eAuction

A Perfect Solution For Online Auctions

eAuction portal brings the sellers and buyers together by providing a secure platform to provide a functional channel for auctioning, bidding and negotiations. Naapbooks ensures that this platform meets the highest standards of transparency, privacy and data security.

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Online Auction

eAuction offers listing assets and services. This aids in recovering the amount when there is insolvency or in case of non-performing loan accounts. It enables NPA auctions conducted by banks and other monetary institutions who have lent financial services to the default borrowers. As per SARFAESI and DRT the lenders have the authority to possess and auction default borrower’s securities. eAuction has the capability to handle a wide variety of assets that includes residential, commercial, art, land, building, plant & machineries, factories, warehouse, hotels, farm houses & Plots etc. Resolution Professionals, Bankers, Corporates (for purchase of products and services), NGOs (for purchase of products and services), Auctioneers, Associations, Art Galleries, and Government can use the services provided by eAuction without any difficulties.

Easy to use

Bidder Login - bidder safely logs in with their credentials and is able to see a list of products up for purchasing and places their bid on the product
Seller Login - seller logs in with their credentials and is able to list their products and services for the buyers to bid
Admin Login - administrator is another module where they have the authority to keep a check on the products and services being listed for auctions. They have the power to remove unwanted items
Report generation - administrator receives generated reports whenever products are listed and when users register on eAuction
Notifications - Every bidder, whether they lost or won, gets a notification about the final decision of the auction keeping the bidders updated

Features

Secure environment for Auctions and Bids – auction or bid your items without any fear of unauthorized interference
Registration and login – easily register yourself and simply login with your credentials
Bidding & Negotiations – live reporting of bids and negotiations
Auctioned items and Bidding history – records of all the biddings and the items sold till date
Graphs on Dashboard – graphical representation of the details of the events available on dashboard.
Auctioneer rights – Auctioneers are provided the same rights and regulations as they are given in offline auctions
Records of every Auction – complete list of fulfilled, existing, pending, and cancelled auctions available
Reverse auction facility – we also provide reverse auction facility where there are multiple sellers competing against each other and one buyer looking to purchase from the best suited seller.
Multi-device system – functions well on smartphones, tablets and computers

Technology

Angular JS
ASP. Net
MVC (model-view-controller)
AJAX
jQuery
MS SQL
Cryptography

Our Product Implementations

We specialize in product implementation services, which revolve around seamlessly integrating and deploying diverse software solutions tailored to our clients' unique business requirements. Our comprehensive range of services encompasses Consultation, Planning, Installation, Customization, Data Migration, Training, Testing, Go-Live Support, and Post-Implementation Support. Above all, we prioritize customer satisfaction and aim to foster your business growth through our dedicated efforts.

Simpolo Ceramics Limited

Simpolo Ceramics Limited, a leading ceramic manufacturing company, recognized the need to streamline and enhance its employee management processes to foster increased productivity and efficiency. To address this challenge, Simpolo embarked on a journey to develop a comprehensive custom software solution tailored to their specific requirements. The implemented software encompassed Visitor Management, KRA-KPI Management, Policy Portal, and Employee Ticket Management systems, culminating in significant improvements in employee productivity.

Theka Coffee

Theka Coffee, an entrepreneurial venture challenging coffee industry norms, collaborated with Naapbooks for a supply chain revolution. we developed EZEO, an Easy Order Management system, streamlining CRM, ordering, invoicing, expenses, inventory, vendor and customer portals, payroll, POS, and e-commerce.

Overcoming complexities like manual processes and analytical difficulties, EZEO ensures efficient product movement, accurate reporting, quality control, and complete traceability, empowering Theka Coffee's mission to redefine the coffee world.

FAQs

How can a bidder participate in eAuction?

A Bidder Should be registered on eAuction to be able to participate in bidding of any auction.

Is there a Reverse Auction facility provided on the portal?

Yes, Auction Inviting Authority can publish Forward and Reverse Auction as per their requirement and select the relevant Auction type during Auction creation.

Who can auction the assets through eAuction?

Any Individual, Institutions, Banks and Government Departments can auction the properties through eAuction. Any one who has the legal rights to auction assets can use eAuction for listing their products and services. For example, banks and financial institutions have rights under SARFAESI and DRT to auction possessions of default borrowers.