Covalyze Analytics

Streamline procurement with AI-powered insights that deliver measurable cost savings and strategic intelligence.

Your Challenges

Supplier Overpricing

Suppliers may apply excessive margins or brand premiums without visibility into cost structure

Opacity of Cost Drivers

Procurement and engineering teams often cannot discern which features or technical specs truly drive component cost.

Weak Benchmarking

When a technical design is new, teams lack reliable price benchmarks to set target costs.

Fragmented Technical-Commercial Data

Engineering specifications and price data are stored in disconnected systems, limiting insight.

Product screenshot

How we help

Companies face complex obstacles when managing technical procurement and engineering workflows. We help you overcome these barriers with AI-powered solutions.

See How We Solve This
Manual Technical Drawing Analysis
01

Manual Technical Drawing Analysis

Engineering teams spend hundreds of hours manually extracting specifications from 2D technical drawings, leading to errors and procurement delays.

Learn more
Fragmented Spend Visibility
02

Fragmented Spend Visibility

Procurement data scattered across multiple systems makes it impossible to identify cost-saving opportunities and optimize supplier relationships.

Learn more
Lack of Category Expertise
03

Lack of Category Expertise

Without specialized knowledge across 90+ procurement categories, companies struggle to negotiate competitive prices and evaluate supplier proposals.

Learn more
Time-Consuming Part Comparisons
04

Time-Consuming Part Comparisons

Finding similar parts across thousands of technical specifications requires extensive manual research, slowing down engineering and procurement cycles.

Learn more

Features

Explore COVALYZE Analytics Capabilities

Comprehensive procurement intelligence tools that transform your technical and commercial data into actionable insights for cost optimization and strategic sourcing decisions.

Feature Overview reveals cost drivers through data analysis

Feature Overview reveals how technical attributes like size, thickness, and drillings impact product pricing through data-driven cost analysis. Gain deep insights into which specifications truly drive your procurement costs.

Feature Overview
Get Started with COVALYZE Analytics

Your Path to Procurement Excellence

Discover how COVALYZE transforms your procurement process from analysis to optimization in three strategic phases.

Expert guidance for cost optimization

Book a Demo
01 Analysis

Data collection and spend analysis

We gather and digitize your procurement data, technical drawings, and supplier information to create a comprehensive view of your spending patterns.

30%

~1 week

02 Optimization

AI-powered cost reduction

Our machine learning algorithms identify savings opportunities across 90+ categories, analyzing over 1 billion € of spend data to find optimal pricing.

75%

~2 weeks

03 Implementation

Realize your savings potential

Execute on identified opportunities with our category experts and achieve an average of 6.5% cost reduction per category through intelligent procurement.

100%

Ongoing

Trust & Security

Enterprise-grade security for your procurement data

Your procurement data is protected by industry-leading security standards and compliance certifications. We prioritize data privacy, security, and regulatory compliance.

GDPR Compliant

GDPR

Data Residence EU/Germany

Your procurement data is stored exclusively on secure servers located in the European Union and Germany, ensuring compliance with local data protection regulations.

Role-Based Access & Data Privacy

Control team permissions with granular role-based access management. Your sensitive procurement information remains completely private—we never share, sell, or use your data beyond providing our services.

Two-Factor Authentication (2FA)

Secure your account with multi-factor authentication, adding an extra layer of protection to prevent unauthorized access to your procurement data.
Latest Updates

News & Insights

Stay informed about the latest developments, product updates, and industry insights from COVALYZE.

From Outliers to Opportunities: Similar Part Detection with PartIQ and Covalyze Analytics

From Outliers to Opportunities: Similar Part Detection with PartIQ and Covalyze Analytics

How combining PartIQ and Covalyze Analytics helps identify outliers, find similar parts, and consolidate complexity across entire commodities.

Read More
From 2D Drawings to Structured Attributes at Speed

From 2D Drawings to Structured Attributes at Speed

Turn engineering drawings into machine ready attributes so procurement and analytics can move fast with confidence.

Read More
Part Family Normalization Unlocks Procurement Intelligence

Part Family Normalization Unlocks Procurement Intelligence

Unify technical and commercial views so your teams can compare parts, forecast costs, and act on reliable insights.

Read More
Should Cost Gap Analysis for Manufacturing Leaders

Should Cost Gap Analysis for Manufacturing Leaders

How to reveal savings potential across BOMs and suppliers with normalized data and proven benchmarks.

Read More
View All News
CTA background

Experience the Impact

We are here to help. Contact us for more Information

Get in Touch

Covalyze Analytics

Uncover hidden price driver with our SaaS Procurement Plattform and transform your product development process

PartIQ

Update your ERP Master Record and transform undigitalized 2D-CAD Drawings with PartIQ today

Frequently asked questions.

General

COVALYZE is a data analytics platform that helps companies achieve sustainable cost reductions by digitizing and analyzing technical product data. It combines two powerful products: PartIQ (multi-agent AI for digitizing technical drawings and documents) and Analytics (for identifying cost-saving opportunities through data-driven insights). COVALYZE enables companies to make strategic decisions based on technical features, supplier performance, and market benchmarks. When applying COVALYZE in product development and using our unique target price calculator for new designs, product cost savings of up to 30% are possible!

Analytics

COVALYZE Analytics is a powerful cost optimization platform that combines technical product features with commercial pricing data to identify savings opportunities. It provides four key capabilities: (1) Margin Analytics – revealing which suppliers earn above or below-average margins on your business, (2) Savings Calculation – identifying price outliers and quantifying savings potential, (3) Similar Parts Analysis – finding technically comparable parts with better prices, and (4) Target Price Calculator – generating data-driven target costs for negotiations. The platform has analyzed over €2.1 billion in spend across 110+ categories since 2019.

PartIQ

PartIQ is a multi-agent AI system that automatically digitizes technical drawings and documents into structured, analyzable data. It achieves >95% recognition accuracy from 2D PDF drawings and can extract over 2,500 line items from a single DIN A0 page. PartIQ handles complex technical documents including: drawings with variant tables, multi-page BOMs, wire harnesses, mechanical parts, electronic components, and more. The platform reduces engineering effort in data processing by up to 30% and transforms weeks of manual work into minutes of automated processing. PartIQ provides the technical data foundation needed for COVALYZE Analytics and other AI applications.