Procurex’s new platform is the most advanced reverse auction tool available.

The latest version includes nimble navigation, robust reporting, and a more secure infrastructure.

Erie, Pa. – Procurex, a leading provider of reverse auctions for education, federal, state and local government and commercial markets, announced today the release of the latest version of its platform, now the most cutting-edge reverse auction tool on the market.

For more than 15 years, Procurex has helped clients save billions of dollars through reverse auctions. The web-based sourcing events allow qualified vendors to compete for a buyer’s business, lowering their price with each bid. Procurex users get the best price from the most qualified supplier after every single event.

Source a variety of goods and services

When done with Procurex, reverse auctions can source a variety of goods and services, including fleet vehicles, such as school buses and police cars; IT equipment, including supercomputers and laptops; and services, such as security guards and waste hauling.

On average, Procurex clients save between 14 percent and 18 percent when conducting a reverse auction. In fact, Procurex reverse auctions have delivered more dollar volume per year in savings than all of its competitors combined.

State-of-the-art platform

With the new state-of-the-art platform, Procurex can boost its services to clients, allowing them to execute even more complicated procurement transactions, including prime vendor contracts, and uncover new opportunities for competition and savings.

Together with the new platform, Procurex will continue to provide a full-service approach, working hand-in-hand with customers to nail down the best contracts for the goods and services that they need.

The world-class Procurex team helps users not only identify the appropriate goods for reverse auctions, but also recruit and train vendors; manage the entire bidding process; assist in putting together the appropriate specification and host the actual auction event. The Procurex process, along with the new platform, makes the entire reverse auction process easy and efficient.

“There is nothing like sitting in a room full of decisions makers as they watch a reverse auction and see the price drop with every bid. With our new platform, that experience will be even more interactive and instructive.”

Bret Grady

CEO, Procurex

Intuitive design

The new platform offers an intuitive design and more robust reporting capabilities. Updates include:

  • Improved navigation so it is simpler and faster for users to move through the site and participate in reverse auction events.
  • An enhanced dashboard that gives users a quick and comprehensive look at the status of all of their reverse auctions.
  • Simple sophistication as the platform now supports some of the most complicated procurement transactions including Prime Vendor Contracts.
  • An easy-to-use interface that works on any device, supports all recent browser types and meets the expectations of users.

“Our latest version will allow us to bring on large-scale events and meet the ever-changing needs of our customers,” Grady  said. “But we are not done. We have big plans for 2018.”

About Procurex

A leading provider of reverse auctions for education, government and commercial markets, Procurex has saved its clients millions of dollars through its full-service auction solution. The Procurex platform processes more dollar volume of transactions than all other solutions combined. With our expertise and state-of-the-art software platform, users secure the best price from only the most qualified vendors. On the web: