The SIBRO™ Plus Standard Forward Auction asset disposition tool operates much like a traditional auction, enabling sellers to showcase their inventory and products before an audience of potential bidders. Over a period of days to weeks, bids are placed on these items until the auction closes and the highest acceptable bid is determined.

The SIBRO™ Plus Standard Forward Auction asset disposition tool can be "injected" individually, or together with other SIBRO™ Plus tools into any website, immediately branding to the look and feel of the customer website

Features:

• Competitive bidding events conducted over the Internet
  
• Secure environment for selecting business rules, approving bidder participation and monitoring events
  
• Comprehensive registration
  
• Menu-driven posting form allows for individual lot and multiple lot auctions
  
• Ability to upload images, specifications and other documents
  
• Auction Library that permits editing and reposting of saved events as new events
  
• "One-click" notification to stored bidders
  
• Ability to designate acceptable bid increments
  
• Event Clock
  
• Bidders may set maximum bid price and system will place bids at increments until maximum bid price is reached
  
• Automated award notification
  
• Extensive after auction reporting