Velocious - Reverse Auctions
Streamline Your Business with Automated Auctions by Velocious Reverse Auctions.
Whether you’re a small, medium, or large business, Velocious Reverse Auction caters to the needs of all who seek a secure, customizable solution for procurement needs. Our platform is secure, reliable, and incredibly user-friendly.
Velocious Reverse Auctions takes the hassle out of your price discovery process by offering an efficient and cost-effective solution. Our platform provides unparalleled ease of use, which means you can create and consume reverse auctions on the go with zero implementation costs.
Our intelligent bidding system emphasizes seamless configuration. Role-specific views within our platform also allow users to assign specific roles to creators, publishers, moderators, and approvers, ensuring that auctions are managed effectively.
During each auction, our platform allows for instant messaging between buyers and moderators, which removes any significant risk of misinterpretation or miscommunication during the bidding process. Our comprehensive evaluation and approval process fosters accuracy and transparency throughout the entire auction, as well as efficient execution.
At Velocious Reverse Auctions, we believe in delivering top-quality services, which is why we offer proactive alerts and notifications to ensure that all buyers remain up to date with the status of the auction. Should any issues arise, our platform provides a robust and reliable solution.
With Velocious Supplier Relationship management reverse auction, enterprises can create, conduct and report on auctions with ease.
With Velocious supplier relationship management reverse auction feature, easily qualify and invite suppliers to take part in the auction and increase competitiveness of the event.
Buyer can run multiple schedule auctions by setting up rules, qualifying and adding participants, uploading auction documents etc.
Easily check, review, publish auctions and send automated notifications to suppliers.
Suppliers can easily track upcoming auctions, participate in live auctions, bid for selected items, download bid history details and see the auction results through the portal.
The solution facilitates enhanced visibility into the auction, providing evaluation list with bidding details etc. The buyer can shortlist suppliers and add recommendation comments, upload attachments etc.
With comprehensive reports and dashboards, track and monitor pending/published auctions, view auctions pending for evaluation, details on awarded auctions etc.
Faster Bidding Process
Complete your biddings faster and negotiate the best value in a shorter period of time unlike an RFx which can go on for weeks.
Bring transparency to your process and your suppliers through e-auctions and allow businesses to compete on a level field, decide on the bidder to go forward with announce contract awardee.
Easily invite qualified suppliers and monitor the auction event seamlessly and gain greater control on the auction process with numerous advanced features.
FROM THE KNOWLEDGEBASE
Avaali’s Velocious SRM – Reverse Auctions
THE AVAALI ADVANTAGES
Avaali is uniquely positioned to deliver this Velocious Supplier Relationship Management as we have experience of working with over 100+ large enterprises to automate various shared service and procurement processes. Our functional knowledge coupled with deep technical expertise in various emerging technologies has been incorporated into this product. With our rich functional understanding and numerous experiences, our solution offers a very practical and cost-effective way of engaging with suppliers.