Deltek Costpoint Reviews & Product Details


What is Deltek Costpoint?

Costpoint is a project-centric ERP solution designed for any-sized government contractor or company that provides goods or services to the U.S. Federal Government. The solution delivers project accounting, business intelligence, human capital management, engineer-to-order manufacturing and project management on a flexible, secure, mobile, web services-based cloud platform. This provides government contractors peace of mind when faced with regulatory challenges like FAR, DCAA, DCMA, NIST 800-171, ASC 606, ACA, EEO, MMAS and others.

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Deltek Costpoint Profile Details

Deltek Costpoint Profile Details

Vendor
Deltek
Description
Deltek is a global provider of enterprise software and information solutions for government contractors, professional services firms and other project- and people-based businesses.
Company Website
Year Founded
1983
HQ Location
Herndon, VA
LinkedIn® Page
www.linkedin.com
Employees on LinkedIn®
3,071
Twitter
@Deltek
Twitter Followers
6,025
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Companies Using Deltek Costpoint

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Deltek Costpoint Reviews

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Deltek Costpoint Reviews

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Financial Analyst
Defense & Space
Mid-Market
(51-200 employees)
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"Deltek Costpoint - Flexible Option"

What do you like best?

The flexibility of the software. Many modules and add-on products allow companies to create a solution that meets the needs of the company from payroll/human resources to contracts & subcontracts. While the payroll module does have some limitations, it is a great solution for in-house payroll.

What do you dislike?

The pricing structure is not great for small businesses and can be cost prohibitive. Support in some areas is lacking. However other areas (especially Payroll) support is outstanding. We have a designated "customer liaison manager", but they seem to change often.

Recommendations to others considering the product:

Look at the modules included with Costpoint before looking at any add-ons. Contact third-party consultants for implementation options. Attending the Deltek InSight conference is a great way to see what is available in Costpoint, and what is available for add-on products.

What problems are you solving with the product? What benefits have you realized?

We have been able to integrate payroll, human resources, purchase orders, contracts management into one solution. Cognos report writing is a great feature that pulls the information from Costpoint using custom and "canned" reports. Once further solutions, such as on-boarding, are implemented, we will see an even greater return on investment.

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Analyst
Defense & Space
Mid-Market
(51-200 employees)
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"Deltek Costpoint"

What do you like best?

Great way to organize information ranging from Finance to HR to even Contracting. I don't input any of the information but it is very helpful to me when pricing proposals because I get a snapshot of historical information on our contracts and can even use it as a job sheet to track how well we are doing financially on each contract.

What do you dislike?

The consultants that set up our software for us did not do very well and so we have had to reach out to them constantly and they charge us each time we reach out for help. We have an experienced user that joined our team and she said the setup was done very well and it takes up a lot of our time and money to try and fix these problems.

Recommendations to others considering the product:

It's great, just make sure it is set up correctly so you don't run into problems while trying to use it!

What problems are you solving with the product? What benefits have you realized?

Tracking progress on our contracts by comparing how well we are doing financially with how well we planned to do. We do manual job sheets and I use Deltek to update them. We would like to eventually learn how to put budgets in if we can ever find help without having to pay a consultant thousands of dollars. It has been helpful to have an organized system to track our progress.

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UA
Mid-Market
(51-200 employees)
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Verified Current User
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"The possibilities are Endless"

What do you like best?

I love the capability to look at my project data at specific levels or to roll it up to the top level. This allows management to see just what they need and not have a lot of extraneous data. It allows you to really personalize how you want your project information set up.

What do you dislike?

What I dislike is closely related to what I like about Costpoint. You can easily get lost in the multitude of menus. If your are not careful you can easily mess up the whole process with one change. Although the error notifications are really good at preventing this from happening often!

Recommendations to others considering the product:

Deltek Costpoint is an amazing system. Make sure that you review what you need your software to do and then examine if it is the best fit for what you need. Look at your company processes to choose the best integration process. Meet with several integration consultants to find the one that understands what you company's needs during the integration and testing process. Also make sure that your staff is properly trained. Deltek provides many ways in which to gain the required training from Deltek University to webinars, white papers, and highly knowledgeable consultants.

What problems are you solving with the product? What benefits have you realized?

