Online Auctions.
One of the Use Cases for AccountOne — front-end and back-office systems to run comprehensive Online Auctions.
This Business Model allows for the promotion — and commerce — of any endeavor online, by capturing the attention of a target audience for a specific collection of merchants, vendors and service businesses in a designated geographic area.
The Front-End systems display the Auction inventory items and capture the bids from browsing consumers — imagine a QR Code. The Back-Officeprocessing facilitates all the deliverables of such a Business Model — imagine the billing and collections for the monetary pledges.
The end-product here is a “virtual” functionality for any Silent Auction — with secured payment processing, timely billing and discreet collections, within a Due Diligence cycle.
You can see a sample manifestation of an Online Auction — Demo page for previous Auction (NNKHHT) coming soon.