CostBits vs Deducta
CostBits
costbits.comDeducta
deducta.comSide by side
| Figure | CostBits | Deducta |
|---|---|---|
| Price from | €171/mo | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Plans published | 6 | 1 |
| Spec score · Spend Analysis Software | 8.8 (#1) | 7.6 (#7) |
| Headquarters | Copenhagen, Denmark | London, England, United Kingdom |
| Security | The data processing agreement describes risk-based technical and organizational security measures, including possible encryption, confidentiality, resilience, restoration, and regular testing. | The security page states that data is encrypted in transit with TLS 1.3 and at rest with AES-256, and that access is logged and auditable. |
| Support | Paid packages include group onboarding plus email and chat support. | The product pages describe support from Deducta procurement, transformation, AI, and data experts who can embed with customer teams. |
| What it does | CostBits provides live spend control across sourcing, contracts, purchasing, invoicing and payment for finance and procurement teams. | Deducta turns enterprise procurement data into a shared source of insight for decision-making. |
Plans
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
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.
Deducta
Deducta turns enterprise procurement data into a shared view for analysis and decisions. Teams can upload raw ERP, P2P, invoice, or spreadsheet exports without preprocessing, or use an optional API connection for automated ingestion. Its contextual AI classifies transactions against a preferred taxonomy and explains those classifications in natural language. The platform also consolidates supplier name variations and duplicates into a traceable view. Users can ask questions and run procurement analyses in natural language, while Deducta identifies and prioritizes savings and operational improvement opportunities at transaction level. Deducta Projects track targets, owners, timelines, and progress as opportunities move toward execution. Automated refreshes can follow a team's preferred cadence; monthly refreshes are described as the minimum. The file upload API accepts Excel, Parquet, CSV, and ZIP files, with a default 50 MB limit. Deducta states that data is encrypted in transit with TLS 1.3 and at rest with AES-256, and access is logged and auditable. Pricing is on request, with no public plan prices shown.