Deltek Costpoint logo

Deltek Costpoint

by Deltek · Since 1983
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ActiveAvailable globallyCloudOn-premise
Quick facts
VendorDeltek
Year launched1983
StatusActive
LocationHerndon, Virginia 20171
Countries servedGlobal
Languages10
Integrations22+
Free tierN/A
Free trialN/A
Contact salesYES

About Deltek Costpoint

Deltek Costpoint is a financial management software from Deltek that supports project-based businesses. It provides capabilities like project accounting, budgeting, time and expense tracking, and reporting to help organizations manage their finances effectively. The software is designed to accommodate complex project structures and comply with government regulations. Additionally, Deltek Costpoint integrates with other Deltek solutions, offering a comprehensive view of project performance and financial health. Users benefit from real-time insights into costs and budgets, aiding in informed decision-making. Key capabilities: project accounting budgeting time and expense tracking reporting compliance management Best for: organizations that need reliable financial management for project-based operations.

Deltek Costpoint by Deltek is a comprehensive software solution designed to streamline accounting, business process management, compliance, contractor management, enterprise resource planning, expense reporting, financial reporting, procurement, project management, and more in industries such as government, manufacturing, nonprofit, and professional services. The standout features of Deltek Costpoint include its robust project management capabilities, flexible reporting tools, and seamless integration with other business systems. The user interface is clean, intuitive, and highly customizable, allowing users to easily navigate through different modules and access the information they need quickly. One of the core functionalities that sets Deltek Costpoint apart from its competitors is its ability to handle complex project accounting requirements, including multi-currency, multi-company, and inter-company transactions. The software also offers advanced procurement and purchasing tools that help organizations streamline their supply chain processes and reduce costs. In terms of performance, Deltek Costpoint is known for its speed, efficiency, and reliability, even when managing large datasets or complex operations.

Pros & Cons

Pros
  • Comprehensive accounting and financial reporting capabilities
  • Streamlined procurement and purchasing processes
  • Robust project management and portfolio management features
  • Efficient time and expense tracking for accurate project costing
  • Customizable business process management tools
  • Strong compliance features for government contractors
  • Integrated bill of materials and production scheduling for manufacturers
  • Tailored solutions for nonprofit organizations
  • User-friendly time clock and time tracking functionality
Cons
  • Steep learning curve for new users
  • Lack of customization options for specific business needs
  • Slow performance when handling large amounts of data
  • Expensive initial setup and ongoing maintenance costs
  • Limited integration capabilities with other software systems
  • Customer support can be slow to respond to issues or questions
  • Updates and new features are released infrequently
  • Complex user interface may be overwhelming for some users.

Features

Key features

Leverage a Purpose-Built Solution

Deltek Costpoint is designed specifically for government contractors, providing tools that cater to the unique needs of managing projects, finances, and compliance in this sector.

Maintain Compliance & Security Regulations

The platform ensures that your business adheres to strict government compliance standards, including FAR/DFARS, ITAR, and NIST, while also maintaining robust security protocols to protect sensitive data.

Gain Visibility Into Projects & Finances

Costpoint provides comprehensive dashboards and reporting tools, allowing you to track project performance, budgets, and financial metrics in real-time, ensuring better control and decision-making.

Improve Cash Flow & Operational Efficiency

By streamlining financial operations and automating processes, Deltek Costpoint helps improve cash flow management and overall operational efficiency, reducing manual work and errors.

Make Data-Driven Decisions Faster

With built-in analytics and reporting, the platform empowers users to make informed decisions quickly, using real-time data to guide strategy and operational choices.

Optimize Processes & Improve Productivity

Costpoint offers tools for automating and optimizing business processes, leading to enhanced productivity across your organization by reducing redundancy and improving workflow efficiency.

Additional features

Manage any contract type, from Firm Fixed Price to Cost Plus, with FAR-compliant processes.
Built-in compliance and dashboards, reports and workflows specific to government contractors.
Chart of Accounts
AP Automation
AR Automation
Journal Entries
Cash Management
Project Accounting
Fixed Assets
Payment Methods
Payment Processing
Ability to manage, track and report on numerous payment types
Customize and automate complex purchase to pay work flow.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
10
Interface languages
10
Billing currencies

Interface languages

EnglishDanskDeutschNederlandsNorskSvenskaUnited Kingdom EnglishFrançaisAustralia EnglishUAE English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇳CNY🇮🇳INR🇧🇷BRL🇷🇺RUB

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