Deltek Costpoint
3 Reviews 2.5/5 ★ ★ ★ ★ ★An ERP software with project accounting and indirect rate applications for government contracting.
Product Overview
Deltek Costpoint is an ERP software for government contracting. It offers capabilities in financial management, HR, project management, and more. Its features, such as advanced reporting, HR process automation, and compliance safeguards, are specifically tailored to meet the complex needs of government contractors and project-based enterprises, ensuring they can manage their operations effectively.Pros
- Straightforward payroll processing
- Comprehensive reports
- Seamless data export to Excel
Cons
- Unintuitive user interface
- Error messages often lack clarity
- Requires consultation for pricing
Target Market
Organizations in the government contracting sector, especially those that require strict compliance with regulations like DCAA.About Deltek Costpoint
Deltek Costpoint is designed for project-driven businesses, providing a suite of applications for an integrated solution that enhances efficiency and profitability. It offers comprehensive functionality tailored to these businesses, including:
- Accounting
- Project Management
- Human Resources
- Time and Attendance
- Operations
- Expense Management
- Payroll
- Recruiting
- Business Development
Deltek Costpoint Key Features
- Project and Financial Management: Automates financial processes for shorter billing cycles, improved decision-making, and enhanced forecasting and budgeting.
- Human Resource Automation: Streamlines HR processes, simplifies compliance, and centralizes HR information.
- Enhanced Decision Making: Converts critical data into actionable insights for better profitability.
- Business Development: Facilitates new business acquisition through automated lead generation and improved performance management.
Deltek AppGRC for Costpoint
Data Protection and Regulatory Compliance
Deltek AppGRC offers an integrated solution for Costpoint users, ensuring regulatory compliance and data protection through:
- Compliance with DCAA, SOX, and other regulations
- Sustainable compliance policies to prevent fraud
- Continuous monitoring to protect data and detect anomalies
- Identification of compliance vulnerabilities
- Enhanced security measures for data and system settings
Deltek GovWin
Business Development for Government Contractors
Deltek GovWin is tailored for government contractors, supporting the entire business development lifecycle with features like:
- Campaign and Lead Management
- Opportunity and Account Management
- Activity and Bid Decision Support
- Proposal Automation
- Contract Data Management
- Analytics and Reporting
Deltek Performance Management
Web-Based Business Intelligence for Project-Driven Enterprises
This application offers accessible business intelligence for project-driven enterprises and government contractors, featuring:
- Comprehensive decision-making support
- A single platform for standardized data
- Aligned budgeting and planning
- Reduced reporting costs through self-service capabilities
Deltek Time & Expense
Workforce Automation Solutions
This suite includes web-based applications for labor, expense, and HR information management, aimed at reducing costs and administrative burdens, with components like:
- Deltek Time Collection: Streamlines payroll and billing, enhances decision-making, and ensures compliance.
- Deltek Expense: Optimizes expense report processing and managerial decision-making while ensuring regulatory compliance.
- Deltek Employee Self-Service: Reduces HR and payroll costs and minimizes employee administrative tasks.
Product Overview
User Reviews of Deltek Costpoint
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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
