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EasyKost

Score8.2 out of 10

5 Reviews and Ratings

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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.

Categories & Use Cases

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Reviews

What users are saying about EasyKost.
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Answer for procurement organization and big data challenge which provides you with clients own data and saves money.

Incentivized
HAMZA QureshiView profile
Resident Doctor at DOW UNIVERSITY OF HEALTH SCIENCES (DUHS) (501-1000 employees employees)

Use Cases and Deployment Scope

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.

Pros

  • Validation for output
  • Cost optimization tool
  • Saves money
  • Accuracy of output

Cons

  • Accuracy of data
  • Data collection
  • Data mangement

Most Important Features

  • Data collection
  • Clients own data
  • Speed and accuracy
  • Saves money

Return on Investment

  • Cost optimization
  • Accuracy of data
  • Data mangement

Get the best Cost features with EasyKost

Incentivized
Verified User
Professional in Quality Assurance (1001-5000 employees employees)

Use Cases and Deployment Scope

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.

Pros

  • costing and quotation activities
  • cost of new products
  • investments for installations, buildings, etc.
  • projects using cloud and saas based technologies

Cons

  • 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

Most Important Features

  • costing and quotation activities.
  • streamline flow of working
  • determine the cost of new products or services

Return on Investment

  • 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 .

Alternatives Considered

Price Edge and PROS Smart Price Optimization and Management

Other Software Used

PRICE Cost Analytics (PCA), Price Edge, Price2Spy

EasyKost to cost easy

Incentivized
Verified User
Engineer in Information Technology (10,001+ employees employees)

Use Cases and Deployment Scope

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.

Pros

  • 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.

Cons

  • 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.

Most Important Features

  • 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.

Return on Investment

  • 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.

Alternatives Considered

SiliconExpert

Other Software Used

SiliconExpert

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