Deltek Costpoint (ERP Software) Review – Modules, Pros & Cons

Deltek Costpoint software solution

Deltek Costpoint is a popular ERP software, but what are the modules, pros, and cons?

Deltek Costpoint is a comprehensive ERP software that can handle various business needs, but is it the right fit for your company?

This blog post will cover the Deltek Costpoint modules, pros, and cons to decide whether this software is right for your business. So if you’re considering Deltek Costpoint (or any other ERP software) for your business, read on to learn everything you need to know!

What is Deltek Costpoint ERP?

Deltek Costpoint ERP

 Deltek Costpoint ERP is a cloud enterprise resource planning (ERP) software built for government contractors. It offers single data entry and real-time visibility of financials, projects, people, and more to help you stay on time and under budget with your project.

Deltek’s integrated platform provides a solution for every aspect of government contracting to help you streamline your processes and keep your team on the same page.

Solution for Government Contractors

It is engineered for government contractors to support contract management best practices and government regulations, such as compliance with Federal Acquisition Regulations (FAR) and Generally Accepted Accounting Principles (GAAP).

It integrates seamlessly with Deltek’s Time Collection Software and Human Capital Management software solutions.

Deltek Costpoint Modules

Deltek Costpoint Modules

Browse Applications

Deltek Costpoint Browse Applications

Financial Management

It provides real-time visibility into your financials, projects, and people in a single solution. Deltek Costpoint ERP’s financial management features include:

  • General Ledger
  • Accounts Receivable/Billing
  • Account Payables and Purchase Orders
  • Bank Reconciliation
  • Expense management (The project-based businesses can also take advantage of its time and expense management features to help them stay on top of their projects.)

Contract Management

Deltek Costpoint ERP is engineered to support contract management best practices, including compliance with FAR and GAAP. In addition, it integrates with Deltek’s Time Collection Software and HCM software solutions.

Project Management

Deltek Costpoint ERP helps project managers stay on time and under budget by providing budgets, costs incurred to customers or subcontractors, and direct labor hours billed to customers or subcontractors.

This gives managers real-time visibility into their projects, including project budgets, contract changes, and real-time reporting.

Deltek Time Collection Software

Deltek Time Collection software is a cloud-based time tracking solution that helps contractors manage their time and projects.

Business intelligence with Deltek Costpoint

business intelligence with Deltek Costpoint

Government contractors can use data analytics to see dashboards and reports, automate the workflow with AI(Artificial Intelligence) and ML(Machine Learning), data-backed decision making, and intelligent project management.

Deltek Human Capital Management (HCM) Software

Deltek’s HCM software is a cloud-based human resources solution that helps contractors manage their people and projects.

Deltek costpoint pricing

It has not disclosed the accelerated pricing. To get the pricing details, contact the vendor.

Front and back suite starting at $30/user/month.

The full suite starts at $46/user/month.

Implementation

Costpoint offers a convention implementation plan for government contractors. That includes

  • Complete testing plans
  • Expandable platform
  • Less risk of implementation from data relocation
  • Industry-based platform configuration

Also, consultant teams and project managers help the customers install, customize, integrate the software, and train employees.

Services and Supports

Type of support provided by Deltek Costpoint.

Deltek Costpoint offers three types of customer support

  • Standard Care: With this type of support, customers will get help online and by email within 24 hours during working hours. It provides unlimited support for the first 120 days and then supports 15 cases yearly. It also provides four permitted support contacts and new releases.
  • Premium Care: It provides all features of standard care with that customers get phone support, extended business hour support, and support for unlimited cases. Customers also get six permitted support contacts.
  • Select Care: It provides premium care features and a dedicated customer support manager. In addition, it provides 24/7 professional services support and 15 permitted support contacts.

Advantages

Enhances operational efficiency

This ERP solution allows the business to turn a complicated process into a simple process. With the help of valuable features, companies can automate the departments, project budgeting, and forecasting to increase their profits.

Increases visibility

It allows the companies to analyze their profit with the help of comprehensive features. Hence companies can have clear visibility to make business decisions.

Simplifies HR process

Costpoint offers a single integrated solution. Hence companies can have a simple HR process from recruitment to enrollment.

Has robust architecture

Its robust web service architecture makes the integration easy. So the Deltek software can be easily deployed and executed in all production environments.

Industry-leading solution

Deltek is the market leader in providing ERP software to government contractors. So, it has gained a deep understanding of these businesses’ specific needs and challenges.

Disadvantages

  • While working with the software, you will get more frequent and unhelpful messages.
  • You can attach the report only in the form of a PDF. If you want to take a picture of any receipt, you will not get it in the form of PNG or JPG directly.
  • To take an expense report, you need to enter data many times.

What industries does it support?

It supports industries such as,

  • Accounting and CPA
  • Architecture, Engineering, and Construction (AEC)
  • Energy
  • Oil and Gas
  • Management and IT Consulting
  • Nonprofit
  • Aerospace and Defense
  • Engineering Procurement Construction
  • Government Contracting
  • Marketing Agencies

Deltek Costpoint Alternatives

If you’re not sure Deltek Costpoint is the right ERP software for your business, you may consider these alternatives.

Costpoint Customers

Following are the few Deltek Costpoint customers,

  • Aero Simulation
  • BGI LLC
  • Digital Consulting Services
  • Technology Management Company
  • LogiCore
  • Sealaska Government Services
  • GHD

FAQs

How do I log into my Deltek timesheet?

To log into your Deltek timesheet, go to the link https://cp.caci.com/cpweb/cploginformmobile.htm?system=CPPROD. You will then be able to enter your username and password.

How would you do Deltek enterprise costpoint login?

You will find the login option here, Url: https://www.deltek.com/en-gb/partners/login.

How do I make a Costpoint on a timesheet?

To make a Deltek Costpoint on a timesheet, you must log in to your Deltek account. Once logged in, go to the “Timesheets” tab and select the week you want to enter Costpoints. Then, click the “Costpoints” button in the top toolbar. This will open the “Costpoint” pane to enter your Costpoint for the week.

Deltek Vision vs Costpoint

Deltek Vision and Deltek Costpoint are both ERP software solutions offered by Deltek. They both have features that can benefit businesses but also have some differences.

Deltek VisionDeltek Costpoint
It is more suited for manufacturing, distribution, and retail businesses. It offers features like inventory management, purchasing, and sales order processingIt is more geared towards companies in the service industry, such as architecture and engineering firms. It offers project management, time and expense tracking, billing, and invoicing
It may be a better choice for businesses looking for an ERP solution with comprehensive manufacturing and distribution functionalityIt may be better for businesses that need robust project management and time tracking features
It offers a free trial, Deltek Vision is also less expensive than Deltek CostpointIt does not offer a free trial and is slightly expensive per user compared to Vision
It is offered as a subscriptionIt can be purchased as a one-time license

Conclusion

Deltek Costpoint is a powerful ERP software that can help businesses manage their finances and operations more efficiently. It offers a wide range of features, and several pricing and licensing options exist.

Getting started with Deltek Costpoint is easy, and many alternatives are available if it doesn’t meet your needs.

So if you’re considering Deltek Costpoint for your business, read our comprehensive guide first!

Learn more at the Deltek learning zone.