PRODUCT INFORMATION:

Vendor: Deltek, Inc

Release Date: 2001

PRODUCT MARKET FIT:

500 - 10,000 Employees

$50M-1B+ Revenue

 

DEPLOYMENT:

✅ Cloud

❌On-Premise

CUSTOMERS: 8,000 +

WHAT IS DELTEK COSTPOINT?

Deltek Costpoint ERP is a software solution that enables organizations to manage their finances and resources more effectively. 

Deltek Costpoint can help organizations in a variety of industries to better manage their finances and resources. The software is especially well-suited for construction, engineering, and manufacturing companies.

Costpoint can help these companies control costs and improve project management and coordination. The software provides users with powerful tools to track labor, material, and overhead expenses. It also offers comprehensive budgeting and scheduling features. Deltek Costpoint can help companies in a variety of industries. 

Some of the key features of Deltek Costpoint include:

  • Tracking of labor, material, and overhead costs
  • Project budgeting and scheduling
  • Improved financial visibility
  • Enhanced project coordination
DOWNLOAD FULL GUIDE
  • MODULES & FEATURES

  • PROS & CONS

  • IMPLEMENTATION & ONBOARDING

  • INDUSTRY FIT

  • HISTORY

Modules & Features List

Some of the key features of Deltek Costpoint includes:

  • Project management tools to help the companies plan, track, and execute projects more efficiently
  • Financial management capabilities to help businesses better understand and manage their finances
  • Resource management features help organizations optimize their use of resources

These powerful features make Deltek Costpoint an invaluable solution for companies in a variety of industries. By helping businesses better manage their projects, finances, and resources, Deltek Costpoint enables them to operate more effectively and ultimately improve their bottom line.

Deltek Costpoint is a comprehensive enterprise resource planning (ERP) solution that offers a full suite of core modules and functionality to help organizations manage their finances, projects, and resources. 

Its core modules and functionalities are as follows:

Financial Management & Accounting

Every business needs a good financial management and accounting system to make smart decisions about where to allocate resources and how to grow the company. Deltek Costpoint offers many features that can help businesses track spending, manage invoices, optimize cash flow, and more.

This ERP solution offers robust accounting features, including:

  • General Ledger
  • Accounts Payable
  • Accounts Receivable
  • Fixed Assets

Time Management

Deltek Cospoint's Time Management features allow you to easily track and manage your time to stay on top of your projects and deadlines. With these features, you can:

  • Track your time against projects, tasks, and clients
  • View detailed reports of your time usage
  • Generate invoices based on your time tracking
  • Create and manage project timelines
  • Set up alerts and reminders for upcoming deadlines

Expense Tracking 

Deltek's Costpoint Expense Tracking solution is a powerful yet easy-to-use tool to help your organization manage and track expenses. With Costpoint, you can quickly and easily see where your money is being spent, identify trends, and take action to improve your bottom line. With these features, you can:

  • Ensure compliance with corporate expense policies
  • Automate the expense reporting process
  • Integrate with your existing accounting and financial systems
  • Streamline approvals with an electronic workflow
  • Gain visibility into expenses across your organization
  • Reduce the cost and effort of processing expenses

Procurement

Deltek Cospoint's procurement features streamline the procure-to-pay process for organizations of all sizes. With powerful sourcing, contracting, and spending management tools, Costpoint helps organizations save time and money on their procurement operations in the following ways.

Comprehensive procurement capabilities that streamline the entire process, from requisition through to purchase order and receipt of goods

  • Powerful workflow functionality that automates and accelerates the approvals process
  • Advanced spend analysis tools that provide visibility into spending patterns and trends
  • A central repository for all procurement-related documents, ensuring easy access and compliance with corporate policies
  • Integration with leading financial systems for seamless data exchange

With Deltek Costpoint Procurement, your organization can realize significant cost savings, improved efficiencies, and greater control over the entire procurement process.

Resource Management

Deltek Costpoint is a comprehensive resource management solution that enables organizations to manage their resources more, including people, finances, and projects. Costpoint allows businesses to:

  • Gain a real-time view of their resources and project statuses
  • Make more informed decisions about resource allocation and project prioritization
  • Streamline financial and human resources management processes

Businesses use Costpoint in various industries, including construction, engineering, and IT.

Robust Reporting and Analytics

Deltek Costpoint Robust Reporting and Analytics provides users with the ability to quickly generate custom reports, as well as perform an in-depth analysis of their data. With this tool, businesses can make better decisions based on real-time insights into their operations.

  • Robust Reporting and Analytics features help you quickly get the insights you need to make better decisions.
  • Easily create customized reports and dashboards with a wide range of pre-built templates.
  • Drill down into the details to discover hidden trends and patterns.
  • Seamlessly share reports and analytics with your team for improved collaboration.

Pros & Cons

Pros

Costpoint is a comprehensive enterprise resource planning (ERP) solution for project-based businesses. It offers various features and capabilities to help organizations manage finances, projects, resources, operations, and sales. Some of the key benefits of using Costpoint are:

Deltek Costpoint is flexible and can be customized to fit your organization's specific needs.

  • The software is designed specifically for government contractors, including all the features and functionality needed to manage your finances.
  • The software is web-based, so you can access it anywhere at any time.
  • Deltek Costpoint offers a free trial to try out the software before making a purchase.

Cons

While Deltek Costpoint can be an extremely valuable tool for businesses of all sizes, you must consider the following potential drawbacks before making a purchase decision.
  • The initial setup of Deltek Costpoint can be time-consuming and complex. 
  • The user interface can be difficult to navigate and may take some time to get used to.
  • There have been some reports of technical glitches and issues with customer support.

