Costpoint Reviews & Pricing

by Deltek | Founded 1983, Herndan, VA

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Overview Pricing Benefits Reviews Features

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What is Costpoint?

Industry Specialties: Serves government contracting, non-profit and professional services industries

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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User Sentiment

Based on 499 reviews:

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Costpoint Pricing

Based on our most recent analysis, Costpoint pricing starts at $30 (Monthly, Quote-based).

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Starting From: $30
Pricing Model: Monthly, Quote-based
Free Trial: Yes, Request for Free

Training Resources

Costpoint is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for Costpoint:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

Costpoint Benefits and Insights

Why use Costpoint?

Key differentiators & advantages of Costpoint

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.

Industry Expertise

Costpoint leverages over 30 years of software advancement to provide government contractors, nonprofits and service providers with automation, visibility and accounting support. It gives users the power to meet demanding compliance and regulatory requirements while streamlining daily tasks.

Costpoint Reviews

Average customer reviews & user sentiment summary for Costpoint:

499 reviews

78%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of Costpoint reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

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.

Cons

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.

Researcher's Summary:

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.

Key Features

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.

Limitations

Costpoint comes with plenty of benefits and capabilities, but there are a few limitations. At the time of this review’s publication, these are the limitations of the solution based on user feedback:

Implementation is complicated
Takes unnecessary steps to complete a task

Suite Support

Deltek Costpoint provides users with numerous support options:

Email: Email support options are gated behind the Deltek Support Account login page.

Phone: Phone support options are gated behind the Deltek Support Account login page.

Training: Deltek University gives users unlimited learning through their subscription-based learning programs. Deltek also provides comprehensive product training for users looking to boost their efficiency with the product. In order to access these benefits, users must log in to the Deltek Learning Zone.

Tickets: Users can submit tickets for more information in the support section of Deltek’s website.