurement tasks. One of the key benefits of using Tradogram is its ability to provide users with a clear and detailed view of their procurement activities, enabling more informed decision-making. The software boasts popular features such as purchase order management, supplier management, and spend analysis, which collectively contribute to a more efficient and cost-effective procurement process. When compared to similar products, users often highlight Tradogram's user-friendly interface and the flexibility it offers in customizing the platform to meet specific business needs. Pricing considerations for Tradogram typically involve a range that accommodates various business sizes, with payment options that may include monthly or annual subscriptions, ensuring that businesses can select a plan that best fits their budget and procurement volume.

Undisclosed

Free Trial is available →

Get a free price quote

Tailored to your specific needs

$168 Monthly, Freemium

Free Trial is available →

Get a free price quote

Tailored to your specific needs

Small

Medium

Large

Small

Medium

Large

Windows

Mac

Linux

Android

Chromebook

Windows

Mac

Linux

Android

Chromebook

Cloud

On-Premise

Mobile

Cloud

On-Premise

Mobile

Product Assistance

Documentation

In Person

Live Online

Videos

Webinars

Documentation

In Person

Live Online

Videos

Webinars

Phone

Chat

FAQ

Forum

Knowledge Base

24/7 Live Support

Phone

Chat

FAQ

Forum

Knowledge Base

24/7 Live Support

Product Insights

Intuitive Interface: Enhance visibility with more control in an accessible, uncomplicated dashboard.
Free Trial: Access a free trial to have a quick browse through before making any investments.
Easy to Use: Automate and streamline the database workflow with a simplified, intuitive interface.
Improved Efficiency: With advanced analytics and automation processes, streamline workflows to improve efficiency.

Cost Reduction: Tradogram helps businesses significantly reduce costs by streamlining procurement processes, enabling better negotiation with suppliers, and minimizing unnecessary purchases through improved spend visibility.
Enhanced Spend Visibility: It offers comprehensive insights into company spending patterns, allowing for more informed decision-making and strategic financial planning.
Supplier Management: Simplifies the management of supplier information, performance, and relationships, ensuring that businesses can easily access and evaluate critical data to make better sourcing decisions.
Process Efficiency: Automates routine procurement tasks, from requisition to purchase order creation, reducing manual errors and freeing up staff time for more strategic activities.
Compliance and Control: Enforces compliance with company purchasing policies and external regulations, minimizing the risk of fraud and ensuring financial integrity.
Scalability: Adapts to the growing needs of a business, supporting everything from basic procurement operations to complex, multi-layered processes without the need for significant changes to the system infrastructure.
Collaboration Improvement: Facilitates better communication and collaboration between departments and with suppliers, streamlining the procurement process and improving overall operational efficiency.
Risk Management: Helps identify and mitigate risks associated with supplier reliability and contract compliance, protecting the business from potential disruptions and financial losses.
Data-Driven Decisions: Provides actionable insights through detailed analytics and reporting features, enabling businesses to make data-driven decisions that improve procurement outcomes.
Customization and Flexibility: Offers a high degree of customization to fit the unique needs of each business, ensuring that the software can adapt to various procurement strategies and processes.

Request Management: Automate, centralize and streamline requests. Create requisitions using existing ERP and P2P platforms, identify vendors, analyze reports and award bids, accessing it all under one unified space.
Process Automation: Access streamlined, automated data in real-time, vendor identifications, score responses and bid invitations without enduring manual work.
Vendor Recommendation: Automate requests based on product category, purchase data and vendor response behaviour without the hassle of labour-intensive manual workflows.
Speed Analytics: Regulate compliance while proactively monitoring KPIs and keeping stakeholders informed and up to date. Manage and optimize data, budgets and resources.
Integrations: Seamlessly integrate with ERP and P2P platforms. With reduced IT resources, quickly implement functionality into cloud-based and VPN networks.

