Deltek Costpoint
7 Reviews 4/5 ★ ★ ★ ★ ★An ERP software with project accounting and indirect rate applications for government contracting.
Product Overview
Built on 40 years of industry expertise, Deltek Costpoint is the leading ERP software for government contractors of all sizes. As your all-in-one solution, Costpoint connects your project data and processes while bringing innovation and time-saving automation across the entire project lifecycle–from accounting to shop floor. With built-in functionality and a compliant framework, our solution helps you meet complex government regulations–including cybersecurity compliance requirements through our integrated cloud offerings–while earning a reputation for delivering successful projects on time and on budget.
Pros
- Gain visibility into projects and finances
- Streamline processes, including BD, source to pay, and manufacturing
- Remain Audit-Ready
Cons
- Requires consultation for pricing
Target Market
Deltek Costpoint is ideal for small, medium, and large organizations in the government contracting sector. Costpoint is the top ERP solution for Government Contractors seeking project management, financial tracking, and DCAA compliance.Costpoint is more than just the industry-leading ERP system for government contractors. It is a modern and innovative solution that adapts to the changing needs of the GovCon industry. With every release, Costpoint introduces innovations and AI-enabled features that help customers of all sizes automate the project lifecycle and improve their efficiency and decision-making while maintaining compliance.
Costpoint offers:
- Accounting
- Business Development
- Business Intelligence
- CRM & Contract Management
- Cloud
- Human Capital Management
- Integrations
- Project Management
- Manufacturing
- Operations
- Payroll
- Resource Planning & Budgeting
- Supply Chain & Procurement
- Time & Expense
Deltek Costpoint Key Features
- Business Development: Deltek’s Business Development solutions are built to help you find and win government contracts.
- Business Intelligence: Make smarter, fact-based business decisions with all the information in one location by applying AI to BI.
- Cloud Compliance: Costpoint GovCon Cloud Moderate (GCCM) has officially achieved FedRAMP Moderate Ready status by the Federal Risk and Authorization Management Program (FedRAMP®).
- CRM & Contract Management: Modernize contract management with centralized data, automated processes, and application integration.
- Human Capital Management: Connect projects, costs, and people through a fully integrated talent management suite.
- Integrations: Enhance your project and accounting management solution by integrating your preferred software tools via Costpoint’s Web Services and Extensibility Design Studio.
- Manufacturing: End-to-end project management that automates processes and provides real-time information.
- Project and Financial Management: Connect your project data and gain enhanced visibility to better align resources, monitor costs, and invoice more quickly.
- Remain Audit Ready: Save up to 80% of time preparing for audits while meeting necessary government accounting and cybersecurity regulations.
- Resource Planning & Budgeting: Gain better project visibility with extensive budgeting, forecasting, and resource planning tools.
- Supply Chain & Procurement: Reduce procurement cycle times and improve days payable outstanding with a single integrated solution.
- Time & Expense: Manage time and expense with an integrated, mobile-friendly, and DCAA-compliant solution.
Product Overview
User Reviews of Deltek Costpoint
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Having Costpoint as our compliant ERP system has not only saved us the headache of worrying about compliance, saving cost but also it creates the opportunity for us to continue to grow as a small business. With real time visibility and access into our data, we can better plan and grow our business!
Costpoint has helped us connect and automate our business project lifecycle with better data analysis, performance indicators, ease of accounting functionality, and major reduction of manual processes.
We are now able to streamline our processes integrating and automating our financial, project, contract, and business development information in a single solution. Our reporting abilities, invoicing speed, and invoicing efficiencies have improved dramatically. Right off the bat, we were able to avoid hiring an additional employee because of the efficiencies that Deltek gave us. Our financial auditors (both DCAA and 3rd Party External CPA rm) are much more comfortable with our reporting as well.
We had a great Deltek sales representative. We worked with them and an industry partner to scope our implementation. Currently in implementation and things are going great so far! The future is bright!
DCAA Compliant, All in one integrated system from BD to contracts to accounting. Easy to implement. Their recent updates have been great, user interface as vastly improved over the past year.
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We were sold Deltek as the crown jewel of DCAA compliant accounting software but once we began rolling out the system, we realized it was quite the opposite. We found the software very archaic and complicated. It was severely labor intensive to complete one task and then if a mistake was made, trying to correct it was a nightmare. We felt like we needed an entire education just to be somewhat knowledgeable of the system. Overall it was a poor fit for our company.
There is alot to the system. We are just getting used to it. I like the way the program works after we became familar with it. Our consultants are not as knowledgable as we would like.
We are just getting our December balances back now in Febuary which tells you all you need to know.
The features are great and it does what we need. Alot better than the other options we looked at.
Expesnsive and we had to switch to an accountant that is familar with Deltek which is costing us more than our old one.
Our implementation consultants are having a difficult time implementing and converting our quickbooks data. This indicates that this is a difficult software to implement and use. It is not for the faint of heart. There are a lot of minute configurations and the transactions require a lot of data entry on multiple screens. A lot of data goes in, but it takes a very, very experienced resource to get anything out of it. Plan on hiring at least one resource for the sole purpose of admining and maintaining this application.
Integrated project management and financials
Clunky, cumbersome, not intuitive, hundreds of nooks and crannies
