Markit Fact Sheet 2020
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Markit is an international B2B IT product marketplace and procurement solution used by over 10,000 companies to reduce IT purchasing costs. Through Markit's platform, purchasing professionals can access competitive prices on over 3.6 million IT products from major distributors. On average, Markit clients save 12.5% on product costs and spend less time on IT purchasing. Markit has grown to serve over 10,000 active clients in 36 countries.
Markit Fact Sheet 2020
- 1. 2021 WWW.MARKIT.EU 10,000+ companies use Markit to save time and money on their IT hardware & accessory purchases. Markit helps its clients succeed in reducing the total cost of their IT purchasing in a way that is simple, efficient, smart and secure. IT purchasing professionals compare real time, competitive, prices and delivery times for 3.6 mil- lion IT products sourced from the world’s leading IT distributors. Our clients measurably and signifi- cantly reduce the amount of time they spend on IT purchasing and save an average 12.5% on their IT product costs. FACT SHEET MARKIT BY NUMBERS 2020 121 Employees 10,100+ Active clients 36 Countries 2,000+ Loyal clients 325 IT distributors 400+ Forbes 2000 3.6 M Products in catalogue 12.5 % Avg. product price savings 2.95 days Average delivery time 91 % Delivery accuracy Functionality designed for the key needs of IT purchasing professionals. TOP 10 MARKIT FEATURES CENTRALISED IT PROCUREMENT PLATFORM FOR MULTIPLE COUNTRIES AND ENTITIES INTERNATIONAL MARKETPLACE AND CUSTOMIS- ABLE CATALOGUE OF 3.6 M IT PRODUCTS PARAMETRIC AND SMART SEARCH TOOLS LOCAL-TO-LOCAL AND CONSOLIDATED E-INVOICING OPTIONS REAL TIME PRICE, STOCK AND DELIVERY DATA COMPARISONS TRANSPARENT PRICE, PRODUCT, SUPPLIER AND PURCHASE HISTORY DATA PARAMETRIC SEARCH FILTERS FOR ECO-RATED PRODUCTS (e.g. TCO CERTIFIED & ENERGY STAR) SEAMLESS PUNCHOUT INTEGRATION (OCI OR CXML) WITH ARIBA, COUPA ETC. LOCAL LANGUAGE BUSINESS SUPPORT CUSTOMISABLE USER ROLES AND WORKFLOWS The Markit IT marketplace and purchasing solution is a secure, internet-based system that operates as stand-alone platform. It integrates with all major ERP, procurement and punchout solutions. Markit releases new, and refines existing, features on a regular basis. Markit’s international clients also receive fast, local-to-local deliveries, local language support and invoices in their local currency. International B2B IT product marketplace and procurement solution in 36 countries Real transparent pricing with no hidden costs. Markit clients can choose to pay a small, fixed per- centage on top of the distributor price for all their IT purchases or a flat monthly fee based on project- ed volumes. There are no additional costs i.e., no fees for set up, licensing, integrations (e.g., punchout or SRM), consultancy or proactive account management.
- 2. 2021 WWW.MARKIT.EU TAKE THE CHASING OUT OF IT PURCHASING B2B IT PURCHASING GROWTH B2B IT purchasing is exploding in scope. Product prices are continually dropping while the variety of models available for many products are increasing fast and new products are coming to market every day. This in turn requires new levels of efficiency from the purchasing teams. In 2007 our clients ordered more than 11,000 unique IT products. Jump forward 13 years and the number has risen constantly and in 2020 over 1,700,000 products were delivered by Markit. CLIENTS Our clients span all industries and include a growing number of the Forbes Global 2000 companies: ABB, Danfoss, Continental, AGA (Linde AG), Coca-Cola, Ericsson, MetLife, Roche, Sanofi, SEB, Johnson & Johnson, Tieto, Rezidor/Radisson, Schott, Siemens, Skype, Telenor, TIKTOK and many more. COMPANY PERFORMANCE Since 2003, Markit has grown from helping a small number of businesses in Estonia to working with 10,000+ clients in 36 countries in 2021. 2020 revenue for Markit reached 122.6 million euros with 120 employees. Our annual RPE (revenue per employee) of more than one million euros denotes a highly productive team. ADDITIONAL RESOURCES Read our insights and articles on the Markit blog Check the latest Markit news on LinkedIn Explore more on the Markit website Get in touch and let’s talk! 51.0 63.4 79.2 93.4 111.8 112.1 2014 2015 2016 2017 2018 2019 2020 REVENUE million euros MARGUS VAHEMÄE Head Of Sales Phone: +372 666 9905 Email: margus.vahemae@markit.eu Markit Holding AS Jalgpalli 1, Tallinn 11312 Estonia 122.6 GLOBALLY RECOGNISED PARTNER Markit was shortlisted in the P2P Specialist Provider category of the 2020 Wold Procurement Awards. In addition, our global client, Danfoss, was also shortlisted in the External Collaboration category in recognition of the outstanding level of savings they achieved with Markit.