Benefits

To Buyers

• Central Vigilance Commissioner (CVC), World Bank, MDB guidelines & policies compliant
• Compliant to IT Act, 2000
• Reduction in procurement costs
• Enables complete control of the process, including whom and when to award the contract
• Better control and management of the process
• Improved supplier relationship
• Encourages competition amongst suppliers

Add on Benefits to PSU

• It abides to guidelines given by Central Vigilance Commissioner (CVC)
• It takes the advantage of IT act 2000 wherein supplier can be taken under trial for document digitally signed
• Instant reports for various hierarchy levels
• Instant report generation against right to information act
• Helps to assess performance of different vendors from time to time

To Vendors

• Provides increased business opportunities to vendors
• Provides equal opportunity for all vendors to participate in the bidding process
• Provides 24x7 secured access to tender information
• Provides automatic notifications