Auction Management Platform | Discover | iRostrum Online Auctions

What is iRostrum+?

iRostrum+ is an advanced online auction system that incorporates additional comprehensive administration tools for end-to-end consignment and centralised customer management.

iRostrum+ enables you to successfully run your auction business within one system with the capability for additional bespoke integration with existing accounting systems.

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How does it work?

Website Flows Irostrumplus

iRostrum+ Features

Pre-Auction

Customer Management

Centralised customer database for management of all vendors, new registrations, bidders and buyers.
Customer vetting capability for 5ADML compliance
All customer activity recorded against a single client account
Complete overview of all customer activity

Consignment Management

Consignment based inventory procedure
Highly configurable commission charging
Set vendor commission and charges at contract and/or item level
Add extra charges
Comprehensive stock control system
Update and track individual item pre- and post-auction statuses
Log collection status

Create Auctions

Configure Auction Settings
All forthcoming auctions are published on the home page

Lot Management

Allocate items to Auctions
Centralised item management

Only catalogue an item once. Flexible procedures - catalogue on consignment or on auction allocation
Multiple image capability
Upload images individually or via bulk upload tool
Images automatically resized for optimal viewing

Assign lot numbers to items

Auction

Publish & Run

Comprehensive lot search and customised filters
Create Auctioneers Book and Auction Reports
Enter live hammer and buyer results

Bidder Management

Bidder vetting capability for 5ADML compliance

Post Auction

Accounts

Individual and batch generation of buyer invoices and vendor settlement statements
After-auction sales and invoicing
Configurable multiple VAT and TAX calculations including Auctioneers Margin Scheme
Auto-calculation of EU's Artist's Resale Right scheme.
Optional online payment facility

Reports & Insights

Generate documents and reports including vendor sale communications
Export sale and buyer results for external invoicing/accounts

Unsold Lot Management

Process after-auction sales
Re-offer unsold lots into future auctions
Manage customer collections

iRostrum+