With our electronic auction software, registered suppliers can log in and submit live bids against a range of products or services. Buyers can sell excess items and assets in forward auctions or procure items in reverse auctions. For each type, suppliers place bids on items in a live auction setting which runs for a limited period of time.
Ensure quality service levels using forward and reverse auction capabilities.
Keep information flowing between you and your suppliers so you can compare and select the suppliers that best meet your needs.
Switch to an entirely paperless process that is both secure and compliant, saving you time and money.
A secure and transparent auction process delivers complete visibility to stakeholders and ensures equal opportunity to all bidders.
When the auction is live, an easy way to track bids by suppliers is to view the information in chart form. Bids are plotted on the chart by time and value to clearly show the history of all bids from each supplier in the auction.
With real-time data and in-depth analysis, you can stay on top of your electronic auction processes and make informed business decisions without delay. For instance, you can see how much each bid can save you against historical price or weigh your options by applying points based on elements of evaluation.
Designed with users in mind, our eAuction system is extremely intuitive and easy to use. You can quickly create and tailor an auction event using as much or as little information as you need, to ensure that your suppliers are fully aware of exactly what they need to provide. You can even use event templates or clone previous events for repeating auctions.
Users can complete the auction cycle by awarding contracts to one or multiple suppliers, either automatically or discretionally. The entire process is captured and recorded, leaving a full audit trail from start to finish.
