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RANKED #1 TECHNOLOGY PLATFORM BidDaySound2.wav
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LIVE AUCTION SIMULCAST BidDaySound2.wav
BIDDAY PROPRIETARY AssetXray BidDaySound2.wav
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MULTI LOCATION SIMULCAST BidDaySound2.wav
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BULK POOL AUCTIONS BidDaySound2.wav
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BULK “CREATE A POOL” SALES BidDaySound2.wav
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ADDITIONAL REVENUE STREAMS BidDaySound2.wav
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BUYER PROFILING TOOLS BidDaySound2.wav
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SALES PRICE LIFT BidDaySound2.wav
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ADVANCED SELLER REPORTING BidDaySound2.wav
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SIMPLE, INTUITIVE, EASY TO USE BidDaySound2.wav
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MULTIPLE METHODS TO SELL BidDaySound2.wav
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AUTOMATED CASCADING SALES SYSTEM BidDaySound2.wav
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BUYER PROFILING AND PROMOTION BidDaySound2.wav
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WIN MORE INVENTORY CONTRACTS BidDaySound2.wav
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OPERATIONAL CAPABILITIES BidDaySound2.wav
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EASILY MANAGE INVENTORY BidDaySound2.wav
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HIGH VOLUME STABLE PLATFORM BidDaySound2.wav
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LIVE BIDDING VIA MOBILE DEVICES BidDaySound2.wav
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REAL TIME DYNAMIC CATALOGS BidDaySound2.wav
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EASY SYSTEM AND VENDOR INTEGRATION BidDaySound2.wav
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CUSTOMER SERVICE BidDaySound2.wav
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BIDDAY CENTRAL CLOSING CRM SYSTEM BidDaySound2.wav
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AUTOMATED IF SALE NEGOTIATION SYSTEM BidDaySound2.wav
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ELECTRONIC SIGNATURE AND PAYMENT SYSTEM BidDaySound2.wav
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VIRTUAL AUCTIONEER BidDaySound2.wav
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ADVANCED ONLINE SECURITY BidDaySound2.wav
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RECORDING SYSTEM BidDaySound2.wav
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WEB 2.0 & Web 3.0 BidDaySound2.wav
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CUSTOM DEVELOPMENT BidDaySound2.wav
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Our Clients Ranked Us #1 Nationally!In 2001 BidDay pioneered the online live simulcast for the automotive industry and has since advanced our proprietary leading edge auction technologyBidDay’s #1 ranked multinational auction technology has massive bandwidth which ensures a 99.97% up-time, providing the most stable platform in the industry to dateOur clients value the platform’s stability, advanced data security, scalability, flexibility, and ease of integrationOur platform is private labeled to over 70 auction companies worldwide. Clients include the government, police, asset management firms, agents, builders, investment groups, and the nation’s largest consolidated listing of independent broker auctions
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LIVE Auction SimulcastMany websites claim they offer live online auctions but simply have an “Offer Submission System” that merely receives bids for later review. Offer submission systems do not bring the energy, excitement & competitiveness from thousands of buyers like a LIVE Auction can. LIVE Auction Simulcasts bring buyers to the ballroom!Ballroom auction companies can now promote their events and bring 1000’s of online buyers from the comfort of their home or office, cost effectively, to compete against ballroom buyers thus elevating the energy and pricelift in the ballroomBallroom and On-site Auctions will love our turn key Simulcast System that is low cost, easy to use, and includes a comprehensive live event management system to control every aspect of your salesOnline mobile buyers love flexibility. Online buyers enjoy the ability to use their iPhones, smart phones, laptops, and PC’s to research and bid, when they want & where they want, which results in increased exposure and more active buyersAdvanced fully integrated video & audio provides the lowest lag time and fastest high quality video stream of any system on the market todayA user friendly Interface for users. Buyers enjoy a user friendly bidding screen that includes property data, pictures, comparables, upcoming property lists, dynamic catalog access, live bid history, live video stream of our auctioneer and even a Multi-Lane Bidding Function that allows bids on multiple properties in different cities … all on one screen!Reach any buyer even at low internet speeds! Buyers can access live broadcasts using low speed internet lines, thus allowing anyone to attend your event even if they are in rural areas or halfway around the worldBidDay’s Powerful “Sellers Repping Feature” saves you effort and time. Sellers no longer need to be present at the ballroom or field dozens of emails/calls/texts to approve “Seller Confirmation” bids. Sellers can now monitor LIVE Simulcast Auctions and instantly approve bids remotely during or following bidding
