Details
Reverse Auction Software Enterprise Version 5.0
In a reverse auction, a buyer puts a contract out for bid, either using specialized software or through an online marketplace. Multiple sellers offer bids on the item, competing to offer the lowest price that meets all of the specifications of the bid. As the auction progresses, the price decreases as sellers compete to offer lower bids than their competitors.
Bidding performed in real-time via the Internet results in a dynamic, competitive process. This helps achieve rapid downward price pressure that is not normally attainable using traditional static paper-based bidding processes. The buyer may award the contract to the seller who bid the lowest price. Or, a buyer may award contracts to suppliers who bid higher prices depending upon the buyer's specific needs with regards to quality, lead-time, capacity, or other value-adding capabilities.
Reverse auctions are used to fill both large and small value contracts for both public sector and private commercial organizations. In addition to items traditionally thought of as commodities, reverse auctions are also used to source buyer-designed goods and services, and they have even been used to source reverse auction providers.
Our Software Features:
- Reserve Auction format
- And much more based on your module selections to add-on
- Auto re-listing if item does not sell
- Advertising management
- Manual bid transfer
- Content manager
- Multilingual translation with UTF-8 Support
- Higher Security
- SSL Secured Auction Platform
- Flash graph on dashboard (your own theme)
- Preview an auction
- Define standard variable and manager
- Manage high traffic
- More payment gateways
- Twitter and Facebook integration
- SEO Friendly
- Water mark module for all products images
- Optimized software to load site fast
- Nailbiter module
- Extend time bidding
- Category featured auctions listing
- Image upload and image crop
- Email templates manager
- Multiple image uploads (coming soon versions)
- Flash alert on each bid update
- Bid update without page refresh
- Optimized image module
- Optimized scripts to load site fast
- Language and flag manager
- Newsletter management
- Choose payment options / condition / shipping / display
- and more
Contact us for more information or questions. We are open 24/7 to help you.
Intellirex can provide your company with a Professional Reverse Auction Software platform to help you award your contracts to your customers. Included in our agreement is the following:
- One year free updates on software
- One year free support of software
- One year free hosting support
For details on these great services, contact Intellirex to get your free quote send out to your company today.
Intellirex is a service and support company and ready to serv you 24/7.
Additional Information
| In Depth | Reverse Auction Software Enterprise Version 5.0 |
|---|---|
| Megapixels | No |
| Model | reverse_auction_software |



