EasyKost logo

EasyKost

by EasyKost · Since 2014
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ActiveAvailable globallyCloud
Quick facts
VendorEasyKost
Year launched2014
StatusActive
Location32 Bd Haussmann, 75009 Paris
Countries servedGlobal
Languages2
Integrations
Free tier
Free trial
Contact salesYES

About EasyKost

EasyKost is a product cost management software from EasyKost that supports effective cost control and analysis. It provides costing, cost engineering, and benchmarking so businesses can accelerate their time-to-market and improve their product designs. With EasyKost, users can increase their costing capacity and receive instant cost estimations alongside market price comparisons. The platform is designed to assist teams in managing their product portfolios efficiently, allowing for informed decision-making based on data-driven insights. Additionally, EasyKost incorporates data mining capabilities, further improving reporting and analytics. Key capabilities: costing cost engineering benchmarking data mining reporting Best for: product managers and engineering teams that need effective cost management solutions.

EasyKost is a modern AI-driven product cost management software that stands out in its ability to speed up and refine the costing process for businesses across manufacturing and services. Its main strength lies in using advanced machine learning algorithms to automate estimates, making the process up to three times faster and significantly more accurate than traditional methods. By enabling faster and more precise calculations, companies can respond to RFQs quicker, optimize product costs, and improve their overall time-to-market. What makes EasyKost especially attractive is that it is designed to be accessible even to non-experts in costing. The interface is fluid, ergonomic, and dynamic, with a no-configuration setup that automatically adapts once data is uploaded. The learning curve is minimal, with the company claiming that most users can master the software in less than three hours, which helps democratize costing across different departments rather than keeping it limited to specialized teams. Functionality is where EasyKost shines the most.

Pros & Cons

What users like
  • +Optimizes ML/DL algorithm outputs for cost analysis
  • +Provides interactive analytics for scenario testing
  • +Empowers users to control and verify analysis outcomes
  • +Supports confident decision-making through data exploration
  • +Can be adapted for labour, inventory, demand, or energy forecasting
  • +User-friendly interface with powerful cost driver insights
What users flag
  • Primarily designed for cost optimization, not broader forecasting
  • Requires careful attention to data units for accurate results
  • High data accuracy and quality are essential for effectiveness
  • Organizations must invest in strong data management practices

Features

Key features

AI and Machine Learning Algorithms
The software uses machine learning to automate costing, making estimations faster and more accurate.
Data Mining and Simulation
It has data mining and simulation functionalities that help identify cost optimization opportunities.
Design-to-Cost Feature
This feature allows users to design or redesign products according to a targeted cost.
Cost Control Tower
A unique tool to analyze cost consistency and identify savings on existing product portfolios.
Collaborative SaaS
EasyKost is a cloud-based, collaborative software, making it easy for different teams like R&D, purchasing, and costing to work together.
Reverse Costing
It can determine the best characteristics for a product to achieve a target cost.

Additional features

Cost Estimation
Estimates product, investment, and service costs.
Cost Modeling
Automates the process of creating cost models.
Artificial Intelligence (AI)
Uses AI algorithms to enhance cost estimation speed and accuracy.
Machine Learning
Leverages machine learning to accelerate costing processes and enrich data.
Data Mining
Explores and analyzes product and supplier information to reveal pertinent data.
Simulation
Allows real-time financial impact simulations of different product design scenarios.
Benchmarks
Provides instant cost estimations and market price comparisons.
Cost Control Tower
A tool to identify over-priced products and cost savings opportunities on existing portfolios.
Design-to-Cost
Helps in designing products to meet a targeted cost throughout the product lifecycle.
Reverse Costing
Determines the characteristics needed to achieve a specific target cost.
Cost Engineering
Optimizes product design by focusing on the finished product costs.
Ergonomic User Interface
The interface is described as very easy to use and ergonomic.
Collaborative Software
Allows multiple teams to work together on the same projects.
SaaS/Cloud-Based
Can be easily deployed and accessed via the web.
Cost Drivers Analysis
Identifies and suggests predominant and high-impact cost-drivers.
Reporting and Analytics
Provides tools for analyzing cost performance and making informed decisions.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
2
Interface languages
16
Billing currencies

Interface languages

EnglishFrench

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇳CNY🇮🇳INR🇨🇭CHF🇸🇪SEK🇳🇿NZD🇰🇷KRW🇸🇬SGD🇳🇴NOK🇲🇽MXN🇭🇰HKD

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