“Helps companies make purchases from suppliers who bid for their business in a live online platform”— Forbes 30 Under 30 Asia
Boost Your Bottom Line with Reverse AuctionsGet Free Demo
Eliminate error-prone manual negotiations with Procol’s intelligent e-reverse auctions tool. Implementing reverse auction strategies helps companies drive the pricing down while maintaining a healthy competitive environment between suppliers. Unlike traditional auctions, where prices increase, in reverse auctions, suppliers compete by lowering their prices to win the final contract. With a proper reverse auction platform, procurement teams can make the most out of their sourcing process and boost cost savings.
Procol’s Feature-Rich Solution Suite for Reverse Auctions
Save invaluable time and money with Procol’s eRFX solution with enriched features. Start getting more pricing options while keeping a check on travel costs.
With our best-in-class auction desk, placing a bid or live auctioning has never been easier. Procol’s custom-built auction engine helps you maximize savings.
Bid adieu to age-old supplier management practices and get started with Procol’s intuitive solution with multiple unique bidding algorithms that boost supplier engagement.
Ensuring optimized spends across different categories with Procol. Fast-track reporting with custom reports along with vendor performance analytics.
Implement 30+ auction strategies
Integration with third-party ERP systems
Multi-channel supplier communication via Email and SMS/WhatsApp
India’s leading mobile-friendly solution
In-built analytic capabilities
Intuitive event creation and bid interfaces
Extensive audit trails for each event
Simplified purchase order (PO) generation
Why Procol for Reverse Auctions?
Procol’s solutions help you across the procurement cycle - right from sourcing to contract. In doing so, our intelligent procurement software can easily tackle all the legacy problems and ensure that no roadblocks come uninvited.
Boost SavingsOptimise cost savings by creating a dynamic, competitive bidding environment which helps in driving down the bids and compress prices.
Real-time Analytics DashboardStay on top of event negotiations and important business decisions with real-time data and in-depth analysis.
Better Supplier RelationshipsImprove supplier competition and participation by creating an unbiased level playing field and leveraging multiple auction strategies.
Quicker Sourcing CycleConduct multiple eAuction events using prebuilt templates simultaneously while creating a seamless and transparent experience for both buyers and suppliers.
Increase Negotiation EfficiencyMove away from traditional in-person negotiations and manual overheads by leveraging automated bidding systems with all intricate event details.
Trusted by the largest organisations in India
“The startup helps food retailers procure inventory online, has clients such as Bikanervala and Big Bazaar.”— Yuvraj Malik
“A single platform for sourcing, collaboration, commodity insights; helps businesses save cost and time”— Editorial Desk
Procol can revolutionize procurements for you.
Connect with an expert who can share more about our solutions and answer any questions you have.Get Free Demo