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The report found that eRFx, Auction Management, eAuction Functionality, Workflow Management, and Contract Management were some of Scanmarket's strongest capabilities resulting in a 100% Plan to Renew reported by users.
As 2023 came to a close, we observed another robust quarter wrapping up.
Q4 concluded with a savings rate of 10.02%, marking the fourth consecutive quarter in 2023 with over 10% average savings through the use of eAuctions across all categories.
Yet another strong quarter of eAuction savings has been delivered in Q3. The average savings across all categories reached 10.42%, coming from 11.32% in Q2. As 2023 comes to a close with only one quarter left, savings thus far are trending toward another record year.