Auction Software Features

Absentee Bidding

A tool that allows bidders to bid on an upcoming auction item prior to the beginning of the auction

Alerts/Notifications

Alerts/notifications within the system

Bid Management

Share bid details, archive bids, and create bid requests to assist in bid solicitation and quote comparison

Billing & Invoicing

Create and manage monetary interactions between parties (i.e. bills and invoices)

Buy Now Option

In addition to the traditional bidding process in an auction, add the option for bidders to buy the item immediately

Inventory Management

Track and manage the quantity of resources on hand to maintain proper supply

Live Auction

An auction that takes place in real time in front of a group of bidders

Membership Management

Database of members to track personal information of individuals and families

Online Auction

Host, facilitate and manage a virtual auction online in which participants and members can buy, sell or bid items

Online Bidding

Allows for auction participants and potential buyers to bid for items virtually from anywhere

Proxy Bidding

Bidders set a maximum price they¿d pay for an item and bids are placed in small increments until that price or until the item is sold

Reverse Bidding

Sellers bid for the prices of which they are willing to sell their items

Silent Auction

An auction in which bidders write down their bids on a sheet of paper

Watch List

Allows participants to watch, see and track activity related to an item or bid

Website Management

Website builder or integration with 3rd party site

Related to Auction Software