Reverse Auction Software

Reverse auction software is a key tool that procurement teams can use to bring about huge success if executed along with a well-defined sourcing process. Auction events must be executed with careful thought and planning in order to achieve double-digit price compression.

ProcurePort’s reverse auction software is delivered via the cloud as a SAAS solution. Easy to use online reverse auction software allows for quick setup of online auctions with minimal supplier (bidder) training. The software is completely web based and supported by all popular web browsers including Apple iPhone and Android phones.

ProcurePort also provides reverse auction services whereby our expert team of consultants can conduct the auction for your organization.

Reverse Auction Software features:

Security & Scalability

  • Hosted in a Tier IV Facility - Highest level of security / scalability
  • SSAE 16 Type II Compliant
  • 2048 Bit – SSL

Easy to Use & Implement

  • Easy to use intuitive user interface
  • Intuitive workflow with reusable templates
  • Intuitive event creation and bid interfaces + real-time analytics
  • Graphical Event Summaries
  • Deployed within 24 hours
  • Friendly Training & Support Included

Accessibility

  • iPhone, iPad & Android Apps for easy Mobile access
  • Popular Browser compatibility: Internet Explorer, Safari, Google Chrome, FireFox, etc.

Flexible & Powerful

  • Advanced Controls for complex bid negotiations
  • Flexible event layout formats with multi lot and group capability
  • Auction creation for large events using Excel Upload
  • Multi-round staged negotiation capability using Pre-bid, Live Event and Post Event Bid features
  • Ability to create custom data input fields (of type Currency, Date, File Upload, Multiple Choice, etc.) for collecting additional information along with the basic bid
  • Proprietary Rules Engine to conduct bid events with transformational pricing (e.g.: {Bid Amount + Shipping + Duties} * Qty.)
  • Multi-parameter, multi-format, multi-line, and non-price factor negotiations
  • Real time supplier messaging & online chat
  • Real time and post event reports for comprehensive bid analysis
  • Award by line item, award by response / bid, or automatic awarding
  • Comprehensive audit trails for all event activities
  • Event archive and search tools for completed sourcing events
  • Multi-Lingual, Multi Currency and Global Time Zone support

Third party integration capabilities

  • SAP Integration
  • Integrate using Web Services and available API's
  • Process customization as per custom requirements

Leverage ProcurePort’s state of the art reverse auction software to save on purchasing costs.

Register for a Demo on Reverse Auction Software or Contact Us today.

Reverse Auctions play a critical role in today’s sourcing strategy. ProcurePort provides a simple to use, easy to implement and affordable Reverse Auction Software, that can cut procurement costs and add to your organizations bottom line.

Customer Testimonials

T&M ran their first auction on the ProcurePort platform. It was a great success. The Bidders found the platform very user friendly, as well as easy to understand & really liked the T&M touches you added to our site. The Auction went extremely smoothly & we were able to sign a contract & save our Client a substantial amount of money. None of this would have been possible without the tremendous amount of support you provided. With that said, I wanted to take a minute to personally thank you on behalf of the team here at T&M for helping to make this possible. We look forward to a long standing relationship with ProcurePort and are excited to transform over to the new platform at the end of next month.

Tara Pasca, Energy Procurement Mgr. www.tandmassociates.com
When used appropriately, reverse auctions support the goal of strategic sourcing to significantly reduce the cost of purchases without sacrificing quality and service.
About ProcurePort

ProcurePort is a global leader in providing eProcurement Solutions and Services delivered On Demand via the Cloud. Access industry leading technology including Reverse Auction Software, Spend Analysis Software and Contract management Software via the cloud and experience world class technology support and procurement consulting services. Contact Us today for On Demand eSourcing software.

Learn how ProcurePort’s Spend Analysis Services and Auction Software 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?