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Publish Date : 28-Jan-2015

An online e-procurement platform, BidTron, LLC, has announced the global launch of its robust platform that enables real-time buying and selling through forward and reverse auctions. Main objective is to help any business or government entity streamline their transactional and RFP processes while savings through transparent bidding-events that can commoditize any products, materials or services to generate the lowest possible market prices.

The transparency of browser-based platform from BidTron and its convenient onboarding process for participants facilitates compelling bidding activity on its auctions, with least demands on the time and resources of BidTron users. Through the flexibility of BidTron’s dynamic platform, any agent is able to manage their entire catalogue of buying and selling requirements while reducing administrative work, minimizing procurement resource costs and increasing efficiency. Through enabled real-time competition between sellers for virtually any products, materials, or services, buyers will be able to commoditize all of their purchases to create the truest - and lowest - market values for whatever they buy through their BidTron™ Reverse Auctions.

Also, Sellers will be able to host BidTron™ Forward Auctions and generate the highest possible market value from their buyers for any products or services with high demand or limited supply. All auctions are highly customizable and can also be configured to last for any period of time.

BidTron™ Auction Manager maintains a historical record of all bids submitted for all hosted auctions, supporting record keeping and allowing for the easy review of all bids placed during an auction.
BidTron CEO Todd Segmond said, “Just like the NYSE is a marketplace that commoditizes a company through the true real-time value of their worth based on its financials and future outlook, BidTron commoditizes the tangible products, materials, and services of any industry through live bidding events executed by BidTron’s exchanges.”

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