Reverse Auction Software

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.

See how we do it
Web Screen with Reverse Dutch Auction dashboard

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.

Key Features

Webscreen with white lock icon over a red circle

Security & Scalability

  • Hosted in a Tier IV Facility - Highest level of security/scalability

  • SSAE 16 Type II Compliant

  • 2048 Bit – SSL

Web screen with ProcurePort My Auctions dashboard

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

Web screen with Reverse Auction bidding example

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.”

- Tara PascaEnergy Procurement Manager

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

Web screen with bid alert dashboard with mobile version screen overlaid

Easy to Use & Implement

  • iPhone, iPad & Android Apps for easy Mobile access

  • Popular Browser compatibility: Internet Explorer, Safari, Google Chrome, FireFox, etc.

Third Party ERP Integration

  • SAP, Oracle, MS Dynamics, SYSPRO, PLEX, INFOR, Quick Books and many more

  • 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 free demo or connect with us today for your Strategic Sourcing requirements. 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, which can cut procurement costs and add to your organization’s bottom line.

Trusted globally by sourcing professionals & organizations.

Connect with us today to schedule a demo.