Creating supplier contracts is easy. Defining business processes? Simple. Getting people to actually follow them? That's where every organization bleeds money.
Here's the uncomfortable truth: Your colleagues and suppliers don't comply with your business rules. They never have, and they never will—unless you can see the problems as they happen.
That's exactly why we built CostBits Issues —a revolutionary live data mining system that instantly surfaces every compliance, fraud, data quality, and savings issue across your entire organization - all the time also when you are not working!
Most procurement and finance teams spend weeks crafting perfect supplier agreements and internal policies. Then those documents gather digital dust while reality unfolds differently. Honestly, most procurement organizations don't even update their purchasing systems with the new contracts after a sourcing event, but that is a totally different story about maverick buying. But even for the ones who do update their system, they still bleed money.
Why? Because "detection happens too late"—usually during quarterly audits or annual reviews when the damage is already done. By then, you've already:
Traditional data analysis requires extracting data, building reports, and manually hunting for problems. By the time you find an issue, it's ancient history.
CostBits Issues mines ALL your transactions continuously—every purchase order, every invoice, every payment. This creates three game-changing advantages:
The moment a supplier charges the wrong price or an employee makes an off-contract purchase, you know about it. Not next quarter. Not next month. Now.
Just like Dania Plast discovered when they uncovered 100,000 DKK in annual savings by catching overcharging errors they didn't even know existed. Their new CostBits platform made it immediately clear they were paying too much—and they fixed it instantly. 30 min work - one phone call - 100k DKK per year in the bank!
We don't dump millions of transaction rows on your desk. Instead, our system processes that data and delivers clear, actionable Issues you can point-click-solve. Each Issue includes:
This is part of our broader approach to instant cost transparency —giving you immediate insight into your procurement spend without drowning you in spreadsheets.
Forget spending months configuring dashboards or hiring consultants. CostBits data mining capabilities work out-of-the-box, delivering an ever-evolving list of hard-fact live Issues from day one.
Our global network of customers helps us continuously expand the Issues we detect, adding new ones every single week:
Instead of juggling multiple tools and spreadsheets, you get one consolidated Issue list with full capability for delegation, resolution, or skipping on any supplier, issue type, or event level.
This transforms Issue management from a complex analytical project into a simple admin oversight task. No new data extracts. No manual data mining. No rule-based analysis creation. Just one list per Issue type with instant delivery.
Whether you're managing a single category, handling oversigts in controlling or just trying to juggle the 7-9 simultaneous procurement tasks your boss is throwing at you Issues gives you the visibility you need to execute your strategy flawlessly.
The best way to understand how Issues changes your procurement and finance operations is to experience it yourself.
Try CostBits free for 14 days - no credit card needed.
Or book a demo with our team to see how organizations like yours are using live Issue detection to stop compliance failures before they cost thousands.
Ready to stop playing catch-up with your business rules?
CostBits Issues delivers the live visibility you need to turn policy into practice—instantly and automatically.
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.