Costpoint vs Oracle Fusion Cloud

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Our analysts compared Costpoint vs Oracle Fusion Cloud based on data from our 400+ point analysis of ERP Software, user reviews and our own crowdsourced data from our free software selection platform.

Costpoint Software Tool

Product Basics

Deltek’s Costpoint management suite is designed to serve government contractors of all sizes. It includes support for the entire life cycle of a project and includes accounting, manufacturing, business intelligence and materials management inclusions. It maintains high levels of compliance to ensure government contractors are within successful operational parameters.

It is available with both cloud-based and on-premise deployment options and adheres to the ever-growing list of government regulations required of contractors. It helps users streamline daily tasks and complex accounting processes and provides users with valuable visibility into company metrics.
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If you’re juggling complex operations across finance, customer service, and HR, you need a powerful ERP solution to keep things on track. Oracle Fusion Cloud delivers just that. This all-in-one cloud suite uses smart AI to handle essential functions like ERP, EPM, SCM, HCM and CX. It’s a great choice for medium to large businesses looking to improve their operational efficiency, make data-driven decisions and grow in a competitive market.

It’s built on Oracle Cloud Infrastructure, providing essential services like authentication, authorization, events and monitoring. The applications are flexible and easy to customize, making it simple for businesses to adapt to changes on the fly.

Users love how seamlessly Oracle Fusion Applications work with other Oracle products. It syncs real-time data effortlessly, making reporting a breeze. Plus, the wide range of features and customization options is a big bonus!

However, some users find the setup process a bit tricky. It can take some time and resources to get everything just right. You can choose to deploy it in various ways: private, public, hybrid or even on a private cloud managed by Oracle Cloud Services.

Pricing depends on the modules and features you choose. Subscriptions typically start at $625 per user per month, with a minimum purchase of 10 users. It's good to review the base costs and any additional expenses that may come with using Oracle Fusion Cloud services.

