Auxionize is a B2B procurement platform with an integrated marketplace that enables companies to purchase products and services in reverse bidding auctions. Its main features are a detailed product/service catalogue, bundle catalogue(IPS catalogue), and buyer and seller nomenclatures. It covers every aspect of the buying process from requirements specification through RFx and negotiation all the way to P.O. and delivery. It creates value by optimizing spending and introducing a high degree of transparency in corporate deals.