
CostBits
6.9#1 in spend analysis softwareFrom €171 a monthWeb
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| Fact | CostBits | SpendCraft |
|---|---|---|
| Headquarters | Copenhagen, Denmark | Dallas, TX, USA |
| Integrations | 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. | Listed direct connections include SAP, Oracle ERP, NetSuite, Microsoft Dynamics, Workday Financials, Coupa, Ariba, Concur, Snowflake, BigQuery, Redshift, and Databricks. |
| Product | CostBits provides spend control across the source-to-pay process for procurement and finance teams. | SpendCraft is a self-service spend classification and analytics platform for organizations. |
| Security | The data processing agreement describes risk-based technical and organizational security measures, including possible encryption, confidentiality, resilience, restoration, and regular testing. | SpendCraft says customer data is encrypted in transit with TLS 1.3 and at rest with AES 256, and each customer workspace has a dedicated database. |
CostBits suits procurement and finance teams at medium-sized companies that want spend oversight across transactions, contracts and invoices. Plan limits and data access differ by tier.
SpendCraft suits organizations seeking spend classification and analytics, including mid-market finance and operations teams. Its Scale plan is described for companies with $750 million to $2 billion in spend.