Reverse Auctions

Shorten your price negotiations from months to minutes.

Reverse Auctions

Shorten your price negotiations from months to minutes.

Streamline
Negotiations

  • Drive savings of 10%+ on average

  • Complete price negotiations in under an hour

  • Give suppliers transparency in the process

Easy to Use

  • Point-and-click configuration of auction parameters, lots, and line items

  • Select auction type and have rules automatically applied

  • Simple interface for suppliers

Optimized for Performance

  • Built on real-time architecture

  • Instant feedback on bids

  • Continuous network monitoring of latency and jitter

Streamline Negotiations

  • Drive savings of 10%+ on average
  • Complete price negotiations in under an hour
  • Give suppliers transparency in the process

Easy to Use

  • Point-and-click configuration of auction parameters, lots, and line items
  • Select auction type and have rules automatically applied
  • Simple interface for suppliers

Optimized for Performance

  • Built on real-time architecture
  • Instant feedback on bids
  • Continuous network monitoring of latency and jitter

See how much more productive you can be when using the right tools for the job.

Features at a Glance

Customizable

  • Single lot and multi-lot options
  • Multiple line items per lot
  • Custom units
  • Specifications and notes on line items
  • Buyer-specified maximum bids
  • Buyer-specified minimum bid decrements

Easy to use

  • Quiet time settings
  • Support for overtime
  • Real-time collaboration
  • Foreign currency support
  • New vendor invitations without cumbersome onboarding
  • Easy access to vendor management

Work in real time

  • Real-time network statistics and warnings
  • Configurable bid verification options
  • Real-time bid display
  • Dynamic bid rankings
  • Post-auction best-of-the-best display

Features at a Glance

Customizable

  • Single lot and multi-lot options
  • Multiple line items per lot
  • Custom units
  • Specifications and notes on line items
  • Buyer-specified maximum bids
  • Buyer-specified minimum bid decrements

Easy to use

  • Quiet time settings
  • Support for overtime
  • Real-time collaboration
  • Foreign currency support
  • New vendor invitations without cumbersome onboarding
  • Easy access to vendor management

Work in real time

  • Real-time network statistics and warnings
  • Configurable bid verification options
  • Real-time bid display
  • Dynamic bid rankings
  • Post-auction best-of-the-best display