eAuction Tool.

Run forward and reverse auctions in real time — English, Dutch, sealed-bid and Japanese formats — with live bid dashboards and full audit trails.

eAuction Tool

Competitive bidding, run online.

Our eAuction Tool brings competitive bidding online — for buyers who want lower prices through reverse auctions, and sellers who want fair market value through forward auctions. Configure the rules, invite participants, and let the platform handle the bid mechanics, anti-snipe extensions, tie-breaking and full audit logging.

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Key Capabilities

What's inside.

Every deployment includes the core platform plus the modules you choose. Configurable workflows, role-based access, and full audit trails come standard.

Multiple Auction Formats

English forward, Dutch descending, sealed-bid, Japanese and reverse auctions — pick what fits the lot.

Bidder Onboarding

Pre-qualify and invite participants with digital NDAs, document checklists and KYC capture.

Live Bid Dashboard

Real-time ranking, savings tracker and lot-level bid history visible to organisers.

Anti-snipe & Extensions

Auto-extend the close time on last-second bids to prevent sniping and ensure fair competition.

Sealed-bid Security

Encrypted bids that open only at the scheduled time — auditable, tamper-evident.

Award & Reporting

One-click award with savings reports, audit packs and integration into your procurement system.

Why teams pick this

Lower prices on the buy-side. Fair value on the sell-side.

Outcomes the business actually feels — faster cycles, lower cost, fewer surprises at audit time.

  • Real-time bid mechanics

    English, Dutch, sealed-bid, Japanese and reverse — all on one platform.

  • Audit-grade event logs

    Every bid, every extension, every decision timestamped and signed.

  • Anti-snipe protection

    Configurable time-extensions keep auctions fair when bids come late.

  • Procurement integration

    Plugs into ProcFact and most ERPs to push the awarded lot straight into a PO.

18%
Average savings achieved
4
Auction formats supported
100%
Audit trail coverage
Real-time
Bid ranking
Common Questions

About eAuction Tool

What auction formats do you support?
English (open ascending), Dutch (descending), sealed-bid (single round), Japanese (button), and reverse auctions for procurement-side use cases.
Can we run private, invite-only auctions?
Yes — every auction can be public, private, or invite-only with KYC and NDA checks on participants.
Does it integrate with our procurement system?
Yes — it integrates directly with ProcFact and exposes APIs to push winners into SAP, Oracle, Tally and most major ERPs.

Ready to start your project?

Tell us about the problem you want solved. We will come back within one business day with a discovery plan and an honest read on scope, cost and timeline.