Introducing SourceBid: Advanced eAuction Software
Source suppliers strategically and save up to 9.8% of procurement costs.
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Solutions
Purchase Requests
Create internal purchase requests for your organization.
Purchase Orders
Send purchase orders to your supplier network.
Approvals
Create custom approval workflows across your teams.
Supplier Management
Manage all your suppliers in a single platform.
RFQs
Create bidding events and save costs.
Inventory Management
Keep track of all your inventory items and warehouses.
Budgeting
Track your spending with budget allocations.
Spend Analysis
Analyze your spending by project and department.
Integrations
QuickBooks
Connect with your existing apps.
Enigma
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SourceBid: Advanced eAuction Software
Streamline strategic negotiations and maximize cost savings.
Industries
Construction
Food Service
Technology
Education
Nonprofit
Healthcare
Automotive
Manufacturing
Resources
Resources
Procurement Blog
Explore procurement trends and best practices.
Tour Product
Learn how to use Team Procure Cloud
Company
About Us
Learn about our company
Contact Us
Connect with our Team
Terms of Service
Read our user agreement
Articles
AI in Procurement: Exploring the Role, Benefits, and Challenges
Can AI deliver real value to your procurement & sourcing? Read the article to discover how.
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Procurement Automation: Trends in 2025 and Beyond
Explore how automation can advance procurement efficiency and maturity.
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Pricing
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Free Trial
RFQ for Smart eSourcing
Turn every negotiation into a win-win using e-sourcing tools. Create RFQs in minutes, compare prices, and make informed purchasing decisions.
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Key Features
Secure the Best Deals
Simplify supplier quoting and generate tangible value with e-sourcing tools.
Invite Suppliers
Invite multiple suppliers to submit their proposals for the products and services you you need.
Leverage automation to move fast
Always give customers a human to chat to
Automate customer support and close leads faster
View Interactive Demo
Scheduled Events
Schedule your bidding events to avoid the last minute rush. Ensure increased supplier participation and get notified when bids are placed.
Keep your customers in the loop with live chat
Embed help articles right on your website
Customers never have to leave the page to find an answer
View Interactive Demo
Bid Evaluation
Compare offers from multiple vendors through evaluation matrix. Automatically filter by the best prices or make custom selections.
Filter, export, and drilldown on the data quickly
Save, schedule, and automate reports to your inbox
Connect the tools you already use with 100+ integrations
View Interactive Demo
Effective eSourcing
Save Money with RFQs
Partner with vendors who offer the best value for your business.
Project Specifications
Send custom specifications based on your exact needs.
Approval Workflow
Send RFQs for approval and get final review.
Click to Order
Convert your RFQ to a purchase order in just a few clicks.
eSourcing Tools
Frequently Asked Questions
How many suppliers can I add to a single RFQ?
You can add as many suppliers as you need.
Can I schedule my RFQ to run at a later date?
Yes. You can setup all the requirements for your RFQ and schedule it to run at a later date.
Can I mix and match items across multiple suppliers?
Yes. Our pricing matrix allows you to easily select the items you need from multiple suppliers.
Can I update an RFQ manually?
Yes. For example, you can manually enter the bid from a supplier.
Transform Your Procurement Process
14-Day Free Trial
Free Onboarding Support
No Long-Term Contracts
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