TORONTO, ON – June 18, 2023

Announced today, cloud-based procurement platform for small and medium enterprises (SMEs) BestAuction will be joining DMZ’s, a world-leading tech incubator, Incubator program. By embracing procurement innovation with BestAuction, SMEs can optimize their procurement processes, drive cost savings, foster supplier collaboration, mitigate risks, and improve overall performance and competitiveness.

Online platforms that connect buyers and suppliers can facilitate collaboration, communication, and knowledge sharing. These platforms enable organizations to find suitable suppliers, negotiate contracts, and manage procurement processes in a transparent and efficient manner. Collaborative digital procurement platforms can foster innovation, drive competition, and increase access to a broader range of suppliers.

As procurement organizations mature and take on ever more strategic objectives, intelligent digital procurement platforms are critical enablers of success,” said Martin Gracka, CEO and Co-Founder of BestAuction. The perceived complexity can be a very real barrier to adoption. “Clients often ask our sales team, ‘Isn’t it a complicated process?’”, shared Tom Kovac, Sales Director at BestAuction. “We reassure them about the simplicity and transparency of our platform. While procuring, they can invite their traditional suppliers or find new ones among registered users. This way they can procure items, services, or even logistics.”

Through the program, BestAuction plans to access unique knowledge and expertise through different domains, including sales and marketing, technology, finance, leadership and more. “We’ve been fortunate to engage with DMZ’s community at Bootcamp events last year and always walked away impressed with the passion and calibre of talent that DMZ brings together. We are sure that continuing our journey at DMZ’s Incubator will be incredibly helpful to support our ambition to become a strong partner for SMEs in digital procurement and supplier collaboration,” says Martin Gracka.

About BestAuction

BestAuction platform has been released and deployed for a selected users’ group in December 2020. Currently, the platform hosts over 200K reverse auctions and more than 1 million potential clients’ datasets. The platform helps users buy or sell goods and services faster and more efficiently. It also allows users to initiate digital collaboration with new suppliers and partners around the world. Learn more at bestauction.com.

About DMZ 

DMZ is a world-leading startup incubator based at Toronto Metropolitan University that equips the next generation of tech entrepreneurs with the tools needed to build, launch, and scale highly impactful startups. By providing connections to customers, coaching, capital, and a community, DMZ’s customized approach helps innovators reach the next milestone in their entrepreneurial journey – whatever that might be. Through its award-winning programming, DMZ has helped more than 790 startups raise $2.47 billion in capital and create 4,900+ jobs. Headquartered in Toronto, Canada with globally-accessible programming, DMZ has a widely-recognized international presence with offices in Vietnam, India, and the U.S., and partnerships across North America, Latin America, Africa and Asia. Learn more at dmz.to. Learn more at DZM.

Contacts 

Name: Martin Gracka
Email: [email protected]

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