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eAuction Software

Increase Supplier Competition & Savings

Deploy different negotiation strategies to increase supplier competition, gain competitive advantage, and remove time-consuming, error-prone individual negotiations when using Scanmarket’s eAuction software



Built to Be Used

Electronic auction software doesn't generate value unless it is adopted by its intended users.
With the user at the center of everything, Scanmarket by Unit4 provides advanced functionality purposely built for the end-user in an effortless experience. Secure fast and broad adoption with a high level of agility.
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Create Conditions for Better Deals

With expert support as our recipe for success, we provide process transparency in a seamless experience for both buyers and suppliers interacting with our electronic auctions software.
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Multiple Auction Types

Different auction strategies require different auction types. Utilize the different auction types including Japanese, Dutch, Reverse and Forward to achieve your specific goals.

Configurable Bidding Rules

Deploy numerous, configurable bidding rules to match the event to the situation including bid parameters, individual starting prices, blind.

Consulting Services

eRFx bids can be transferred into eAuction opening bids. There are additional flexible services that can help support your execution.


A Powerful eAuction Solution

Streamline your negotiation processes and reduce cycle times by 50%.
Negotiate with more prospective suppliers in a structured process that removes the need for time-consuming individual discussions. Scanmarket delivers negotiation and process transparency, making it easier to compare potential suppliers and ultimately reducing the final price.

An Auction Platform can help you transform a traditional 3-4 week negotiation process with 4 suppliers into a fast and dynamic negotiation completed within 1 hour. This means 20+ rounds completed with 10-20 suppliers. Truly efficient purchasing software for all involved stakeholders.

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Key eAuction Functionalities


    Drive down bids in the highly supplier competitive environment of an eAuction.


    Complete negotiations in an hour versus days or weeks. Enact even more efficiencies with pre-built eAuction templates for quick deployment, automated bid analysis, and automated reporting.


    Evaluate suppliers on best overall value and total cost of ownership rather than item price alone. Additional factors to be considered in the real-time bid calculation may be switching costs, delivery and payment terms, and product or service quality differentials.

    Market Transparency

    Understand the true market value of the products or services with comprehensive negotiations.

    Multiple Types

    • Manage assets with confidence across businesses, countries, and currencies with full control over capitalization, disposal and depreciation.
    • Use automation to reduce the time your people spend on admin tasks such as depreciation processing.
    • Integrate asset tracking with accounting, procurement and other financial functions for full financial control and visibility.

    Process Transparency

    Secure visibility throughout the Source-to-Contract process by focusing on data, not relationships. Minimize all conflicts of interest and eliminate the risk of fraud or bribery.

    Supplier Credibility

    Build sustainable and symbiotic relationships with suppliers through full process and selection transparency. Reduce opportunities for biased decision-making and treat all suppliers equally.

    Process Documentation

    Ensure transparency with full access to historic activities, strategy, decisions, and results with process automation.


    Reuse processes and templates to save time and standardize negotiations across the organization.

    Stakeholder Communication

    Increase internal stakeholder involvement with visibility to communication, documentation exchanges and historical activity from the shared repository.

    500+ Happy Customers

    Scanmarket’s software is built to make S2C management as simple as it should be.

    Associated British Foods
    Assa Abloy
    US bank
    Anglian Water
    Emirates Flight Catering
    Liberty Global
    Alfa Laval

    The Benefits of Using Scanmarket eAuction


    • Quickly determine the true market price

    • 13-17% average savings vs. current pricing

    • Streamlined negotiation processes reduce cycle times by 50%

    • Easy to use for bidders and stakeholders with no usernames/passwords required

    • Provide transparency and “apples-to-apples” comparison for bidding companies

    • 46% increase in reuse of standard templates

    • 2.4 - 2.7x more cost savings on spend sourced through eAuction tools

    Challenges Scanmarket eAuction Solves

    Inefficient manual processes

    Automate repetitive tasks, like sharing information with suppliers, evaluate bid and analyze data.

