Epiq Technologies eAuction Cuts Costs for Enterprise Investment Recovery

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Epiq Technologies, Inc., a leading provider of purchasing software and investment recovery software for enterprises, delivers event management capability for asset sales with its eAuction 5.0 product.

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Epiq Technologies, Inc., a leading provider of purchasing software and investment recovery software for enterprises, delivers event management capability for asset sales with its eAuction 5.0 product. Typically, investment recovery departments sell assets through brokers or third parties that seek to purchase the asset for resale. This process often results in high transaction costs and frequently prevents the sellers from realizing the full value for assets. Other items, like scrap metal, may be very valuable but can be difficult to sell through traditional channels. Many companies end up actually paying to have a disposal company come and take these items away. Instead of obtaining revenue from the transaction, the company with the asset may end up paying extra disposal costs.    

eAuction 5.0 from Epiq Technologies provides new ways to sell all types of assets and provides access to a larger pool of potential buyers. Epiq's software provides investment recovery departments with unparalleled control over the asset sale process. Event management tools provide control and visibility into every step of the event. Automated negotiation and auction-based, real time bid collection and optional price disclosure give buyers incentives to raise their bids. Epiq's eAuction 5.0 gives investment recovery departments a powerful tool that saves time, boosts sale prices, and offers detailed control over the process.    

eAuction 5.0 can provide investment recovery departments with the following benefits:

*Streamlined Process: Epiq's software introduces automation into a traditionally manual and time-consuming process.

*Higher Sale Prices: Automated negotiation and real time bidding access allow collection of additional bids. Event rules permit either immediate or no price disclosure.

*Increased Participation: Personalized buyer invitations and global event access boost buyer participation and ensure that more qualified buyers will be available to bid on an asset.

*Process Control: eAuction 5.0 reduces reliance on high-priced intermediaries and gives investment recovery personnel control over the asset sale or disposal process.

*Visibility: Reports delivering event statistics, pricing, and bidder information gives managers the ability to track an asset throughout the event and after the sale.

*Hard To Sell Assets: The global reach of the web and Epiq's software provides access to additional buyers and makes it easier to realize revenue from hard to sell items.

Epiq eAuction 5.0 is currently available for asset recovery and inventory liquidation. eAuction gives an enterprise a new tool to cut costs, save time, and to boost the bottom line by delivering a platform to effectively sell end of life assets. To obtain more information, contact Epiq Technologies at at 1-877-316-EPIQ (3747) or at http://www.epiqtech.com.

About Epiq Technologies

Epiq is the leading eBusiness software maker whose low cost, pure Internet, collaborative applications manage both supply chains and demand chains and bring an organization closer to its customers and suppliers. Epiq delivers applications that leverage existing infrastructure from Microsoft (http://www.microsoft.com) and Oracle (http://www.Oracle.com) or can be deployed on leading open source technologies like Linux (http://www.linux.org), Apache (http://www.apache.org), Jboss (http://www.jboss.com), MySQL (http://www.mysql.com), or PostgreSQL (http://www.postgresql.org). Epiq can be contacted in the U.S. at 1-877-316-EPIQ (3747) or at http://www.epiqtech.com.

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Charles Wheat