Electronic Bidding Software

Conduct fully electronic solicitations faster

Conduct more strategic solicitations while saving time, boosting engagement, and simplifying cross-departmental collaboration. Our user-friendly sourcing tools provide procurement teams with advanced automations and insights helping them clearly identify the best decision in less time.

electronic bidding platform
electronic bidding software

Solicitations don't need to be difficult

Without the proper tools, you will likely find yourself frustrated and overwhelmed with your current bid project management process.

You can continue to battle these issues...

Or you can UNLEASH your potential

Here's how

electronic bidding process

A BETTER FASTER SIMPLER WAY TO CONDUCT STRATEGIC SOLICITATIONS

Improve Competition

When bidders are not burdened with printing, packaging, and shipping documents; they can focus more on the bid and increase their competitiveness.

Reduce Errors

Comprehensive validation ensures your system has quality data, including automatic error checking of supplier responses prior to submission.

Streamline Collaboration

Easily respond to supplier questions submitted through the system. You have full control over who can see the questions and answers.

Increase Visibility

Leverage your procurement analytics to maximize savings, improve vendor satisfaction, and make better sourcing decisions.

Create the perfect bid, rfp, or other solicitation

Easily build complex solicitations leveraging templates, libraries, and data importing features. Clients maintain control of solicitation terminology such as solicitation types, naming conventions, and security settings.

bidding templates
electronic bidding notifications

Easily Target and notify suppliers of relevant bids

Built-in outreach tools offer a multitude of options to communicate solicitation information using commodities, categories, diversity, and geographical area. Invitations to bid are immediately distributed to relevant suppliers.

Track vendor engagement

Gain full visibility into your suppliers’ activities throughout your procurement process with our real time vendor tracking features. Monitor suppliers as they open your emails, make progress on their RFP response, or submit their proposal. Dive deeper with our Audit History functionality that provides a detailed timeline of the users’ actions.

RFP activity
rfp response progress tracking
rfp references
rfp response error checker

Prevent incomplete bids & other solicitation errors

Our bid management software has built-in error checking to ensure that all bids and RFPs are completed without errors. Configurable fields allow you to easily establish response expectations (text, drop-down, percentage, etc.) normalizing information for an apples-to-apples comparison. Bid responses are scanned for possible errors with instructions on how to correct the error, thus improving supplier performance.

Tabulate & compare solicitation responses instantly

Once unsealed, solicitation information is automatically grouped and sorted for you. When the lowest price is the deciding factor, you will be able to clearly determine the winning bid in a matter of seconds. For more complex proposals, where best value is the deciding factor, you will be able to quickly determine what suppliers are best qualified to provide you with the goods and services you need.

Awarding an electronic bid

RUN VARIOUS AWARD SCENARIOS

Online bidding makes it easy to compare bid proposals and run a variety of award scenarios. Our electronic bidding platform can easily identify the lowest overall bid, lowest line item price, and so much more. Streamline the award process by running any of the following scenarios:

Gain Insight into your sourcing data

Being a data-driven solution, our electronic bidding system is packed with actionable analytics. Leveraging data analytics helps ensure that you are making the best sourcing decisions possible and provides confidence in the choices you make. The sourcing data is neatly compiled into easy-to-read reports that can quickly be exported and distributed to key stakeholders.

sourcing KPI
Strategic sourcing KPI

Track Key Procurement KPI's

Easily track important metrics like bid velocity, cost avoidance, vendor engagement, awards by diversity classification, and so much more.

Maximize Competition

Invite all relevant suppliers to participate in your bids based on a variety of options such as commodity codes, relevant keywords, custom vendor lists, and so much more. Automatic reminder emails are sent to boost supplier engagement.

Eliminate Bottlenecks

Quickly identify solicitations that are behind schedule, have low participation, or are getting stuck in certain stages of the bid process.

Competition Commitment

Since day one we have understood the negative impact of charging vendors unnecessary fees to participate in solicitations. Doing so can significantly limits competition by introducing pointless barriers to supplier engagement. That is why we are proud of and committed to offering these services without charging vendors.

electronic bidding platform

POWERFUL TOGETHER AND SEPARATELY

Packed with powerful esourcing tools, Ion Wave’s electronic bidding software makes it easy for procurement teams to get the most out of their purchasing. Choose from our suite of products to build the perfect sourcing solution for your team. 

supplier management software & vendor management software

SUPPLIER MANAGEMENT

SUPPLIER MANAGEMENT

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Electronic Bidding Software & RFP software

ELECTRONIC BIDDING

ELECTRONIC BIDDING

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RFP Evaluation software with software evaluation tools

BID EVALUATION & SCORING

BID EVALUATION & SCORING

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contract management for sourcing

CONTRACT MANAGEMENT

CONTRACT MANAGEMENT

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reverse auction software

REVERSE AUCTION

REVERSE AUCTION

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IWT Single Sign-On (SSO)

SINGLE SIGN-ON

SINGLE SIGN-ON

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Man using strategic sourcing software

Ready to simplify your eBidding?

Frequently Asked Questions

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