Technology solution
Procure: Reverse Auction Platform
Making energy procurement effortless, transparent, and economical
Strategic & Intelligent Energy Procurement
Depending on the size and scope of your business need, the entire RFP process could take anywhere from one to six months, which is why, for many businesses and government entities, the rigorous RFP process is one of pure dread.
Luckily, the entire process became remarkably simpler with the invention of the reverse auction. Over the past few years, increasingly more businesses have begun utilizing the new technology to streamline the RFP process and save over 85% of employee time on average.
Getting the best energy pricing should always be a fair and straightforward process. At Mantis Innovation, we look out for your organization – and your bottom line
Using Procure, our proprietary Reverse Auction, Mantis helps businesses, government agencies, schools, and all types of organizations procure the lowest possible electricity and natural gas rates. Simply put: when suppliers compete, you win.
Complimentary Energy Analysis
We offer a complimentary Energy Analysis, which will analyze your consumption profile and financial goals. We can then advise on supplier contracts as well as energy efficiency solutions, green power options and utility bill audits.
Our Energy Procurement Process
Energy Assessment
To understand your organization’s energy needs, we review your budget, risk management goals, operational patterns, and historical usage data to uncover opportunities to lower your costs.
Strategic Planning
Once your assessment is complete, we develop a robust energy strategy tailored to your budget, risk tolerances, and your organization’s short-term and long-term energy needs.
Select Your Rate, Term and Supplier:
Drawing on our extensive network of energy suppliers, we create a customized list of suppliers whose pricing, terms, and capabilities meet your objectives.
Contract Management:
Once you’ve narrowed down your options, your Mantis Innovation Energy Analyst will help you navigate the contract process so you fully understand the new terms. If edits to the contract are needed, our team is always on hand to provide expert insights and assistance.
Ongoing Support
After you’ve secured your contract, your Mantis Innovation Energy Analyst continues to monitor energy market conditions.
Watch a Video Demo Now!
Reverse Auction Benefits
Through Procure, Mantis can manage its clients’ energy supply needs and create optimal savings opportunities in a whole new way.
Eliminate the Back and Forth
All vendors can participate simultaneously, ensuring that the lowest price is achieved while significantly reducing time.
Participation
is Free
You will never have to worry about out-of-pocket expenses to conduct a Reverse Auction.
Detailed Summary and Savings
To help make your decision easier, every auction comes with a detailed summary and cost comparison analysis.
Save Time and Resources
Your time is valuable, which is why we ensure auctions only last for 5-10 minutes on average.
Full Transparency
You will see every offer that is provided by all participating vendors.
Live Auction Replay
Mantis provides you with a video recording of your auction event to ensure compliance for any regulatory audits.
No Obligations
You can sign a new contract with your preferred vendor, wait for another time to run a new auction, or simply not contract at all.
Equal Terms
Mantis ensures that suppliers competing for your business offer identical products – meaning no post-auction surprises.
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