TrustRadius Insights
EasyKost has been widely used by businesses to streamline their costing activities and optimize their operating margin results. Users have …
Overview
What is EasyKost?
Collaborative SaaS software for cost estimating and data mining.Easykost is offered as a solution to improve design-to-cost and time-to-market performance, create operating synergy between the various jobs and functions, streamline and professionalize the costing and quotation activities.Easykost is a product…
Recent Reviews
Product Details
- About
- Competitors
- Tech Details
- Downloadables
What is EasyKost?
Collaborative SaaS software for cost estimating and data mining.
Easykost is offered as a solution to improve design-to-cost and time-to-market performance, create operating synergy between the various jobs and functions, streamline and professionalize the costing and quotation activities.
Easykost is a product cost management software specializing in cost estimation and cost modeling, using artificial intelligence algorithms. Its machine learning based costing software automates the costing processes and accelerates the time to market on new products, while providing greater accuracy thanks to its algorithms and data enrichment. Its simulation and datamining functionalities, coupled with benchmarks, allow users to identify cost optimization opportunities on product portfolios or purchasing categories by proposing renegotiation, sourcing optimization or Value Engineering options.
The vendor describes it as easy to use, and as having a very ergonomic user interface, EasyKost costing software can be easily deployed within Costing, Purchasing or R&D teams.
EasyKost product cost management software can be used for costing industrial products, investments (installations, buildings, etc.) or services.
EasyKost Features
- Supported: Cost Estimation
- Supported: Savings Identification
- Supported: Data Exploration
- Supported: Cost Modeling
- Supported: Should Cost Modeling
- Supported: Reverse Costing
- Supported: Information Sharing
EasyKost Screenshots
EasyKost Video
Product Demonstration
EasyKost Competitors
EasyKost Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
EasyKost Downloadables
EasyKost Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 0% |
| Mid-Size Companies (51-500 employees) | 0% |
| Enterprises (more than 500 employees) | 100% |
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(5)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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- Pros
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EasyKost has been widely used by businesses to streamline their costing activities and optimize their operating margin results. Users have found the software to be incredibly useful in identifying opportunities for cost savings and improving their product development processes. With EasyKost, comparisons can be made in complete confidentiality, allowing users to evaluate their buying competitiveness and identify the best production regions for their products.
One of the key benefits of EasyKost is its ability to enable users to compare differences between sectors and identify performance criteria. This feature has been highly praised by users as it allows them to gain valuable insights into their industry and make data-driven decisions. Additionally, EasyKost excels in enriching data and providing real-time benchmarking, which further enhances its usability for businesses.
The software has proven to be instrumental in various industries, where it has been successfully implemented as a tool for Cost-Takeout exercises and gap identification. It has helped companies plan and develop initiatives to achieve significant cost savings based on the opportunities identified through the platform. Moreover, EasyKost automates and simplifies the process of cost estimation, eliminating the need for expert knowledge of industrial processes.
Users have found EasyKost to be a reliable solution for automating cost estimation and overcoming the challenges associated with estimating products or services. The software collects data that allows multiple departments within a company to share knowledge and view products from a unique perspective, resulting in more informed decision-making. Its versatility as a SAAS-based software also makes it suitable for design-to-cost and time-to-market performance evaluations.
Furthermore, EasyKost streamlines quotation activities by aiding businesses in determining the cost of new products easily. This feature has saved users valuable time while ensuring accurate cost estimates.
Overall, EasyKost's user-friendly interface and powerful features have made it an indispensable tool for businesses looking to improve costing activities, identify cost-saving opportunities, optimize operations, and make informed decisions based on real-time benchmarking data.
Valuable Tool for Costing Projects: Many users have found EasyKost to be a valuable tool for costing projects, providing benefits to both their team and clients. It helps in laying out a plan to save money by providing cost estimation for products, services, investments, installations, buildings, etc.
Unique Insight into Cost Drivers: Users appreciate that EasyKost offers unique insight into the true drivers of cost across various categories. This sets it apart from other costing software packages and allows for better understanding and analysis of cost factors.
User-friendly and Powerful Product: EasyKost is described as a user-friendly and powerful product. It can identify key cost drivers and find gaps in prices quickly. Its ease of use and accuracy make it a valuable asset that pays for itself in no time.
Cons: Limited data acceptance: Some users have mentioned that the product does not accept data with special characters like %, &, ,, -, ;, /, $, etc. This limitation has been highlighted by a few reviewers.
Accuracy and hyperparameter tuning: A number of users have pointed out that the required accuracy of data can be a downside. They emphasize the importance of accurate data collection and management for organizations aiming to optimize their spend through data-driven software. Additionally, they mention that the software's hyperparameter tuning has a deviation of 5-8% which could be optimized.
