TrustRadius Insights for Deltek Costpoint are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Pros
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.
Deltek Costpoint is being used by the Finance & Accounting mainly. Other departments use it as needed to gain required information.
Pros
I love the capability to look at my project data at specific levels or to roll it up to the top level. This allows management to see just what they need and not have a lot of extraneous data. It allows you to really personalize how you want your project information set up.
The ability to set users up with just the permissions to see gather the information needed. Specifically making sure that the information can only be changed by the proper people. That way we can make sure that separation of duties is maintained and sensitive information can be protected.
Having the chance to personalize reports to each user is awesome. Then you don't have to wade through mountains of unneeded data.
Cons
What I dislike is closely related to what I like about Costpoint. You can easily get lost in the multitude of menus. Although that is being constantly looked at and worked on.
Some of the processes are extremely complicated and If your are not careful you can easily mess up the whole process with one change. Although the error notifications are really good at preventing this from happening often!
Likelihood to Recommend
Deltek Costpoint is an amazing system. Make sure that you review what you need your software to do and then examine if it is the best fit for what you need. Look at your company processes to choose the best integration process. Meet with several integration consultants to find the one that understands what you company's needs during the integration and testing process. Also make sure that your staff is properly trained. Deltek provides many ways in which to gain the required training from Deltek University to webinars, white papers, and highly knowledgeable consultants.
We use Costpoint for many aspects of our business. We heavily rely on this system for our everyday business needs. It personally has been a great help with being more productive and provides and easier workflow.
Pros
Ease of use
Great customer service
Multiple functionalities
Cons
Some of the functions don't always work properly
Unnecessary warnings when entering invoices against a PO
Likelihood to Recommend
I rely heavily on Costpoint every day for my accounting needs. The only issues I tend to have with using Costpoint are some of the reporting functions and converting to reports to other programs such as Excel.
