Deltek Costpoint

What Is Deltek Costpoint?

Overview

Deltek Costpoint is an on-prem and cloud-based project management software designed for government contractors and professional service providers. It offers features that help with financial management and time and expense tracking. The software streamlines project management processes, enhances collaboration, and provides real-time visibility into project performance.  

Costpoint also addresses the specific needs of professional service providers, including project accounting, billing, and revenue recognition. It is available both as an app and desktop-based software. 

What Is Deltek Costpoint Best For?

The exceptional versatility of the Deltek Costpoint software sets it apart from its competitors, complemented by many unique features. Costpoint excels at extracting detailed information from various areas. This makes it a valuable tool for businesses looking to streamline their operations and gain real-time insights into their projects. 

Deltek Costpoint Pricing

Deltek Costpoint pricing plans cater to the unique needs of businesses. However, the vendor does not disclose its pricing details. For a customized quote, click the "Get Pricing" button. 

Deltek Costpoint Integrations

Deltek Costpoint API offers robust integration capabilities. However, the vendor does not disclose its third-party integrations.  

How Does Deltek Costpoint Work?

Here's how you can get started with Deltek Costpoint after installation: 

• Log in using your credentials 
• To access project management tools, click on "Projects" 
• Utilize the "Project Planning" module to create project plans and allocate resources efficiently 
• Track time and expenses accurately and generate invoices by using the "Time and Expense" module 
• Manage your financials, including general ledger, accounts payable, and accounts receivable, with the "Financial Management" module 
• Streamline workforce management, including recruitment, onboarding, and performance management, with the "Human Capital Management" module 
• Use the "Reporting" module to generate custom reports and gain insights into project performance and financial data 

Click the "Watch Demo" button for an in-depth look at how Costpoint software demo works. 

Who Is Deltek Costpoint For?

Deltek Costpoint is designed for small- to mid-sized government contractors that work in the following niches: 

• Aerospace and defense 
• Architecture and engineering 
• Construction 
• CPA and accounting 
• Energy, oil, and gas 
• Government contracting 
• Management and IT consulting 
• Marketing and advertising agencies 

Deltek Costpoint Features

Deltek Costpoint is a comprehensive project management solution that provides a wide range of features, including: 

Professional Services Automation

To better manage the costs of your project for measurement and control, utilize planning tools and integrate time and expense data. You can use intelligent resource forecasting to find the most suitable resources for each project. Additionally, you can also access enhanced reporting and analytics for more insightful information and better decision-making strategy. 

Organizational Budgets

Effectively manage the organization's finances by creating an annual operating plan with a baseline budget. You can also monitor progress toward the baseline and create forecasts to gain insight into financial performance. Additionally, you can also calculate forecasted indirect rates and compare organizational and project budgets to measure risk. 

Multiple What-If Scenarios

To better understand different financial situations, prepare and compare several versions of a budget. Analyze the impact of changes in each scenario to aid in selecting a final budget. 

Resource Planning

Fill in resource gaps by identifying areas where resources are insufficient and you can assign additional ones. Analyze workload and use resource transparency to plan future work, gaining insights into labor costs. Create teams and view a snapshot of all resources associated with a particular project, adjusting as necessary. 

Smart AI For Resource Management

View a detailed overview of the project progress and how staff members are engaged, with access to past and future hours. Access real-time analytics to improve predictability and make better decisions. Furthermore, analyze upcoming budgets for new projects and make forecasts based on current data and available resources. 

Apart from the above, Deltek Costpoint also offers the following modules: 

• Business intelligence 
• Contract management 
• Human capital management 
• Manufacturing 
• Procurement 
• Project accounting 
• Subcontractor management 
• Time and expense 

Is Deltek Costpoint Right For You?

Deltek Costpoint is a comprehensive project management solution that offers users a wide range of features. Many high-profile companies, including Johnson Controls, IntelliDyne, and Leonardo DRS have used Deltek Costpoint. 

One of the key advantages of Deltek Costpoint is its scalability. The software can grow with your business, making it a long-term solution for companies looking to expand. Also, the tool is highly secure, ensuring that your data is always protected. The software can assist you in staying compliant with requirements set by DCAA, as well as gaining support for meeting compliance needs related to FAR, CAS, DCMA, and ASC. 

If you're still unsure whether it is the right tool for you, contact us to schedule a Costpoint demo. You can also go through Costpoint reviews to find out what other users say about it.  

Deltek Costpoint Pricing Plan

The vendor has not disclosed Costpoint software cost. Contact our customer support team for a customized quote.