Corcentric Source-to-Pay vs CostBits
Corcentric Source-to-Pay
corcentric.com
CostBits
costbits.comSide by side
| Figure | Corcentric Source-to-Pay | CostBits |
|---|---|---|
| Price from | — | €171/mo |
| Free plan | — | — |
| Free trial | — | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 1 | 6 |
| Spec score · Spend Analysis Software | 7.4 (#13) | 8.8 (#1) |
| Analytics | The platform provides real-time data for forecasting, category management, decision making, and spend analysis. | The platform offers spend analytics, with a core dashboard in the Small plan and full analytics in Business and Enterprise. |
| Headquarters | Corcentric lists its address as 200 Lake Drive East, Suite 200, Cherry Hill, New Jersey 08002. | Copenhagen, Denmark |
| Integrations | Corcentric says its Core Framework is designed to integrate with ERP, finance, accounting, and other systems. | Listed ERP integrations include Dynamics 365 Business Central, Dynamics 365 Finance & Operations, Business Central On-Prem, Navision, Axapta, and custom integrations such as SAP, Oracle, Infor M3, and IFS. |
| Security | Corcentric says its production SaaS solutions have SOC 2 Type 2 certification and its HIPAA Compliance Program was examined by Schellman & Company. | The data processing agreement describes risk-based technical and organizational security measures, including possible encryption, confidentiality, resilience, restoration, and regular testing. |
| Support | Corcentric offers managed procurement support and expertise, as well as procurement consulting services. | Paid packages include group onboarding plus email and chat support. |
Plans
Corcentric Source-to-Pay
- Corcentric Source-to-PayPriced on request
CostBits
- Gold€171 a month
- Silver€239 a month
- Bronze€327 a month
- BusinessPrice not published
- EnterprisePrice not published
- SmallPrice not published
In their own words
Corcentric Source-to-Pay
Corcentric Source-to-Pay is a web platform that automates work from supplier discovery and contracts through procurement and payment. Its modules cover sourcing, supplier management, contract lifecycle management, procurement, invoice management, financial management, and payments. Procurement workflows include consumer-like catalogs, requisitions, and purchase orders. Real-time data supports forecasting, category management, decisions, and spend analysis. The Supplier Portal lets suppliers turn purchase orders into e-invoices and check invoice status at any time. The Core Framework allows organizations to model workflows and switch functions or module access on or off for users. Corcentric says it is designed to connect with ERP, finance, accounting, and other systems. A Workato partnership adds pre-built, self-service, and customizable connectivity options; the first Workato-powered Microsoft Dynamics 365 Finance and Operations integration was being prepared for launch. The platform is aimed at mid-market companies and global enterprises. Pricing is on request.
CostBits
CostBits provides spend control for procurement and finance teams, bringing transaction, contract, and invoice data into analysis. Its AI checks those records for issues such as duplicate payments, blocked vendors, and invoices dated after a contract expires. It also cleans, normalizes, and categorizes fragmented procurement data from source systems. Contract storage includes smart tagging, expiry alerts, and renewal tracking, with contract data connected to analysis. Spend analytics range from a core dashboard in Small to full analytics in Business and Enterprise. Listed ERP integrations include Dynamics 365 Business Central, Dynamics 365 Finance & Operations, Business Central On-Prem, Navision, and Axapta, plus custom integrations such as SAP, Oracle, Infor M3, and IFS. Small has view-only access and no user exports; Business and Enterprise provide full export and raw data access. Small includes one legal entity, five users, and ten contracts. Business supports up to 20 entities, 50 users, and 200 contracts. Enterprise permits unlimited entities, users, and contracts, with a dedicated data team. CostBits is web-based and offers a 14-day trial, with no free plan.