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CostBits
What CostBits is
CostBits is a web platform for procurement and finance teams seeking spend control across the source-to-pay process. Its AI checks transactions, contracts, and invoices for duplicate payments, blocked vendors, and invoices after contract expiry. It cleans, normalizes, and categorizes fragmented procurement data, then provides spend analytics, savings opportunities, supplier analysis, category analysis, automated refresh, and multi-currency analysis. Contract storage includes smart tagging, expiry alerts, renewal tracking, and links between contract data and analysis. ERP connections include Dynamics 365 products, Business Central On-Prem, Navision, Axapta, and custom integrations such as SAP, Oracle, Infor M3, and IFS. Small offers view-only access, while Business and Enterprise add exports and raw data access. Plans have monthly sync or live sync depending on tier. A 14-day trial is available; there is no free plan.
Who it suits
CostBits is aimed at medium-sized companies bringing procurement and finance work together. It fits teams needing AI data cleaning, contract oversight, spend analysis, and ERP connections.
What it does well
- AI detects transaction and invoice issues
- Cleans and categorizes procurement data
- Includes contract expiry alerts
- Supports supplier and category analysis
- Offers multi-currency analysis
What to know first
- No free plan
- Small has view-only data access
- Enterprise has a DKK 631,000 minimum implementation fee
Limits
Small covers one legal entity, five users, and ten contracts, with view-only access and no user exports. Business supports up to 20 entities, 50 users, and 200 contracts; Enterprise has unlimited entities, users, and contracts and a minimum DKK 631.000 / €84.404 implementation fee.
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Gold | €171 per user /month; €2,531 maintenance fee / month · 11-15 users · implementation fees may apply | €171 a month |
| Silver | €239 per user /month; €1,621 maintenance fee / month · 6-10 users · implementation fees may apply | €239 a month |
| Bronze | €327 per user /month; €919 maintenance fee / month · 1-5 users · implementation fees may apply | €327 a month |
| Small | mo · 1 legal entity · 5 users · 10 contracts · chat support · view-only data access; no user export | On request |
| Business | mo · Up to 20 legal entities · 50 users · 200 contracts · 5 scenario builders · full data export and raw data access · premium support | On request |
| Enterprise | mo; implementation fee: Min. DKK 631.000 / €84.404 · Unlimited legal entities, users, and contracts · dedicated data team · custom ERP integrations priced on request · data cleaning and categorization SLA | On request |
As costbits.com lists them, read 15 Oct 2026. The maker's own page has the final word.
Getting started
- Open the CostBits website
- Use the web platform
- Start the 14-day trial
- Connect a listed ERP or request a custom integration
- Choose Small, Business, or Enterprise
Verdict
CostBits combines procurement data cleaning, issue detection, contracts, and spend analytics in one web platform. Tier limits, unlisted plan prices, and the Enterprise implementation fee matter when selecting a plan.
Questions
Does CostBits offer a free plan?
No. CostBits is paid and has no free plan, but a 14-day trial is listed.
Which platforms does CostBits support?
CostBits is listed as a web platform.
What does the Small plan include?
Small includes one legal entity, five users, ten contracts, a core dashboard, chat support, and view-only data access without user exports.
What integrations are available?
Listed ERP integrations include Dynamics 365 Business Central, Dynamics 365 Finance & Operations, Business Central On-Prem, Navision, and Axapta. Custom integrations such as SAP, Oracle, Infor M3, and IFS are also listed.
Do Business and Enterprise include data exports?
Yes. Business and Enterprise include full data export and raw data access.
Facts from CostBits's own pages
- AI data cleaning
- The platform uses AI to clean, normalize, merge and categorize procurement data from multiple sources. · costbits.com, 15 Oct 2026
- Analytics
- The platform offers spend analytics, with a core dashboard in the Small plan and full analytics in Business and Enterprise. · costbits.com, 29 Sept 2026
- Company focus
- LinkedIn describes the company as using deep data analytics to help SMEs execute procurement effectively and responsibly. · linkedin.com, 15 Oct 2026
- Company founding
- LinkedIn states that CostBits was founded in 2020. · linkedin.com, 15 Oct 2026
- Company headquarters
- LinkedIn lists headquarters at Applebys Plads 7, Copenhagen, Denmark. · linkedin.com, 15 Oct 2026
- Company location
- The company lists Copenhagen, Denmark, as its location. · costbits.com, 29 Sept 2026
- Company size
- LinkedIn lists CostBits as a privately held company with 11–50 employees. · linkedin.com, 15 Oct 2026
- Contract alerts
- Automated expiration, renewal, notice-period and compliance alerts are included in the contract repository. · costbits.com, 15 Oct 2026
- Contract fields
- Contracts can hold financial commitments, payment terms, notice periods, termination clauses and penalty conditions as structured data. · costbits.com, 15 Oct 2026
- Contract repository
- The contract module stores active, draft and expired supplier agreements in one dashboard with ownership and commitment information. · costbits.com, 15 Oct 2026
- Contract term limit
- The SaaS agreement sets a minimum 12-month initial term and automatic 12-month renewals unless cancelled with at least three months’ notice. · costbits.com, 15 Oct 2026
- Custom deployment
- CostBits offers a custom service that embeds reused platform components inside a customer’s own environment and integrates with its ERP and finance stack. · costbits.com, 15 Oct 2026
- Custom development
- Its bespoke-development offering can produce ground-up spend or data platforms with client-owned code priced per project. · costbits.com, 15 Oct 2026
- Data access
- The Small plan provides view-only access without user exports, while Business and Enterprise include full data export and raw data access. · costbits.com, 29 Sept 2026
- Data cleaning
- CostBits uses AI to clean, normalize, and categorize fragmented procurement data from source systems. · costbits.com, 29 Sept 2026
- Data refresh
- The pricing comparison lists monthly data sync for Starter and live sync for Business and Enterprise. · costbits.com, 29 Sept 2026
- Detected issues
- The product page advertises more than 53 critical financial-data issues and another page lists more than 75 targeted live controls. · costbits.com, 15 Oct 2026
- ERP integration
- The service offers native ERP data extraction and specifically lists Microsoft Dynamics 365 Business Central integration. · costbits.com, 15 Oct 2026
- ESG capability
- CostBits converts procurement costs into Scope I, II and III or CO2-equivalent views to support sustainability analysis. · costbits.com, 15 Oct 2026
- Fraud monitoring
- CostBits identifies duplicate payments, suspicious spending signals and vendor non-compliance across suppliers, invoices and contracts. · costbits.com, 15 Oct 2026
- Free trial
- The pricing page offers a 14-day trial without requiring a credit card. · costbits.com, 15 Oct 2026
- GDPR processing
- CostBits processes personal data under documented controller instructions and states that GDPR and applicable data-protection law continue to apply. · costbits.com, 15 Oct 2026
- Headquarters
- Copenhagen, Denmark · costbits.com, 28 Sept 2026
- Hosting
- The SaaS agreement says customer data is hosted by CostBits after capture, cleaning, enrichment and stitching. · costbits.com, 15 Oct 2026
Where CostBits stands on Freedom251
- Spend Analysis Software#3 of 36