Setting up an online business-to-business auctioning site allows you to auction off excess inventory or stimulate price competition among your suppliers to lower production costs.

Ecquaria AuctionBeans™ is an Java and XML-based application that accelerates the development and deployment of B2B online auction web sites. It can be integrated into Ecquaria TradeBeans™ to create a complete eMarketplace.

Ecquaria AuctionBeans™ provides a number of popular auction features. These include forward and reverse auction services, the options of public or invited bidders and open or sealed bids. It also provides advance functionality such as proxy bids and automatic matching of buyers and sellers.