Overview
What is Deltek Costpoint?
Deltek Costpoint is an ERP soluftion designed for government contractors built around project management and accounting capabilities.
TrustRadius Insights
If you care for your employees' time and well-being, stay away from Deltek
Deltek Costpoint is landfill fodder
Strong ERP works globally in all industries.
Deltek Costpoint - They're good at sales
Definitely purchase version 7.1 if you hate your employees
I love Deltek
CostPoint is a powerful tool in a power packed industry
An Semi In Depth Review of Deltek Costpoint from a Tech Guy
Deltek CP User
The Possibilities are Endless
Costpoint 7 all the way
Popular Features
- Single sign-on capability (7)7.070%
- Accounts payable (8)3.030%
- Standard reports (8)2.323%
- Custom reports (9)1.818%
Reviewer Pros & Cons
Pricing
What is Deltek Costpoint?
Deltek Costpoint is an ERP soluftion designed for government contractors built around project management and accounting capabilities.
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 10Pay calculation(3) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 10Benefit plan administration(3) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 10Direct deposit files(4) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 8API for custom integration(4) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 8Plug-ins(4) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 7Single sign-on capability(7) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 8Role-based user permissions(7) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 2Dashboards(5) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 2.3Standard reports(8) Ratings
The software offers pre-built reports with metrics standard to the category.
- 1.8Custom reports(9) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 3Accounts payable(8) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 5Accounts receivable(6) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 3Global Financial Support(4) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 3Primary and Secondary Ledgers(4) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 5Journals and Reconciliations(6) Ratings
Automate and synchronize ledgers and processes
- 6Configurable Accounting(7) Ratings
Configure accounting rules and segments for each chart of accounts
- 6Standardized Processes(7) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 10Inventory tracking(2) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 7Automatic reordering(2) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 9Location management(2) Ratings
The software can track multiple goods across multiple locations.
Order Management
The ability to process orders, and track them from quote to cash.
- 10Pricing(3) Ratings
Users can set up complex and unique pricing requirements.
- 10Order entry(3) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 7.5Credit card processing(2) Ratings
The software facilitates credit card processing.
- 10Cost of goods sold(3) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 10Order Orchestration(3) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
Subledger and Financial Process
Revenue management solution including capabilities for subledgers and financial processes
- 4Billing Management(6) Ratings
Access role-based billing work area, perform discrete and recurring billing
- 10Cash and Asset Management(5) Ratings
Manage liquidity and cash requirements, asset transfers, disposals, reclassifications, and financial adjustments
- 6Travel & Expense Management(6) Ratings
Enter expenses from mobile devices, integrate credit card and travel booking, configure policy enforcement
- 6Budgetary Control & Encumbrance Accounting(6) Ratings
Control spending at any budget level or time interval
- 6Period Close(6) Ratings
Sustain fast close with integrated subledgers, intuitive dashboards, embedded collaboration
Project Financial Management
Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.
- 10Budgeting and Forecasting(4) Ratings
Establish project budgets and forecast future project financials
- 10Project Costing(4) Ratings
Standardize, track, and control costs at all project phases
- 10Cost Capture(3) Ratings
Capture costs including those for procurement, financials or time and labor, including from external systems
- 10Capital Project Management(2) Ratings
Track and manage capital asset costs
- 10Customer Contract Compliance(2) Ratings
Associate projects or tasks with customer contracts, and lines within contracts, to meet billing terms
- 10Project Revenue Recognition(4) Ratings
Recognize project contract revenue in line with accounting policies and regulations
Project Execution Management
Project execution management solution including capabilities for project scheduling, resource management, and team member task management.
- 4Project Planning and Scheduling(3) Ratings
Interactive Gantt chart for establishing tasks, durations, and delivery schedule
- 7Task Insight for Project Managers(4) Ratings
Project manager visibility into task progress of team members
- 10Project Mobile Functionality(2) Ratings
Capabilities for project functions such as updating and monitoring task progress and timecards from mobile devices
- 7Definable Resource Pools(3) Ratings
Definable and hierarchical resource pools of potential project resources
Grants Management
Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding
- 4Award Lifecycle Management(5) Ratings
Manage the life of program funding awards from initial funding to close-out
Procurement
Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management
- 8Bids Analyzed and Compared(2) Ratings
Evaluate, compare and recommend across multiple bids in real-time using diverse user selected criteria and graphical analytics
- 8Contract Authoring(2) Ratings
Document authoring with guided navigation, negotiation templates and productivity tools for reviews and collaboration
- 8Contract Repository(2) Ratings
Secure and searchable contract repository leveraging standard company language components, structures and formats
- 10Requisitions-to-Purchase Orders Integrated(2) Ratings
Create touchless purchases using purchase orders generated automatically per rules from approved requisitions
- 10Supplier Management(2) Ratings
Broadly manage and report comprehensive supplier profiles, capabilities and performance; identify bottlenecks; balance allocations, workloads
Risk Management
Risk management solution with capabilities for managing controls, assessing control effectiveness, certifying controls, and addressing deficiencies
- 8.1Risk Repository(2) Ratings
Idenity, document, and manage business risks in a unified repository
- 7.1Control Management(2) Ratings
Establish and update risk and controls matrix, control test plans, and instructions
- 7Control Efficiency Assessments(1) Ratings
Assess control effectiveness on criteria such as geography, business unit, compliance requirements, etc
- 6Issue Detection(1) Ratings
Detect and create issues as part of the assessment flow
- 6Remediation and Certification(1) Ratings
Create and update remediation plans and certify controls
Logistics
Logistics solution with capabilities for transportation planning, transportation execution, trade compliance, customs management, warehouse management and warehouse workforce management.