The additional characters have given us more depth to grow and add new projects. We have been able to increase our report potential for project management by having a more detailed look at the project at specific times. We are working on streamlining our billing process.

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AG
Mid-Market
(201-500 employees)
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"Flexible ERP Systems"

What do you like best?

First of all the customer care is nothing you will find anywhere in the marketplace. The time taken for each customer to fund solutions is above and beyond. A host of options that allow any organization to customize and use the system to meet their needs. The system provides solutions out of the box. Included are tools to customize canned reports and add integrations for every module. Extensibility is something recently introduced to users that makes the system even more powerful today. The seamless integration with all products makes the entire system even more powerful using Time & Expense along with the Budgeting and Planning add-on.

What do you dislike?

User interface isn't the most innovative and is under development. There is some work required upfront that requires users to answer key questions and is critical to the success of the product being used. That was unexpected, and challenging to end users trying to balance their normal duties along with providing business requirements. Adding licenses can also be an unexpected cost as they are higher than the initial purchase price and maintenance must be paid for the additional seats when obtained. Customers have no control over this and if not allocated in the budget, it can be a surprise. The in-house consulting services are excellent, however the rates charged are generally higher than 3rd party consultants they outsource to (which are former Deltek employees).

Recommendations to others considering the product:

There are many products available in the market place. Deltek Costpoint meets and exceeds limitations of other products available. The core product allows any business to start quickly. The optional add-on modules provides flexibility to customize the system and maximize your return on investment.

What problems are you solving with the product? What benefits have you realized?

Electronic storage of critical documents supporting various needs to make quick decisions. Real time reporting allows program managers to see exactly where they are at all times. It is critical to have this information available to end users in a simple and easy to use system.

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Business Development Analyst
Information Technology and Services
Mid-Market
(51-200 employees)
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"Costpoint"

What do you like best?

Costpoint is very accessible, easy to use and self explanatory. It is a commercial item that the company uses for time sheets and management. It allows the managers to review timesheets once they are signed and authorize the okay to what hours were stated and not stated by the employee.

What do you dislike?

There is nothing about the costpoint that I dislike per say. However, I do wish the company used more than just the timesheet and management feature rather than having many different systems instead.

What problems are you solving with the product? What benefits have you realized?

ability to track time and report

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Talent Acquisition Specialist
Defense & Space
Mid-Market
(201-500 employees)
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"Costpoint 7"

What do you like best?

I do not like Costpoint very much, but the ability to setup different plans, locations, etc. is pretty simple.

What do you dislike?

The setup of a new employee is convoluted. The system is not very user friendly, and there are several fields that need to be filled out in order to accomplish the same purpose. One field never drives another, and things cannot be pre-populated - at least not the way our company has it setup. Also, once and item is in a list, it cannot be made inactive. Our company has had a merger and several acquisitions so there are many values we no longer use, but need to be kept for historical purposes. We should be able to make those inactive so that they do not show up on lists for new hires. Since that cannot be done, we have to just know from memory what cannot be used.

Recommendations to others considering the product:

It is a robust system, but it is not user friendly. Make sure you have someone technical who will be using it.

What problems are you solving with the product? What benefits have you realized?

We use it to calculate our payroll and drive our accounting and PTO. It can hold a lot of historical data which is nice, and while separate, the reporting from Cognos is pretty robust.

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"Financial expense management made easy with Costpoint"

What do you like best?

Deltek costpoint Is a great piece of software that allows us to quickly and efficiently login improve expenses incurred by employees on a daily basis.

What do you dislike?

I dislike that cost point is a piece of software that has relatively little innovation over the past decade and has an interface that could use a lot of improvement

What problems are you solving with the product? What benefits have you realized?

The problems I'm solving with cost point is the capability to log and have audit functionality for expenses that employees submit during the course of their engagements with different clients. It has drastically reduce the amount of time required to approve reimbursement and integrate with existing accounting functions.

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UA
Small-Business
(11-50 employees)
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"Decent product"

What do you like best?

This is such a decent product used in accounting department. I am in the finance team using this one to create charge code for employees so they can charge their expense to the project. I also use this program to take a look on Purchase Requisition and Purchase Order which normally managed by Account Payable Department. It works pretty well and the program is reliable.

