SourceBid: Advanced eAuction Software

eAuction Software

Delivering Strategic Value

Eliminate drawn-out negotiations, limited supplier engagement, and lack of pricing insights. SourceBid offers advanced tools to address every aspect of enterprise sourcing.

Cut Costs Without Sacrificing Quality

Diverse eAuction Formats

Design live bidding events that align with your strategy, including Classical Reverse, Forward, Sealed, British, Dutch, Japanese, and custom e-auctions.

Budgeting & Bid Analysis

Set precise budgets and target prices per line item. Apply multiple price adders to uncover hidden costs and identify optimal prices through color-coded matrices.

Analytics & Reporting

Track auction history and quantify savings through visualization dashboards. Integrate with AI-powered Enigma tool for complex data analysis and reporting.

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Strengthen Supplier Relationships

Supplier Onboarding

Collect essential documents upfront, automate onboarding approvals, and communicate through live chat to get suppliers ready for bidding quickly.

Competition Visibility

Manage visibility of minimum and maximum offers or group subtotals during electronic auctions. Share ranking information to encourage suppliers to lower their prices.

Awarding

Cherry pick and approve winning offers. Notify suppliers directly through the system and finalize contracts.

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Data Safety & Integrity

Seamless Integrations

Integrate our eAuction software with SAP, Oracle, Microsoft Dynamics, and other ERP systems through REST APIs for a cohesive workflow across all platforms.

Dedicated Deployment

The platform runs in a private environment dedicated to your organization, with strict data isolation, enterprise security controls, and full data ownership.

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