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. 

Deltek Costpoint Features

Check

Access Controls/Permissions

Check

Budget Management

Check

Data Import/Export

Check

Employee Management

Check

Milestone Tracking

Check

Planning Tools

Check

Strategic Planning

Check

Task Management

Check

Visual Workflow Management

Check

Workflow Management

Check

Process Modeling & Designing

Check

Real Time Reporting

Check

Timeline Management

Check

Activity Tracking

Check

Remote Support

PROS

  • User-friendly interface
  • Customizable platform
  • Detailed self-authoring tools
  • Scalable for large organizations

CONS

  • Might be a bit expensive for small companies

Frequently Asked Questions (FAQs)

Does Deltek Costpoint offer an API?

Yes, Deltek Costpoint offers an API that is implemented using SOAP/XML, REST/XML, and REST/JSON.

Does Deltek Costpoint support mobile devices?

Yes, the software supports mobile devices, including Android and iOS.

How does Deltek Costpoint work?

The user interface is intended to improve user navigation. Global toolbars and menus allow quick access to frequently used functions, while the key program areas are displayed below, arranged into five domains. The graphics below provide high-level overviews of the user interface's primary aspects.

Is Deltek CostPoint cloud-based?

Yes, Deltek Costpoint is cloud-based software.

What are the typical users of Deltek Costpoint?

The typical users of Deltek Costpoint are project-based businesses. 

What is Deltek Costpoint used for?

Deltek Costpoint is an excellent piece of software for managing parts, inventories, money, and cost reporting.

What other apps does Deltek Costpoint integrate with?

An extensibility framework, which is a separate Costpoint feature, allows you to customize Costpoint applications and make calls from Costpoint to third-party applications. Costpoint's integration features and extensibility architecture, when combined, enable you to establish two-way integrations with third-party apps.

What types of pricing plans does Deltek Costpoint offer?

Both the front office and back-office suites start at $30 per month per user. The Full Suite costs $46 per month per user.

Deltek Costpoint Pricing

Small Organization

Within Budget

Medium Organization

Within Budget

Large Organization

Within Budget

Deltek Costpoint reviews

Overall Rating

31 Reviews

Excellent
30%
Good
50%
Average
10%
Poor
5%
Terrible
5%

Deltek Costpoint 8.1

August 2023

Phil

Oil & Energy

Pros:
Deltek Costpoint serves as our comprehensive Enterprise Resource Planning system and primary Business Intelligence tool for Accounting, Finance, and Project Status reporting. It offers adaptable security options at both user and user group levels.
Cons:
While Deltek Costpoint offers an extensive range of fields for data entry and features a normalized database structure, certain aspects of the product lack intuitiveness. Upgrades in recent versions have introduced new bugs, and the process of bug fixing can be time-consuming.

Poor user interface

March 2023

Razvan

Information Technology and Services

Pros:
Although I am obligated to use it, I dont have a preference for this software.
Cons:
The user interface proves cumbersome, even for someone with a PhD in machine learning. Navigating the multitude of tables and fields is challenging. The system displays forms that are difficult to fill, and certain required information may be missing. The software doesnt save drafts and can lead to data loss. Overall, the user interface is as complex as a helicopter dashboard.

Deltek is simple and easy once you get a hang of it

February 2023

Randall H

Defense & Space

Pros:
My only interaction with Deltek Costpoint is using its timesheet feature for entering my hours after work every day. Logging in all my data is very straightforward. The application also gives you access to your pay stub and lets you know how much vacation time or paid time off you have remaining. Its wonderful that theyre all together now because my company used to have separate systems for them previously.
Cons:
At first, I had trouble getting used to the way Costpoint works because all the features I needed to enter my time data were ‘hidden’ behind menus. I still find it difficult but it turns out it’s how my company set it up. Also, I cannot find the PTO history.

Awesome ERP Software for medium to large scale business/organization

December 2022

Victor

Program Development

Pros:
Cons:
While using the software, we occasionally encounter more frequent and somewhat annoying messages.

Awesome ERP Software for medium to large scale business/organization

December 2022

Victor

Program Development

Pros:
Deltek Costpoint is a robust ERP solution that enhances financial management and operational efficiency.
Cons:
While Deltek Costpoint offers a comprehensive HR procedure and easy integration due to its web service design, users may encounter more frequent annoying messages while using the software.

On point billing system

November 2022

Richard Erick

Management Consulting

Pros:
Cons:
For first-time users, the software may have too many clickable buttons that can be confusing. However, this is a common occurrence when using new software.

On point billing system

November 2022

RichardErick

Management Consulting

Pros:
The software excels in accurately recording and tracking billable hours, and it simplifies tagging these hours to the appropriate budget/funding codes.
Cons:
The abundance of clickable buttons can be confusing for first-time users, which is common with new software.

Deltek Costpoint

October 2022

Philip

Defense & Space

Pros:
Cons:
One area where Costpoint could improve is in generating reports, especially when dealing with negative entries. The reporting of amounts in such cases does not meet our expectations.

Comments on Costoint

October 2022

Jim

Information Technology and Services

Pros:
Costpoint stands out as the most effective and comprehensive Government Cost Accounting system available. It encompasses various related back-office functions, all integrated within the system. It is also a government-approved solution.
Cons:
The user interface of Costpoint requires improvement to cater to non-finance and accounting users. Basic functions such as daily timesheets, expense reports, and approvals should be more user-friendly and intuitive.

Costpoint Hard to use

October 2022

Stuart

Government Administration

Pros:
CostPoint excels in generating reports quickly, making it a valuable feature of the software.
Cons:
The softwares user interface and overall user experience have room for improvement. It has a steep learning curve, and navigating the system feels clunky and challenging.

Deltek Costpoint

October 2022

Philip

Defense & Space

Pros:
Deltek Costpoint effectively serves my role within the company, providing efficient timekeeping tracking and project allocation.
Cons:
The softwares reporting of amounts with negative entries is not optimal.

Comments on Costoint

October 2022

Jim

Information Technology and Services

Pros:
In my opinion, Costpoint stands out as the most comprehensive Government Cost Accounting system available, encompassing integrated back-office functions. It is government-approved.
Cons:
The user interface requires improvement for non-finance and accounting users. Basic functions such as daily timesheets, expense reports, and approvals could be more user-friendly.

Costpoint Hard to use

October 2022

Stuart

Government Administration

Pros:
Noteworthy is the softwares rapid report generation.
Cons:
The softwares UI/UX needs significant improvement, and its complexity makes it challenging to use effectively.

Cumbersome

September 2022

Jamie

Information Technology and Services,

Pros:
The system offers extensive customization options, allowing us to set it up to meet our specific needs. It provides an abundance of options and specifications that exceed what any one company could require.
Cons:

Cumbersome

September 2022

Jamie

Information Technology and Services

Pros:
The systems extensive flexibility allows for a wide range of setups and specifications.
Cons:
The systems customizability on the admin side contributes to its complexity. The User Interface is intricate for everyday users, and troubleshooting can be time-consuming.

Call us at

(661) 384-7070

Call us at

(661) 384-7070