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.
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
A BETTER FASTER SIMPLER WAY TO CONDUCT STRATEGIC SOLICITATIONS
When bidders are not burdened with printing, packaging, and shipping documents; they can focus more on the bid and increase their competitiveness.
Comprehensive validation ensures your system has quality data, including automatic error checking of supplier responses prior to submission.
Easily respond to supplier questions submitted through the system. You have full control over who can see the questions and answers.
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.
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.
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.
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.
Track Key Procurement KPI's
Easily track important metrics like bid velocity, cost avoidance, vendor engagement, awards by diversity classification, and so much more.
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.
Quickly identify solicitations that are behind schedule, have low participation, or are getting stuck in certain stages of the bid process.
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.