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BidDay Proprietary AssetXray™We instill buyer confidence, response, and involvement by utilizing BidDay’s AssetXray™ inspection reports that merge National Inspection Standards into a uniform format for a quick and easy interactive damage overview by buyersNever lose marketing dollars again! Each AssetXray™ has an associated property link that stays alive until sale regardless if you change the Event Type, Vendor, Auction Company, or Status. Once a property is sold, the live link provides similar alternative properties for the buyers to review, which raises bidding activity and competitionAssetXray’s™ save your buyer’s time and money, resulting in motivation to spend time reviewing your properties while exposing them to additional properties on your websiteAssetXrays™ provide you unlimited cost effective exposure by linking hundreds of websites. This promotes your assets within advertisements, The MLS, public/public sites, email, text messages, social networks, partner sites, and direct emails sent out during promotionsNever be blacklisted! Have you ever sent e-mail messages to your buyers but later find out that many never reached them? If so, you may be victim of having your mail server blacklisted for SPAM. BidDay’s AssetXray™ helps prevent your company’s website from being flagged as SPAM or blocked by Internet Service Providers (ISP’s). Being blacklisted happens to many companies without them ever knowing it and results in the loss of thousands of dollars over time, hundreds of lost hours in promotion efforts, and forced limitations of your buyer reach
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Multi Location SimulcastBidDay’s Multi-Lane Simulcast Function increases your sale event’s exposure by allowing buyers to view multiple ballroom sales at one time, on one computer screen. Buyers can actively participate and bid on several different properties by different auctioneers in seconds without ever changing screens. Additionally, buyers have the ability to swap the screen in less than 4 seconds and attend auctions in multiple citiesFinally, BidDay’s integrated Notification System pings buyers a few minutes before a property reaches the auction block so you never miss receiving a bid. Buyers can even set customized blinking notifications to notify them of WishList or WatchList matches. These features leverage a buyer’s time and allows them to bid on more properties without ever missing a bid or getting bored waiting for desired properties much later in the run listBidDay’s Advanced Simulcast has a Proxy Bidding Feature to allow buyers to place bids on properties before they run and have the computer bid for them, which results in more bidding activity and less missed events for buyersOur Instant Offer System allows buyers to place offers on no-sale properties immediately which results in more properties being soldBuyers can participate and bid on properties in Multiple Ballroom Locations from the same screenBrokers representing multiple buyers can bid from a single screen
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Bulk Pool AuctionsQuickly allows multiple buyers to register, complete a buyer profile survey, and be placed in “Pending” status for approval by your teamSellers can review buyers profile surveys and their strategiesAssemble properties in multiple pools and allow buyers to competitively bid against each other in a LIVE Real Time AuctionBuyers can configure property profiles based on location, type, price, damage level, and moreSellers can automatically create “Smart Pools” that automatically match each buyer’s profile and wish lists, thus creating pools that are in demand based on what your buyers wantEmpowers buyers to automate their bidding process, using their highest proxy bid, when they are not available during a live online or ballroom auction… essentially their personal automated bidding attendantAllows Sellers to “Rep” their pools during a live auction with ability to change pricing or release to sell anytimeEasily move properties from one pool to another for strategic and promotion strategiesExtensive “LIVE” reporting produces statistics, bidding activity, trends, analysis, and seller recommendations at the click of a button
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Bulk “Create A Pool” SalesBuyers can create custom bulk pools by “hand picking” properties from inventoryDecision systems aid sellers to evaluate the ROI and ratio’s of each buyer’s Custom Pool createdSellers can immediately APPROVE, REJECT, or COUNTER the buyerOnce a Custom Pool is sold, individual properties within the sold pool are simultaneously removed from other pending custom pools (not yet approved for sale), thus automating inventory management and coordination for your team
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Additional Revenue StreamsBidDay provides an ongoing residual monthly income from subscriptions and condition reports to our asset managers, brokers, and banking clients derived from site usersBidDay will continue to revenue share with licensee clients as we develop technology solutions to aid agents, brokers, buyers, sellers, asset managers, bulk sellers, lenders, real estate marketing companies, and auction companies nationwideClients may allocate earned income toward custom development of technology and programming solutions, viral marketing initiatives, or complex data reporting that integrates into your systems
