Overview

Medius eAuction is a comprehensive software solution designed to streamline and digitize the tendering process, from pre-qualification questionnaires (PQQs) to awarding contracts. This software provides a structured and efficient approach to managing tenders, ensuring better oversight of supplier bids and facilitating effective vendor selection. By leveraging Medius eAuction, businesses can achieve significant cost savings, improve visibility, and enhance the overall efficiency of their tendering processes.

Features

• Automated Tender Management: Medius eAuction fully automates the tender management process, including the creation of Invitations to Tender (ITTs), PQQs, and Requests for Quotation (RFQs). This feature ensures that all tender-related activities are streamlined and managed efficiently.
• Bid Evaluation: Use set criteria to automatically compare bids through automatic bid evaluation. This feature saves time and ensures that bids are evaluated consistently and fairly.
• Supplier Performance Reports: Generate detailed supplier performance reports to evaluate risk and make informed decisions. This feature provides valuable insights into supplier capabilities and performance.
• Tender Notifications and Reminders: Set up automated tender notifications and reminders for suppliers to submit their details. This feature ensures that suppliers are kept informed and deadlines are met.
• Questionnaire Templates: Use a library of tender questionnaire templates to quickly start the tender process. These templates can be edited as needed to capture specific details required for each tender.
• Contract Awarding: Award contracts directly within Medius eAuction without the need for email communication. This feature ensures that all information is captured within the system, providing a fully auditable trail.
• Integration with Back-Office Systems: Integrate Medius eAuction with back-office and third-party systems using Medius Connect. This feature ensures seamless data flow and efficient management of tender-related activities.
• Cost Savings: Achieve significant cost savings by removing poor tender submissions and optimizing the tendering process. Medius eAuction can generate savings of up to 85% compared to manual tendering.
• Improved Visibility: Gain full visibility of all tender opportunities and manage tenders in one place. This feature ensures that businesses can track and manage their tendering activities effectively.

Benefits

Improve supplier relations

Ensure quality service levels using forward and reverse auction capabilities.

Streamline processes

Keep information flowing between you and your suppliers so you can compare and select the suppliers that best meet your needs.

Save time and money

Switch to an entirely paperless process that is both secure and compliant, saving you time and money.

Demonstrate transparency

A secure and transparent auction process delivers complete visibility to stakeholders and ensures equal opportunity to all bidders.