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Indian Fortune 500 Companies have one thing in common when it comes to Reverse Auction (RA)

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Total Spend Management Solutions:• Spend Analysis• Category Management• eSourcing

• eTendering• eRFQ• eRFP/RFI• Reverse Auction• Forward Auction

• eProcurement• Contract Management• Supplier Management

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About Us:

A profit making Co. promoted by eProcurement pioneers

India’s First ISO 27001 Co. in spend management domain

Powered by a dedicated team of 300 employees & partners

Preferred Spend mgt. partner of India’s fortune 500 Companies

Pan India Network with Head Office in Ahmedabad, India

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We annually enable Spend in excess of Rs.10,000+ Cr for Govt. & Pvt. Cos.

Our Solutions are built using Free & Open Source software for lower TCO

We offer complete Spend Mgt. tools integrated with ERP & other systems

We comply to IT ACT 2000, CVC, PWD, MDB, World Bank & other guidelines

Our Global support desk offers 24*7 customer support, 365 days

Competitive Advantages

Service offered on SAS Model i.e. Pay/Event Fixed Fee/Yr or Software License Sale

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Our Customers >

Few of our Corporate Customers : ICICI Bank Limited (entire Group) Essar Group Gujarat Gas Limited Cadilla Healthcare Limited Sterlite Technologies Limited Delhi International Airport Limited Acme Tele Power Limited Noida Power Corporation Limited Motherson Sumi Systems Ltd. Maruti Suzuki India Ltd.

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few more Customers >>

Some of our Indian PSU Customers: Bharat Heavy Electrical Limited State Bank of India Union Bank of India Bank of Baroda Kudremukh Iron Ore Company Limited Hindustan Newsprint Limited Mazagon Dockyard Limited Container Corporation of India Limited Bharat Petroleum Corporation Limited Indian Oil Corporation Limited Bank of India

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Reverse Auction (Concept)

Let’s take an example where you intend to buy 10 Wind Turbines & your estimated costs is Rs.300 Mn and for the same you have short listed 4 Bidders.

Let’s keep the auction times as 1 Hour with extention of 5 Minutes, if bids comes in last 5 minutes and decrement value of Rs. 1 Lakh

Decrement Rs. 1 LacStart Price Rs. 300 Lac

Current Rank StatusBidders Last Bid

- NA - - NA -No Bid

- NA - - NA -No Bid

- NA - - NA -No Bid

- NA - - NA -No Bid

Savings -NA - Time Left 60.00 Min

Round0

L1 ReceivedRs. 299 Lac

Rs. 1 Lac 50.00 Min

Round1

L 2Rs. 299 Lac Received

L 1 ReceivedRs. 290 Lac

Rs. 10 Lac 30.00 Min

Round2

L 3 ReceivedRs. 299 Lac

L 2 ReceivedRs. 290 Lac

L 1 ReceivedRs.280 Lac

Rs. 20 Lac 1.00 Min

Round3

Bid has come in Last 1 min, will be extended by 5 Min

L 1 ReceivedRs. 275 Lac

L 3 ReceivedRs. 290 Lac

L 2 ReceivedRs.280 Lac

Rs. 25 Lac 4.00 Min

Round4

Bid has come in Last 1 min, will be extended by 5 Min

L 1 AwardedRs. 275 Lac

L 3 ReceivedRs. 290 Lac

L 2 ReceivedRs.280 Lac

Rs. 25 Lac 0.00 Min

Round5

No Bid received in last 5 min, Auction closed & awarded

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User Management, Roles & Rights Management, Work Flow Module

RFP Module

DashboardMarket Making

RA Engine

Form Manager

Security, CMS, Notification

RFQ ModuleRA Configuration

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Reverse A

uction Engine

Standard Auction

Rank Auction

Preferential Auction

Transformational Auction

Floor Price Auction

Dutch Auction

Index Auction

Clock Auction

RA

Varia

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Open# 1 Auction accessibility Closed

Single# 2 Currency options Multiple

Standalone# 3 Auction staging Serial

Manual# 4 Bid submission options Auto / Proxy

Defined# 5 Start price setting As per 1st Bid

# 6 Bidder mapping options For Line item

PKI Version# 7 Security Options Non PKI Vr.

Allowed# 8 Top Bidders Compete Not Allowed

For an Event

RA Engine Features

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One# 9 Line items/Event Multiple

For event# 10 Bidders Mapping For line item

An event# 11 Closing date can be for Line item

Fixed# 12 Extension allowed Variable

Fixed# 13 Decrement Value Variable

# 14 Decrement can be in As % of Bid

Min. or more # 15 Decrement should be Min. or multiple

Masked# 16 Bidder Name to be Unmasked

As Value

more RA Engine features

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# 1 Dedicated micro website for conducting auctions

# 2 Ability to Block errant bidders from Bidding

# 3 View Live & Offline Bidders during an auction

# 4 Ability to reject bid, to save event from being scrapped

# 5 Ability to flash a message to bidders during live event

# 6 Ability to Pause / cancel an Live event

# 7 Clock showing Current, Lapsed & Left date & time

# 8 Easy to use Graphical User Interface

even more RA features

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# 1 L1, L2, … chart showing last bids of all bidders

# 2 Bid history of all bidders with date & time

# 3 Audit trail report tracking each & every activity

# 4 Details of Bidders along with his contact details

# 5 Auction Summary & Details post auction

# 6 Bidders Login Report & current status (online/offline)

# 7 Graphical representation of auction Progress

# 8 Till date report of Auction Conducted, Savings, etc.

RA MIS Reports

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Existing Manual Process

# 1 Need based procurement

# 2 Closed Group Procurement

# 3 One 2 One Negotiation

# 4 Fewer, Local Suppliers

# 5 Expensive Process

# 6 Prone to manipulation, errors

# 7 Purchase Manger Friendly

Manual Negotiation vs Reverse Auction

Reverse Auction

Strategic Procurement

Open & Transparent Process

One to One Competition

More, Global Suppliers

Process that guarantees ROI

Accurate & Trusted process

Suppliers & Stakeholders Love it

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We enable more RA in India than any of our competitor in terms of Value, etc.

Single RA valuing Rs.380 Crore/ 3.8 Bn successfully enabled for BHEL

Single Event comprising of 67 Vendors & 10 Line items enabled successfully

Global RA supporting 5 different Currencies successfully completed

Single Event lasted for more than 14 Hours, which was planned for just 1 hr

Average saving has been in range of 5 – 20% depending on product auctioned

Our Achievements