About Deltek Costpoint

Deltek Costpoint is an enterprise resource planning (ERP) and management solution designed to meet the requirements of midsize and large enterprise businesses. The solution primarily assists government contractors, professional service firms, and not-for-profit businesses with project management, accounting, labor and material management and business intelligence functionalities. Costpoint is available as both web-based and on premise application. The solution helps to streamline processes like project billing, revenue management, expense tracking and compliance management, enabling businesses to monitor all operations through a single screen. The budgeting & planning module helps in building project budgets and EACs. Costpoint compares the actual project progress against the planned schedule and highlights the achievements and pain points. The "What-If" analysis helps to analyze multiple outcomes of same situations under different circumstances. Some of the other features include time & expense management, contract management, payroll management, reporting and compliance management. Costpoint is used in the variety of industry verticals, including aerospace and defense, high-tech, healthcare, nonprofit and education.
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Deltek Costpoint pricing

Deltek Costpoint does not have a free version but does offer a free trial.

Pricing Details:
Please contact Deltek directly for pricing details.
Free Version:
No
Free trial:
Yes

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Deltek Costpoint Reviews

Feature rating

Value for Money
4
Functionality
4
Ease of Use
4
Customer Support
4
5 reviews of 194 View all reviews
Verified Reviewer
  • Company size: 1,001-5,000 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
4
Features
4
Ease of Use
4
Customer Support
4

5
Reviewed on 24/10/2017

Use daily reports work well

Just in time reporting

Pros

It combines accounting and contracts. Easy to use and run reports and pull data from system. Love the real-time reporting

Cons

The contracts model needs more attention. It could be more robust. It is really not functional out of the box

Juliana L.
  • Industry: Aviation & Aerospace
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source
Value for Money
3
Features
4
Ease of Use
1
Customer Support
5

4
Reviewed on 19/11/2019

Costpoint

This was a lot more time consuming to implement. Other softwares we surveyed before going with CP had a tool that would export our data from quick books into their system. Not sure why CP doesn’t have this feature.

Pros

The reporting feature. We really liked the cognos relationship, and the ability to export directly to excel as well as upload from excel.

Cons

The revenue to income statement. I have never worked with an accounting system where once I created and posted an invoice, the total revenue for that product on the income statement is different then what was billed. I do not understand why I have to tell my system to recognize or “pick up” my revenue. It’s redundant and causes a lot of headaches.

Reasons for Choosing Deltek Costpoint

Unable to handle complex project setup requirement

Reasons for Switching to Deltek Costpoint

Because of the partnership with COGNOS
Ruby L.
  • Industry: Banking
  • Company size: 10,000+ Employees
  • Used Weekly for 2+ years
  • Review Source
Value for Money
5
Features
3
Ease of Use
3
Customer Support
3

3
Reviewed on 30/09/2018

Deltek Review

It is an ok system overall but there needs to be a huge update to the system to compete with it's competitors. The strong point is that most government contractor are using Deltek Time and Attendance since it is engineered for this industry so people are more likely to get the HRIS system to integrate easily with timesheets.

Pros

The system has a pretty easy interface to enter in basic information such as personal information, checking, tax information, and updating benefits. The ESS system once setup, it is pretty great for the employees as they can choose benefits through open enrollment, update tax information and update their address information. The reporting is simple for standard reports and can be easily pulled in excel format so you are able to manipulate the spreadsheets.

Cons

The software is very outdated and has not been updated in several years. Other systems are light years ahead of this system as it looks like it is from the 1990's. The custom reporting is very clunky and hard to create any of these reports as there are many files to look into and no intelligent search functions. You can only pull the reports in excel format so there not other options such as CSV and PDF. The ESS section is also out of date and not very integrative to the HRIS system. The setup for benefits, tax and validations tables in the back end of the system is hard to recognize and makes it harder for complete setup. There is ACA integration as well and it makes it hard that you have to click on separate sections of the screen to look at information rather than clicking one repository to reach all of the information.

Loxie S.
  • Industry: Environmental Services
  • Company size: 51-200 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
0
Features
4
Ease of Use
3
Customer Support
0

4
Reviewed on 08/07/2021

Powerful tool

Pros

It covers most aspects a company accounting department would need. A nice all in one tool.

Cons

Not being able to have multiple costpoint windows opened at the same time. On some tabs, the layout is so outdated and not user-friendly that it is hard to navigate without a big screen.

Tina D.
  • Industry: Defense & Space
  • Company size: 10,000+ Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
0
Features
3
Ease of Use
4
Customer Support
0

4
Reviewed on 01/12/2018

Easy-to-use but doesn't work for every situation

Pros

I use costpoint daily at my job and the software is very easy to navigate. I have no issues searching for BOMs (Bill of Materials) and costpoint interacts relatively seamlessly with the systems that we use for engineering drawings and shop floor instructions.

Cons

A lot of the materials in the BOMs seem to be controlled by effectivity dates. This may work well for companies that have interchangeable parts with planned obsolescence dates, but the industry I work in has variable production schedules where it'd be preferable to control materials by engineering drawing effectivity.

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