Sealed-bid RFQs & live auctions
Run a sealed tender, watch quotes land live, or open a reverse auction where suppliers bid the price down. You pick the mode per RFQ; suppliers never see each other's identity.
UltraHospitality.AI › Ultra SupplyChain › Source
Sourcing Platform
Go get a better price — on your terms
Source is the e-sourcing module: run sealed-bid RFQs, open live reverse auctions, and award line by line with your own suppliers and Ultra's vetted network. No AI ever awards a contract — you decide, with a full comparison in front of you and every action logged.
What Source does
Your suppliers + our vetted network
Invite the suppliers you already work with, alongside Ultra's vetted vendors for your categories. No AI ever awards — you decide, with a full side-by-side comparison.
Split awards, POs & audit trail
Award line by line across multiple winners, send branded purchase orders with payment terms, and keep a tamper-proof activity log of every step — compliance-ready by default.
Three bidding modes
Live-to-buyer, sealed reveal, or reverse auction with anti-snipe — chosen per RFQ. Cross-vendor signals are K-anonymized, so no bidder can reverse-engineer a competitor's price.
Payment terms & financing
Cascade payment terms from hotel to category to bid, and offer suppliers optional early-payment financing — without ever exposing factoring costs in a buyer view.
Intelligence, not auto-pilot
Quotes become price intelligence you can promote into your cost model on a human decision — never an automatic feed. You stay in control of every award and every number.
Tender smarter, award with confidence
Start from the spend Analyze surfaces, then put it out to bid with Source.