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.comHosted in a Tier IV Facility - highest level of security/scalability
SSAE 16 Type II compliant
SOC 2 compliant
2048 Bit – SSL
Intuitive, easy to use interface
Simple workflow with reusable templates
Intuitive event creation and bid interfaces + real-time analytics
Graphical event summaries
Deployed within 24 hours
Helpful training & support included
iPhone, iPad, and Android apps for easy access on the go
Compatible with all major internet browsers
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 (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
Post-event and real-time reports for comprehensive bid analysis
Award automatically, or by line item, response, or bid
Comprehensive audit trails for all event activities
Event archive and search tools for completed sourcing events
Multi-language, multi-currency, and global time zone support
Integrate with SAP, Oracle, MS Dynamics, SYSPRO, PLEX, INFOR, QuickBooks, and many more
Integrate using Web Services and available APIs
Process customization as per requirements
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.