Reverse auction software forms the core of the business. It helps organize the business, saves time and money. The procurement managers can get in touch with potential vendors with ease through e-mails. The procurement managers can easily set parameters to run and manage the bidding process more efficiently. Managers can have the option to view ach of the bids and check the attached information before arriving on any decision. They can check reputation of the bidders together with other criteria like delivery time, price and other criteria.
Most of the processes are automated and there are varieties of features included. So, the bidders don’t have to spend too much time in creating requests, studying proposals, and deciding on the best vendors in the market.Vendors compete with one another to get the business and quote lesser price and offer better and additional services. You don’t need to be tech savvy to use it. There are wizards with detailed guidelines that help in implementation, auction creation and with other processes related to reverse auctions.
Project management software helps you approach the project in the right manner. It will help you prioritize all the project resources, tasks, deliverables and constraint. You can have a clear idea about the deadlines, dependencies and the approval points.It can help you ensure the best implementation of the resources of your organization and get a clear idea if the project will provide you with robust returns.

All project information is organized and team members can readily access the information.There is better communication and collaboration reducing the chance of errors. The software works like an efficient assistant and ensures no detail is left out.It will monitor the expenses of the project and compare it with the budget. Managers can learn about the status of the project and know about the completed tasks as well as the ones that have not been completed. To get comparisons you can view similar completed projects.

Reverse Auction : The reverse auction, A Service buyer creates detailed specifications into the secure web based reverse auction platform and Service provider submit their bids in real time. Forward Auction : The Forward auction are electronic auctions, which can be used by sellers to sell their items to many potential buyers. Sellers and buyers can be individuals, organizations etc. Items are commonly placed at a special site for auction (e.g. eBay.com). Buyers can continuously bid for the items they are interested in. Eventually the highest bidder wins the item. Penny Auction : Is a type of all-pay auction in which all participants must pay a non-refundable fee to place each small incremental bid Silent Auction : This is variant of the English auction in which bids are written on a sheet of paper. At the predetermined end of the auction, the highest listed bidder wins the item. Before parents meet in schools they get to BID and see the product online and communicated via SMS
For more details on our products and services, please feel free to visit us at: Marketplace Software, Penny Auction Software, Online Auction Software, Silent Auction Software, Reverse Auction Software.