Lack of comprehensive support and training options: While EasyKost is enriched with many functionalities, some users feel there are gaps that could be filled to make it the best in the market. They suggest enhancing phone support and email forum functionality, as well as providing documentation and live online training. The availability of more domains for iOS and Android is also mentioned as beneficial by some reviewers.
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
June 24, 2022
Get the best Cost features with EasyKost
EasyKost is wonderful SAAS based software which is excellent to use for the purpose of data mining and cost estimation. Its scope greatly varies in between the design-to-cost and time-to-market performance ,and it can be best suited for the problems like quotation activities ,streamline flow and working of the products. It also helps to determine the cost of new products very easily.
- costing and quotation activities
- cost of new products
- investments for installations, buildings, etc.
- projects using cloud and saas based technologies
- Although enrich with many functionalities it has some gaps which can be filled to make it the best of the arena for e.g phone support and email forum functionality could be enhanced .
- Documentation and live online training could add more features from current world.
- Other than deployment of web based functionality more domains could be added for IOS and android
- costing and quotation activities.
- streamline flow of working
- determine the cost of new products or services
- costing industrial products is positive impact on overall growth
- Phone and chat support needs further upgradation ,somehow leading to bad image
- Cloud and SAAS based web tool are excellent to use .
1. Best in the market
2. Easy to use and handle.
3. Costing investment algorithm is very well designed.
4. Cost to output ratio is also good as per industry standards.
5. Design Management and Dynamic Pricing are the backbones.
6. Elasticity based pricing is also hard to find nowadays
2. Easy to use and handle.
3. Costing investment algorithm is very well designed.
4. Cost to output ratio is also good as per industry standards.
5. Design Management and Dynamic Pricing are the backbones.
6. Elasticity based pricing is also hard to find nowadays
June 20, 2022
Answer for procurement organization and big data challenge which provides you with clients own data and saves money.
EasyKost is the right choice of platform for all of your clients to whom you are providing costing projects. It identifies the opportunities at the right time and collects data that allows multiple departments within a company to share knowledge and see the products from a unique, powerful, and successful perspective.
- Validation for output
- Cost optimization tool
- Saves money
- Accuracy of output
- Accuracy of data
- Data collection
- Data mangement
- Data collection
- Clients own data
- Speed and accuracy
- Saves money
- Cost optimization
- Accuracy of data
- Data mangement
February 16, 2022
EasyKost to cost easy
We are a big group, and we support a lot of services to our clients. A market full of demands ends up with a variety of visions with even more various solutions. So sometimes it's not easy to estimate each and every product as for most of the products we do not have experienced people and designed matrices from the past experiences. So every time we need to lookup for a subject matter expert with rich experience for cost estimations and unforeseen situations. So it was quite a cumbersome as well time taking process which may lead to a bad impression on client/product owners. So EasyKost comes as a solution for the above-mentioned problem statement, for automating and making easy the whole process of cost estimation of products or services which comes out to be deterministic in all possible ways. It's just a matter of a few seconds. Just we need to provide the rich data and that's all. No need for any expert knowledge of industrial processes.
- Cost estimation of products.
- Cost estimation of services.
- Estimation in case of investments as well.
- No need of any expert and in-depth knowledge of industries and process.
- Management of product data.
- Analytics of pricing.
- Hyperparameter Tunning is still coming under 5-8% of deviation, this can be optimized.
- Every time to get the best estimation accuracy of data is expected from the user end, so still, dependency is there.
- One needs to take care of units every time working on any model, so since it's an AI product hence self-learning of the software is expected which could have some sort of suggestion to make the environment even safer.
- Cost estimations for products, services and inventories.
- Generate the interactive analytics and insight altogether.
- Cost tracking.
- Generalization of data set to provide insights to the client for future actions.
- It saved a lot of money and efforts.
- Accuracy about cost estimation is quite good hence no later on deviations from the commitments and hence imparts a good impression on clients.
- Since it works on client-owned data irrespective of present over opensource platforms hence the best possible insights are derived which again helped to get a good hold and grasp over the business.
1. Easykost provides a better and reasonable costing with a very nominal deviation.
2. Very Less customization is required in EasyKost.
3. The best part is the algorithm implied, it's the best in performance and provides a predictive environment to work on.
4. Easier to use and handle.
5. Customer support is quite good, always just an email or just a ping away.
6. Easier to deploy and integrate.
2. Very Less customization is required in EasyKost.
3. The best part is the algorithm implied, it's the best in performance and provides a predictive environment to work on.
4. Easier to use and handle.
5. Customer support is quite good, always just an email or just a ping away.
6. Easier to deploy and integrate.