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“Accumulative” Marketing Systems and Customized Buyer Profiling ToolsThe key to effective marketing is a multi-pronged strategy that encompasses not only a push and pull approach but utilizes customized data and analysis to match buyers and propertiesBidDay’s Marketing Systems aid in reaching more closings by addressing the detailed needs of each buyer individuallyOur Advanced “Accumulative” Marketing System not only produces more closings by addressing the detailed needs of each buyer, it also uses prior marketing efforts to drive more buyers to current property listings, thus doubling your marketing effectivenessBidDay’s Wealth ActionPlanner™ is a complex tool that analyses a detailed buyer profile and aligns properties that meet short term and long term wealth strategies on an individual customized levelBidDay’s Customized Wireless Notification System efficiently provides automatic and scheduled alerts when assets match a buyer’s customized profile preferences. This raises buyer interest, participation, and results in more interactive bidding on your assetsBidDay’s Commission Tagging System provides confidence to our real estate agents, auction companies, and buyer groups by providing customized links that tag buyers under their account so they never have to worry about being circumvented againBidDay’s profiled marketing system sends highly customized emails to buyers that aligns properties to their unique preferences and supports personalized wealth goals. This results in a higher response rate while avoiding your emails from being designated as SPAM and being permanently blocked on network servers
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Sales Price LiftThe price lift on properties can be quite impressive when combining technology and a sophisticated marketing system. Just as localized marketing attracts buyers to the physical ballroom, customized online marketing attracts buyers to bid on properties remotely and compete against those floor bidders in the ballroom, resulting in a higher sales price liftBidDay’s sophisticated damage reporting, marketing systems, and analysis tools provide value for online buyers anywhere and everywhere. Online buyers feel that these resources allow them to confidently bid on properties without the need to be physically in a ballroom or even on-site at propertiesMore qualified buyers + accurate data reports = higher sale prices
Higher sales prices occur when a variety of pre-qualified, well informed, and interested interactive buyers are confidently on an equal playing fieldBuyer focused online marketing raises bidding activity and confidence as a result of empowering users with tools that customize their experience, needs, and investment strategyBidDay’s VIAF System has virtual auctioneers who can speak English, Spanish, Japanese, Chinese, Portuguese, Italian, and other languages, thus allowing multiple cultures around the world to bid on the same property at the same time, which raises interest and provides a price lift. -
Advanced Seller Reporting and Analysis
1) Seller reports help with future strategies and budget planning • # of sales, reserves, sales by event, monthly, performance by event, vendor performance, sales ratios, automated recommendations, charts/graphs/historical trends2) Pre-Sale Inventory • Reserves, bids, pre-event sales, Seller ratios3) Event • Performance, reserves met/not, demographics, # bids, #repeat bids, bids by city4) Post sale • Query, standard reports, custom5) Custom • Define variables, filters, create and save custom report -
Simple, Intuitive, Easy to useWhether your team has basic computer skills or is an advanced user, BidDay has spent several years optimizing its system to be intuitive, easy to use, and highly efficient. Training new staff is a snap!Many clients call BidDay the “Apple Computer” of auction technology due to it’s simple user interface and intuitive advanced featuresNo software downloads. Never lose a buyer because they cannot access your site! No software downloads or installations are required of your buyers, vendors, and team. This allows you to dramatically reduce or eliminate customer service questions because there is nothing for users to install on their computersUse any computer or mobile device! Multi-platform independent means your buyers can use all functionality regardless if they use Apple Computers, PC with Microsoft, or PC with Linux. Users can access your sales platform using cell phones, handhelds, laptops, and other web enabled devices
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Multiple Methods to SellIn addition to traditional exposure by agents, properties may be promoted by a variety of event types that include:
• Proxy (eBay style)• Buy Now• Offer Only• Sealed Bid• Dutch (quantity)• LIVE Simulcast (video streamed to online buyers) On-site and Ballroom• VIAF (Virtual Intelligent Auction Facility) – Computerized Auctioneer• Mini Bulk (mixed assets) Sales• Locked Pool Auction Sales• Allow buyers to hand select their bulk pool -
Automated Cascading Sales SystemUse a Cascading Staged Events Feature to moved assets from one event type to the other to maximize exposure while minimizing marketing expenses.Easily define guidelines upfront to automate and optimize sales exposure over various time periods (in conjunction with traditional agent marketing), Example:
• Week 1-3 Online Offer,• Week 3-4 Online eBay Style,• Week 4-5 Online Automated LIVE Auctioneer – VIAF• Week 5-6 LIVE Simulcast Ballroom Auction -
Buyer Profiling with Wireless Notification and Promotion SystemBuyers will appreciate your accurate and informative promotions. BidDay’s platform analyzes the history of each bidder and buyer so that users can be notified when properties match their customized preferences and goals.BidDay’s Automatic Alert Recommendations feature notifies buyers via Email, fax, text, and voice alerts to cell phone. A sample of the alerts include: repair estimates, damages, features, financial, prices, location, property type, price, matches, WishList, and moreCustomized Automated Notifications can be timed, triggered by event occurrence, or even scheduled to send summary property lists and links to each of your buyers, sellers, and vendors.BidDay’s system supports a NO SPAM policy and has designed its processes and systems to be well received by all of your users and vendors.
