Procurement auction bidding software for instant reverse and forward auctions

Online auction bidding software powered with 45+ auction strategies for procurement teams to run fast and compliant auctions with suppliers.

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Procurement auction bidding to drive impact. Quantified

From cutting cycle time to managing massive spend, our numbers show what modern procurement should look like.

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$0B+

Spend Managed

$0B+

Savings Generated

0K+

Suppliers Registered Globally

0K+

Hours Saved

Auction software for faster negotiations and higher savings

Reverse auction software to run reverse auctions, manage negotiations and drive savings from a single, intuitive platform.

Single-click to set up auctions

Create and run online auctions with our live bidding auction software instantly. Convert RFQs into live auctions and increase vendor participation with mobile application for competitive and compliant bidding

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45+ auction strategies

Leverage 45+ auction strategies for more effective bidding and better savings. Advanced auction types like English, Dutch, Rank-based to dive more competition within your vendor base.

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Instant counter offers

An online auction application that lets suppliers track their rank and submit smart counter-offers right from the mobile app, encouraging real-time competition and unlocking greater savings.

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Right insights for quick decisions

Get a comprehensive view of bidding trends, pricing dynamics, and potential savings. Compare vendors in real time and award the best-fit supplier or suppliers with confidence.

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See how modern procurement leaders are driving cost savings with modern auction bidding software

Listen to what our customers say

Procol has become a way of life for everyone at Havells. The way they transformed our CapEx procurement from a cumbersome manual process to a streamlined, efficient, and transparent digital operation is phenomenal. It’s only a matter of time before every company uses this tool.

Naveen Nanda

Senior GM Procurement, Havells

1 Month

Implementation time

500+

Event auction conducted

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With Procol, a lot changed—all in a positive way. We reduced PR to PO time by 30-40% and traded over 700 crores on the platform. The UI is excellent—simple, intuitive, and easy to adapt, unlike other legacy platforms. Procol provides a single platform where everything is recorded, transparent, and easily accessible, which is crucial for our audits.

Rahul Wadhwa

Head of Strategic Sourcing, Signature Global

40%

Reduction in PR to PO time

15%

Cost saving

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With Procol, a lot changed—all in a positive way. We reduced PR to PO time by 30-40% and traded over 700 crores on the platform. The UI is excellent—simple, intuitive, and easy to adapt, unlike other legacy platforms. Procol provides a single platform where everything is recorded, transparent, and easily accessible, which is crucial for our audits.

Rohan Ghosh

Strategic Sourcing Manager, Emami Ltd.

50%

Turnaround time reduction

10%

Cost saving

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The implementation of Procol has really benefited us in terms of time, money, and transparency. We now have a robust system that not only meets our current needs but also provides valuable insights for future requirements.

Elango Srinivasan

Chief Financial Officer, India Nippon Electricals Limited

4 Weeks

Implementation Titme

360°

Compliance visiblity

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The purchasing process at Pulcra Chemicals has been transformed by Procol. The implementation was completed within one month, leading to improved efficiency and transparency. Over 1,000 sourcing events have been successfully executed, reducing the team’s workload and positioning the company for cost savings

Umasankar Mahapatra

Managing Director, Pulcra Chemicals

1 Month

Implementation Titme

1000+

Events conducted successfully

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Reverse auction bidding app built with suppliers in mind

Supplier-first, easy-to-use, mobile application for suppliers to participate in RFQs, auctions, send counter-offers, or collaborate with buyers in real-time.