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Fairmarkit Partners with Amazon Business, Launches New 'Integrated Quoting' Feature

· Portfolio Company

Fairmarkit, a leading autonomous sourcing solution, is thrilled to announce its collaboration with Amazon Business. This partnership will revolutionize the procurement process by allowing customers to directly request quotations from Amazon Business for goods across all categories.

What Does This Mean for Buyers and Sellers?

For enterprise buyers, this partnership is a game-changer. It offers:

Direct access to Amazon Business and its expansive global supply base.

Solutions for supply chain continuity gaps.

Discovery of suppliers that align with ESG and diversity goals.

A way to meet urgent needs beyond the existing supplier base.

For the vast network of suppliers on Amazon Business, this collaboration presents sales opportunities on an unprecedented scale.

Streamlining the Procurement Process

With the introduction of Integrated Quoting, enterprise buyers can now send Request for Quotes (RFQs) to Amazon Business. These RFQs are processed swiftly through Amazon Business's automated systems, ensuring a unique and individualized quote offer is returned promptly.

Kevin Frechette, CEO of Fairmarkit, expressed his enthusiasm: "Our mission is to enable organizations to purchase goods and services efficiently and fairly. Partnering with Amazon Business, with its global reach and vast product selection, amplifies our mission. We're excited about the future of this collaboration."

Benefits Beyond Procurement

This partnership doesn't just streamline procurement; it also:

Expands the market segment, introducing Amazon Business to the world's largest buyers.

Offers access to Fairmarkit's supplier portal, enhancing communication, visibility, and access to real-time data.

Provides procurement teams with the best offers in one consolidated space, ensuring quick responses to urgent requirements.

About Fairmarkit

Fairmarkit's innovative solutions automate manual workflows by connecting ERP and P2P systems. With the ability to source from over 500,000 suppliers, Fairmarkit aims to increase competition, drive savings, and reduce supply chain risks.

Having been recognized on the 2022 Inc. 5000 fastest-growing private companies list and as one of America's Best Startup Employers 2023 by Forbes, Fairmarkit continues to make waves in the industry. With clients like BP, BT, Emirates, and Boeing, Fairmarkit has consistently demonstrated cost savings and a significant reduction in manual procurement efforts for its customers.

The partnership between Fairmarkit and Amazon Business promises to reshape the landscape of procurement, offering unparalleled benefits to both buyers and sellers. The future of sourcing has never looked brighter.