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Product Insights

  • Reduce Compliance Costs: Costpoint knows compliance is key for anything related to government work. It can reduce costs associated with DFARS, CAS, SOX, MMAS, ASC 606 and FAR compliances. Lowering costs associated with these compliances can help with passing DCMA and DCAA audits. 
  • Valuable Project and Portfolio Intelligence: Deltek’s Costpoint suite gives users clear visibility and helpful insights to keep projects efficient while gleaning actionable insights for future processes.  
  • HR Process Automation: Automating tedious and time-consuming processes like open enrollment let users focus on more critical tasks. It also includes compliance reports to ensure that you and your teams are within the proper parameters to function successfully. 
  • Audit Preparedness: Cospoint’s software suite makes compliance with DCAA regulations a top priority. It also keeps users within SOX and DFARS guidelines while being compliant with GovCon right out of the box. It also includes sample reports and support for Wide Area Workflows. 
  • Improve Financial Management: Users can leverage Costpoint’s automation features to streamline cumbersome financial processes. It also gives users updated financial information to enhance forecasting. 
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  • Get Customer Insights: Centralize account management and utilize a customer self-service portal with Oracle Fusion Cloud. Streamline lead management and make informed decisions using real-time analytics, all supported by a perfect score of 100 from our analysts.
  • Leverage AI: Use AI and machine learning to enhance planning and automate workflows. Features like generative AI help with content creation, while adaptive intelligence detects anomalies, boosting overall operational efficiency.
  • Improve Operational Efficiency: Accelerate reporting, close books faster and manage compliance effectively. With 86% of functional requirements met out-of-the-box, you can integrate legacy systems with cloud-based AI to minimize customization and maximize efficiency.
  • Increase Reporting Productivity: Automate reporting processes to save time and allow employees to focus on essential tasks like sourcing and supplier development. The system’s robust reporting capabilities scored a perfect 100 in our analyst rating.
  • Find Insights Easily: Use self-service analytics to easily discover insights without complex calculations, turning real-time data into clear, actionable visuals.
  • Simplify Business Processes: Streamline operations across customer experience, HR and ERP with IoT support to identify new opportunities. The system also boasts a perfect 100 rating from our analyst data for its human resource management capabilities.
  • Cut Costs: Reduce intermediary costs and speed up transactions with prebuilt blockchain applications, enhancing transparency and traceability in your business operations.
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  • Project Management: Provides robust resource management capabilities. Users can budget and source their resources while ensuring that they are being properly distributed and used. It also automates a number of these processes to let users focus on more important tasks. 
  • Procurement Features:  Has customizable approval workflows to get purchase requisitions pushed through quickly. Cut down on double entry by automating purchase order generation after approval. Supplier portals boost collaboration and open up communication channels for more effective partnerships. 
  • Manufacturing Support: Supports manufacturing businesses with modules that manage quality, maintain compliance, and quickly adapt to engineering changes. It also provides inventory management features paired with barcode scanners. Contractors can also benefit from the extensive accounting solutions offered by the system. 
  • Time and Expense Management: Gives users multiple avenues to manage employee time, including time entry, leave requests and timesheet approvals. It also provides labor cost, project timeline and expense visibility to give project managers a clear view understanding of how things are progressing. 
  • Analytics and Intelligence: Puts vital data and reports directly into the hands of decision makers to keep the business moving forward. Built-in dashboards, embedded reports, ad-hoc reporting and robust analytics shine a light on the success or failure of daily processes. 
  • Accounting: Ensures that all transactional data is directly tied to the project. It contains features that support labor utilization, invoices for milestones, revenue forecasts, accounts receivable aging and numerous compliance inclusions. Users can leverage project status reports to see how costs measure up to the agreed-upon budget. 
  • Contracts: Leverages automation and a holistic approach to contract management and integrates all critical information into a single source. Users can track proposal costs and bids, rate vendor performance, manage RFPs and more. It also manages subcontracts and can automatically generate projects from opportunity records and contracts. 
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  • Financial: It simplifies your closing process with built-in standardization and automation. Use dashboards to track progress, automate account reconciliations, and enhance control and auditability. With a single source of financial data, you can speed up issue resolution and ensure compliance. Strong analytics and reporting tools also make decision-making and external reporting easier for you.
  • Project Management: Connect the right resources to your projects for better team alignment. Use drag-and-drop Gantt charts to manage workloads and gain visibility across multiple projects. Plus, streamline your tasks with a conversational interface for greater efficiency. Our analysts give its project management capabilities a perfect score of 100.
  • Procurement: Automate your source-to-pay process using machine learning to select the best suppliers and manage risks. Simplify your purchasing with analytics and supplier tools, all while keeping costs in check. With integration into Oracle Cloud ERP, you can enjoy a seamless user experience and leverage AI to strengthen your supplier relationships.
  • Risk Management: It enhances your security with continuous monitoring and self-service access management. The platform helps you detect Separation of Duties (SoD) violations early, simplifies financial audits, and digitizes internal controls for easier compliance tracking. With a centralized risk and control matrix, you can promote collaboration and transparency across your organization.
  • Enterprise Performance Management: Streamline your sign-off tracking, customize formats and set alerts for managing exceptions. Handle large transaction volumes quickly while ensuring secure document storage for compliance. Plus, you can easily integrate with other Oracle Cloud EPM apps for a complete financial close solution.
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Product Ranking

#54

among all
ERP Software

#33

among all
ERP Software

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Analyst Rating Summary

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86
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99
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Costpoint
Oracle Fusion Cloud
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Analytics And Reporting Asset Management Customer Relationship Management Finance And Accounting Human Resource Management Inventory Management Manufacturing Order Management Procurement Project Management Service Management Supply Chain Management Warehouse Management 99 92 99 99 100 99 92 90 82 100 84 89 75 0 25 50 75 100
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86%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Good User Sentiment 499 reviews
Great User Sentiment 1188 reviews
78%
of users recommend this product

Costpoint has a 'good' User Satisfaction Rating of 78% when considering 499 user reviews from 6 recognized software review sites.

85%
of users recommend this product

Oracle Fusion Cloud has a 'great' User Satisfaction Rating of 85% when considering 1188 user reviews from 4 recognized software review sites.

4.1 (14)
n/a
3.5 (58)
3.8 (143)
4.0 (187)
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4.0 (201)
4.3 (60)
3.8 (12)
4.5 (176)
3.2 (27)
4.3 (809)

Awards

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SelectHub research analysts have evaluated Oracle Fusion Cloud and concluded it earns best-in-class honors for Asset Management, Customer Relationship Management, Finance and Accounting and Human Resource Management.

