e-Auction

Transforming auction process from Hammer → Mouse → Touch.

e-Auction

NSEIT is helping organisations across verticals reach out to the desired partners and discover the best price for their goods in the shortest time possible. With e-auction platform, we provide solutions to automate entire procurement and sales cycle. With better price realisation and decreased costs, our clients spanning businesses, are reaping benefits of our electronic trading platforms and automated markets and seeing accelerated ROI. E-auction platform is available as SaaS platform enabling shorter implementation times and reduced capex for our clients..

Benefits of NSEIT's e-Auction Services:

  • Better prices with real time dissemination of information

  • Increased market transparency

  • Increased buying/selling reach

  • Reduced cycle times

  • Direct cost reductions

  • Better managed processes with automation

passion for excellence

Key Features

NSEIT offers solutions covering the entire gamut of auction.

  • Intuitive UI providing ease of access to the users

  • Access to the e-auction system can be restricted to registered Users

  • Bidders' identity remains undisclosed during e-auction process

  • Manual/Upload facility for entering the e-auction information

  • Bidding with or without pre-bid EMD

  • Auto bid facility and Auto Extension of auction

  • In–Built Decision making process in the system

  • Integration with leading accounting systems

  • Integration with Payment Gateways for debit/credit of funds

  • Role based access to the e-Auction System

  • Application is web based and accessible on the internet

  • Audit trails of entire bidding process

  • Stock and inventory tracking of each traders/auction

  • Efficient Mobile browser based quotations

  • Full fledged SMS based quotation for auctions

Services Offered via Our eAuction Platform

If you want to ensure fair price discovery (either in sell side or buy side) along with transparency in the process then NSEIT is the one stop shop for all your needs.

Preparatory Activities

Preparatory activities for e-Auction

Publishing

Publishing of the procurement / disposal / E-Auction detail.

Registration

Member registration for Bidder, Auction organiser and Auctioneers.

Auction Process

Robust Auction mechanism.

Intimation & Alerts

Intimation to Users (via email/SMS) participating in e-Auction.

Order & Trade Book

Order Book and Trade Book Display to Bidder and Auctioneer.

Reports

Trade and Auction wise Reports.

Accessibility

Bowser Based Quotations.

Accounting

Integrated Accounting solution for all stakeholders.

Settlement

Post Auction Processes and Settlements.

Funds Management

Funds Management for Deposit and Withdrawal include Cash and Non Cash(if any).

Payment

Integration with Payment Gateway with leading banks.

Case Study

Handling your company's needs with expertise in…

e-Auction for Agriculture Market place

NSPOT and NSEIT has entered into a Teaming Agreement in 2012 to jointly offer solution to the Auction market-place

Tea Board - Automating one of the India's oldest auction markets

Tea Board of India under the Ministry of Commerce, Government of India.

e – Auction Solution for Tea Board of India

The Tea Board of India was established by the enactment of the Tea Act, 1953 and is headquartered at Kolkata.