What do you dislike?

Since I am still a new user of this product (Less than 1 year of experience). I still find it kind of hard when performing work on this program. However, I noticed that this program is awesome and it protects some error when coding data to the program. I think this is a good program that your company should consider and give it a try.

Recommendations to others considering the product:

I have a confidence that if you are looking for the program that can prevent the data from unauthorized users and can keep track on the data, this is one of the good choices you may want to consider.

What problems are you solving with the product? What benefits have you realized?

The benefits are

- It gives you the protection in a way that if you haven't linked the account code with project code before and you are about to code it for the first time, it alerts you as an error so you have a chance to consider if what you are coding is correct or not.

- It gives permission on how much you can have access to the program.

- It works well and links to CER.

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Accounting Specialist IV
Defense & Space
Mid-Market
(501-1000 employees)
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"Used better programs"

What do you like best?

I like that the new version prints checks, reports etc. in the PDF version before wasting all the paper of having to print it out first. It allows you to review before hand to see if that is really what you really want before confirming anything. I like how you are able to enter descriptions in your vouchers to detail out what the voucher is for or what the voucher is paying. So for future reference you are able to go back and see why it was posted or who did it.

What do you dislike?

I dislike that it doesn't allow duplicate checks and that you have to always check that box. I also don't like that you have to run zero dollar checks separately to clear out corrections. They use to be included in the normal check run process. I also dislike that you cannot reverse a credit in system, so it makes it difficult to make corrections sometimes. Sometimes I dislike some of the error messages that pop up and it doesn't detail out what the issue is but it won't allow you to move on until you fix the problem. It just puts a big red box around the problem but that is it and a small description of the problem at the bottom. It think it needs more details as to what is needed to correct the issue.

Recommendations to others considering the product:

I would say go over everything in the system and make sure that it fits your needs because sometimes I do not things that everything was reviewed before hand before they decided to upgrade and some of the new features make our jobs a little more time consuming.

What problems are you solving with the product? What benefits have you realized?

I work on cutting the payments to our vendors and creating the files to send to the bank. I create the preprocessor and the cash disbursements.

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Resource Manager
Information Technology and Services
Small-Business
(11-50 employees)
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"Review of Deltek Costpoint"

What do you like best?

Once you learn the system, it's pretty easy to put in your time for time keeping

What do you dislike?

If you have to do anything beyond the normal steps of putting in your time, it can be a little difficult to work through the sub menus to access other time trees.

Recommendations to others considering the product:

It's a good system to use if you're looking for something that's a simple set up for your employees and not difficult to navigate. Can be helpful if you have other Deltek products that your company uses.

What problems are you solving with the product? What benefits have you realized?

Since it's integrated into our HR software, keeps everything in one ecosystem

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Contract Administrator - Parsons Government Services
Civil Engineering
Enterprise
(10,001+ employees)
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"Convoluted and Complicated"

What do you like best?

The main screen interface is fairly easy to decipher and navigate since it has large, clear, graphical buttons taking the user to areas within the software.

What do you dislike?

Most of the user experience is attempting to figure out how to find the information one needs since data is often buried behind windows and links. It is difficult to find what one is looking for, and the GUI while searching for project related information is not intuitive.

What problems are you solving with the product? What benefits have you realized?

Contract management - all contract data is enetered into Costpoint, and it is the main database for contract information, including accounting/financials.

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Manager
Information Technology and Services
Enterprise
(10,001+ employees)
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"Web-Based Timekeeping"

What do you like best?

Deltek allows one to take care of daily timekeeping and expense needs using a convenient web interface. Due to the fact that no software client is required, Deltek can be accessed from any computer and there is even a mobile version of Deltek that can be accessed from a phone or tablet (or a regular computer for that matter).

A variety of reports are available that can be used to display personal timekeeping and expense information as well as information for subbordinate employees.

Frequently used charge codes can be favorited and they can even be configured to autopopulate. When creating expense reports, one can select a previously recorded expense report to be used as a template.

What do you dislike?

