EnavAuction

EnavAuction, developed by Enaviya Information Technology Pvt. Ltd., is an online auction management software designed to meet the needs of procurement managers, purchase managers, scrap managers, supply chain managers, and retailers. According to the vendor, this software provides users with complete control over live auctions, enabling them to invite vendors worldwide, manage bidding processes, and make informed decisions. With its configurable bid views, data import/export capability, and security features, EnavAuction aims to be a valuable solution for businesses of various sizes in different industries.

Key Features

Bid management control: According to the vendor, purchase managers can exercise complete control over live auctions using EnavAuction. They have the ability to pause, resume, and cancel auctions, as well as address vendor or system issues that may arise during the auction. The software also allows for the removal of fraudulent or suspicious bids.

Auction structuring: EnavAuction enables purchase and scrap managers to invite vendors from around the world to participate in auctions. The software supports cascading of biddings and different end times for dependent auctions. Additionally, it provides a small window for overtime, allowing bidders to respond to the latest bid after the closing time.

Configurable bid views and reports: The purchase and selling team can view bids in real-time and utilize graphical displays to rank vendors and aid in decision-making, according to the vendor. EnavAuction also offers features to document the proceedings, ensuring transparency and accountability.

Data import/export capability: EnavAuction allows users to import and export data from the auction tool, providing offline access. The software supports the import of order confirmation, vendor details, order value, and other transaction data, aiming to enhance speed, accuracy, consistency, and security.

Security features: According to the vendor, EnavAuction provides security features to protect the confidentiality of the auction process. Users can limit the information visible to bidders and monitor bidder actions. The software also allows for the instant blocking of mal-operations.