Save 15-30% of your spend with reverse auctions

Schedule reverse auctions with your suppliers to achieve savings up to 30% on your expenditure. Reverse auctions enable your suppliers to compete in real time and you will end with the most competitive offer from each supplier.
eauction feature

Watch how to save up to 30% with reverse auctions?

Flexible and powerful auction settings

All reverse auction types are supported and with our intuitive interface, scheduling a reverse auction is done with ease - choose auction preferences and supplier feedback method and invite your suppliers to the live event.

Real-time chart to help you track the bids!

Sit and watch suppliers compete in real time, with a live chart to show the summary of bids and savings being achieved.

Detailed reporting & documentation

After the auction, you can easily export full detailed timeline of the auction with timestamped actions since the scheduling until the closure.

Realize Strong Savings from Your Strategic and Tail Spend

The fastest way negotiate with your suppliers
Up to 30% savings in each reverse auction
Easy to use for your suppliers and team

Leading companies use and trust Teradix!

The process is seamless and I was able to save more than 20% of my spend with RFx and Reverse Auctions. Very intuitive interface for our suppliers and overall impressive support!
Islam Abdel Maqsoud
Mohamed Essam
Procurement Manager
Sourcing is now automated & streamlined and we are able to get the best prices from our suppliers, thanks to Teradix's support team. They have an outstanding service!
Loai Rashad
Loai Rashad
Head of Supply Chain
Digitizing our sourcing process was alway a key milestone for our digital transformation journey, and with Teradix, we were able to monitor and manage the full cycle from PR to PO effectively.
Abdelaziz Badawy
Abdelaziz Badawy
Procurement Section Head
Teradix Customers

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Book a demo with our advisors and learn how Teradix can transform and digitize your procurement processes!