Metrics, presented in clear dashboards, provide you with all the business information needed and valuable insights.
CLEAR PROCESS
The available data can be used to determine if the aution process was successful or not. Based on auction metrics such as number of invitees that have visited your auction, number of active participants, number of bids, the highest bids, etc., you make data driven and well-informed decisions whether to sell a product or not. This data is particularly useful for a lott that has no clear value before the auction starts. A clear process with accurate metrics provides acceptable results for all stakeholders.
AUDITS
Auctions are often used as an alternative for situations where products are sold without a clear process or possibility to review the process leading towards a sale. With an auction, all data is logged. This way of selling products will easily pass any audits.