Highest level of security using the latest SSL (secure socket layer encryption) and role-based user security model
Ability to integrate with existing corporate systems, including ERP, MRP and CRM applications,
Secure partitioning of event data to support units in a decentralized organization
Customized screens that incorporate customer branding and preference
Flexible, Template-Driven Setup
Item-level, event-specific and supplier-specific settings allow for any number of strategic auction setups, including nested events
Multi-currency bidding options, multi-language capability, and custom time zone display for global use
Intuitive, template-driven interface facilitates fast auction builds
Total cost approach to collect and evaluate price and non-price bid components
Streamlined Event Management
Modifications to bid rules, pause capability, and control over supplier access during an event give buyers time to strategize and evaluate an auction's progress
Robust two-way communication during auction via instant messaging that is logged and archived for later retrieval
Real-time environment ensures latest bids and reports are instantaneously visible
Sophisticated Analysis
Advanced weighting capability to automatically improve or penalize a supplier’s bids based on predetermined factors Administrative level management and reporting on user activity and results
Powerful analytic tools to monitor and measure auction results, including real-time graphs and reports, total cost and savings calculations, and bid optimization
Enhanced bidder analytics allow bidders to determine standing versus other bids
AuctionTool is a revolution in the way buyers negotiate with short-listed suppliers
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