Unlike a traditional (forward) auction where buyers bid on a product, in a reverse auction the buyers are in control as they offer bidders the opportunity to sell to them a product or service needed for their business. Prospective sellers bid against each other with the lowest price they would be willing to take for the product or service. Reverse auctions work just as well in the public sector as in the private sector. In addition, price does not have to be the buyer's only consideration. Buyers can compare suppliers' prices, experience, quality and reputation in making a purchasing decision. Reverse auctions can be also used by buyers to find vendors with whom they want to work in the future.

eAuctionmate by Xtenza Solutions is a web based auction management application that supports both forward and reverse auctions which may be open or closed. eAuctionmate is a collaborative application that can eliminate paper RFQ's and bid responses. Selected suppliers are automatically notified of an auction by email. Each supplier can use a web browser to submit their bid online which then flow automatically into your system. With an online auction, you can reduce costs, streamline supplier interactions and compress negotiation cycles when purchasing capital equipment, materials and services from vendors around the world. eAuctionmate is proven to increase cost savings, lessen purchase cycle times and improve operational and financial efficiencies..

Xtenza Solutions enables your purchasing team to easily create a new auction without any IT assistance, email the RFQ to selected suppliers, monitor the progress of all auctions in real time, electronically notify all bidders of the final selection and review the history of past auctions. Even after an auction has started, your staff can disqualify suppliers, extend the end time or cancel an auction. Included in this application are a range of innovative features which simplifies the management of on line auctions, making procurement easier and substantially quicker, saving you money.

• Create and manage forward or reverse, open or closed online auctions
• Automatically email auction invitations and RFQ alerts to selected suppliers
• Easily customize auction screens, forms and workflow rules
• Works with any web browser
• Interface with existing ERP or legacy systems from SAP and Oracle using intelligent connectors
• Deployable in a variety of environments: On-Demand via the internet, hosted by an ASP (Application Service Provider) or licensed and installed behind your company's firewall

• Suppliers can access only auctions to which you have been invited
• Multiple simultaneous auctions can be managed in real time
• Auctions can be extended, closed or cancelled at any time
• Suppliers can be disqualified during the auction period
• Provides a history of previous auctions
• Build complete, meaningful, and sophisticated Web-based reports reliably
• Access is secured through passwords and 128-bit SSL encryption for on-demand users.

• Easy to configure.
• Easy to combine with eProcuremate for a complete paperless purchasing system.
• Quick to implement - be up and running in a less than a week
• Support for legacy data integration and customization
• Easy to learn, accessible from any intelligent device with full browser capabilities
• Flexible payment terms - monthly, annual, one time license fee. With On-Demand implementations, pay only for the number of users you need with no long term obligations