When recording expenses, it would be nice if there were a copy/paste function so that repetive expenses such as daily commute costs could be recorded more easily. In the mobile version of Deltek, there is no method for approving expenses, in fact, I am not even notified that there are expenses awaiting approval. Finally, I find the changes made to my timesheet when amending to be somewhat confusing and difficult to look it. Although technically correct, I think that maybe just crossing out the original time entries would be easier to process visually.

What problems are you solving with the product? What benefits have you realized?

At my workplace, Deltek is used to record time worked and expenses. Given that Deltek is accessed via the web, these items can be recorded anywhere and managers are able to see what their employees enter immediately. Deltek has built-in approval mechanisms that allow managers and auditors to ok timesheets and expense reports so that customers can be billed and employees can be payed.

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Senior Accountant
Management Consulting
Mid-Market
(51-200 employees)
Validated Reviewer
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"Working with Costpoint"

What do you like best?

The ease of navigation withing each application

What do you dislike?

The reports cannot be converted to excel from within Costpoint. One has to either create a PDF and convert to an excel offline and also the system printing a cover page each time you select the print option. This should be an option one can turn off or chooses so as to save on paper.

Recommendations to others considering the product:

Get the setup right from the beginning especially your project set up. A lot of errors are incurred with the initial setup and if you are a user and are not aware of the errors, you cannot be able to realise the impact this will have on your reporting and accuracy as you process your day to day work.

What problems are you solving with the product? What benefits have you realized?

Truing to use other software for report writing. The integration of T&E has helped tremendously in uploading timesheets directly to CP reducing errors and faster processing of labor distribution. Also being able to automatically export changes in the peoples application when you make updates back to T&E has also helped in reducing errors and duplicate entries.

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"Expense management software for a consulting"

What do you like best?

I like cost point the best because it is a piece of software that solidly allows our employees to log their expenses and for managers to approve those expenses.

What do you dislike?

I dislike that cost point is legacy software that hasn't been updated over the past few years.

What problems are you solving with the product? What benefits have you realized?

The problems I'm solving with costpoint is the need to ensure compliance and our accounting practices and guarantee that we have a reliable log of all employee expenses incurred from consulting engagements.

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AP
Mid-Market
(51-200 employees)
Validated Reviewer
Verified Current User
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"Admin and User in Accounting"

What do you like best?

Project management for federal contracting and grantees which incorporates various agency reporting.

What do you dislike?

The steps are complex and not intuitive.

Recommendations to others considering the product:

I like the single signon integration. I'm waiting for the bugs to be worked out. As you move to a more user friendly processes, I think CP will begin to be all that we need. Also, we have multiple funders and it's not easy to make this work. If you could incorporate this functionality, I would be a very happy CP user.

What problems are you solving with the product? What benefits have you realized?

I'm able to provide realtime data to program managers. Have implemented PO process that is initiated by the program staff directly in the system,.

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Marketing Analyst
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"Expense management software for my marketing team"

What do you like best?

Deltek gets the job done and I can approve and deny expenses in the system. The interface is rather basic but complete.

What do you dislike?

I dislike that the Deltek interface is old and hasn't been updated for a while. They could work on the design of the software.

What problems are you solving with the product? What benefits have you realized?

Deltek is letting me and my marketing team better track our expenses. It's reduced the time to reimbursement, along with visibility of our everyday expenses that we incur as a company.

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UP
Enterprise
(1001-5000 employees)
Validated Reviewer
Verified Current User
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"Deltek Timesheets"

What do you like best?

Honestly, I do not know how payroll was able to produce paychecks before programs like Deltek Costpoint were available. I can see how the paying of employees and taxes and project cost tracking processes are able to be handled by this program. From a user's perspective, I absolutely must enter my time on a daily basis, because tracking hours worked against project numbers is critical to my success. I'm located two time zones away from Corporate, so I really like the approval workflow.

What do you dislike?

I dislike the layout - even when I stretch or shrink frames I'm error prone because there is too much scrolling required.

Recommendations to others considering the product:

If you are a Deltek user, enter your time every day.

What problems are you solving with the product? What benefits have you realized?

Online is allowing me to meet deadlines even though I'm three time zones away from corporate.

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Mid-Market
(51-200 employees)
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Verified Current User
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"Sufficient"

What do you like best?

