Wavebid and NextLot together developed NextLot One, an innovative new product intended to streamline the operating process for auctions. NextLot One provides an all-in-one auction management software. Cataloging, marketing, online bidding, clerking and accounting are all integrated in the package. Using a single software removes the burdensome, time-consuming processes of continually exporting and importing data between systems, which drives down labor costs and improves efficiencies. The ease of this system enables auctioneers to get better content to the market faster, resulting in increased bidder engagement and higher overall profitability.