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Cloused based procurement technology. Quick deployment of Auction Software to conduct Reverse Auctions, eRFX, Contract management, etendering, spend analytics and custom auction platforms

Auction Software

ProcurePort’s Auction Software employs state of the art technology which is hosted on the Cloud. There is “No Downloads. No Software to Install”.

ProcurePort is hosted in a SAAS 70 Type II Tier IV Data center, providing the highestlevel of security and privacy for your data.

The Auction software module provides a dynamic pricing environment where suppliers compete for business in real time. ProcurePort has a comprehensive set of features within its auction software platform that allows for multiple event strategies to suit specific buying scenarios. A complete web browser based solution (No Downloads. No Software to install)

Typical event types that can be conducted on the ProcurePort Auction Software platform include:

Reverse Auctions
Forward Auctions
Dutch Auctions
Sealed Bid Auctions
Japanese Auctions

The Auction Software Platform is supported by our dedicated and friendly 24/7 technical support staff that are highly trained professionals familiar with all aspects of sourcing.

The following are Key Features of the Auction platform

Key Features:

Buyer (Auction Administrator) Features:

Web Based as well as Offline Event Setup
Collect Pre-Bid or indicative pricing from each participating vendor/supplier
MULTI CURRENCY BIDDING: Allow participants to bid in their native currency and convert to base currency in realtime
Multi format events such as Rank Only, Yes/No, Reserve Price, Lot Based Ranking, etc.
CUSTOM (add-on) FIELDS SET-UP: Administrator can create add on fields that can be associated with the basic BID placed by the participating supplier in order to get a complete bid break-up / associated information. These fields can be numeric, percentage, text, logical, date or file upload format. (eg: Basic Bid + Packaging + Shipping)
ADVANCED RULES ENGINE: Create advanced rules for multi-point bidding including bid handicapping
Capture Historic Bid Price, Target Bid Price, Reserve Bid Price to be used for post event bid analytics
TOP DOWN BIDDING STRUCTURE: Multiple LOT, ITEM GROUP and ITEM availability all under a single event to support Group / Individual negotiation. This eliminates need for launching multiple events to accommodate complex negotiations having a large number of Products / Bidders.
Event Pause, Resume & Time management capabilities for a Live Event
On Screen Bid Analysis with relevant Graphs.
A Comprehensive Interactive Tutorial for the Administrator and the Bidder sites
On-Screen Interactive Reporting for the Administrator and the Bidder
1. RFQ Bid Analysis

2. Gain / Loss analysis against LPP / Reserve Price / Target Price

3. User & Bidder access log for audit trial

4. Other custom reports On Demand
Downloadable Excel / Xml Reporting for custom bid analysis.
Multiple Auction Formats such as Reverse Auctions, Forward Auctions, Dutch Auctions, Sealed Bid Auctions, Japanese Auctions, etc.

Bidder (Participant) related features:

Multiple language interface
Option to select bidding currency.
Option to invite other team members from within organization to collaborate
Comprehensive bid box to facilitate factored bidding. It allows bidder to provide complete bid-breakup by placing value in CUSTOM (add-on) FIELDS.
Auto/Proxy Bidding facility
Realtime Bid Refresh
Numeric as well as percentage decrement bidding to address different bidding scenario
Offline bid creation and upload facility for events with large number of line items. This allows the bidder to download excel worksheet that can be filled with desired bids and be uploaded in the system as bid response.
Pre-Auction bidding facility for Initial bid submission.
Online Chat and Bulletin Board

Procurement professionals monitor supplier activity in real-time, watching as suppliers compete and update their pricing throughout the event.

With the help of ProcurePort’s Spend Analysis Software and Reverse Auction Software, Save 18% - 40% by conducting online auctions. Contact us today to discuss the various auction formats such as reverse auctions, forward auctions, dutch auctions, Japanese auctions, sealed bid auctions, etc. and see what fits best with your sourcing needs.

Learn how ProcurePort’s Spend Analysis can help your business with your spend management. Contact us today to get an estimate on your spend analysis/Spend Visibility project.

About ProcurePort

ProcurePort is the leading provider of cloud based eProcurement Solutions delivered On Demand. ProcurePort combines industry-leading technology including Reverse Auction Software, Spend Analysis Software and Contract Management Software with world class technology support and procurement consulting servicesto deliver a combination of Technology & Services at an extremely affordable price. Using the ProcurePort On Demand Cloud based Spend Analysis Software & Reverse Auction Software application, businesses of all sizes can negotiate and manage their spend more effectively. More than 100 Companies use the ProcurePort Cloud based solution globally to manage their spend.Learn more »

ProcurePort Solutions and Services for Successful Spend Management

Companies of all sizes, and across all industries, need to drive maximum value from their business commerce initiatives. Technology alone won't make it easier. Successful business commerce, including Spend Analytics, Procurement Transformation, and eAuctions, is driven by a combination of technology, support services and consulting. Working with ProcurePort solutions and services, you can successfully plan, deploy, and adopt an electronic business commerce program to deliver world-class results to your organization using Spend Analysis Software, Reverse Auction Software and Strategic Sourcing services.

There are multiple challenges to getting the most out of your electronic business commerce initiatives, including:

Developing a business case and program approach
Setting expectations and securing executive support
Fueling change management
Marketing efforts internally
Enabling trading partners
Driving adoption by category, geography, function, etc.
Testing technology for acceptance, data, and integration
Accessing external resources and expertise to fill internal gaps

Companies must not only prepare for deployment of their technology, but the change necessary to fully leverage their new solution over the long haul. ProcurePort’s technology and service capabilities are uniquely designed to help organizations do this.

ProcurePort’s Global Business Commerce Support

ProcurePort has provided spend management, supplier management, and Reverse Auction Software to companies around the world for more than a decade. And the most successful organizations share a few things in common:

A comprehensive approach to electronic business commerce that incorporates technology, community, and capabilities
A structured approach based on industry best practices
A solid business case and ROI model that incorporates milestones and tracking devices

Based on these characteristics, ProcurePort delivers all the resources and expertise that companies need to overcome the challenges to electronic business commerce, including:

Change management strategies and templates
Organizational maps and best-practice approaches
Technology deployment and integration capabilities

With ProcurePort Reverse Auction Software and Spend Analysis Software for Spend Analytics, delivered through the ProcurePort Cloud, you can focus on what matters most-driving the maximum value to your bottom line and creating lasting enablement for your organization-and leave the rest to us. When it comes to electronic business commerce, ProcurePort has the resources to help your Company successfully implement its procurement strategies.

Save 18% - 40% with the use of online auction software. Contact us today to discuss the various auction formats such as reverse auctions, forward auctions, dutch auctions, Japanese auctions, sealed bid auctions, etc. and see what fits best with your sourcing needs.

Learn how ProcurePort’s Spend Analysis can help your business with your spend management. Contact us today to get an estimate on your spend analysis/Spend Visibility project.

Ready to Get Started?

To learn more about ProcurePort’s offerings and the value they can deliver, Contact us.

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ProcurePort, providing Cloud Solutions for Reverse Auctions, Forward Auctions, Spend Analysis, eProcurement and Auction software