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Reverse Auction, it pays back

  • Helps you automate your negotiation process
  • Plus makes your procurement highly transparent
  • Plus helps you saves money & guarantees 100% ROI

Easy Reverse Auction that saves

  • Float auction & configure auction rules
  • Register & invite suppliers
  • Bidders bid & outbid using Website/App
  • Get savings /Issue PO

Negotiate everything, no excuses

Reverse Auction variants When to use
English Standard Auction Lowest price is the only consideration
Dutch Auction Price & Quantity are to be factored
Japanese Clock Auction Supplier has to accept your quote
Preferential Auction Price + supplier preference are consideration
Weighted Auction Price + various parameters are consideration
SMRD Auction In case procurement value exceeds US$ 100
Yankee Auction Quick auctions, 2nd lowest bidder wins

Configure auction as per your desire

Procure to Pay (P2) procurement solution

  • Purchase Requisition (PR)

    • Multi location indenting
    • Indent aggregation
    • Spend budgeting
  • Request for Quote (RFQ)

    • Helps you discover price
    • Ideal for low value purchase
    • Saves time, efforts, papers
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  • Tender Management/RFP

    • Transparent tendering
    • Fool proof tendering system
    • Complies to global guidelines
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  • Supplier Portal

    • Tender/RFP listing platform
    • Gets you more suppliers
    • Supplier enlistment tool
  • Reverse Auction

    • Transparent process
    • Automates negotiation
    • Ensures savings
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  • Contract Management (CMS)

    • Real time contract status
    • Ensures timely completion
    • Totally automated process
  • Integrated Payment Gateway

    • Registration/Document fee
    • Supplier receipts – BG, EMD
    • Supplier Payments
  • Forward Auction

    • Helps you with disposals
    • Automates auction process
    • Ensure higher revenues
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  • Procurement Services

    • Spend analysis
    • Procurement consulting
    • Integration with ERP
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Key Learning

  • Globally, contracts worth billions are negotiated using RA.
  • RA is used to negotiate all types of contracts, including services.
  • RA gives all suppliers equal chance to compete & win.
  • RA helps you cut down on their costs, not the quality.
"We are using abcProcure since 2007. RA has not only helped us automate our negotiation process but has made eSourcing more transparent & completely auditable. We have retained in Millions, and that is 1000 times return on investment."

Guaranteed, foolproof security

We have enabled a single auction worth US$ 10 Billion for the sale of spectrum. There is nothing that can beat our security. It's foolproof.
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Quality Certificates

World class services backed by our commitment to quality.
  • ISO 9001 / 27001 certified company
  • STQC Certified Product
  • Audited by Cert.in approved auditors
  • SEI CMM Level 3

Compliances

When it comes to procurement, rest assured we go by the books.
  • MDB procurement guidelines
  • World Bank procurement guidelines
  • Information Technology Act, 2000 guidelines
  • STQC, Indian certified product
  • Central Vigilance Commission (CVC), India
  • Public Works Department (PWD), policies

Biz Model

If you can do it on your own, you can use our solution for free.
  • DIY Model
  • SAAS (Pay/transaction)
  • Software License
  • Procurement Outsourcing
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About us

  • Formed in 2006, 10th year in service now
  • Focused - offering complete procurement solutions
  • Aiming to be US$ 200 Million Co. By 2025
  • Trusted by ten thousands of suppliers & buyers
  • Powered by team of 500+ employees & partners
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