One-size-fits-all software is not enough
Off-the-shelf procurement platforms rarely match a unique auction format, lot structure, or vertical-specific rule set of the company.
Procure SuitePlatform
Custom Auction & Marketplace Software
You can configure the custom auction procurement software for various sourcing events and multi-vendor e-marketplaces as per your auction rules, workflows, and payment methods. Procure Suite offers a custom e auction solution to reduce time-to-market and operational costs with cutting-edge technology for modern businesses.
- Enhanced operational efficiency
- Custom industry-specific solution
- State-of-the-art tools & technology
- Quick, easy implementation
Unlock value
Custom e-auctions, industry-driven process
As an advanced e auction procurement solution, Procure Suite enables modern enterprises to run custom auctions and e-marketplaces effectively.
18–40%Savings on procurement spend with reverse auctions
80%Savings on time consumed from requisition to purchase
57%Businesses get better decision-making through procurement and risk management software
Challenges it addresses
When standard eAuction procurement software falls short
Complex, high-value sourcing events are complicated to manage for standard procurement software. Procure Suite's custom auction software can replace slow and rigid off-the-shelf tools.
Manual workflows slow the process
Untailored auction platform software cannot automate tedious approval, payment, and subscription steps.
Legacy tools can’t keep pace
Outdated stacks make it hard to launch new auction types, transaction-fee models, or subscription tiers as your marketplace grows and evolves.
Complex rollouts stall momentum
Long, disruptive implementations delay the benefits of a modern e-marketplace and slow adoption across buying and supplier teams.
Benefits Procure Suite offers
Custom e-auction solution for modern businesses
As a reliable custom auction software, Procure Suite can reduce time-to-market and operational cost by increasing efficiency. It is quick and easy to implement custom auction software.
Efficiency
Increase Operational Efficiency
Our customized procurement solution can automate tedious tasks and eliminate bottlenecks for saving time, reducing costs, and streamlining business operations. Your company can leverage optimum operational efficiency as your team can focus on other crucial tasks.
Industry-ready
Meet Industry-Specific Requirements
Get custom auction procurement software to stay ahead of the curve and address your customers’ expectations. Our tailored auction platform software is capable of addressing industry-specific needs and enabling you to offer personalized experiences to customers.
Technology
Avail State-of-the-art Technology
Our advanced features according to evolving technologies can assist you to maximize business potential. Our expertise in procurement process management and cutting-edge tools assist companies to identify and grab new opportunities quickly.
Implementation
Quick and Easy Implementation
Procure Suite offers hassle-free implementation process for minimizing disruption. Our robust procurement solution starts offering many benefits to your company quickly after a smooth transition. Easy implementation ensures that your business can grow quickly.
Built for your industry
Custom auction and e-marketplaces for verticals
Companies across different industry sectors use our custom e-marketplaces. Our auction software is built to serve the following verticals.
Hospitality & Travel
Hotels can reduce procurement costs for rooms whereas other related services can reduce the same for airfare and car rentals.
Healthcare
A custom e-Marketplace can manage purchasing of prescription drugs through live auctions helping healthcare organizations.
Carbon Credit (CER)
Live auction carbon credit (CER) exchange can be done using our procurement e-Marketplace solution for buying and trading.
Financial & Insurance
The BFSI sector leverages the benefits of a secure marketplace for managing complex business processes and transactions.
Renewable Fuels
A tailored energy trading marketplace is useful for managing auctions of non-renewable fuels like ethanol and renewable fuels.
Retail
The sector can use e-Marketplace for storing the supplier's information, bidding details, and automate bidding.
Telecom
Custom auction marketplace can offer automation in bidding process for major telecommunication companies.
Energy Auction Platform
Our real-time auction platform is useful for brokers, energy demand aggregators, and other stakeholders.
Construction & Home Building
A tailored platform for e-Auction enables realtors and contractors to arrange real-time bids and online payments.
Features it offers
Everything an e-auction marketplace needs
Procure Suite, a powerful custom auction procurement software, can cover the entire lifecycle of a tailored auction or e-marketplace by handling payments, workflows, and subscriptions.
Payment Integration
We integrate payment gateways to ensure hassle-free payment facility that eliminates paperwork and saves time.
Customizable Workflows
Our software is useful for managing complex workflows and meet the needs of e-marketplace effectively.
Multi-Vendor Marketplaces
You can select between available e-marketplace software or get a customized multi-vendor solution.
Transaction Fees
It gives an option to charge the buyer or supplier an auction transaction fee according to the final transaction amount.
E-Auctions
This feature enables buyers or suppliers to create the type of auction including forward auctions, reverse auctions, etc.
Subscription Fees
It is useful for managing subscription fee levied to access the marketplace. Users can set up it as a monthly or annual payment.
Private Events
Our solution is useful for creating and managing auctions for a selected group of suppliers who can bid on specific items.
Payment Facility
This feature enables marketplace administrator to collect subscription and transaction fees through credit cards.
Other key modules
Extend your auction toolkit
Custom auctions and marketplaces work better alongside reverse auction modules of Procure Suite.
Reverse Auction Software
Run live, transparent reverse auctions as part of your e auction software procurement stack: combine standard bidding events with your custom auction formats.
Explore moduleReady to gain the advantage of a custom auction platform?
Procure Suite is a leading custom auction procurement software that configures sourcing events and e-marketplaces as per your business requirements.
FAQs
Custom auction procurement software, answered
Custom auction procurement software lets you configure sourcing events and multi-vendor e-marketplaces around your own auction rules, workflows, and payment methods, instead of forcing your process into an off-the-shelf template.
Off-the-shelf platforms rarely match a unique auction format, lot structure, or vertical-specific rule set. Procure Suite's custom platform is built around your business, automating the approval, payment, and subscription steps a generic tool would leave manual.
You can configure forward auctions, reverse auctions, and other bidding formats, plus multi-vendor e-marketplaces, including private events limited to a selected group of suppliers.
Yes. You can charge buyers or suppliers a transaction fee based on the final sale amount, and set up monthly or annual subscription fees for marketplace access, with integrated payment gateways to collect both.
Verticals we support out of the box include hospitality & travel, healthcare, carbon credit (CER) trading, financial & insurance, renewable fuels, retail, telecom, energy auctions, and construction & home building, each configurable to that sector’s sourcing needs.
Procure Suite is designed for quick, hassle-free implementation with minimal disruption to your team, so your custom platform starts delivering value soon after a smooth transition: no long, disruptive rollout required.
Resources
View all articlesLatest insights on procurement
Guides and perspectives to help you buy smarter and lead procurement forward.
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