Deltek Costpoint vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Deltek Costpoint
Score 5.8 out of 10
N/A
Deltek Costpoint is an ERP soluftion designed for government contractors built around project management and accounting capabilities.N/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
Deltek CostpointWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Deltek CostpointWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Deltek CostpointWorkday Financial Management
Considered Both Products
Deltek Costpoint

No answer on this topic

Workday Financial Management
Chose Workday Financial Management
WFM is integrated with SSO, while others are not fully integrated. SAP Concur was used mostly for expense report management, while Deltek Costpoint was used for project time and cost management. Deltek was not very user-friendly, unreliable, and expensive for what it handled.
Top Pros
Top Cons
Features
Deltek CostpointWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Deltek Costpoint
9.8
5 Ratings
30% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation10.03 Ratings8.418 Ratings
Benefit plan administration10.03 Ratings8.716 Ratings
Direct deposit files10.04 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Deltek Costpoint
9.0
3 Ratings
21% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration9.03 Ratings8.314 Ratings
Plug-ins9.03 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Deltek Costpoint
9.3
7 Ratings
13% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability10.06 Ratings8.720 Ratings
Role-based user permissions8.66 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Deltek Costpoint
2.0
9 Ratings
111% below category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards2.05 Ratings8.423 Ratings
Standard reports2.38 Ratings8.820 Ratings
Custom reports1.89 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Deltek Costpoint
9.2
8 Ratings
19% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable10.07 Ratings9.015 Ratings
Accounts receivable10.05 Ratings9.115 Ratings
Global Financial Support10.03 Ratings8.516 Ratings
Primary and Secondary Ledgers10.03 Ratings8.716 Ratings
Journals and Reconciliations8.05 Ratings8.813 Ratings
Configurable Accounting7.66 Ratings8.316 Ratings
Standardized Processes9.56 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Deltek Costpoint
9.0
2 Ratings
14% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking10.02 Ratings9.09 Ratings
Automatic reordering7.02 Ratings8.69 Ratings
Location management9.02 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Deltek Costpoint
9.6
3 Ratings
21% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing10.03 Ratings00 Ratings
Order entry10.03 Ratings00 Ratings
Credit card processing7.52 Ratings9.110 Ratings
Cost of goods sold10.03 Ratings00 Ratings
Order Orchestration10.03 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Deltek Costpoint
9.0
8 Ratings
19% above category average
Workday Financial Management
-
Ratings
Billing Management8.05 Ratings00 Ratings
Cash and Asset Management10.05 Ratings00 Ratings
Travel & Expense Management9.05 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting9.05 Ratings00 Ratings
Period Close10.05 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Deltek Costpoint
10.0
4 Ratings
27% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting10.04 Ratings00 Ratings
Project Costing10.04 Ratings00 Ratings
Cost Capture10.03 Ratings00 Ratings
Capital Project Management10.02 Ratings00 Ratings
Customer Contract Compliance10.02 Ratings00 Ratings
Project Revenue Recognition10.04 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Deltek Costpoint
10.0
3 Ratings
38% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling10.02 Ratings00 Ratings
Task Insight for Project Managers10.03 Ratings00 Ratings
Project Mobile Functionality10.02 Ratings00 Ratings
Definable Resource Pools10.02 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Deltek Costpoint
10.0
4 Ratings
28% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management10.04 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Deltek Costpoint
8.9
3 Ratings
24% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared8.02 Ratings00 Ratings
Contract Authoring8.02 Ratings00 Ratings
Contract Repository8.02 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated10.02 Ratings00 Ratings
Supplier Management10.02 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Deltek Costpoint
7.0
2 Ratings
7% above category average
Workday Financial Management
-
Ratings
Risk Repository8.12 Ratings00 Ratings
Control Management7.12 Ratings00 Ratings
Control Efficiency Assessments7.01 Ratings00 Ratings
Issue Detection6.01 Ratings00 Ratings
Remediation and Certification6.01 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Deltek Costpoint
7.9
3 Ratings
14% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization8.02 Ratings00 Ratings
Transportation Execution Management9.03 Ratings00 Ratings
Trade and Customs Management5.01 Ratings00 Ratings
Fulfillment Management8.03 Ratings00 Ratings
Warehouse Workforce Management8.02 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Deltek Costpoint
8.0
3 Ratings
6% above category average
Workday Financial Management
-
Ratings
Production Process Design8.03 Ratings00 Ratings
Production Management8.03 Ratings00 Ratings
Configuration Management8.03 Ratings00 Ratings
Work Execution8.03 Ratings00 Ratings