Multi-Level Management: Access a flexible, intuitive and personalized multi-level management tool that helps connect different departments across various locations all under one roof. Configure a collaborative administration dashboard to create and categorize departments and manage and track workflows while granting access levels to managers and users.
User Permissions: Delegate user roles with customizable permissions granting personalized access to a dashboard. Automate reports, enable notification alerts, and manage and review purchase orders. Verify account details and confirm orders before setting up automated integrations for the accounts payable process.
Supplier List: Create, categorize and organize a master supplier list within a centralized database. Onboard suppliers without an existing account and evaluate their performances based on supplier ratings.
Catalog: Create, import, organize and track orders based on an item master list for a streamlined workflow. Manage databases, add external items and first-time item orders during order creation, and link shopping carts using punch-out enabled technology.
Approval: Eliminate irregular expenditures by configuring a customizable hierarchical approval workflow. Enable instant automatic notification alerts for approvals and exempt specific users from certain approval rules.
Budget: Create budget levels and track company-wide expenditures, allowing visibility on all levels. Categorize budgets, manage project costs and limit excessive purchases by enabling automated notifications.
Inventory: Track stock levels, set up reorder threshold points and create purchase orders for requisition orders. Update inventory by booking in received stock.
Report Builder: Access an intuitive UI that helps generate customizable reports based on items, suppliers, locations, purchase order categories, document types and more. Automatically compile reports to help track orders at every stage. Analyze and access complete spend visibility in real time while granting limited control to each member to review spend reports.
Requisitions: Create multi-purpose requisitions which can be routed through supervisors for approval before getting turned into purchase orders. Access and track order requirements from a single, centralized dashboard.
Purchase Orders: Create, track, manage and set order approvals for purchase orders to limit extra spending and maximize procurement control. Access a centralized database and use filtered searches to gain full visibility and sort through orders based on required preference.
Requests: Add item details from an external list or database and save request forms in both RFQ and RFP formats. Create and track single-format requests to suppliers in real time.
Delivery Tracking: Organize delivery details, keep track of delivered orders and update them in the system automatically. Enable notifications in case of delayed delivery to maintain transparency between vendors and suppliers.
Invoices: Create, match and sync multiple invoice entries to ensure a three-way match for all orders. Integrate with accounting software, like Oracle and QuickBooks, to incorporate general ledger details in the invoice process.
Expenses: Draft and create expense reports while making customizable approval workflows in an expenditure tracking database.
Contracts: Plan, create, store and manage various contracts to minimize expenses. Use filtered searches to sort and track based on expiry date, category, supplier, location and more.
Instant Messaging: Enable notifications to access real-time responses and streamline communication within a unified database. Allow live collaboration between users and suppliers before finally passing it off for approval.

Product Ranking

#28

among all
Procurement Software

#71

among all
Procurement Software

Find out who the leaders are

Analyst Rating Summary

we're gathering data

Show More Show More

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Fairmarkit

Tradogram

+ Add Product + Add Product

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

75%

25%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

70%

30%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

83%

17%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

56%

44%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

100%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

71%

29%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

100%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

70%

10%

20%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

92%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

69%

31%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

85%

15%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

100%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

80%

20%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

85%

15%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

33%

67%

we're gathering data

N/A

we're gathering data

N/A

we're gathering data

N/A

83%

17%

User Sentiment Summary

94%

of users recommend this product

Fairmarkit has a 'excellent' User Satisfaction Rating of 94% when considering 6 user reviews from 2 recognized software review sites.

90%

of users recommend this product

Tradogram has a 'excellent' User Satisfaction Rating of 90% when considering 61 user reviews from 2 recognized software review sites.

n/a

5.0 (4)

4.67 (3)

4.48 (57)

4.7 (3)

n/a

Awards

Synopsis of User Ratings and Reviews

User-Friendly Interface: Many users praise Fairmarkit's platform for being intuitive and easy to navigate, simplifying the sourcing and purchasing process.

Time Savings: Fairmarkit automates many procurement tasks, such as vendor discovery and RFQ creation, which frees up time for users to focus on more strategic initiatives.

Increased Competition: The platform broadens the pool of potential vendors, leading to more competitive bids and potentially better pricing for buyers.

Streamlined Sourcing: Tradogram simplifies the sourcing process by automating tasks like vendor discovery and RFx management, saving procurement teams valuable time and effort.

Enhanced Visibility: The platform provides real-time insights into spending patterns and supplier performance, enabling data-driven decision-making and improved cost control.

Collaboration & Communication: Tradogram fosters collaboration between procurement teams and suppliers through a centralized communication hub, streamlining negotiations and contract management.

Risk Mitigation: The platform's risk management tools help identify and mitigate potential supply chain disruptions, ensuring business continuity.

