Liquidation auction software is a type of auction software that is specifically designed to manage and facilitate the sale of liquidation and clearance inventory. This software enables auctioneers to organize and conduct auctions of large quantities of inventory efficiently, while also providing tools to manage and track sales, payments, and shipping. Liquidation auction software typically offers features such as automatic bid increments, reserve price settings, and reporting and analytics tools. It is often used by retailers, wholesalers, and manufacturers to liquidate excess inventory, discontinued products, or returned merchandise.