Deltek Costpoint Reviews & Product Details

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 really appreciate that Deltek Costpoint is an all-in-one financial system that covers financials, timekeeping, billing, and project accounting. The automation of workflows like accounts payable, billing, and time entry significantly streamlines processes, improving accuracy and efficiency in project costing. The dashboard is another feature I like, as it provides employees with an easy place to access current and past timesheets, check the status of expense reports, and manage leave requests. Additionally, having most financial functions in one cloud-based software is a big advantage. Review collected by and hosted on G2.com.

One area for improvement is in reporting flexibility. It has strong data capabilities, creating custom or ad hoc reports can be less user-friendly. Building a report often requires a deeper understanding of table structure, report tools and/or multiple steps that aren't always user-friendly for non-tech users, which makes it hard to quickly pull tailored reports without assistance from a more experienced user. Review collected by and hosted on G2.com.

Costpoint is a highly versatile platform built on a robust database foundation. It’s a well-structured tool that can support significant growth and expand the technical capabilities of your enterprise over time. Review collected by and hosted on G2.com.

Often, I need to get on a call with a customer representative to use many of the more robust features, and it’s difficult to get on the phone or a Teams chat with someone who can actually help when I’m stuck trying to use a specific capability of the platform. I’d really like a more involved learning hub, with step-by-step walkthroughs and clear examples, that customers and users of the platform can refer to when they need guidance. Review collected by and hosted on G2.com.

long established application--don't feel like a beta tester

consistency in format across modules & applications

Customer Support is generally excellent (I have seen a few less than stellar performers over the past decade, but never a repeat.) Review collected by and hosted on G2.com.

It can be difficult to find answers to specific questions in the Knowledge base.

There is a forum but I have never been able to find much help there.

There have been a few times when the easy answer was "Ask your Administrator" but I am the Administrator asking.

I think it might be helpful if you had a more advanced Help for Administrators subcategory. Review collected by and hosted on G2.com.

So I mainly use to log my own hours and then approve the timecards of my direct reports. It is easier to use for approval of direct reports timecards than previous tools used. Review collected by and hosted on G2.com.

It is not as easy to find charge codes in the tree of available charge codes as the previous tool the company made use of. I also find it cumbersome to navigate through the manage/approve timecard portion as far as using the refinement tools to try and find older records or a specific direct reports info. Review collected by and hosted on G2.com.

The ability to tailor the application to meet our company's needs through extensibility and CBI. We are able to tie our data together for centralized processing in the way we need it. The system is getting more user-friendly as they take lessons learned from usability, but it does require some training to administer the data properly. However, the level of complexity makes it more powerful system to meeting reporting needs. Review collected by and hosted on G2.com.

Being on the Cloud has limited us because we don't have access to Cognos tools we had when on-premises. Some of the operations can take longer than if we were locally hosted. Review collected by and hosted on G2.com.

Stability of functionality. While the product releases new enhancements and functionality quite frequently, the product still allows users to utilize the functionality that they have been using for years. Roll out of changes is done in rounds and tends to not be too much at one time, this makes it easier for my team to consume the product.

I enjoy to the new UI and the excitement it is going to bring to our users moving forward.

I love our customer support team and their willingness to help when we have issues. Review collected by and hosted on G2.com.

Going into the new UI I miss the ability to see breadcrumbs. I am not super excited about dela but am going to embrace moving forward. Review collected by and hosted on G2.com.

I enjoy using the portal, and I actually appreciate the safeguards that are in place to ensure compliance. Review collected by and hosted on G2.com.

I would like easier access to training packages that we can use to set up onboarding materials for new hires. I appreciate the information provided online, but I also prefer resources that can be downloaded and shared within our financial groups, as well as during our internal knowledge-sharing sessions. Review collected by and hosted on G2.com.

I like how Deltek Costpoint is transparent and user-friendly, whether through the web-based or Windows app interface. It's great to be able to switch between them. The application takes a lot of the guessing out of the equation, which makes navigating program management responsibilities easier for me as a financial analyst. Using Deltek Costpoint has made my job easier, and I find myself learning something new every time I use it. I especially love the ability to create different project levels within a level 1 program, such as level 2 for the CLIN and level 3 for the WBS. My experience has been very positive, and I feel there's nothing Deltek Costpoint can't do when managing financials for any given program. Review collected by and hosted on G2.com.

Sometimes in the inventory part of Costpoint (“manage inventory projects”), when I am creating new inventory abbreviation and when I click save, the page goes away. I would like to see this improved so that when I save what I am doing, that I am able to still make edits and continue on the same screen as I was using before hitting save Review collected by and hosted on G2.com.