    Lack of communication

    Notify suppliers and stakeholders about the upcoming eAuction, train suppliers prior to the eAuction and communicate with suppliers during and after the eAuction.

    Risk of fraud or bribery

    Enable complete visibility to all steps and decisions in the S2C process by focusing on data, not relationships, removing all conflicts of interest and eliminating any risk of fraud or bribery.

    Time spent on preparation

    Set up and reuse standard templates.

    Unable to compare supplier bids

    Manage bids automatically and monitor the eAuction.



    Scanmarket is Loved and Trusted by Customers

    SotwareReviews asked real users what they thought about using Scanmarket and the value they received, here is what they had to say.
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    How Much Does Scanmarket Cost?

    Companies of every size and type, from medium-sized manufacturing businesses to enterprise-level service organizations have made the move to Scanmarket. Looking for a better way to run your source-to-contract processes but wondering about the cost?

    Users subscribe to Scanmarket for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.

    24/5 customer support is included with the Scanmarket platform license.

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      Data Sheet

      Download to gain more insights into eAuctions


      Customer Stories

      Spark ideas with success stories from Scanmarket customers:




      Emirates Flight Catering


      View our on-demand webinar, which delivers insights from Scanmarket and industry experts:

      How Integrating Automated Negotiations with eAuctions Can Drive Operational Optimization

      Watch Now

      Guides & Blogs

      Essential Learning

      Discover best practices and learn more about strategic sourcing:

      Whitepaper - Choosing the Right eAuction Format: Reverse, Dutch, or Japanese

      Book a demo

      Scanmarket's S2C Procurement software is built to be used.
      See for yourself how advanced technology can be as simple as it should be.

      Frequently Asked Questions

        What can you purchase using eAuction software?

        There are very few limitations when it comes to which products and services can be negotiated via e-auction tools. We recommend considering the areas below when evaluating if a category is suitable for use with auction software on your procurement efforts.

        • Spend - Is the contract's size significant enough to generate supplier interest and prompt competition through procurement bidding
        • Specification - For auction software to be effective, specifications should be clearly written and unambiguous. This ensures that the suppliers know what they are bidding for.
        • Suppliers - Are there enough suppliers in the marketplace to compete for a contract? The more suppliers you have, the more bids will be generated during the auction, and the better the savings you will achieve.
        • Supply - Is the market supply competitive and with surplus capacity?

        If you would like to know what others are auctioning when using strategic sourcing tools, check out our 2022 Global eAuction Index.

        How much efficiency can you gain in your contract negotiation?

        On average an electronic procurement auction runs for less than one hour, cutting out days or weeks from the traditional one-on-one negotiation cycle time. Copy and re-run e-auctions with prebuilt templates, and automate bid analysis and reporting.

        This process optimization also allows you to optimize the strengths and skills within your procurement team by automating administrative tasks and saving time with prebuilt templates, dashboards, and reports.

        Which auction types do you support on your procurement tool?

        Scanmarket supports the following eAuction types & templates:

        • Japanese
        • Dutch
        • List
        • Cherry Picking
        • CherryLot™

        It is important to have multiple auction types to choose from in order to design the best possible e-auction process.

        The most used type of e-auction by our customers is Reverse Auction. 80% of all the auctions we see are Reverse Auctions:  

        • 58% Cherry Picking Auctions
        • 16% List Auctions
        • 6% CherryLot Auctions 

        The remaining use of e-auction types are:  

        • 2.5% CherryDutch Auctions
        • 1.15% Japanese Auctions
        • 2.5% Forward Auctions

        Which type of support do you provide?

        We provide 24/5 Quick Call support for your internal users and suppliers.

        Quick Call support is not like your typical support desk. With Scanmarket, you have direct access to our global team of expert source-to-contract consultants who can resolve your issues rapidly. We often hear from our customers that Scanmarket's Quick Call support is the best in the industry.

        Quick Call support is available to customers, suppliers, and other stakeholders. 85% of Quick Calls are answered in less than a minute, and 95% are answered within five minutes.

        Request Quick Call

        Thank you. We will be in touch shortly.