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Forward And Reverse Auction Bidding Platform Business For Sale

JHB, Gauteng, South Africa
Asking Price:
R1.5M - R3M
Sales Revenue:
Not applicable
Cash Flow:
Under R100K

Despite the fact that digital technology has been transforming the way we live and work, manual processes still dominate procurement. Routine labour-intensive transactional activities, pricing negotiations, contract awards, and supplier performance monitoring consume time and attention. Procurement professionals also spend hours piecing together fragmented information flows from myriad transactions, a task technology could perform in seconds.

This business is a convergence of artificial intelligence (AI), advanced analytics, and other new technologies automating manual processes and empowering procurement professionals with the tools and information to get what they need. This empowers the enterprise.

The Platform is built using Open Source technologies with fast low code application development. The platform has extensive plug-in systems in the form of widgets. This provides seamless API Connectors to most Tier 1 ERP Solutions like SAP, Oracle, Microsoft and IBM. Our analytics capabilities help track core components so our customers know when to buy and sell, and the insights generated will not only help companies buy and sell smarter, they will help identify and shift resources to higher-value activities.

We provide a complete solution, including consultancy on top of our technology. Offering training, consulting, planning, and scheduling, we also help our customers all the way through to purchase and in running auctions, as well as integrating suppliers into the system. If you are looking for a SaaS (Software as a Service), PaaS (Platform as a Service) or an on-premise model, our solution has various options to meet your needs. Our flagship offering is AaaS (Auction as a Service). This offering provides a full turn key solution where the company will manage the auction from start to finish. This will include the engagement with approved suppliers, setup of the auction, training, testing and actual execution of the auction.

Our platform is fully Cloud enabled. The choice is yours. The likes of AWS, Microsoft or Google Cloud are suitable options. Furthermore, we could explore using datacenters like Tereaco or Afrihost, or even your own ISP/Hosting Partner.