- 8Transportation Planning and Optimization(2) Ratings
Plan shipments across all modes of transportation via lowest costs/highest service
- 9Transportation Execution Management(3) Ratings
Execute and track shipping orders
- 5Trade and Customs Management(1) Ratings
Manage duties, tax rates, customs documents, and other data required for products shipped in and to specified countries
- 8Fulfillment Management(3) Ratings
Support for multi-channel demand and execution fulfillment processes
- 8Warehouse Workforce Management(2) Ratings
Set goals, measure actuals, and analyze productivity for warehousing tasks and activities
Manufacturing
Manufacturing solution for managing manufacturing processes and costs.
- 8Production Process Design(3) Ratings
Define data for plant hierarchy, process standards, work areas, calendars and standard operations
- 8Production Management(3) Ratings
Centralized critical status information for production supervisors
- 8Configuration Management(3) Ratings
Capture and process customer configuration orders
- 8Work Execution(3) Ratings
Monitor procution status, manage work orders for standard and non-standard production, enforce tight controls on serialized products
- 8Manufacturing Costs(2) Ratings
Estimate, plan and monitor costs and variances by plant. Capture resource costs using standard, actual, LIFO, FIFO or multiple costing methods.
Supply Chain
Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.
- 3Forecasting(4) Ratings
Statistically forecast based on historical patterns and sales input, monitor accuracy and estimate new demand
- 2Inventory Planning(4) Ratings
Establish projected inventory levels, monitor actual levels and compare with projected levels
- 4Performance Monitoring(4) Ratings
Analyze business metrics and compare actual performance to plans, identify issues, prioritize demands and respond to changes
Product Lifecycle Management
Product Lifecycle Management solution with capabilities for innovation management, product development
- 7Proposal Management(3) Ratings
Capture budget, resource, and benefit expectations for proposals
- 8Product Master Data Management(3) Ratings
Create, classify, and manage product items, BOMs and product changes
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Deltek Costpoint?
Deltek Costpoint Screenshots
Deltek Costpoint Integrations
Deltek Costpoint Competitors
Deltek Costpoint Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Frequently Asked Questions
Comparisons
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Reviews and Ratings
(41)Community Insights
- Business Problems Solved
- Pros
- Cons
- Recommendations
Deltek Costpoint is a versatile solution that caters to various departments within an organization. Program managers rely on Costpoint for real-time tracking of project status, performance, and funding. The Finance & Accounting department primarily utilizes Costpoint for financial system purposes, while other departments access the required information as needed.
For accounting purposes, Costpoint is heavily relied upon for tasks such as invoicing, billing, accounts receivable, and accounts payable. It serves as the primary accounting and finance system, effectively addressing revenue recognition, billing, invoices, and accounts payable. Additionally, employees across the organization utilize Costpoint for completing billing period time sheets and tracking billable hours.
The integration with Cognos allows for comprehensive reporting and analytics, enabling the generation of insightful reports to support decision-making processes. Furthermore, the asset and inventory management modules are planned to be deployed by the end of 2018, further enhancing Costpoint's capabilities.
While it serves as an efficient timekeeping system for the organization, Costpoint struggles with interfacing with other systems. Reports and outputs require reformatting and currently lack customization and filtering options. Nonetheless, Costpoint's ability to consolidate all data in one location proves advantageous for the Finance Department.
Overall, Deltek Costpoint meets complex requirements related to government consulting contracts by offering reliable expense and time tracking capabilities. Its broad range of functionalities improves productivity and workflow throughout the organization while providing essential financial insights for decision-making purposes.
Efficient Check Processing: Users have praised Deltek Costpoint for its feature that allows them to cut a check and open a PDF version, which can be saved for retention purposes. This has been mentioned by several reviewers as a valuable tool for streamlining payment processes.
Flexible Vendor History Research: Several users have found it helpful that Deltek Costpoint offers various ways to research vendor history, such as inputting a range or entering one vendor at a time. This flexibility has been appreciated by multiple reviewers who find it convenient for conducting thorough vendor research.
