With the creation of state-of-the-art Auction Platform, Augeo is placed at the top of chart in technology implementation. AI backed technologies to point out the cartelization, anomalies and price rigging are implemented to take the best out of auction platform. The platform is unique in the sense “there is no human involvement” during and after the auction. All the information is encrypted, till ACR(Auction Completion Report) is created.

For each client, there is a separate stack, identified by a unique subdomain and a dashboard. All the control/authority of the auction and past auctions rest only with the client. Ability of multi-authority to use it con-currently makes it unique. Following are the types of transactions which are currently happening on the portal:

• Forward Auction
• Multi-lot Auctions
• Tendering
• Multi-currency auctions
• Reverse Auctions

Auction platform is nothing without the vendor database. Augeo has currently the vendor base of 40,000 plus vendors. The geographical spread of the vendor base spans entire South Asian Region and the Middle East. With domain experts of recycling, scrap, machinery, commodities and real estate, Augeo ensures the optimum recovery of the assets.