ON-PREM

Auction

Internal auctions to liquidate surplus

The auction system lets staff bid on surplus inventory internally - organized and transparent.

Auction
0
extra storage for surplus once liquidated
100%
transparency: every bid timestamped and attributed
1
one internal platform for every auction
surplus disposal time: from months to weeks
What you get

Features built for real work

Organized internal employee bidding

A transparent internal bidding platform where employees bid on surplus assets and inventory within a set time window.

Full transparency & governance

Every bid is timestamped and attributed, with a reserve price the admin sets before the auction opens.

  • A full bid log per item
  • An admin-set reserve price
  • Automatic notification to the winner at close

Turn surplus inventory into real value

Instead of piling surplus up in storage, turn it into real recovered value through an organized internal auction.

Scheduled auction windows

Each auction opens and closes automatically on a schedule you set in advance.

Real-time bid notifications

An instant notification to every bidder the moment their offer is outbid.

Proceeds & recovery reports

A clear report on what each auction recovered, compared against the assets' value before liquidation.

Eligibility-scoped participation

Define which departments or branches are eligible to participate in each auction.

Historical auction archive

Every past auction is saved and searchable, so you can review prices and results anytime.

For

Organizations liquidating surplus inventory.

More

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Your next step

Try Auction in your organization

Talk to our team to arrange a tailored demo.

Request a demo