Deltek Costpoint
DeltekReviews from AWS customer
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Costpoint’s Versatile Modules Unlock More Efficient Processes
What do you like best about the product?
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.
What do you dislike about the product?
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.
What problems is the product solving and how is that benefiting you?
Costpoint is a leader in project-based reporting. It is easy to manage all types of transactions by projects, report on them and still be able to easily use the same data for US GAAP reporting. Being able to automatically burden project costs and compute revenue is invaluable to CAS compliance while being able to provide transparency to external auditors, including DCAA. We were able to use the Pools functionality to automate intercompany eliminations, taking days off our close cycle while making the underlying data more agile for re-orgs or historical reporting.
Reliable, Consistent Platform with Generally Excellent Customer Support
What do you like best about the product?
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.)
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.)
What do you dislike about the product?
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.
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.
What problems is the product solving and how is that benefiting you?
Improving Material Resource Planning.
AI Feature Is a Game-Changer
What do you like best about the product?
I believe the most helpful part is the AI feature. It would be very helpful when it comes to entering invoices. The ease if it would be great because all you would need to do is tell AI what you want, and it would do most of the work.
What do you dislike about the product?
I would prefer the option to edit the default cash receipt line to whatever account number I need. It makes it very difficult to enter offset cash receipts.
What problems is the product solving and how is that benefiting you?
It hasn't solved any issues at this point for me, I believe.
Comprehensive Financial System with Room for Report Flexibility
What do you like best about the product?
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.
What do you dislike about the product?
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.
What problems is the product solving and how is that benefiting you?
Deltek Costpoint consolidates financial functions into one cloud platform, automates workflows like AP and time entry, and uses dashboards for easy access to timesheets and leave requests. It enhances accuracy, efficiency, and compliance in financial processes.
Continuously Improving with Evolving Technology
What do you like best about the product?
How it keeps on improving with the ever evolving technology
What do you dislike about the product?
The timely process of accounting prior to AI
What problems is the product solving and how is that benefiting you?
AI and Dela
Effortless Navigation and Timely Repors
What do you like best about the product?
I am able to navigate through the system efficiently and get to the reports I need in a timely fashion
What do you dislike about the product?
I don’t have any specific dislikes to the system.
What problems is the product solving and how is that benefiting you?
We have a problem here with budgets and getting some information out of the system in a more cohesive report so we are looking for Costpoint to help with that.
Great Task Grouping, but Update Changes Can Be Unexpected
What do you like best about the product?
the grouping of tasks and related information
What do you dislike about the product?
occasionally, with standard updates display requests and access requests change without notice
What problems is the product solving and how is that benefiting you?
I work in the accounting group for a defense contractor. Keeping information compliant and organized is a real bonus
Boosts Speed and Accuracy with Great Features
What do you like best about the product?
I love Deltek Costpoint because it works perfectly and I appreciate all the features it offers. It helps me do things faster and more accurately. I can process AP faster, and I handle billings and RJE more quickly.
What do you dislike about the product?
The timesheet screen could be bigger.
What problems is the product solving and how is that benefiting you?
Deltek Costpoint helps me do things faster and more accurately, especially processing AP and doing billings and RjE quicker.
Intuitive System with Room for Enhanced Automation
What do you like best about the product?
I like that Deltek Costpoint is an intuitive Accounting System and Timekeeping System. It effectively records transactions for our general ledger and tracks our timekeeping practices.
What do you dislike about the product?
I'm finding it challenging to track employees who don't do their time by our required deadlines. It would be better if Deltek Costpoint had options to send reminders instead of just creating reports that we then have to manually review.
What problems is the product solving and how is that benefiting you?
I use Deltek Costpoint for our accounting, procurement, and timekeeping. It records transactions for our general ledger, retains purchase order information, and tracks timekeeping. It's intuitive and addresses all these functions.
Enjoyable, Compliant Portal with Strong Safeguards
What do you like best about the product?
I enjoy using the portal, and I actually appreciate the safeguards that are in place to ensure compliance.
What do you dislike about the product?
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.
What problems is the product solving and how is that benefiting you?
The integration of AI is a game changer, and I really appreciate how Deltek is striving to stay current. That’s an accomplishment for any of us who are trying to learn and keep up in the AI world.
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