Eliminate inefficiencies such as drawn-out negotiations, limited supplier engagement, and lack of insight into pricing trends. Designed to address critical aspects of enterprise sourcing, SourceBid offers advanced functionality to enhance your procurement.
Cut Costs Without Sacrificing Quality
Save up to 9.8% of procurement costs while speeding up supplier selection processes by 50%. SourceBid simplifies complex workflows and fosters competitive bidding to deliver unmatched efficiency.
Design live bidding events that align with your strategy, including Classical Reverse, Forward, Sealed, British, Dutch, Japanese, and custom e-auctions.
Set precise budgets and target prices per line item. Apply multiple price adders to uncover hidden costs and identify optimal prices through color-coded matrices.
Track auction history and quantify savings through visualization dashboards. Integrate with AI-powered Enigma tool for complex data analysis and reporting.
Strengthen Supplier Relationships
Build trust and collaboration with clear communication, transparent auction events, and instant updates. SourceBid keeps suppliers engaged and motivated to deliver their best.
Manage visibility of minimum and maximum offers or group subtotals during electronic auctions. Share ranking information to encourage suppliers to lower their prices.
Cherry pick and approve winning offers. Notify suppliers directly through the system and finalize contracts.
Data Safety & Integrity
SourceBid guarantees complete control over your auction data. Meet strict compliance standards, sync, and safeguard information critical for your organization.
Integrate our eAuction software with SAP, Oracle, Microsoft Dynamics, and other ERP systems through REST APIs for a cohesive workflow across all platforms.
Experience security and reliability of an on-premise deployment. Tailored to your infrastructure, SourceBid guarantees complete data safety and control.
Why SourceBid?
Built for Your Needs
SourceBid is designed to adapt. We offer customizations based on unique workflows.
Scalable for Growth
As your organization or needs grow, SourceBid scales with you without losing a beat.
Insights That Matter
Real-time analytics and AI insights empower you to refine strategies and act decisively.
Beat Essential Procurement Challenges
Drive measurable outcomes. Accelerate sourcing timelines. Make procurement a strategic driver with SourceBid.
