Last Updated
Overview
Overall Rating
Based on 129 users reviews
3.8
Rating Distribution
Positive
73%
Neutral
17%
Negative
10%
Starting Price
Custom
Deltek Costpoint Specifications
- Time Tracking
- Task Management
- Reporting
- Budget Management
What Is Deltek Costpoint?
Overview
Deltek Costpoint is a cloud-based enterprise resource planning (ERP) software for government contractors. It’s a comprehensive solution that addresses these businesses' unique and complex project management needs. The software offers several solutions to manage government contracts and stay compliant. It includes contract management, invoicing, auditing, time entry and more.
What Is Deltek Costpoint Best For?
Deltek Costpoint software is known for its excellent customer support. The team is known for their prompt, knowledgeable, and dedicated assistance. The support team is readily available if faced with technical concerns, feature inquiries, or best practices guidance.
Deltek Costpoint Pricing
Deltek Costpoint Integrations
The software integrates with GovWin IQ. However, the software does not provide any other third-party application names that it integrates with.
How Does Deltek Costpoint Work?
Here's how you can navigate the dashboard after the installation is completed:
- Log in to access the Deltek Costpoint software with the credentials
- Use the menu on the left to access modules like accounting, procurement, and time and expense
- Find specific data or reports quickly by using the search bar at the top
- Create financial reports, track projects, and analyze data in the ‘Reports’ section
- Manage approvals, workflows, and document routing in the Workflow module
- Plan, monitor, and control projects through the Projects module
- Enter and approve timesheets and expenses in the dedicated sections
- Customize your profile, preferences, and security settings in the ‘My Settings’ area
Who Is Deltek Costpoint For?
Several industries, including the following use the software:
- Aerospace
- Architecture
- Engineering
- Construction
- Accounting
- Energy, oil, and gas
- Marketing
Is Deltek Costpoint Right For You?
Are you looking for a comprehensive solution that can handle the challenges of government contracting? Deltek Costpoint might be the perfect fit for your company. It has been recognized as a leader in the Project-Based ERP software category and has received several awards, including the Deltek MVP Awards and Power Award 2022.
Furthermore, many high-profile clients trust the software, such as Fluor Corporation, Battelle Memorial Institute, Amentum, Science Applications International Corporation, and KBR, Inc. Moreover, Deltek Costpoint provides multiple authentication options and supports Security Assertion Markup Language (SAML), an advanced security feature.
Want to learn more about Deltek Costpoint? Contact our customer support team at (661) 384-7070, and they will give you a detailed overview of the software to help you decide if it is the right fit for your organization.
Deltek Costpoint Features
Auditing
The software provides a comprehensive audit trail that tracks all changes to project data and financial records. It is beneficial for companies that need to provide documentation for audits. Costpoint provides a clear and accurate record of all changes, making it easier for employees to prepare for audits and ensure compliance with all relevant regulations.
Workflow Automation
Businesses can automate their business processes, improving efficiency and reducing the risk of errors using this feature. Deltek Costpoint allows users to define the activities involved in a business process, the staff involved, and how information flows from one person to another. By automating these processes, the platform helps organizations ensure they follow their procedures consistently.
Project Accounting
Deltek Costpoint provides comprehensive project accounting capabilities. It allows you to track, manage, and report on the financial aspects of your projects in real time. It helps you control project costs, improve cash flow, and increase profitability.
Contract Management
With FAR-compliant processes, the platform manages any contract type, from Firm Fixed Price to Cost Plus. Deltek Costpoint project management assists you in staying compliant with government regulations and avoiding potential penalties.
Cybersecurity Compliance
The system has built-in functionality to help you meet complex government regulations, including cybersecurity compliance requirements. It assists in protecting your sensitive data and maintain your clients' trust.
Time Entry
The platform simplifies the process of logging work hours. It allows users to accurately record their time on different tasks and projects. Deltek Costpoint is useful for companies that bill their clients hourly. Providing a clear and accurate record of work hours helps businesses ensure that they are billing their clients correctly and fairly.
Pros And Cons of Deltek Costpoint
Pros
Comprehensive project management capabilities
Responsive, knowledgeable, and dedicated customer support services
Simplifies time tracking
Leverages AI and machine learning to provide valuable insights
Enables businesses to automate processes
Cons
Setting up the software may require some time
Customization options can be improved further, according to some Deltek Costpoint reviews
Deltek Costpoint Reviews
Total 129 reviews
3.8
All reviews are from verified customers
Rating Distribution
5
Stars32%
4
Stars41%
3
Stars10%
2
Stars7%
1
Stars10%
Share your experience
Government Contractor, 51-100 employees
Less than 6 months
“Horrible product, do not subject your employees to it.”
Pros
Nothing
Cons
It's user-antagonistic, not functional and the worst software I've ever used to log my time.
Rating Distribution
Ease of use
1
Value for money
1
Customer Support
1
Functionality
1
Consumer Services, 500+ employees
Less than a year
“Works well on both PC and mobile devices”
Pros
I can access it on both my mobile devices and PC which is great.
Cons
The graphics often take a while to load but I do not see it as a major issue.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
8
Aviation & Aerospace, 101-500 employees
More than a year
“super user-friendly!”
Pros
Our team loves how user friendly it is and how easy it is to navigate. I started working at my company in 2019 and have been using it ever since. I also know there are many other modules that I can learn.
Cons
The search features can be a bit tricky to use and it can feel tricky if you are not familiar with the system.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Frequently Asked Questions
What types of pricing plans does Deltek Costpoint offer?
The Deltek Costpoint pricing can be customized according to the needs of your business.
Does Deltek Costpoint support mobile devices?
Yes, Costpoint software supports all iOS and Android mobile devices.
Does Deltek Costpoint offer an API?
No, Costpoint does not offer an API to its clients.
What other apps does Deltek Costpoint integrate with?
Deltek Cost Point software integrates with GovWin IQ.
Who are the typical users of Deltek Costpoint?
Typical users of Costpoint Deltek include marketing, energy, oil and gas, accounting, construction, engineering, architecture, and aerospace industries.
Is Deltek Costpoint and Tip Technologies the same?
No, Deltek Costpoint and Deltek TIP Technologies are not the same. Both these solutions offered by the Deltek are different from each other.
What is the Deltek Project Nation blog?
The Deltek Project Nation blog is a platform where industry thought leaders and experts share their insights on the latest trends, technology, and issues shaping project-based businesses today.
What language does Deltek Costpoint support?
Deltek Costpoint project management software supports the English language.
What level of support does Deltek Costpoint offer?
Deltek Costpoint software offers 24/7 customer representation and chat support options.
How to view expense reports in Deltek Costpoint’s dashboard charts?
Navigate to the ‘Expense’ module in Deltek Costpoint. The dashboard charts there visually represent your expense reports for efficient tracking and management.
Does Deltek Costpoint offer ERP accounting modules?
Yes, several Deltek Costpoint ERP accounting modules are offered by the vendor.
What are the main benefits of Costpoint ERP?
The main benefits of Costpoint ERP include enhanced visibility and project management capabilities.
What is Costpoint?
Cost point system is a specialized ERP (Enterprise Resource Planning) designed for government contractors. It functions as a central hub to manage your entire project lifecycle, including finances, contracts, and resources. This allows for better cost tracking, improved project visibility, and ensures compliance with government regulations.