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Negotiate at high speed
Vendorful's Reverse Auction tendering module typically saves buyers 5%-20% in under an hour. By leveraging reverse auctions, you can:

Save Time
Shorten negotiations from weeks and months to an hour or less.

Save Money
Have your vendors bid against each other to earn your business.

Collaborate
Work with colleagues to set up lots, line items, and auction rules.

Increase Transparency
Maximize the integrity of your process by allowing the vendors to compete in a free market.

Feature Highlights
A look at some of the key features of Vendorful's Reverse Auction module.

Point-and-Click Simplicity
Once your account is created, you are mere mouse clicks away from launching an auction.

Save Time
Shorten negotiation cycles, usually to an hour or less.

Lots and Line Items
Run single and multi-lot auctions with one or more line items per lot.
Currency Support
Get the prices in the currency you want.
Watch Prices Fall
See bids as they come and and track savings as they happen.

Real-Time Network Monitoring
Report on network performance and automatically account for clock drift and time zones.
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