At Dania Plast, we've spent recent months working to gain better transparency into our indirect costs. As part of that effort, we started using CostBits to get a structured overview of our purchasing.
What struck me from the start was how intuitive the system is once you get familiar with it. In a short time, I had a clear, prioritized overview of our spending categories – and it made it easy to see where there might be potential for optimization.
During one of my first reviews, I noticed that our cleaning expenses were higher than expected. It didn't require heavy analysis or a lengthy investigation process; it was actually just a matter of clicking through the relevant categories and thinking:
"Well, that's quite a bit of money..."
With that overview, I could quickly enter into dialogue with our supplier, and the result was a renegotiation of our agreement – with annual savings of approximately 100,000 kr.
A really promising start to our work with CostBits and proof that when data is presented in a clear and intuitive way, you can quickly turn insights into real value.
Mark Wolff, COO, Dania Plast
At CostBits, we equip mid-size businesses with the tools to master this balance. Our data-driven platform unifies global and local efforts, delivering the insights and control needed to optimize compliance, sourcing, and spend management.
Ready to elevate your procurement game? Check out our top 20 free tips for rapid supplier cost reduction or reach out to see how CostBits can transform your hybrid model.
Don’t let missing data hold your business back. Explore our top 20 free tips for rapid supplier cost reduction or contact CostBits to learn how our platform can unlock the full potential of your invoice data.