Abundance of Reports for Project Management: Many users have expressed satisfaction with the abundance of reports available in Deltek Costpoint. These reports assist with project management tasks and are considered valuable tools by multiple reviewers.
Customer Care Improvement Needed: Several reviewers have expressed the need for improvement in the customer care service of Deltek Costpoint. They feel that the support and attention provided to customers should be enhanced to ensure a better user experience.
Quality Control Testing Insufficient: Some users believe that there is room for improvement in the quality control testing process before releasing updates. They suggest that more attention to detail during testing could reduce the number of patches required by customers, as they have experienced bugs or issues that could have been avoided with thorough testing.
Cloud-Based Product Limitations: There are concerns among reviewers regarding the limitations of the cloud-based product offered by Deltek Costpoint. Potential customers are advised to seek multiple references before considering this option, indicating that there might be compatibility issues or other limitations associated with it.
Users commonly recommend the following three actions for using Deltek Costpoint:
- Hiring a consultant for a successful implementation, considering all costs and finding a reputable consulting company.
- Emphasizing proper training and setup, including reviewing company processes, using provided training materials, and ensuring correct configuration to avoid errors and ensure accurate reporting.
- Thoroughly evaluating Deltek Costpoint to meet specific needs by reading about the product, seeking expert advice, assembling the right implementation team, and being aware of potential time-consuming features after upgrading.
Attribute Ratings
Reviews
(1-6 of 6)In my opinion, Average buggy software no matter what new shine they try with Union-something
- Timesheet entry for employees
- Project cost accounting for managers
- Time management
- App stability in Windows
- Integration with other apps
- User interface and user friendliness
- Search features
- It's hard to tell. It's a poorly design application from a UX perspective.
- Poor UX overall
- not intuitive (e.g., confusing labeling and iconography)
- too many clicks and steps to accomplish tasks
- does not allow to delete rows that have not data at any time
- does not appear to have been properly user-tested
Deltek Costpoint is landfill fodder
- I can't find anything the Costpoint does well.
- Cumbersome: Tasks that should be simple require complex operations.
- Non-intuitive error messages: Error messages come up frequently and many are so cryptic that only the software designers would know what they intending to convey.
- Non-intuitive flow: Filling out time sheets or expense reports is not intuitive the first few times you use it, nor is it intuitive after years of use. Error messages are frequent and not helpful.
- Expense report attachments can only be PDF format, which means I can't take a photo of a receipt with my phone and transfer it directly in JPG or PNG. This requires (like so many other things in Costpoint) extra unnecessary steps.
- Loss of information: In the timesheet module, if you forget to click "save", or if you click "save" and walk away and do not see an error message (with might take several seconds to appear), you lose all the information you entered. That means perhaps another 20 minutes navigating this frustrating and clunky application.
- Non-intuitive: The many buttons across the top are like "what the heck is that? I'll click it just to see what it does".
- Expense report redundancy: There are times when doing expense reports that the same information needs to be entered more than once.
- Expense report searching: Finding a previously submitted expense report is non-intuitive, and when I do find it, absolutely no information is given.
- Expense reports: When I attempt to find an old expense report (by again navigating through too many buttons, i.e., clicking time & expense --> expense --> expense reports --> manage expense reports), a new expense report is generated. I then click on "query" to find an old expense report, and it tells me that changes have not been saved in the current expense report (although I navigated to "manage expense reports" and did not ask the software to create a new one).
- Outdated: The interface appears to have been made in the 1980s.
- There are so many other little frustrating things in this software that coupled with the appearance and bugginess, I would call it the worst software I've ever used.
Deltek Costpoint - They're good at sales
- Deltek Costpoint was good at recording hours worked and tracking PTO accruals.
- There were not enough dimensions for our project needs. We often had to combine fields, which resulted in a lot of project lines.
- I cannot stress enough how important it is to make reports easy to customize.
- Real-Time PTO balances would be helpful when running PTO reports.
- Needs a mobile app
Definitely purchase version 7.1 if you hate your employees
- Tracks hours per project
- Their UI is dated
- Too many steps are needed to complete simple tasks
CostPoint is a powerful tool in a power packed industry
- Costpoint is really good with providing users with a variety of accounting solutions from Project Setups to revenue recognition to Purchase orders. This software has it all under one roof.
- Costpoint has the ability to handle large amounts of data and it neatly organize that data in the form of meaningful reports.
- Costpoint interfaces really well with other Deltek products like Time and Expense and Cognos and makes the use of data across multiple platforms seem seamless.
- Costpoint can be a bit more user friendly as compared to its competitors and would therefore be easier for people to pick up
- Costpoint also struggles to interface well with other non-Deltek owned software and provides difficult challenges to companies with large structures and organizations using multiple tools.
- Certain tables in Costpoint can be really hard to monitor from an audit trail perspective and these row updates on the data tables are not readily accessible to front end users.
Deltek Costpoint is not the best suited when it comes to use in the commercial accounting and finance world.