Avatar for Bid4Best Technologies

Bid4Best is a Reverse Auction B2B Marketplace for MSMEs designed for Ease in Procurement

Bid4Best is a Reverse Auction B2B Marketplace for MSMEs designed for Ease in Procurement

Bid4Best has been designed with the motive to create shorter yet sophisticated procurement cycles using advanced technological innovations with the blend of reverse auction and smart analytics to enhance the overall objective of organizational procurement. Most B2B Portals are involved in either the Classified/Directory Model or Trading. The whole Procurement Process involves Vendor Sourcing, Endless Communication, Quote Evaluation, Quote Standardisation, Negotiation, juggling around mails, Bluffing and Analytics (Request, Bid, Spend, Vendor, Reporting, etc.) Through an intelligent automated process, B4B aims to drastically reduce the time frame of getting quotes and reduce the pain on multiple bid evaluation, procurement process and bring out the best possible quotes for an SME business, and in the shortest span of time. Bid4Best has got a Reverse Auction model as its spine and is fuelled by Smart Algorithm and Advanced Analytics to revolutionize the whole B2B Procurement Ecosystem. B4B is a Request based Procurement Portal over which Buyer’s Requests are encountered by Seller’s Actual Quotations and the whole system allows its users (Both-Buyer and Seller) to amend inputs as per strategy and situation. Big Data Analytics, Blockchain technology & Predictive Buying Behaviour will provide ease to all B4B Users. Bid4best (B4B) will bring revolution to procurement professionals by enhancing corporate strategy, driving innovation, leveraging Data, and financial leadership. B4B is a Request based Procurement Portal over which Buyer’s Requests are encountered by Seller’s Actual Quotations and the whole system allows its users (Both-Buyer and Seller) to amend inputs as per strategy and situation. Enablement of B4B will result in • Faster Processing • Auto-Negotiation • Greater Visibility • Smarter Collaboration • Cost reduction • Real-time Scorecards and Dashboard • Innovation Yes, that's right we have automated all this and much more.
image

Assist. Manager-Vendor Acquisition

Chief Product Officer

Gaurav Sonkar

Avatar for Gaurav Sonkar
Founder at Bid4Best Technologies

Jayant Singh

Avatar for Jayant Singh
Jayant is the Founder of Bid4Best, India's first professionally managed Reverse Auction B2B Procurement Marketplace.
Funded over

2 rounds

Latest round

Seed (Mar 2019)