Trusted globally by top procurement teams
PROFI
"Prokuria was easy to implement and use by both our procurement team and our vendors. The software helps us to successfully bring our suppliers online for requests and reverse auctions.
We also truly appreciate the support we are getting from Prokuria's team, always agile and responsive to our needs."
Mirela Moale
Indirect Procurement Manager
Benefits of using Reverse Auctions
Cost Optimization
Suppliers compete in real time, naturally driving prices down without aggressive negotiation.
01
Process Efficiency
Compress weeks of procurement processes into hours, freeing your team for strategic work.
02
Full Transparency
Participants see bids unfold live, creating trust through optional lowest bid visibility.
03
Supplier Discovery
Discover new vendors while strengthening existing partnerships through systematic engagement monitoring.
04
Features of our Reverse Auctions software
Multiple Auction Formats
Our platform offers British Reverse, Dutch, and Multiple Factor Auctions to suit various procurement needs.
​
-
British format reveals competitive standings to encourage more aggressive supplier pricing
-
Dutch format optimizes upfront savings with efficient first-open bid processes
-
Multiple Factor Auction capabilities evaluate bids beyond price to include quality and delivery
Customizable Competition Settings
Configure your auction environment with controls for visibility, bidding parameters, and information capture.
​
-
Show or hide supplier rankings and best bids to strategically control competitive dynamics
-
Set bid increase limits and cool-down periods to manage last-minute bidding behavior
-
Create custom data input fields to capture additional supplier information beyond standard metrics
Dynamic Allocation System
Adjust quantities in real time as market conditions change throughout the auction process.
​
-
Trigger-based allocation with customizable response rules for evolving supplier offers
-
Competition-driven distribution mechanisms that maximize value from all participating bidders
-
Efficient comparison tools that simplify complex evaluations across multiple supplier proposals
Supplier-Friendly Interface
Our intuitive platform requires minimal training for both procurement teams and suppliers.
​
-
No account setup or passwords required for supplier participation in auction events
-
Streamlined bid submission process with clear visual indicators of competitive position
-
Compatible with existing supplier processes to ensure smooth adoption and implementation
Performance Analytics
Transform auction data into actionable insights to improve future procurement strategies.
​
-
Event performance dashboards highlight savings achieved against target benchmarks
-
Supplier performance tracking identifies reliable partners for strategic relationships
-
Market trend analysis reveals optimal timing for different categories of purchases
Bring agility and automation
to your procurement flow
Powerful Integrations
Easily connect your procurement cloud with all of your essential tools and systems
Smart Alerts & Reminders
Build rules for sending and receiving email alerts and reminders to never miss a deadline
Internal Collaboration
Streamline your work, align stakeholders and empower your team to work together
Robust Logs
Maintain detailed logs for every step of the process and interactions with suppliers for accountability and audit
No-Code Widgets
Configure and extend the platform to match your process with rapidity and flexibility
AI Agents (COMING SOON)
Supercharge your process with AI agents that can automate tedious tasks and simplify your data