Once you learn all of the quirks, it's very easy to use. The ability to add notes to each line is the helpful. The ability to add what seems like an infinite amount of charge lines is great.

What do you dislike?

The loop you can get stuck in getting locked out of your account and resetting your password. It's happened to me and felt like an endless cycle.

What problems are you solving with the product? What benefits have you realized?

The current version we are using is cloud based.

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GI
Enterprise
(10,001+ employees)
Validated Reviewer
Verified Current User
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"Deltek "

What do you like best?

A great time keeping and expense program. Much better than other products, as this is mainstreamed into allowing managers too directly (and quickly) approve request. There are several other functions that are able to be used that we (at my department) do not currently use, such as requesting vacation (and mangers approving such request), as well as tracking an employee’s work schedule, in case they are working at several different sites.

What do you dislike?

It can be a bit confusing to our new hires, when they are trying to navigate through an Expense request. The system takes a little getting used to, and there also seems to be a lack of any type of spell check fiction.

What problems are you solving with the product? What benefits have you realized?

Over all this products allows our company to gather all the various timecard information from many different billable types of individuals and present it to our Government client rather easily.

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U
Enterprise
(10,001+ employees)
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"Costpoint easiness "

What do you like best?

Costpoint is very easy to use, especially for beginners. Not much training is needed.

What do you dislike?

The time keeping abilities. When a new period begins it take a few minutes to find all your charge numbers you usually use. I’m sure there are shortcuts for this, but we have not learned them.

What problems are you solving with the product? What benefits have you realized?

We use costpoint for material purchasing/purchase orders approval, project numbers opening/closing, printing project summary reports etc.

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Administrator
Mid-Market
(201-500 employees)
Validated Reviewer
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"Easy to Navigate"

What do you like best?

Quick system, able to duplicate pages for copied information- saves time

What do you dislike?

Dislike the minimum information in error messages, unable to click on error message

What problems are you solving with the product? What benefits have you realized?

Business solutions have been made from keeping track of data efficiently. Benefits are the query searches and accurate loads of data.

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Enterprise
(1001-5000 employees)
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"Functional Support for 3 years, Procurement Manager (User) for 2 years"

What do you like best?

The system is able to do Project Accounting

What do you dislike?

lack of customization. mobile doesn't seem to exist

Recommendations to others considering the product:

Make sure you have good business processes in place

What problems are you solving with the product? What benefits have you realized?

Over time we have be able to analyze our data better. Which starts with capture all of our data correctly.

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Supervisory Financial Analyst
Government Administration
Enterprise
(1001-5000 employees)
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"Deltek CostPoint"

What do you like best?

I like the ease of use for Deltek Costpoint and Time and Expense

Also the system is great for our company to manage and approve travel.

What do you dislike?

The functionality to update some of the system requirements are not user friendly or easy to change.

What problems are you solving with the product? What benefits have you realized?

Deltek Expense and Time Keeping are great for any business that has employees across the globe. You can also log in on your phone or from a computer which makes it easily accessible.

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UI
Enterprise
(10,001+ employees)
Validated Reviewer
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"Costpoint is effective for the most part"

What do you like best?

It’s very easy to input new projects and track accounting-related issues.

What do you dislike?

The system interface, although effective, seems very dated. It could certainly use an upgrade. It just doesn’t feel fresh.

Recommendations to others considering the product:

Definitely learn to use and undergo as much training as possible before use.

What problems are you solving with the product? What benefits have you realized?

We often use Costpoint to track expenditures in relation to proposals as well as expenditures related to current work. With the ability to track these items at multiple levels, Costpoint is very useful

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Senior Financial Analyst
Defense & Space
Enterprise
(10,001+ employees)
Validated Reviewer
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"Costpoint"

What do you like best?

It’s easy to pull reports to find the data you need.

What do you dislike?

I don’t like how many steps it takes to get to the data I am needing or the report I’m trying to pull.

Recommendations to others considering the product:

Get the proper training by a SME before attempting to use

What problems are you solving with the product? What benefits have you realized?

I pull division data that I need so help me understand labor charging and properly calculate labor rates.

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Mid-Market
(201-500 employees)
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"Pros and Cons of Deltek CP"

What do you like best?

