CostPoint is a powerful tool in a power packed industry
April 10, 2018

CostPoint is a powerful tool in a power packed industry

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Deltek Costpoint

Costpoint is being used across our company as the primarily accounting and finance system. It works to solve all accounting, finance and project management related issues like revenue recognition, billing, invoices and accounts payable.
  • 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.
  • 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.
Costpoint is a much more powerful tool that Unanet and is more recommend for companies that have a large size. For smaller companies, Unanet can be a good option as it provides a great user friendly experience.
Deltek Costpoint is really well suited for the use in a government contracting industry environment.

Deltek Costpoint is not the best suited when it comes to use in the commercial accounting and finance world.

Deltek Costpoint Feature Ratings

Accounts payable
7
Accounts receivable
7
Global Financial Support
3
Primary and Secondary Ledgers
8
Intercompany Accounting
5
Localizations
4
Journals and Reconciliations
8
Enterprise Accounting
5
Configurable Accounting
6
Centralized Rules Framework
9
Standardized Processes
9
Automated Invoice Processing
7
Shared Services Payments
6
Billings Management
4
Customer Receipt Applications
8
Customer Collections
8
Revenue Recognition
9
Cash Management
7
Asset Management
7
Travel & Expense Management
7
Budgetary Control & Encumbrance Accounting
8
Period Close
9
Transactions Tax
7
Subledger Reconciliations
6
3rd Party Accounting Systems
5
Inventory tracking
8
Automatic reordering
7
Location management
4
Manufacturing module
7
Pricing
6
Order entry
8
Credit card processing
7
Cost of goods sold
8
Order Orchestration
6
End-to-end order visibility
5
Order exception Resolution
9
Pay calculation
7
Benefit plan administration
7
Direct deposit files
8
Salary revision and increment management
9
Reimbursement management
7
Dashboards
7
Standard reports
8
Custom reports
6
API for custom integration
9
Plug-ins
6
Role-based user permissions
5
Single sign-on capability
8
Award Lifecycle Management
9
Spending Control
8
Indirect Cost Management
6
Billing
9
Budgeting and Forecasting
9
Project Costing
8
Cost Capture
8
Capital Project Management
6
Customer Invoicing
7
Customer Contract Compliance
7
Project Revenue Recognition
5
Project Financial Performance Analysis
7
Project Financials Dashboard
6
Real-time Financial Reporting
Not Rated
Embedded Business Intelligence
7
Project Planning Collaboration
7
Project Planning and Scheduling
8
Project Manager Dashboard
7
Resource Manager Dashboard
9
Task Insight for Project Managers
7
Project Manager Mobile Functionality
7
Team Member Task Collaboration
5
Team Member Mobile Functionality
5
Project Candidate Search
7
Project Candidate Comparison and Analysis
8
Defineable Resource Pools
8
Defineable Resource Pools
8
Talent Profiles
6
Real-Time Project Reporting
7
Absence Management
7
Product Lifecycle Management
8
Sourcing Team Collaboration
9
Sourcing Analysis
9
Bids Analyzed and Compared
9
Catalog Shopping E-Commerce for Employees
6
Contract Authoring
7
Contract Compliance Management
6
Contract History
7
Contract Renewal Automation
7
Contract Repository
5
Contract Standardization and Enforcement
5
Electronic Signatures
6
Invoice Automated Matching
8
Purchasing Risk and Compliance Management
7
Requisitions-to-Purchase Orders Integrated
7
Spend Compliance Management
6
Supplier Assessment
7
Supplier Communication and Collaboration
7
Supplier Management
7
Supplier Portal
6
Risk Repository
8
Control Management
7
Control Mapping
8
Control Efficiency Assessments
7
Automated Control Assessments
5
Assessment Capture
8
Issue Detection
6
Automatic Notification
8
Remediation and Certification
6
Transportation Planning and Optimization
8
Transportation Sourcing Management
6
Transportation Process Integration
9
Transportation Execution Management
6
Freight Payment Automation
8
Trade Management
5
Trade Regulatory Compliance Management
8
Customs Entry Management
5
Customs Document Management
8
Customs Document Collaboration
8
Fulfillment Management
5
Inventory Visibility
7
Warehouse Workforce Management
7
Production Process Design
7
Supply Chain Business Flows
6
Production Management
9
Contracted Manufacturing Management
7
Configuration Management
8
Work Definition
6
Work Execution
8
Advanced Fulfillment
7
Manufacturing Costs
8
Forecasting
8
Inventory Planning
6
Multi-tier Supply Chain Planning
8
Performance Monitoring
8
Ideation Management
7
Requirements Management
7
Proposal Management
7
Innovation Portfolio Management
8
Product Master Data Management
5
Vendor Portal
4
Project Portfolio Management
9