Manufacturing Costs8.02 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Deltek Costpoint
8.0
3 Ratings
10% above category average
Workday Financial Management
-
Ratings
Forecasting8.03 Ratings00 Ratings
Inventory Planning8.03 Ratings00 Ratings
Performance Monitoring8.03 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Deltek Costpoint
7.9
3 Ratings
9% above category average
Workday Financial Management
-
Ratings
Proposal Management7.03 Ratings00 Ratings
Product Master Data Management8.03 Ratings00 Ratings
Best Alternatives
Deltek CostpointWorkday Financial Management
Small Businesses
Acumatica
Acumatica
Score 8.7 out of 10
Acumatica
Acumatica
Score 8.7 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Deltek CostpointWorkday Financial Management
Likelihood to Recommend
1.0
(11 ratings)
8.6
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
1.0
(3 ratings)
9.5
(5 ratings)
Support Rating
1.0
(2 ratings)
9.6
(5 ratings)
User Testimonials
Deltek CostpointWorkday Financial Management
Likelihood to Recommend
Deltek, Inc.
Deltek Costpoint is the most frustrating and clunkiest software I've ever used, and I've been using software for 30 years. The interface appears to have been developed before the internet and HTML and does not appear to use any modern widgets made for HTML. Every button click or menu selection requires a pause while something else loads. Our employees waste much time trying to figure out (what should be) simple tasks, and I've spoken with nobody in our company that likes the software. We've had trainings on Costpoint, but people still have issues constantly.
Read full review
Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
Read full review
Pros
Deltek, Inc.
  • I love how you can cut a check and it opens a PDF version so it can be saved for retention at a later date if needed.
  • I love how you can research vendor history different ways. It allows you to input a range or just enter one at a time.
  • I also love that there are tons of reports that can be run to help with any projects.
Read full review
Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
Read full review
Cons
Deltek, Inc.
  • Customer Care - this is probably the one area that needs the most work.
  • Quality Control Testing - if this area had a higher level of detail prior to releasing updates, it might mitigate the number of patches required for customers.
  • Cloud Based Product doesn't work for every customer. Get multiple references before considering moving to the cloud offering.
Read full review
Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
Read full review
Usability
Deltek, Inc.
It is the most unintuitive system I have ever used. No one understands it right off the bat and the documentation doesn't help much.
Read full review
Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
Read full review
Support Rating
Deltek, Inc.
The software is so huge and clunky that I wouldn't know how to ask for support. Here is my example of support needed: "Hello, I'm filling out my timesheet like I have been doing every day for years, and suddenly this error message came up that says "Error: 6HX7: PLC not available". I just made that up as an example of the cryptic error messages, but what is that telling me?
Read full review
Workday
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
Read full review
Alternatives Considered
Deltek, Inc.
  • Deltek Costpoint was able to provide a few more dimensions than ADP and is better prepared for larger international integration.
  • DATABASICS can meet our dimension needs and provide the same services as Deltek Costpoint at a much lower cost.
Read full review
Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
Read full review
Return on Investment
Deltek, Inc.
  • Costpoint has made it possible for our business to get our invoices paid quickly and on time
  • Costpoint has made it possible for our business to get a ISO audits cleared every year
  • Costpoint has made it possible for our business to always setup projects in a standardized manner that either meets or goes beyond the industry standards.
Read full review
Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
Read full review
ScreenShots

Deltek Costpoint Screenshots

Screenshot of Once a new project has been set up, you are able to link the project to the existing opportunity.Screenshot of Instead of being reactive, the solution’s workforce analytics helps users answer questions about the workforce and planning before hitting a talent shortage. It also helps individuals manage their employees efficiently by streamlining processes.Screenshot of Costpoint’s manufacturing solution links the entire manufacturing process together, automating and streamlining processes, while capturing and monitoring data down to the project level with seamless integration to the financials.Screenshot of With Costpoint’s procurement solution, users have access to real-time data to view company time spent and purchase orders. Individuals can set up dashboards to see what has been ordered, received, and posted. This enables companies to remain organized and be able to analyze information throughout the procurement process.Screenshot of Costpoint’s accounting solution enables users to view and analyze financial trends by the fiscal year through a single dashboard.Screenshot of Project Managers can look across the board at their projects to get a real-time view of all of their projects, in one comprehensive dashboard.