Indianapolis, IN (PRWEB) October 28, 2013
ProcurePort, a leader in providing cloud hosted eSourcing software including reverse auction software and services, announces the launch of its OnDemand marketplace solution. The marketplace solution will allow for quick and easy deployment of a reverse auction marketplace between buyers and sellers in a specific market vertical . The marketplace solution, a first of its kind in the OnDemand eSourcing space, comes ready with rich features such as:
-Buyer and seller self registration process
-Option to charge buyer and seller subscription fees
-Charge auction transaction fees
-Allow Buyer and Seller to post Reverse Auctions and Forward Auctions
-Ability for buyer and seller to conduct private invitation only auctions
-Integrated payment facility using credit cards as well as ACH
The ProcurePort eMarketplace software will be made available via the SAAS model.
ProcurePort's proprietary cloud hosted E-Marketplace software, delivered as a SAAS solution, allows creation of a marketplace for a specific vertical (eg: Health care services, Telecom, Energy, Building Materials, Lumber, Legal Services etc.) instantaneously with minimal cost.
ProcurePort is embracing 2013 as a banner year thanks to the growing acceptance of E-Marketplaces as a way to bring buyers and sellers together in a dynamic environment. The new breed of marketplaces allow buyers to post their purchase requirements on the marketplace. Sellers, in turn, bid on those requirements in a reverse auction format.
Because ProcurePort’s web-based E-Marketplace Software does not require expensive and time consuming setup or integration, many of ProcurePort’s customers realize an immediate return on their investment. “This on-demand model is much more affordable than other alternatives and allows startups to benefit from the same online procurement technology that was previously only available to large corporations,” explains Smith, a senior director at ProcurePort. The success of online E-Marketplaces in niche vertical’s is predicted to grow significantly over the next decade as Startups (such as SHARKMARX.com) and other organizations implement unique marketplaces to bring buyers and sellers together for a specific product or service category.
Founded in 2001, ProcurePort has expanded its service offering from discrete online auction tools to complete on demand sourcing solutions including providing sourcing and spend analysis services.
ProcurePort is a leader in providing on-demand e-sourcing software (Reverse auction software / Spend analysis software / E-Marketplace software) and services (Reverse auction services / Spend analysis services) for the Startup as well as Global 1000 organizations. Operating in a wide range of industries from manufacturing to government, ProcurePort’s clients benefit from both the technology and service expertise that can help them launch their electronic marketplace without time consuming or expensive technology deployment. ProcurePort’s affordability enables startup’s to compete with larger organizations and reach new levels of success in deploying an E-Marketplace in a specific vertical. For more information, visit http://www.ProcurePort.com or call 1.866.643.8153 (toll-free in North America).
NOTE TO MEDIA: To schedule an interview with a ProcurePort representative to discuss trends in e-sourcing, online procurement, e-marketplaces, reverse auctions or forward auctions, contact Jack Smith: jack(dot)smith(at)procureport(dot)com.