Real-Time Reverse Auction
Reduce procurement costs with real competition among suppliers. Descending bids, full transparency, and measurable savings from the first round.
Auction #RA-2026-0147
Office Supplies — Q1 Batch
Time remaining
18.2%
Current savings
$41,500
Best bid
24
Total bids
| Supplier | Best Bid | Rank | Status |
|---|---|---|---|
| ABC Supplies | $41,500 | 1st | Leading |
| XYZ Distribution | $43,200 | 2nd | Active |
| MNO Commercial | $44,800 | 3rd | Active |
Companies that Trust Egixia
Email negotiations? The hidden cost
Manual quotation rounds via email create inefficiencies that translate into overspending.
Endless email rounds
Each quotation round takes days. Suppliers don't compete against each other and prices drop slowly.
No market visibility
You don't know if the price you receive is competitive. Without real-time benchmarks, negotiating is guessing.
Non-auditable processes
No bid records or traceability. Any award can be questioned.
Real competition. Real savings.
Egixia's reverse auction turns static quotes into dynamic competition among suppliers.
AI Document Extraction
Import quotations from Excel, PDF, or web services. AI extracts prices, items, and conditions automatically.
AI-Assisted Setup
Define rules, duration, automatic extensions, and award criteria in minutes.
Live Auction Console
Suppliers bid in real time. View ranking, accumulated savings, and each participant's activity.
Results & Award
Compare all bids, analyze total savings, and award with one click. Everything is recorded.
Experience a personalized AI-powered reverse auction
Customize your scenario
Select your profile to generate a tailored auction
Procure-to-Pay Flow
Reverse Auction within the complete cycle
Supercharge auctions with AI Agents
Complement this solution with artificial intelligence agents that automate tasks, analyze data, and generate measurable savings. Available as standalone subscriptions.
FAQ
Unlock savings with real competition
Set up your first reverse auction in minutes and verify savings from the first round.
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