Asset Management Award
Customer Relationship Management Award
Finance and Accounting Award
Human Resource Management Award

Synopsis of User Ratings and Reviews

Interface: Of the reviews that discuss the interface, 56% of users say this solution has a user-friendly interface and is easy to use.
Accessories: According to 69% of users, this solution's features are enough to streamline productivity and can integrate with each other.
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Integration and Usability: Users appreciate how the platform smoothly integrates with other Oracle products, boosting productivity and teamwork across departments.
Advanced Features: The use of AI and machine learning that supports decision-making and task automation are seen as a big advantage.
Continuous Improvement: Many users mention that the software keeps getting better with regular updates that improve features and user experience.
Robust Analytics: The platform provides strong analytics, helping with better financial management and offering useful operational insights.
User-Friendly Interface: Users like the simple, easy-to-navigate dashboards, which make troubleshooting easier and streamline workflows for a better user experience.
Strong Security Features: It has solid security measures and compliance certifications, keeping sensitive data safe and meeting regulatory standards.
Real-Time Insights: The platform provides real-time analytics and reporting for quicker data-based decisions.
Improved Accessibility: As a cloud-based platform, it allows users to access important data from anywhere, anytime, offering flexibility and quick responses.
Automated Processes: Automation simplifies routine tasks like account reconciliations and expense claims, reducing manual work, minimizing errors and improving efficiency.
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Implementation: When asked about the implementation process, 43% of users stated it was complex.
Performance: Precisely 72% of users said it takes unnecessary steps to carry out a task and when error messages appear, they're unclear.
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Complex Implementation: Users mention that the implementation process is complex and lengthy, which can be overwhelming and time-consuming, especially for smaller organizations.
High Cost: Some users consider the pricing structure to be high, particularly for small and medium-sized businesses, which may limit accessibility.
Training Needs: Users note that a lack of training resources can hinder effective use, leading to a steep learning curve for new users.
Limited Regional Features: Users point out that some features may not be available in all regions, limiting functionality for global organizations.
Data Migration Challenges: Moving data from older systems to Oracle Fusion Cloud can be complex and may lead to data integrity issues.
Vendor Dependence: Some users are concerned about becoming too reliant on Oracle for updates and support, which can limit flexibility in managing their IT systems.
Customization Challenges: While customization options exist, users report that extensive changes can complicate upgrades and maintenance, potentially increasing costs and implementation time.
Limited User Support: Users have expressed concerns about the availability and responsiveness of support, which can delay the resolution of issues.
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Deltek's Costpoint is a tool intended to carry out manufacturing, accounting, BI and other tasks to keep businesses afloat. Users say it's easy to use and simple to navigate features such as time tracking, MRP, reporting, change management and others to enhance operations. Other users say the setup is complicated and the performance isn't great because unclear error messages appear and it takes more steps to complete a task than necessary. Overall, Costpoint is a useful program.

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Oracle Fusion Cloud scores 86, placing it second in our analysis on our ERP software leaderboard. Our researchers ranked various features, including asset, customer relationship and human resources management. The product tour modules gave me a good overview of the different features. Watching the webinar videos and reviewing the product documentation provided more clarity on how it works.Many users like the clean user interface and dashboards. I noticed this while going through the training materials. However, new users might find the learning curve a bit steep, but there are plenty of resources available to help.I know the tours don’t cover every use case, so a free demo could be helpful. Many success stories highlight that setting up the software is quick and easy, often without needing support to get started.I appreciate the effort they’ve put into creating resources over the years and continually improving the product. This gives me confidence that investing in their complete suite of enterprise solutions is worth it and relevant to current market changes.Some users mentioned that the implementation can be complex, which might overwhelm small teams with tight budgets. Additionally, some feel the pricing structure is on the higher side.Overall, Oracle Fusion Cloud is an enterprise application with key modules for ERP, EPM, SCM, HCM, and CX. Users value its scalability, flexibility and integration capabilities. However, some say that the platform can be complex and has a learning curve. Compared to similar products, Oracle Fusion Cloud is an excellent choice for businesses seeking a comprehensive cloud solution.

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