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BidDay Helps You Win More Inventory ContractsWhether you are a brokerage, asset manager, auction company or investment group, you’ll now have increased leverage to win more contracts by using BidDay's international marketing, inventory management, buyer qualification and closing coordination systems.Private label BidDay’s platform and quickly integrate it into your website to leverage technology with your business expertise - resulting in providing you a system to manage, promote, and sell more properties in less time than your competitors.
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Operational CapabilitiesOur advanced online customer support system allows us to handle hundreds of buyer questions daily with efficiency and accuracy.We have 24/7/365 expert support staff at a highly secured Tier 1 data center.BidDay’s advanced tools monitor your system’s stability and performance.Your data is backed up and stored offsite for regulatory and contingency purposes.
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Easily Manage Your InventoryTremendously reduce your team’s time and expense using BidDay’s Automated Inventory Batch Uploading Feature to manage property data while having your pictures automatically resized and formatted.Manual editing of your data, pictures, & video provides accurate information to buyers, which increases your close rate.Save time quickly assigning or re-assigning properties to sales events and/or your vendors (asset managers,ballroom auction companies, online sellers, onsite sellers, and other vendors).Approve and control user levels (staff, asset managers, brokers, agents, auctions, and other vendors)
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High Volume Stable PlatformOur advanced cloud computing infrastructure ensures your website is always available with a 99.97% reliability,low cost per month, no client maintenance fees, and hyper fast real-time response for your buyers.BidDay utilizes bi-coastal redundant Tier 1 data centers in the USA with an additional high volume Tier 1 data center in Europe… your website will always be available, even when overwhelmed with many buyers.“Pure integration” of Redundant ISPs, firewalls, load balancers, and switches have been incorporated into our infrastructure to eliminate single points of failure and network congestion.
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Live Bidding via Mobile DevicesBring more buyers to the ballroom via iPhones and Smartphones.Buyers can “interact” with property pictures, AssetXray, buyer profiles, property condition reports,comparables, maps, and even skip five properties ahead and research.Buyers use their mobile devices to attend Live Simulcast Ballroom Auctions (or any other online sale type) and bid against those in the ballroom or other online bidders in real time.
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Real Time Dynamic CatalogsEliminate graphic layout expenses with live on-demand property catalogs that are updated every 5 seconds. Also allows printing 1 to 10 properties per page. (Ballroom Auction Companies really benefit from this feature).Custom Catalog Sorting/Filtering allows different users to customize their catalogs layout and content, saving time and effort.Exports our catalogs in many formats (browse/view, print, pdf, excel, word, directly to our system).