Implementation & Onboarding

Deltek Costpoint is a cloud-based software application that helps you manage your business finances. It offers project management, time and expense tracking, accounts receivable and payable, and financial reporting. Moreover, you can access Costpoint from any internet-connected device, making it a convenient solution for businesses of all sizes.

Furthermore, Deltek Costpoint is available as a software-as-a-service (SaaS) solution, which means it is hosted by Deltek and accessed via the internet. It is also available as a privately hosted solution, which means it is hosted by a third-party provider and accessed via the internet. Finally, Deltek Costpoint is available as an on-premise solution, which means it is installed on your servers and accessed via your internal network.



Industry Fit

  • Deltek Costpoint was built for the engineering, construction, and professional services industries. Customers who use the solution include AECOM, Booz Allen Hamilton, and Deloitte. The solution helps these companies manage their projects, finances, and resources more effectively.

    However, Deltek Costpoint is a project-based accounting software that is used by businesses in a wide range of industries. It helps companies manage their finances by tracking income and expenses, forecasting future spending, and preparing detailed reports on project profitability. Some notable customers who use Deltek Costpoint are HBO, Lockheed Martin, and NASA.

    The Costpoint is designed to give companies a complete view of their business. It includes everything from financial information to project management data. With this overview, businesses can make informed decisions about where to focus their efforts to be most successful. Additionally, the software can help managers predict future project needs and adjust budgets and staffing as needed.

History

While Deltek Costpoint was not built from scratch by its vendor, the software has a long and storied history. It was originally developed by American Management Systems (AMS). Deltek acquired AMS in 2007, and Costpoint has been part of the Deltek product portfolio ever since. The software has undergone many changes and improvements over the years. However, it retains its core functionality and remains a popular choice for enterprise resource planning (ERP) among government contractors.

Acquired in 2010, Deltek Costpoint was part of the larger acquisition of Deltek by software and information technology provider, The Carlyle Group. Before the acquisition, Deltek operated as an independent company. The addition of Costpoint strengthened Deltek's portfolio of enterprise software offerings and further expanded its customer base. 

Deltek Costpoint has undergone many changes, including several mergers and acquisitions. The most notable was the merger with GovCon in 2010, which brought together two of the leading enterprise software providers for government contractors. This merger created a powerful platform that could offer more comprehensive solutions to its customers.

 In addition to the GovCon merger, Deltek has acquired several other software companies, including Kimble Applications, a leading provider of professional services automation (PSA) solutions. These acquisitions have helped expand the company's capabilities and reach, making it a leading provider of enterprise software for contractors worldwide.

 

Deltek Costpoint  deployment options,

Languages & Support

In this section we will cover the deployment options, languages and support available in solution.

Deployment

✅ Cloud

❌ On-Premise

Languages

Deltek Costpoint supports over 20 languages, including English, Spanish, French, German, Italian, Russian, and Chinese.

Support

Help Desk
Knowledge Base
FAQs/Forum
Email/Live Chat

 

Deltek Costpoint User Interface (UI)

Deltek Costpoint ERP uses a web-based interface that is mobile-friendly. The technology used is Microsoft. NET. It is designed to give users easy access to the information they need. The interface includes various features such as a searchable knowledge base, online help, and drag-and-drop functionality. Costpoint also offers a variety of customization options and caters to the specific needs of each organization.

Deltek Costpoint ERP has a user interface that is designed for easy navigation. The top bar provides access to the program's main features, and the left sidebar lets you quickly jump to different areas of your cost point file. The toolbars on the bottom of the screen provide shortcuts to the most commonly used commands, and you can customize them to fit your needs. The search box at the top makes it easy to find specific information, and you can also save your favorite reports for quick access.

Frequently Asked Questions (FAQ)

How does the Deltek Costpoint pricing model work?

The Deltek Costpoint pricing model is subscription-based, meaning you pay a monthly or yearly fee to access the software. This fee includes all updates and new features released during your subscription period. You can also purchase an annual maintenance plan, providing access to technical support, training, and discounts on future purchases.

What are the benefits of using Deltek Costpoint?

Deltek Costpoint offers several benefits for businesses, including the ability to track project costs, generate invoices and reports, and manage contracts. The software is also user-friendly and can be customized to fit the specific needs of your business.

What features are included in Deltek Costpoint?

Deltek Costpoint includes various features, such as project management, time and expense tracking, billing and invoicing, and contract management. It also offers several reports and analytics tools to help you track your project costs and performance.

How easy is it to use Deltek Costpoint?

Deltek Costpoint is designed to be user-friendly, with an intuitive interface and various training resources available. The software is also highly customizable, so you can tailor it to fit the specific needs of your business.

What training and support options are available for Deltek Costpoint?

Deltek offers a variety of training resources, including online tutorials, webinars, and in-person training. You can also purchase an annual maintenance plan, providing access to technical support, training, and discounts on future purchases.

 

 

qad erp allternatives

 

 

sap-business-one-logo-1-1

 

 

odoo-erp-system-solutions-enterprise-resource-planning-software

 

 

kisspng-dynamics-365-microsoft-dynamics-crm-customer-relat-5af1e35115b710.726362321525801809089

 

Get Deltek CostPoitt Pricing & Demo

Let us know how many users you need and we'll be in touch to provide a quick, hassle free Deltek Costpoint cost estimate and arrange a personalized demonstration.

Start your Deltek Costpoint Evaluation

Deltek Costpoint

Get a Deltek Costpoint quote today.

GET PRICING

Deltek Costpoint Demo

Get a Deltek Costpoint demo, personalized to your requirements.

GET DEMO