Powerful analytics solution with procurement & cost control
We help businesses with procurement and cost control. A powerful analytics solution built by professionals to bring transparency to your costs. We are laser focused on actionable insights and as a result our clients typically enable 4-11% year on year 3rd party supplier cost reductions.
On average saved with our solution
Collaborate better with their team
On average less time wasted
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Did you know that third party supplier cost typically represents 50-70% of any companys entire cost?
C-suite as well as functional leaders are continuously looking for ways to reduce cost. Lack of cost transparency means that most fail to realize their cost reduction targets.
This lack of transparency leaves significant cost reduction opportunities hidden for those who do not have the right cost transparency tools available.
We change the game with procurement and cost control
We are a group of entrepreneurs, senior businesspeople and x-consultants who got frustrated of seeing good solutions turn bad.
You can learn more about our solutions or our company. And you are always welcome to contact us to hear more about procurement and cost control.
“Procurement was understaffed and our CFO did (rightfully) not really trust our reporting – since it didn’t fit with his accounting perspective on the supplier cost. Having now a uniform and easy to use CostBits solution that both Finance and Procurement can engage in – we can focus on execution and support each other in creating results instead of discussing data and poor numbers.”
“Their sales team did tell us that making a similar solution ourselves was not as easy as we made it up to be. Six months later we had only covered the basics, got stuck in excel and CSV files plus neither our data mapping nor the deep analytics visuals really worked. We went back to CostBits for their solution and got back on track in weeks.”
“We thought that we already had great spend insights. We had the latest BI tools available, an existing external spend solution and a robust data collection setup. However when CostBits engaged our users – our own staff confirmed that no one used the inhouse BI setup and that they really only used 1-2% of the VERY expensive external spend solution. By moving to CostBits we finally provided our staff with a tool fitted for their actual purpose and right out of the box.”
We’d love to meet you and talk about procurement and cost control
Contact us anytime for anything relating to cost! If our solution can help then that’s great – but if you just need general advice and guidance on how to improve your company cost performance – contact us anyway and we will gladly support with free guidance!
