Vendor Management System / Auction
Our Auction functionality offers a comprehensive suite of features to streamline bidding processes effectively.
Comprehensive Bidder Registration
Streamlined registration process that ensures thorough verification of credentials and qualifications.
Future-Dated Bids
Scheduled Start & End date.
Comprehensive Bidder
Registration
Streamlined process including verification of credentials and qualifications.
Future-Dated
Bids
Scheduled Start & End date.
Starting Bid and Reserve Price
Define starting bids and reserve prices for auctions.
Dynamic Bidding System
Automatic extensions based on Predefined parameters.
Starting Bid and
Reserve Price
Define starting bids and reserve prices for auctions.
Dynamic Bidding
System
Automatic extensions based on Predefined parameters.
Insightful Analytics
Detailed reports on bidding activity, bid history & auction performance.
Customizable Parameters
Highly customizable forms, Workflows & Notifications.
Insightful
Analytics
Detailed reports on bidding activity, bid history & auction performance.
Customizable
Parameters
Highly customizable forms, Workflows & Notification.
Personalized Notifications and Emails
Set notifications & emails for bidding milestones & auction updates.
Document Management
Upload & manage auction-related documents securely.
Personalized Notifications and
Emails
Set notifications & emails for bidding milestones & auction updates.
Document
Management
Upload & manage auction-related documents securely.
Contact Us for a Demo
Our Auction System is configurable, AI-powered, and includes all the features of the IENT Vendor Management System >
Trusted by
Fortune 500 Companies
Your business is safe with us
IENT proudly upholds compliance with esteemed certifications, ensuring our commitment to excellence in data protection, quality management, and security standards
GDPR
Compliant
ISO 9001
ISO 27001
ISO 27034
ISO 12207
ISO 22301
ISO 20000
TISAX
Compliant
Powerful Features for Reverse & Forward Auctions
At IENT, we combine advanced technology with simplicity to help you achieve operational excellence.
Effortless End-to-End Auctions, from Setup to Awarding
Quick Auction Setup in just few Clicks
Launch fully configured Auctions in minutes. Add Bidders, define parameters and go live effortlessly.
Get Real-Time Tracking during Auctions
Monitor live bidding activity & supplier engagement with dynamic dashboards, ensuring you stay informed & in control.
Shortlist & Award Bidders with Confidence
Shortlist Bidders & award bids with complete transparency & precision, reducing errors and boosting trust.
Set Precise Requirements with Line Item & Bid Management
Detailed Line Items for both Material & Service
Break down your auction scope with precise entries, enabling clearer bids & better Bidder responses.
Set Starting & Reserve Prices with Full Control
Define precise opening bids & minimum acceptable prices to keep every auction strategically aligned.
Set Bid Increments & Control Bidding Thresholds
Customize bid increments & thresholds to manage auction flow, enhance competition, and optimize results.
Flexible Controls for any Record to Fit Every Auction Strategy
Set Flexible Auction Extension Policies for each Auction
Stay aligned at every stage by messaging Bidders, resolving queries, all without leaving the platform.
Hide Bids, Display Ranks, & Shift Auction Timings with Ease
Adjust start or end times mid-auction and manage how bid values & ranks are displayed.
Flexible Bidder Configuration Tailored to Your Needs
Anonymize participants, control who participates, and manage how they respond.
Ensure compliance with comprehensive analytics through detailed performance metrics & audit-ready reports for governance and accountability.
Stay connected on the go with Full mobile compatibility that lets you track bids, respond instantly, & never miss a critical auction action.
