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Deltek Costpoint

Deltek Costpoint

Overview

What is Deltek Costpoint?

Deltek Costpoint is an ERP soluftion designed for government contractors built around project management and accounting capabilities.

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Recent Reviews

TrustRadius Insights

Deltek Costpoint is a versatile solution that caters to various departments within an organization. Program managers rely on Costpoint for …
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Deltek CP User

8 out of 10
February 23, 2018
It is used by the Finance Department. It addresses consolidation of all our data in one location.
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Costpoint 7 all the way

7 out of 10
June 28, 2017
We use Costpoint for many aspects of our business. We heavily rely on this system for our everyday business needs. It personally has been …
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Popular Features

View all 66 features
  • Single sign-on capability (6)
    10.0
    100%
  • Accounts payable (7)
    10.0
    100%
  • Standard reports (8)
    2.3
    23%
  • Custom reports (9)
    1.8
    18%
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Pricing

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N/A
Unavailable

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.

9.8
Avg 7.2

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

9
Avg 7.2

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.

9.3
Avg 8.1

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

2
Avg 7.0

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

9.2
Avg 7.6

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

9
Avg 7.9

Order Management

The ability to process orders, and track them from quote to cash.

9.6
Avg 7.8

Subledger and Financial Process

Revenue management solution including capabilities for subledgers and financial processes

9
Avg 7.4

Project Financial Management

Project financial management solution including capabilities for project budgeting, cost control, billing and contract management.

10
Avg 7.6

Project Execution Management

Project execution management solution including capabilities for project scheduling, resource management, and team member task management.

10
Avg 6.8

Grants Management

Grants management solution for higher education, public sector, or non-profits with capabilities for managing financial awards for program and project funding

10
Avg 7.6

Procurement

Procurement management solution with capabilities for sourcing, contracting, procure-to-pay and supplier management

8.9
Avg 7.0

Risk Management

Risk management solution with capabilities for managing controls, assessing control effectiveness, certifying controls, and addressing deficiencies

7
Avg 6.5

Logistics

Logistics solution with capabilities for transportation planning, transportation execution, trade compliance, customs management, warehouse management and warehouse workforce management.

7.9
Avg 6.9

Manufacturing

Manufacturing solution for managing manufacturing processes and costs.

8
Avg 7.5

Supply Chain

Supply Chain Planning solution with capabilities for planning, performance monitoring, change responses and execution.

8
Avg 7.2

Product Lifecycle Management

Product Lifecycle Management solution with capabilities for innovation management, product development

7.9
Avg 7.3
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Product Details

What is Deltek Costpoint?

Built on 30+ years of experience, Costpoint is presented by Deltek as an industry leading solution that offers all-in-one project and accounting management for government contractors. Centralizing the management of projects, people and finances, it can scale for firms of any size. Costpoint is designed to enable users to improve operational efficiency, have visibility into real-time insights and it supports compliance and security needs.

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.Screenshot of One screen makes time entry easier than ever before with the ability to be completed anywhere, anytime. Users can quickly enter hours, auto load charge favorites, look up charges from favorites or charge trees as well as make revisions and review hours.

Deltek Costpoint Integrations

Deltek Costpoint Competitors

Deltek Costpoint Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

Frequently Asked Questions

Deltek Costpoint is an ERP soluftion designed for government contractors built around project management and accounting capabilities.

Sage Intacct, NetSuite ERP, and Acumatica are common alternatives for Deltek Costpoint.

Reviewers rate Pay calculation and Benefit plan administration and Direct deposit files highest, with a score of 10.

The most common users of Deltek Costpoint are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(40)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

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:

  1. Hiring a consultant for a successful implementation, considering all costs and finding a reputable consulting company.
  2. Emphasizing proper training and setup, including reviewing company processes, using provided training materials, and ensuring correct configuration to avoid errors and ensure accurate reporting.
  3. 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.

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