The software is easy to use and navigate

What do you dislike?

The software doesn't give full flexibility of customization

Recommendations to others considering the product:

Read on the product, ask the experts for any additional information and get the right implementation team to help you set up. This is critical if you are moving from another software to Deltek

What problems are you solving with the product? What benefits have you realized?

Financial reporting. Creating customized reports that are easy to read and are detail oriented

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Deltek Vision Programmer/System Administrator
Research
Enterprise
(1001-5000 employees)
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"CostPoint for Project based business"

What do you like best?

I am pretty impressed by the variety of capabilities of CostPoint to handle domain specific data of project based industries, specially the DCAA audit needs of GovCon industry. We highly recommend the ERP for all contractors in US and other countries.

What do you dislike?

Too many session choices, I would have loved to attend ninety percent of them if not all

Recommendations to others considering the product:

Highly customised for contracting industry

What problems are you solving with the product? What benefits have you realized?

We help GovCon industry to set the accounting and systems right, with DCAA audit support and Forward Pricing support. We find that CostPoint cannot be easily replaced by any other software.

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Chief Financial Officer
Enterprise
(1001-5000 employees)
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"Expense report is not user friendly."

What do you like best?

I like Concur better than Deltek Time and Expense.

What do you dislike?

I like Concur better than Deltek Time and Expense. Concur can accept different formats of receipts and can convert them into useful supporting documents. In addition, it allows users store receipts while on travel and before approval.

What problems are you solving with the product? What benefits have you realized?

Time sheet module works well, especially auditing features and being able to email those users who have not compliant with time sheet policy.

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Accounts Payable Clerk
Aviation & Aerospace
Mid-Market
(201-500 employees)
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"Costpoint 7 is worth the upgrade"

What do you like best?

The ease of use and the increase in productivity

What do you dislike?

Some of the functions don't always work properly and unnecessary warning notifications when processing vouchers.

What problems are you solving with the product? What benefits have you realized?

Increased productivity

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U
Enterprise
(10,001+ employees)
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"Has its limitations"

What do you like best?

The integration of multiple systems (Sage HR Compass, Time Collection, Billing)

What do you dislike?

Lag in communication across systems, difficulty in finding errors

Recommendations to others considering the product:

Use training materials provided to better understand how the system communicates.

What problems are you solving with the product? What benefits have you realized?

Systems work across languages, regions, and time zones, which is effective for MNCs.

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UI
Mid-Market
(201-500 employees)
Validated Reviewer
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"Some bugs, Overall Good"

What do you like best?

For the most part, it is very easy to look up your charge code, enter your hours for the day, and submit.

What do you dislike?

The site as a whole is a bit difficult to navigate outside of the timesheet.

What problems are you solving with the product? What benefits have you realized?

It's simply an easier way to enter and record hours on your timesheet.

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Consultant/Accounting System Implementations/Accounting, Bookkeeping Support/System and Process
Civil Engineering
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"Implementation and Usage Review"

What do you like best?

The ability to track projects by scope, phase. Costpoint has better project tracking than most others

What do you dislike?

Cumbersome to use for someone not technically inclined

Recommendations to others considering the product:

Allow more time than anticipated to upload historical data

What problems are you solving with the product? What benefits have you realized?

Solves true costing questions. Allows users to see real time costing and budgets. Scheduling of personnel

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Assistant Controller
Architecture & Planning
Mid-Market
(51-200 employees)
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"Costpoint of review"

What do you like best?

Easy to review categories and run reports for each cost item

What do you dislike?

Design is very outdated and not pleasant to look at

What problems are you solving with the product? What benefits have you realized?

Assess cost centers for different projects and run reports to forecast and budget costs for future periods

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Small-Business
(11-50 employees)
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"Frustrating"

What do you like best?

The software is great once its setup correctly - calculations and reporting is accurate.

What do you dislike?

We are in the cloud and the updates happen without notice and have been changing settings within our file which has caused huge headaches and many mis-reported items. the program is very cumbersome and requires a lot of input and monitoring to maintain accurate reporting.

What problems are you solving with the product? What benefits have you realized?

All financial and timekeepting aspects of our company. The manufacturing tracking is good.

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Mid-Market
(501-1000 employees)
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