COVALYZE 2026: Benefits, Features & Pricing

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On this page

Overview
Pricing and Plans
Features
User Reviews

Overview

COVALYZE

4.5

(6)

Pricing

Starting at €750.00 per month

About COVALYZE

COVALYZE is easy to use and makes procurement experts more efficient and effective in conducting complex supplier negotiations. No matter if you purchase material or services, COVALYZE is the right tool for you:

you need valid price benchmarks for an existing article?
you need reliable target price calculations for new article?
you want to reduce too expensive article variants?
you need a solid savings estimation for a complete category?
you want professional online trainings for your users?
Book a free demo session!

COVALYZE Screenshots

COVALYZE Pricing and Plans

Starting price: €750.00 per month

Free Trial

Free Version

Basic

€750.00

flat rate, per month

No plan information available

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COVALYZE Features

Popular features found in Procurement
Budgeting/Forecasting
Catalog Management
Contract/License Management
Inventory Management
Invoice Processing
Purchase Order Management
Sourcing Management
Spend Management
Vendor Management
More features of COVALYZE
Bills of Material
Data Visualization
Machine Learning
Price and Cost Calculations
Price/Margin Management
Product Configurator
Quotes/Estimates
Reporting & Statistics
Rules Engine
Sales Automation
Visual Configuration

COVALYZE User Reviews

Overall Rating

4.5

Ratings Breakdown

50%

Secondary Ratings

Ease of Use

4.7

Value for money

4.0

Customer support

4.8

Functionality

4.5

Have you used COVALYZE and would like to share your experience with others?

Verified

Reviewer

Consumer Goods

10000+ employees

Used monthly for less than 2 years

Reviewed March 2022

Great Commodity Insights

Covalyze enabled a robust and objective insight into several cost outliers, further supporting the related supplier negotiation and resulting savings. Throughout our data-heavy commodity area, Covalyze help us to clearly identify areas of focus, through slick data regression methods.

Ratings Breakdown

Ease of use

Customer support

Functionality

Pros:

This really enabled me and the team to efficiently interpret significant amounts of cost data, saving time and energy on analysis, and allowing us to better focus on those targeted savings opportunities.

Cons:

I would have preferred more ability to manipulate data further, but access and ability to export is limited.

Johnson P.

Verified reviewer

Consumer Electronics

1001-5000 employees

Used monthly for less than 2 years

Reviewed March 2022

Great Price vs Performance Tool for any Procurement Department

It was a wonderful collaborative experience working with Covalyze to onboard commodities and pioneer the Price vs Performance Regression analysis methodology at Dyson. It has helped Commodity Managers develop another benchmarking tool to support negotiation preparation, enabling them to realise over $2M savings across 10+ commodities.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Covalyze uses a sophisticated and well-developed regression methodology to develop a "price calculator" for commodity costing. The user-friendly interface helps Commodity Managers identify price outliers very easily to address with suppliers and makes progressive steps into developing a commodity cost calculator in alignment with actual commodity cost structures. The software helps to identify potential savings from consolidating spends across similar parts and different suppliers, which highlights and outlines Procurement's priorities for annual negotiations

Cons:

The onboarding process requires a deep commodity understanding of the performance and cost drivers in order to develop an accurate price formula before valuable and accurate insights can be extracted. Fortunately, the Covalyze team is experienced in asking the right questions and have technical expertise/background to develop this with the client.

Jolene C.

Verified reviewer

Consumer Electronics

5001-10000 employees

Used monthly for less than 12 months

Reviewed March 2022

Good cost regression software.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Covalyze has managed to break down a simple component and put a value to the technical characteristic that the component should cost. Although different manufacturer do have different manufacturing processes that ends up with different prices, it is still a good baseline to understand if we are paying at the market price.

Cons:

Covalyze should improve on the download feature so that we can easily download the information that we require for the models that we required/

Nadine D.

Verified reviewer

Consumer Electronics

10000+ employees

Used monthly for more than 2 years

Reviewed April 2022

Dyson MCU

very profession, friendly and helpful having several rounds of discussions with our engineering teams to fully customise to our specific requirements

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

easy to interact with and visual for extracting key information quickly

Cons:

the low frequency at which the market data is refreshed

Vendor Response

Thanks a lot for your feedback and your suggestion for a higher frequency on updating additional market data - we will work on that!

Replied April 2022

Hans Gero Wei Han H.

Verified reviewer

Printing

1001-5000 employees

Used weekly for less than 12 months

Reviewed March 2022

Interessanter, erstaunlich tiefer Einblick ins Materialportfolio

Bestätigung von Bauchgefühlen zu Warengruppe.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Darstellung von Einsparpotenzialen. Automatische Clusterung. Aufzeigen von Gaps in Daten. Gute Präsentierbarkeit um Potenziale sichtbar zu machen.

Cons:

Lernkurve in der Vergleichbarkeit von Materialfeatures. Weiterhin viel manueller Aufwand notwendig.

Jonathan K.

Verified reviewer

Consumer Electronics

10000+ employees

Used monthly for less than 6 months

Reviewed March 2022

Useful Platform for Assessing Cost

Useful platform which for the most part clearly picks out valuable insights from lots of data.

Ratings Breakdown

Ease of use

Functionality

Pros:

The ability to identify cost drivers across an range of parts is helpful, allowing this data to be used to influence engineering teams to mitigate cost where possible. Also helpful is the identification of saving potential, allowing you to prioritise cost down activities where you know there is a lot of opportunity.

Cons:

Due to the high amount of data, it's not always clear in the feature overview section what the units are referring to (Units, Volts, mm, Suppliers, for example)

Showing 1 - 6 of 6 Reviews