Cut costs with reverse auctions.
Save 18% - 40% on addressable spend by implementing reverse auction technology. ProcurePort provides state of the art reverse auction software to assist organizations of all sizes in capturing the savings produced by this unique negotiation method.
Reverse Auction Software
Reverse auctions can bring about huge success if executed along with a well-defined e-Sourcing process. Online auction events must be executed with careful thought and planning in order to achieve double-digit price compression.
ProcurePort’s online auction software is delivered via the cloud as a SAAS solution. Easy to use online sourcing 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.
- Tara Pasca
Energy Procurement Manager www.tandmassociates.comKey features of our reverse auction module:
Secure and scalable
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Hosted in a Tier IV Facility - highest level of security/scalability
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SSAE 16 Type II compliant
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SOC 2 compliant
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2048 Bit – SSL
Easy to use and implement
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Intuitive, easy to use interface
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Simple workflow with reusable templates
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Intuitive event creation and bid interfaces + real-time analytics
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Graphical event summaries
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Deployed within 24 hours
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Helpful training & support included
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iPhone, iPad, and Android apps for easy access on the go
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Compatible with all major internet browsers
Powerful flexibility
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Advanced controls for complex bid negotiations
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Flexible event layout formats with multi-lot and group capability
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Auction creation for large events using Excel upload
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Multi-round staged negotiation capability using pre-bid, live event, and post-event bid features
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Ability to create custom data input fields (currency, date, file upload, multiple choice, etc.) for collecting additional information along with the basic bid
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Proprietary Rules Engine to conduct bid events with transformational pricing (e.g.: {Bid Amount + Shipping + Duties} * Qty.)
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Multi-parameter, multi-format, multi-line, and non-price factor negotiations
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Real-time supplier messaging & online chat
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Post-event and real-time reports for comprehensive bid analysis
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Award automatically, or by line item, response, or bid
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Comprehensive audit trails for all event activities
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Event archive and search tools for completed sourcing events
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Multi-language, multi-currency, and global time zone support
Seamless third-party ERP integration
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Integrate with SAP, Oracle, MS Dynamics, SYSPRO, PLEX, INFOR, QuickBooks, and many more
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Integrate using Web Services and available APIs
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Process customization as per requirements
Trusted globally by sourcing professionals and organizations.
Get a powerful, intuitive digital procurement platform for less.
Reverse auctions play a critical role in today’s sourcing strategy. ProcurePort provides simple to use, easy to implement, affordable reverse auction software, which can cut procurement costs and add to your organization’s bottom line. Schedule a free demo or connect with us today to let us know your specific strategic sourcing requirements.
