ProcureDeck's Procurement Auction feature empowers corporate buyers to streamline sourcing by launching competitive
auctions for goods and services procurement.
Buyers can invite select suppliers from their own network or open bids
to all qualified vendors on the platform - driving better pricing, transparency and speed. Auctions are fully digital,
time-bound and audit-friendly, creating a modern sourcing experience for corporates and SMEs alike.
For finance providers, this capability opens a new window into upstream procurement activity. As corporates issue auctions and suppliers compete, you're positioned to observe intent-to-trade signals well before purchase orders or invoices are issued - a powerful advantage for proactive financing. Procurement auctions also accelerate supplier onboarding and engagement, drawing more SMEs into the platform through real demand - and increasing the volume and quality of financeable transactions.
Gain early visibility into upcoming procurement and trade activity.
Increase platform usage and transaction volume from both corporates and SMEs.
Access rich auction and bidding data to enhance credit models and decisioning.
Achieve better pricing and terms through transparent supplier competition.
Discover new, qualified suppliers beyond existing vendor lists.
Digitize and streamline the procurement process with auditable auctions.
Access more procurement opportunities from new and existing buyers.
Compete fairly in transparent, structured auctions.
Win business earlier and unlock potential financing based on awarded bids.
Give your clients the tools to source competitively and transparently - and gain early visibility into upcoming trade before financing is even requested.