CostBits vs Epiq Spend Analysis
CostBits
costbits.comEpiq Spend Analysis
epiqtech.comSide by side
| Figure | CostBits | Epiq Spend Analysis |
|---|---|---|
| Price from | €171/mo | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Plans published | 6 | 1 |
| Spec score · Spend Analysis Software | 8.8 (#1) | 7.2 (#21) |
| Analytics | The platform offers spend analytics, with a core dashboard in the Small plan and full analytics in Business and Enterprise. | Features include drill-down analysis, consolidated spend views, and role-based dashboards with standard, pre-built, and customer-specific reports. |
| Data refresh | The pricing comparison lists monthly data sync for Starter and live sync for Business and Enterprise. | The product describes user-defined classification workflows and single-day refresh processing. |
| Headquarters | Copenhagen, Denmark | San Diego, California, United States |
| Security | The data processing agreement describes risk-based technical and organizational security measures, including possible encryption, confidentiality, resilience, restoration, and regular testing. | The features page describes a secure architecture and hierarchy designed to protect users, reports, and data. |
| Support | Paid packages include group onboarding plus email and chat support. | Epiq describes practitioner training, implementation and rollout support, classification assistance, and multi-channel technical and help-desk support. |
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.
Epiq Spend Analysis
Epiq Spend Analysis has no write-up on Specifiction yet; its figures are above.