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Auction Name: Limousine Services / Value: 10,890 USD / Location: New York (U.S.) / Auction keywords: VIP transport, taxi, limousine services, NYC Auction Name: Car insurance / Value: 2,500 SEK / Location: Lulea (SWE) / Auction keywords: Insurance, Sweden Auction Name: Office Stationery / Value: 98,295,284 IDR / Location: Bengaluru (India) / Auction keywords: Letters, envelopes, toners, office equipement, Bengaluru, Karnataka Auction Name: Glass wine bottles / Value: 862,160 CNY / Location: Shadong (China) / Auction keywords: Glass containers, glass wine bottles, glass jar, China Auction Name: Notebooks / Value: 3,230 Eur / Location: Vienna (Austria) / Auction keywords: hardware, laptops, Austria Auction Name: Translation Services / Value: 37,792 PLN / Location: Krakow (Poland) / Auction keywords: Official language translation services, Krakow Auction Name: Roof tiles / Value: 49,954 HRK / Location: Brela (Croatia) / Auction keywords: Tiles, building materials, Croatia, Split Auction Name: Legal Counsel / Value: 68,500 Eur / Location: Cagliari (Italy) / Auction keywords: Legal advisory, law services, legal counsel, Italy, Sardegna Auction Name: Long-term hotel accomodation / Value: 149,600 Eur / Location: Munich (Germany) / Auction keywords: Hotel accomodation, hotel services, Munich, luxury hotels Auction Name: Car rental services / Value: 25,320 USD / Location: San Rafael (Argentina) / Auction keywords: Car rental, passenger car, leasing Auction Name: Heavy truck tires purchase / Value: 3,845 CAD / Location: Toronto (Canada) / Auction keywords: Truck tires, Toronto, Ontario Auction Name: Mobile Devices / Value: 4,540 USD / Location: Pittsburg (U.S.) / Auction keywords: Mobile devices and accessories, Pittsburg, Samsung Galaxy S22


As simple as it sounds, many SMBs do not have an actionable understanding of where their spend goes or what they get in return. Managing procurement through centralized digital channels provides clear insight into spend and suppliers.

Thanks to the caliber of digital platforms available today, it has never been easier for SMBs to operate efficiently and even compete with much larger firms from the very beginning of their journey. These digital capabilities are within reach from an implementation standpoint, and they are cost effective as well. They make the difference between a SMB continuing to grow and becoming a statistic.

According to the World Bank, small and medium-sized businesses (SMBs) represent 90 percent of all businesses and more than half of all employment worldwide. This means SMBs have a significant impact on the economic well-being of individuals and communities; their success is everyone’s success.

BestAuction is proud to partner with many SMBs. We have been amazed and inspired by what they have been able to achieve through digital procurement and e-Auctions. In fact, with the support of agile procurement technologies, many of these companies have been able to mature their procurement capabilities and processes ahead of the competition, creating a lasting advantage while making scarce resources go further.

We have seen all of our users realize three key benefits, each of which offers significant value for SMBs:

100% Transparency in the Purchasing Process

As simple as it sounds, many SMBs do not have an actionable understanding of where their spend goes or what they get in return. Managing procurement through centralized digital channels provides clear insight into spend and suppliers, allowing budget owners to identify opportunities for improvement. 

Using e-Auctions creates this same level of transparency on a per-contract basis, driving optimal outcomes by harnessing market forces and allowing suppliers to make their bidding decisions based on as much information as possible.

40% Shorter Procurement Life-cycles Using Digital Channels

For SMBs, time is literally money. Streamlining procurement is not just about buyer convenience, it is about operational effectiveness. Every contract and purchase request corresponds to a business need. The sooner the need is met, the sooner everyone gets back to work – growing the business and pleasing customers. 

In addition to increasing competition, e-Auctions also accelerate the procurement process, empowering decision makers to act with confidence but without delay. And the best advantage of all – e-Auctions do not require SMBs to select the lowest bidder, but they do contribute to price compression between comparable options, opening the door to value as well as savings.

Higher Cost Savings Achieved Through Reverse Auctions

In our experience, companies that leverage e-Auctions as part of their digital procurement strategy not only achieve increased transparency and decrease time to an award decision, they also save more. Depending on the category in question, we have seen anywhere between 8-38 percent savings resulting from these events.

For instance, a UK-based car repair services company with nine shops in the London area was looking for an accounting firm. They used an e-Auction to bring together five pre-selected potential suppliers with the assistance of our team of specialists. The auction resulted in 15.8% savings compared to the suppliers initial bid prices. These funds were then available for discretionary reinvestment by the company’s management team, an advantage for any SMB.

According to ITA, about half of all startups survive to reach the five-year point. This affects business owners as well as their staff. According to the same article, SMBs have an annual staff turnover of 10-12 percent. Low survival rates translate to lost jobs, but visibility into spending activity, shorter procurement cycles, and more advantageous pricing position SMBs to continue growing and innovating – defying the odds and achieving the vision of their founders and leadership teams.

SMBs can now transform and digitize its procurement process using BestAuction platform at bestauction.com to unlock the hidden value in procurement.

Customers have said

  • Andrea Chomski, Procurement manager, Austin - Texas

    Andrea Chomski, Procurement manager, Austin - Texas

    Significantly helps me to get results!

    „I searched for the building contractors and they’ve delivered in a few seconds in my area. I’m actually astonished at how quickly bestauction.com helps me to get results. Furthemore, using bestauction.com I’ve been able to get considerable price discount for building materials without a need going anywere to negotiate.“

  • Vlado Krizka, Supply chain manager, EU

    Vlado Krizka, Supply chain manager, EU

    Great businness helper

    „Simple to use and intelligent than you can imagine. We procure any items or services with bestauction.com now. A really helpfull and cost saving tool.“

  • Patric Goore, Partner at Wallenberg IT consultants

    Patric Goore, Partner at Wallenberg IT consultants

    We actively use the online eAuction for product procurement

    „We actively use the online reverse auction for product procurement , and in turn, we get the benefits in terms of more efficient and transparent purchasing process.“