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Evo-auction: 5 integrations that help auction houses scale their business

Posted 18th July 2024

In the fast-paced world of online auctions, where speed and accuracy are paramount, auction houses face a unique set of challenges. As digital trends shift and customer expectations evolve, the need to flex and scale quickly means traditional IT solutions often fall short.

As the industry evolves, auction houses are increasingly looking for flexible, scalable, communication-rich solutions that prioritise customer experience while ensuring transparency across the business. In this blog post, we look at five key integrations that make evo-auction a cost-effective, end-to-end solution for both new and established auction houses…

Let’s take a look at five of evo-auction’s key integrations…

Website Integration

If you offer any kind of online bidding, you’ll want your website to support the process as far as possible. Customers who find your auction through search will expect to be able to bid on, buy and pay for items via the first website they land on, and evo-auction’s website integration feature ensures this is possible. The integration creates a tailored, end-to-end solution that streamlines auction house processes, reduces errors, and supports a straightforward and intuitive buyer/seller experience.

Integrating your website into the evo-auction platform also gives you access to full reporting tools for live auctions, as well as smoothing pre- and post-auction tasks like exchanging contracts and taking payment. All these benefits help to build stronger customer relationships, raise brand awareness and ultimately drive sales and growth.

 

Key features:

  • Buyer accounts: When customers create an account through your website, it syncs automatically with the evo-auction platform to create a buyer there. Through the ‘My Account’ section, buyers can access documents, preview invoices and manage their account details.
  • Real-time commission bids: Sync auction house and website bids, so buyers have full and up-to-date visibility of their bidding.
  • Invoices and online payments: Seamlessly generate and share invoices through your website, and take payments through a secure and efficient payment gateway.

Find out more

 

Barcoding Integration

One of the key challenges for auction houses is managing inventory efficiently, and evo-auction’s Barcoding integration had been designed to address this. By tagging incoming stock with barcodes, auction houses gain better control and monitoring of inventory movements. The Tote-scanning feature further streamlines warehouse operations, supporting scalability by ensuring individual items are easy to track and find on the shelves.

Through streamlined operations, accurate collections control and improved supply chain management, auction houses see fewer errors, greater efficiency and more potential for growth.

 

Key features:

  • Monitor inventory movements: Gain visibility into stock movements and streamline warehouse operations.
  • Accurate collections control: Assist in lotting up accurate collections control, improving supply chain management.
  • Error reduction: Reduce instances of human error by minimising manual counting and stock checks.

Find out more

 

Bidding Platform Integration

By seamlessly integrating with all major bidding platforms, evo-auction ensures the sort of smooth and efficient experience that today’s customer expects. The one-click integrations allow you to import and fully register buyer details – in most cases even assigning their account number as a bidding paddle – saving time and effort for both you and your buyers. And when the auction is over, the integration ensures all the results are automatically imported and actioned, thereby saving you valuable back-office time during busy auction days.

Evo-auction integrates with:

  • the-saleroom.com API
  • com
  • Live Auctioneers
  • Bidlogix
  • Invaluable
  • Proxibid

 

Advanced Account System Integration

Based on Microsoft Dynamics 365 Business Central’s accounting software, the evo-auction Advanced Account Systems integration is a game-changer for auction houses. By eliminating the need for double entry, this integration increases efficiency and reduces errors while supporting all manner of time-consuming accounting processes. From sales ledger to cash management, invoicing to payment, purchase ledger to nominal ledger, Advanced Account Systems streamlines financial processes to give auction houses a robust and integrated financial management system.

What’s more, quick reconciliations and compliance with Making Tax Digital regulations frees auction houses from the burden of complex accounting tasks and means they can focus on scaling and growth.

Key features:

  • Sales ledger: Generate invoices, reminders and statements, and produce credit control reporting.
  • Cash management: Manage buyer payments and streamline the reconciliation process.
  • Purchase ledger: Easily create vendor statements and purchase invoices, as well as printing cheques.
  • Nominal ledger: Handle client account reconciliation, management accounts, statutory accounts and more.

Find out more

 

DocuSign Integration

Integrating DocuSign into evo-auction allows for smooth, secure, trusted and legally binding digital document management, saving you time and money on sending physical documents out in the post. From contracts to agreements, digitising the paperwork associated with buying and selling gives auction houses a quick and efficient process for signing, sending, tracking and storing essential documents.

Key features:

  • Recipient management: Efficiently manage document recipients.
  • Sign and send: Facilitate the easy signing and sending of all essential documents.
  • Track and store: Find and store all your signed documents securely in the cloud.

Find out more

Read how Williams Auctions have scaled their business and streamlined their processes with evo-auction.

Scale your auctions with evo-auction

As online auctions grow in popularity and customer expectations continue to evolve, auction houses need to equip themselves with IT solutions that not only help them meet current demands but can anticipate and account for future need. Evo-auction’s capabilities and integrations make it a strong choice for auction houses navigating the digital age with an eye on growth, ensuring they can scale their operations seamlessly while enhancing efficiency and staying ahead of customer expectations.

For more information on how evo-auction and its integrations can power your auction house into the future, get in touch with our team today.

 

 

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