eAuctions unlock more negotiations in a fraction of the time

Stop wasting valuable business time going back and forth negotiating with your suppliers. eAuctions can be your new solution to get the most competitive price in the shortest amount of time.

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Pre-Qualify Your Suppliers

Make sure the suppliers you invite to the auction can meet your needs - using our RFx functionality

Supplier Rankings

Show suppliers where they rank in the eAuction to cultivate a competitive environment

Minimum Reduction

Control how much suppliers can reduce their bids by ensuring your eAuction remains competitive

Transparent Awarding Principles

Establish a clear commitment from the get go with awarding principles - give your suppliers faith in the process

Pre-Bids

Allow suppliers to submit pre-bids so you get a gauge of the range of opening offers

Auto-Extending Deadlines

You can account for last minute bids with auto-extensions - removing the risk for sniping

Trusted By Procurement Teams Across The Globe

Create a competitive environment

Alongside saving weeks of face to face negotiation time, eAuctions can also drive down your spend. In contrast to the traditional closed door negotiation process, eAuctions are transparent - suppliers are more willing to offer their best possible price as they can visibly see the level of bids their competitors are providing.

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Improve your supplier relationships

Running an eAuction isn't just beneficial for your business, but for your suppliers business as well. The process gives them market intelligence on where their competitors position themselves and how they fair in comparison.

This is priceless market insight that can be applied to their future strategy, which also strengthens your relationship with them by being the enabler of this information source.

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Built with eAuctions strategy at its core

Working in conjunction with Jacob Gorm Larsen, DeepStream's eAuction functionality has been built using industry gold standards. Our settings enable you to consider all aspects that are important to run a successful auction event, providing you with best practices in an easy to navigate user interface.

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Jacob Gorm Larsen
Author of "A Practical Guide to
E-Auctions For Procurement"

“DeepStream is already well known for setting the gold standard when it comes to usability for RFX solutions. Their clients will quickly achieve great results and cost savings with the eAuction module.”

Get Instant Access

Not looking to commit to a plan on a licensed basis? DeepStream also offers Instant Access, which is our ‘Pay as you Request’ plan, and - as the name suggests - allows your business to get verified and be provided with Instant Access to the platform to start creating and issuing sourcing events (and more) - with no fixed monthly fee.

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Pricing and Plans