Deltek Costpoint Reviews & Product Details

It includes useful tools and modules that collect data, and then you can generate reports based on it. I like that AI is starting to be built into Costpoint. Review collected by and hosted on G2.com.

The AI is not fully developed and often responds that it cannot help. Deltek Costpoint’s documentation is lacking, which frequently forces users to figure things out on their own, write their own documentation, or hire a consultant. Companies already pay a lot for Costpoint, but then still have to bring in a consultant just to understand how to use it, which adds significant cost. On top of that, many of the modules within Costpoint don’t communicate well with each other, so the same data has to be re-entered multiple times. When there’s an issue and you submit a ticket, you typically get the runaround and the ticket can sit for an extended period. Too often, Deltek support doesn’t actually help resolve the problem. And when something critical to your company goes down in Costpoint, there doesn’t seem to be any urgency from Deltek Costpoint to fix it. Review collected by and hosted on G2.com.

I really like the integration of services in Deltek Costpoint. It combines payroll, accounts payable, and project tracking all in one place. This makes it particularly beneficial for reviewing accounts from all our departments and keeping track of our costs regularly. Review collected by and hosted on G2.com.

Some screens could be better organized, to include similar information on the same screens. For example, on the manage employee screen, it would be helpful if the address tab could also include the phone number and all other contact information. Review collected by and hosted on G2.com.

I use Deltek Costpoint for payroll and to enter my hours. It’s very easy to enter my time on my timesheet, sign it, and save it. Submitting and signing my timesheet at the end of the week is very easy, and the initial setup was very easy. Review collected by and hosted on G2.com.

I have trouble logging in the first time each day because Deltek Costpoint keeps loading. I have to refresh the website or close and reopen my browser a few times before it lets me log in. I’d like the mainframe updated so it doesn’t take so long to log in. Review collected by and hosted on G2.com.

I like the ease of use of Deltek Costpoint the most. It's easy to find anything I need in the timesheet module, making the process of tracking our employees' time relatively painless. If edits need to be made due to incorrect postings, it's easy to correct and have employees re-sign timesheets. We can efficiently manage timesheet management, payroll, and posting labor distributions with reduced staff. Once you learn the processes, it's an easy and efficient system to use. Review collected by and hosted on G2.com.

I don't really dislike anything about Costpoint. However, I will say that I recently completed several Costpoint certificates on the Deltek Learning Hub and didn't receive the badge or certification email upon completion. I completed the Costpoint Silver Business Intelligence Report Authoring Certification Exam, and also the Costpoint Silver Labor Management Certification exam but didn't receive the badge or certification email for completing these two exams. The automated email stated that I should receive them within a 48 hour period, but it's been greater than that timeframe and I still haven't received. Do you know who I would need to contact or reach out to to receive these certificates? Review collected by and hosted on G2.com.

I love Deltek Costpoint's job costing and indirect rates features. The tool provides a great level of detail, which allows me to get a P&L for every project seamlessly. Even though I'm a bit biased because I've used it throughout my career, I find that it gives us all the information we need and works perfectly for our accounting needs. Review collected by and hosted on G2.com.

I feel like Deltek Costpoint is somewhat complex, though it seems manageable once you know the system. However, there's something about the integration with other tools; currently, we mostly do data dumps since we don't have an API running yet. I plan to integrate it with our payroll and CRM tools, but that's a goal for the future as we work on more automation. So, there's that gap at the moment. Review collected by and hosted on G2.com.

I like that Deltek Costpoint makes it easier to complete our ICR at the end of the year. It also simplifies separating unallowable, shared, G&A, and overhead costs compared to competitors. Review collected by and hosted on G2.com.

There is no notification for journal entries, cash receipts, and vouchers that need to be approved. This is an issue because we have segregation of duties in place and need to be SOX compliant, which causes more back and forth when a notification could easily be sent to reviewers. Additionally, the alignment with US GAAP is more difficult than it could be. The initial setup was also challenging as we had to load life-to-date data instead of just point-in-time data and project history. Review collected by and hosted on G2.com.

Costpoint is very versatile. Once you understand how the different modules work and how they connect, you start to see new ways to use the system to build more efficient processes and streamline day-to-day work. Review collected by and hosted on G2.com.

The data output reports aren’t easy to work with, and we need additional bolt-on solutions just to get Excel downloads that are actually usable for our reporting and analysis. This includes Costpoint Enterprise Reporting or Business Intelligence because the filter prompts are sometimes confusing and cannot be used quickly and efficiently. Drill-down into the transactions would be a great addition. Review collected by and hosted on G2.com.

What I like best about Deltek Costpoint as an accountant at T and W Operations is how well it supports project based accounting while providing real time visibility into financial data. The system allows all costs including labor materials and overhead to be tied directly to specific projects which makes it much easier to track job costs monitor budgets and evaluate profitability. I also appreciate how Costpoint integrates timekeeping payroll and accounting so that once timesheets are approved the information flows directly into the financial system which helps reduce manual errors and saves time. Another strong feature is its ability to maintain compliance and keep records organized which is especially helpful for audits and reporting requirements. In addition the reporting and drill down capabilities make it easy to review transactions and analyze financial performance in detail. Overall Costpoint stands out because it combines accuracy efficiency and strong financial control in one system that supports both daily operations and long term decision making. Review collected by and hosted on G2.com.

What I dislike about Deltek Costpoint is that updates are only released on a quarterly basis, which means if an issue comes up or something is not working properly, it can take up to three months before it gets fixed. This can be frustrating in a fast paced accounting environment where problems often need to be resolved quickly. Waiting for the next update can slow down workflows and force us to find temporary workarounds instead of having a permanent solution right away. While the system is strong overall, the delay in updates can make it less flexible when immediate changes or fixes are needed. Review collected by and hosted on G2.com.

I appreciate the flexibility this offers for handling different types of billing contracts. It is also intuitive to use, making the overall experience smooth and straightforward. Review collected by and hosted on G2.com.

Sometimes it can be slow especially noticeable on fridays Review collected by and hosted on G2.com.

Deltek Costpoint, overall, is easy to use and navigate. It is easy to implement for those who have little to no experience with Deltek Costpoint. There are numerous features that are very beneficial, if and when the features are utilized by the company to it's full capacity. From my personal experience thus far, I use Deltek Costpoint daily and have yet to be exposed to any other comparable ERP system. Review collected by and hosted on G2.com.

The ease of integration is quite difficult specifically with other supporting software. Customer support is primarily through the company IT department which makes it challenging. Review collected by and hosted on G2.com.