Limited Functionality for Complex Procurement: Fairmarkit may not be suitable for organizations with intricate procurement processes or those dealing with highly specialized goods and services. Its strength lies in automating routine purchases, but it might lack the depth for complex sourcing events or managing intricate supplier relationships.

Integrations and Customization: Some users have noted that integrating Fairmarkit with existing ERP or procurement systems can be challenging, potentially requiring additional IT resources or custom development. Additionally, customization options within the platform might be limited, making it difficult to tailor the system to specific organizational workflows or unique requirements.

Supplier Management Features: While Fairmarkit facilitates supplier onboarding and communication, it may not offer comprehensive supplier management capabilities. Organizations with extensive supplier networks or those requiring advanced supplier performance tracking and evaluation might find the available features insufficient.

Limited Customization: Tradogram's pre-configured modules might not fully align with the unique workflows and approval processes of every organization, potentially leading to inefficiencies or workarounds.

Learning Curve: The platform's extensive features and functionalities could present a steep learning curve for new users, requiring additional time and resources for training and onboarding.

Integrations: Seamless integration with existing ERP or financial systems might require additional configuration or development effort, potentially impacting implementation timelines and costs.

User reviews from the last year suggest Fairmarkit is making a splash in the Procurement software market. Users rave about its intuitive interface and robust automation features, which streamline the sourcing and purchasing process. They appreciate how Fairmarkit helps them identify cost savings by automatically comparing vendor quotes and suggesting alternative suppliers. This is particularly valuable in today's volatile market where prices can fluctuate rapidly. However, some users have pointed out that the platform's reporting functionality could be more comprehensive and customizable. Others have noted that while Fairmarkit integrates well with major ERP systems, it could benefit from broader integrations with other business applications. Overall, Fairmarkit seems best suited for organizations looking to automate their tail-spend procurement processes. Its user-friendly design and focus on cost optimization make it a valuable tool for businesses of all sizes, but particularly those with limited procurement resources. However, companies with complex reporting needs or requiring extensive integrations might need to consider additional solutions to complement Fairmarkit's capabilities. Keep in mind that software features and user experiences can change quickly, so it's always a good idea to check the latest information online.

Tradogram, a comprehensive procurement software solution, has attracted considerable attention in the market. Users frequently highlight its user-friendly interface and intuitive design, enabling effortless navigation and quick adoption for teams. The platform's robust reporting and analytics capabilities empower users with valuable insights into spending patterns, supplier performance, and overall procurement efficiency. This data-driven approach facilitates informed decision-making and optimization of procurement processes. Additionally, Tradogram's seamless integration with various enterprise resource planning (ERP) and accounting systems streamlines data flow and eliminates manual data entry, saving time and reducing errors. While Tradogram offers numerous advantages, some users note that its customization options could be more extensive to cater to specific industry or organizational needs. Furthermore, the initial setup and configuration process may require some technical expertise, potentially posing challenges for users with limited IT resources. Despite these considerations, Tradogram's strengths in user experience, reporting, and integration make it a compelling choice for businesses seeking to enhance their procurement operations. The software is particularly well-suited for mid-sized to large organizations with established procurement processes and a desire to leverage technology for greater efficiency and cost savings. Its ability to centralize procurement data, automate tasks, and provide actionable insights empowers procurement teams to make strategic decisions and optimize their supply chain management.

Screenshots

Top Alternatives in Procurement Software

Basware P2P

BirchStreet

Coupa Procurement

GEP SMART

Ivalua

JAGGAER ONE

Oracle Procurement Cloud

Precoro

Procurify

Proqura

SAP Spend Management

Synertrade

Tradogram

Workday Spend Management

Zycus

Related Categories

Procure To Pay Software

Purchasing Software

Strategic Sourcing Software

Procure To Pay Software

Purchasing Software

Strategic Sourcing Software

Compare other software products using the SelectHub platform

FAQ

How can I do a in-depth comparison of Fairmarkit and Tradogram? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

What are the top-rated propducts for Procurement Software? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Which Procurement Software is rated the highest by users? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Is there a requirement template for Procurement Software? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

WE DISTILL IT INTO REAL REQUIREMENTS, COMPARISON REPORTS, PRICE GUIDES and more...

SelectHub Products Reporting and Analytics

Build Your Requirements

SelectHub Products Cost and Pricing Guide

Get Your Free Comparison Report

Table settings

Expand all details

Expand all scores

Collapsed view

Priority order