AI-Powered e-Auction Platform for Smarter Sourcing
Create and manage ranked, Dutch, or Japanese reverse auctions directly from PRs or RFQs. Monitor live bids, analyze price trends, and automate awards with full audit traceability and ERP integration.
AI-Powered Reverse Auctions
Smarter Auctions. Faster Decisions.
Leverage AI to run efficient, competitive auctions with real-time bid tracking, auto-extension rules, and end-to-end visibility.
- Create Reverse Auctions from PRs, RFQs, or standalone
- Different types of Auctions – Ranked, Dutch and Japanese
- Suppliers List from the source RFQ, AI-based recommendations, or supplier master data
- Live Auction monitoring cockpit for bid tracking and price trend analysis for Auction Owner
- Real-time bidder support, including bid deletion for erroneous entries
- Auto-extension Rules for Bid Rank Change within a defined time limit before closure of Auction
- Manual extension by admin when needed
- Award preparation , and approval workflow, followed by automatic PO/contract creation in SAP
- Comprehensive system trace, audit logs, and event tracking
- Reports & dashboards for auction insights