Tradeslot offers a cloud hosted B2B platform with advanced auctioning and trading capability. It allows companies to create online marketplaces for commodities with complex trading terms that would normally be a poor fit for (traditional) electronic trading. Simplistic auctions that focus on "price" only have been tried and dismissed by many industries. In contrast, Tradeslot's technology focuses on "best value" by factoring in non-price dimensions and even bundling of lots (with conditional pricing). In essence, the technology allows participants to express the exact terms of their offer, it gives real time feedback on how competitive these offers are, and allows participants to "tweak" their offers in order to improve their position. Instead of losing valuable time-to-market with time consuming negotiations on price and non-price terms (sequentially with multiple sellers or buyers), the system runs rapid rounds of "online negotiations" where multiple bidders compete directly with each other. Apart from superior financial outcomes, Tradeslot's customers report a drastic reduction in time-to-market, reduced cost-to-sell (or buy), as well as transparency and auditability - ultimately leading to increased satisfaction levels for both buyers and sellers.
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