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Easy Integration With Your System and VendorsAutomate your website to increase your sales capacity, reduce overhead expense, and increase profit margins by having automatic data loading from system to system on a scheduled or event driven basis.Save programming expenses with our flexible integration system that can receive any input format or data source including:
• Via Excel, API, XML, user editable• Title, comparables, addresses, pictures, deeds, inspections, BPO, etcLow Cost rapid website integration with your financial system• BidDay’s System Integrator has automatic processes to reduce overhead from manual employee data entry, emails, phone calls, report creation -
Customer Service for your buyers and VendorsBidDay has developed a customer service solution that will save your company time, money, resources and confusion, all while providing accurate and efficient communication 24/7 worldwide to your buyers and vendorsOur technology solution provides accurate answers to thousands of customers a day which will reduce or eliminate the need for extensive customer service teams
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BidDayCentral – Closing CRM SystemThis feature does not replace your current closing system process, but instead provides buyers with an interface to interact with vendors, thus reducing emails, calls, and delaysEnsure your buyers have a user friendly closing experience that instills confidence and results in less Buyer fallout with the use of BidDay’s BidDayCentral Closing Coordination FeatureSend invitations to your vendors to register at your private labeled site powered by BidDay’s technology, which allows them to participate in the closing process as usualEasily control and approve all users/banks/sellers/vendors/staff and mgmt while defining access control levelsEfficiently and accurately coordinate all closings by using the Master Tracking Interface ViewQuickly assign properties individually or in a batch to each selected vendor (title, escrow, lenders) or customize the settings to allow automated assignmentsInstantly receive accurate reporting on each vendor’s effectiveness using features that include: Sort, filters, custom status reports, and vendor performance reportsInvestigations are easy to complete as each user’s actions are time stamped and tracked by computer, PC computer chip, and IP address
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Automated “If” Sale (Seller Confirmation) Negotiation SystemBidDay’s system dramatically reduces the number of phone calls and emails during negotiations with buyers on “Seller Confirmation” auction sales that did not meet the hidden reserve priceAutomate your office team using BidDay’s post-auction electronic system that automatically notifies the highest bidder and tracks all interactions while allowing the Seller to respond with one of the three following options:
Approve / Decline / Increase Bid -
Electronic Signature and Document SystemBidDay’s System reduces overhead expenses by auto filling documents and purchase agreements with buyer/property/title/escrow/fees and any other required fields, which reduces errors and aids in your ability to handle more volume of propertiesBidDay has an optional highly secure electronic signature system available to sign purchase agreements and other signature required documentsReduce risk of buyer fallout by utilizing our highly secure electronic deposit system to assign funds directly to any escrow company or selected bank account
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Our Virtual Auctioneer –VIAF SystemBidDay’s VIAF (Virtual Intelligent Auction Facility) has animated auctioneers and fully automated auction technology that simulates a live auction broadcast.State auction licenses are not required and international promotion is a fraction of the costVIAF auctioneers can speak English, Spanish, Japanese, Chinese, Portuguese, Italian, and other languages,thus allowing multiple cultures from around the world to bid on the same property at the same time, which raises interest and provides a price liftBidDay’s Proprietary VIAF auctioneers have many customized settings to control voice accents, speed of speech, attitudes, as well as highly advanced features that mimic a human auctioneer's behavior relating to controlling pricing and increments• Example: Starting high & reducing price until a bid is received
then raising the bids intelligently depending on the rate of
activity & current pricePromote assets midweek or during “off-sale” days for maximum promotion and exposureYou control where the auctioneer starts, the pace that he/she drops looking for a starting bid and the lowest he/she goes (plus several other parameters)Run exciting real time simulcast-like web only eventsSellers Rep’s can remotely approve a bid at any time and communicate via text to voice (the avatar will say what you texted to the buyers) in real time directly to the buyers attending online• Example: “The Sellers says, the property has a new pool ” -
Advanced Online SecurityFully secure system with user registration and account level accessMultiple layers of intrusion prevention and detection systems and policiesDetailed tracking and logging of all user activities in the systemAll financial information is protected with AES encryption and stored in a secure databaseGeographically isolated backup databases and systems for immediate and complete disaster recovery
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BidDay’s Proprietary DVR SystemLive auction digital recording and archive servicePC based- records/playback, forward file to other parties/banksMitigates company risk by tracking all video and data for historical sales, arbitration, evidence, and marketing contentInstantly find exact footage without time based searching – Footage and bidding reports are identified by property address, which allows you to retrieve precise moments without need for a time based search
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Web 2.0 and Web 3.0BidDay employs top experts who are not only savvy at using web 2.0 technologies but also understand the core philosophies and cultural principles that empower both buyers and sellers to achieve the following goals: following goals:Buyers Needs
• Engaging experience• Increased understanding of the industry• Develop core investment skills• Interact with interesting and supportive people• Manage investment risks and performance• Identify partners with integrity• Engage with collaborative vendorsSellers Needs• Attract inventory and buyers• Automate accurate documentation and reporting• Validate data accuracy• Reduce marketing costs• Create loyalty• Leverage marketing effectiveness• Generate LeadsFor many years BidDay has been ahead of the innovation curve of Web 3.0 practices semantic web philosophies by designing our systems with a user centric perspective… meaning users get what they want even when they may not know exactly what they wantAlthough Web 2.0 and Web 3.0 may sound simple to employ, it takes razor sharp experience to balance technology, people’s behaviors, and industry practices so they gel to produce leveraged resultsWeb 3.0 is a “smart” collaboration of innovation and real time data/audio/video and analysis that is automated and tailored to the users’ needs while filtering out Web 2.0 tools that produce excessive extraneous information and spam that diminishes a users time, effectiveness, clarity, and decision making abilities -
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