Transparency highlighting integrity
Bid transactions, buy or sell decisions, and auction results are documented, traceable and auditable.
It ensures the process is clear, competitive and transparent in the same way for all participants.
Allows Buy or Sell e-auctions. English, Dutch, Japanese, Yankee or Brazilian
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Improve the Organization, Management and Development of your suppliers according to its importance or other categories as services, operation services, products, supplies, etc..
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Requisition Workflow, Strategic Purchase Process, Bids, Evaluation and Selection of Suppliers.
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Purchasing Dashboard to quickly report on acquisition costs, savings improvements, improve monitoring of controls and compliance.
Real time e-Auction
Promena E-Auction allows buyers or suppliers to compete simultaneously, organizing the auction, purchase or electronic bidding process.
The auction environment encourages transparency and competition with the result that goods and services are offered at their current market value and never overpriced.
Promena E-auction achieves savings of between 7% and up to 20% of the originally quoted baseline price increasing operating income and EBIT by a similar percentage.
Promena USA: Our main objective is to reduce costs by improving efficiency and quality in Procurement.
Electronic auctions (reverse or forward) are strengthening both, the traditional buying or bidding for sourcing decisions as well as the traditional selling process. This concept has been designed to help companies and individuals in a buy or sell process to compete dynamically in real time, reducing costs and maximizing operating income.
With Promena, the e-auction is open for a restricted period of time decided by the auction organization. When open and published, invited participants may place bids for the requested good or service in real time without the use of paperwork.
Promena eAuction helps Government, Public and Private organizations by selling or buying common goods and services with a direct benefit to the organization issuing the auction.
The ascending auction will strengthen the income for the sale of products or services.
It allows showing the participants information about their competition (Leading, Ranking, Best offer, distance to the competitor above, etc). Participants review their own offers regarding that information in real-time electronically.
Electronic auctions allow you to receive responses simultaneously and instantaneously, reducing action cycle-time and labor of the purchasing or vendor professional.
In average, commonly reported income is between 15-30% using the process of Forward e-Auction
Allows buyers to search for competitive prices by inviting pre-qualified suppliers to participate in a dynamic online event in real time.
Electronic Auctions exploit technology to achieve real-time market prices, which generally results in significant savings for the purchasing organization.
In average, savings commonly reported in reverse e-auctions are between 7 and 20% strengthening the purchasing process.
Purchases or B2B Sales are done easily and without problems, anywhere, anytime and from any device.
Promena is Improved Transparency, Cost Reduction, Operation Income and the best: it is very easy to use.
Request for Information, Audit, Search, Compare and Buy supplies, products, raw materials and services within a single world-class platform.
Promena is Purchasing, it is Sales, it is eCommerce and it is Advanced e-Supply Chain.
Bid transactions, buy or sell decisions, and auction results are documented, traceable and auditable.
It ensures the process is clear, competitive and transparent in the same way for all participants.
The real "market price" becomes your target, by giving suppliers the opportunity to re-bid, providing the true market value of the product or service avoiding overpricing.
Promena strengthens the reduction of the acquisition cost and avoids personal arrangements between buyers and suppliers.
The purchasing acquisition cost is reduced, the income from the sale of products or services is increased while simultaneously supports the reduction of labor time for purchasing or sales professionals.
The forward auction increases the amount of the selling price while the reverse auction ensures that high purchase-prices or overpricing are avoided.
Strengthen your Reports and Analyze all procurement activities within the Spend-Analysis business intelligence platform on a single screen.
Strengthen a competitive, transparent and fair environment through the one of the six e-auctions types for Purchasing or Sales.
Manage your Request For Proposal (RFP), Request for Quote (RFQ) events on-line, in a state-of-the-art purchasing integrated system.
Gather up-to-date information about your suppliers and take actions over the risks and areas of improvement in your supply chain.
Standardize the sourcing and purchasing process, strengthen process automation and reduce bid-to-pay cycle times.
Work-Flow Approval Process Automation. Automate the approval or reject work-processes, reduce workload and save processing time.
Streamline your procurement processes, improve risk management, detect overpricing instantly, reduce labor, get greater visibility and control over your purchasing operations.
Why Promena? Contact us
