An Semi In Depth Review of Deltek Costpoint from a Tech Guy
Updated April 10, 2018

An Semi In Depth Review of Deltek Costpoint from a Tech Guy

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Deltek Costpoint

Deltek Costpoint, as well as Time and Expenses, is used by 95% of our whole organization from accounting to operations. My team and I assist in troubleshooting, upgrading as well as administrating Costpoint. We are currently on CP 7.1 but migrating to the most current version. Costpoint is heavily utilized by our accounting department from invoicing, billing, accounts receivable and accounts payable. Costpoint has also been integrated into Cognos. My company hopes to deploy the asset and inventory management modules by end of 2018.

Pros

  • Invoicing
  • Billing
  • Cost Accrual

Cons

  • System Resource Hog
  • Support Resolution Time
  • Unified Patching and System Visibility
  • Reporting & Analytics
  • The additional resources provide my company and senior management with more depth to grow and add new projects.
  • Streamlining our invoicing and billing process. Makes accounting happy when invoices are sent out on time and are paid.
  • Shortening our closing and provides report potential for project management with more detailed analysis of reports.
There really isn't that much competition beside Financial Edge GCS. Costpoint is easier to use and has a slew of additional features or I should say modules (Time and Expense, Inventory and Asset Management, IBM Cognos) over the competitors. In the earlier iterations of Cognos it was a system resource hog as it needed multiple servers. However in the upgrades/updates this issue has been addressed and now it fits into one server as opposed to three. I must also add that it is a more stable environment but heavily integrated and relies on Microsoft Office as well as SharePoint.
We utilize Costpoint for many aspects of our business in particular accounting and operations. We heavily rely on this system for our everyday business needs in regards to reporting, payroll and accounts payable. It has easy workflow, general ledger, and configurable accounting as well as sub-ledger and financial process functionality.

Deltek Costpoint Feature Ratings

7.7
Accounts payable
8
Accounts receivable
8
Global Financial Support
7
Primary and Secondary Ledgers
8
Journals and Reconciliations
8
Configurable Accounting
8
Standardized Processes
7
6.8
Billing Management
8
Cash and Asset Management
6
Travel & Expense Management
7
Budgetary Control & Encumbrance Accounting
7
Period Close
6
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
7.6
Pricing
8
Order entry
9
Credit card processing
8
Cost of goods sold
6
Order Orchestration
7
9.0
Pay calculation
9
Benefit plan administration
8
Direct deposit files
10
7.0
Dashboards
6
Standard reports
8
Custom reports
7
4.5
API for custom integration
4
Plug-ins
5
9.5
Role-based user permissions
10
Single sign-on capability
9
6.0
Award Lifecycle Management
6
Not Rated
Budgeting and Forecasting
Not Rated
Project Costing
Not Rated
Cost Capture
Not Rated
Capital Project Management
Not Rated
Customer Contract Compliance
Not Rated
Project Revenue Recognition
Not Rated
Not Rated
Project Planning and Scheduling
Not Rated
Task Insight for Project Managers
Not Rated
Project Mobile Functionality
Not Rated
Definable Resource Pools
Not Rated
Not Rated
Bids Analyzed and Compared
Not Rated
Contract Authoring
Not Rated
Contract Repository
Not Rated
Requisitions-to-Purchase Orders Integrated
Not Rated
Supplier Management
Not Rated
Not Rated
Risk Repository
Not Rated
Control Management
Not Rated
Control Efficiency Assessments
Not Rated
Issue Detection
Not Rated
Remediation and Certification
Not Rated
7.7
Transportation Planning and Optimization
8
Transportation Execution Management
8
Trade and Customs Management
Not Rated
Fulfillment Management
7
Warehouse Workforce Management
Not Rated
6.5
Production Process Design
7
Production Management
6
Configuration Management
6
Work Execution
7
Manufacturing Costs
Not Rated
6.7
Forecasting
7
Inventory Planning
6
Performance Monitoring
7
6.5
Proposal Management
5
Product Master Data Management
8

Using Deltek Costpoint

50 - Operations, Customer Care, Accounting, IT

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