eAuctions Hub

Drive savings through dynamic reverse auctions with real-time guardrails and bidding insights.

Procbay helps procurement teams run competitive auction events in a single guided workflow, so sourcing moves faster, pricing stays transparent, and every decision is documented. Teams can launch auctions quickly, manage suppliers confidently, and maintain strong governance across regions and categories.

Built for Leaders

Built for Heads of Procurement & CIOs

Designed to meet the unique needs of procurement leaders and technology executives.

For Procurement Leaders

Run a repeatable procurement auction approach that drives competition, improves award confidence, and reduces manual coordination.
Apply clear rules and approval steps to keep events compliant and reviewable—without slowing down execution.
Increase savings with reverse auction procurement while keeping pricing movement and supplier behavior visible throughout the event.

For CIOs

Provide a governed auction capability on the Procbay platform so teams do not rely on uncontrolled spreadsheets or email-based bidding.
Support scale and auditability with consistent controls, access patterns, and reporting across the online auction platform experience.

Key Benefits

Faster event setup and execution

Streamlined workflows reduce handoffs and keep events moving from setup to close.

Stronger compliance

Defined rules, approvals, and audit trails ensure events follow governance requirements.

Better supplier engagement

Clear timelines and transparent bidding improve participation and reduce confusion.

Lower manual effort

Running events through eAuction software replaces email threads and manual coordination.

More consistent outcomes

Standardized processes drive repeatable results across regions, categories, and teams.

How It Works

Procurement Powered by AI is a platform that helps you automate your procurement process.

Event setup

Create an auction event with scope, timelines, supplier list, and bidding rules—so expectations are clear from the start.

Supplier participation

Invite suppliers, confirm eligibility, and keep communication centralized—so updates are consistent and traceable.

Live bidding and insights

Run live bidding with real-time visibility and structured guardrails using eprocurement reverse auction—so teams stay in control during competitive moments.

Award and governance

Finalize the award with documented approvals and event history—so decisions are easy to review and audit.

Capabilities

AI-Powered Capabilities

Bid pattern insights

Real-time prompts

Quick event summaries

Recommended next steps

Bid pattern insights

Insights flag unusual bidding behavior and potential risk signals during the event.

Real-time prompts

Prompts keep teams aligned to rules, thresholds, and approval requirements as the event runs.

Quick event summaries

Summaries capture key movements, outcomes, and supplier positions to speed up reviews.

Recommended next steps

Next-step recommendations help teams act when bidding stalls or competition looks limited.

Subheading

Outcomes

Shorter sourcing cycles from event kickoff to award decision

Improved savings capture through structured competition and clearer price discovery

Fewer exceptions and less rework due to built-in governance and documentation

Better stakeholder alignment with centralized visibility and event summaries

More consistent auction execution across categories and regions

Comparison

Why Procbay

See how Procbay Intake & Demand Capture compares to legacy solutions

Capability	Procbay	Traditional tools
Event setup	Guided setup with clear rules, timelines, and ownership	Manual setup across emails and spreadsheets
Supplier communication	Centralized invitations, updates, and participation tracking	Messages scattered across threads; hard to audit
Live bidding visibility	Real-time view of bids and event progression	Limited visibility; updates are delayed or manual
Governance & approvals	Approvals and audit trail captured in the workflow	Approvals tracked separately; documentation gaps
Control during bidding	Guardrails and structured rules applied consistently	Rules enforced manually; higher risk of exceptions
Enterprise scale	Repeatable reverse auction procurement execution across regions and categories	Processes vary by team; limited control and reporting

Integrations

Seamless Integrations

Procbay connects auction outcomes to downstream procurement work so teams do not re-enter data or recreate award documentation.

ERP & Procurement Suites

SAP, Oracle, NetSuite, Coupa, SAP Ariba (and custom systems via APIs)

Collaboration Channels

Microsoft Teams, Slack, email, embedded portals

Workflow Tools

Jira and internal workflow systems as needed

FAQs

Browse through our frequently asked questions to find quick answers about ProcBay.

It helps teams run competitive auction events with clear rules, supplier participation, and traceable outcomes.

They create controlled competition so suppliers can respond in real time, improving price discovery and award confidence.

Invites, timelines, and communications stay centralized so suppliers always know what to do and when to bid.

Rules are defined upfront and approvals are captured in the workflow so decisions remain compliant and reviewable.

Teams see bid movement and event progress in real time so they can manage the event with confidence.

Yes. It supports consistent event execution and governance across business units, locations, and category teams.

It replaces spreadsheet tracking and email follow-ups with a single workflow for setup, bidding, and award documentation.

A guided experience for setup, supplier participation, live bidding visibility, and audit-ready outcomes within one workspace.