Deltek Costpoint
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Deltek Costpoint - The ERP for your business
What do you like best about the product?
Costpoint provides various management solutions for any company at any stage in business. The system is flexible, ensures internal control, guided management solutions for payroll, timesheets, general ledger, AR, AP, Budgeting and Procurement.
What do you dislike about the product?
From a reporting perspective, there could be some more flexibility or more formal training options for the Business Intelligence. BI is a great tool but requires a general background in data management. It would be very beneficial if Deltek provided such general knowledge to its users.
What problems is the product solving and how is that benefiting you?
Costpoint provides an almost one-stop solution for my complete ERP needs. Costpoint allows the company to manage its core processes like accounts payable, billing, accounts receivable, payroll, timekeeping, budgeting and general ledger in one place.
CFO CP user 8 years
What do you like best about the product?
If setup properly, then Government Compliance is easy to follow. The system helps avoid mistakes if it is used in its intended methods. The system is very transparent which helps support analysis and audit needs.
What do you dislike about the product?
Available bill formats is limited, and this is something Deltek should address because all customers want something just a bit different and its difficult to make presentations fit the differing circumstances without using a report writer tool.
What problems is the product solving and how is that benefiting you?
It helps with keeping lessor trained, lessor accounting knowledge personnel from making mistakes and reduces the amount of reconciling.
A lot of things, but none of them particularly well
What do you like best about the product?
Costpoint is designed, first and foremost, to be an accounting system for government contractors. As such, it handles cost pool allocations natively for revenue recognition, billing, and project-based reporting. The cost pool functionality is not at all intuitive or "easy to use" for new adopters of Costpoint, but it is flexible enough to handle a vast majority of allocation scenarios of various complexities.
What do you dislike about the product?
Costpoint is stuck in a 1990's mindset when it comes to design, both on the front-end and under the hood. There are unreasonable limits on the length of fields, with most text-based fields being limited to 25 characters or less. Processes are often convoluted and require long experience (or substantial training) for a user to be competent with a feature. Development decisions have been made with limited flexibility in mind, and the priorities of those developments are questionable (voice-activated timesheet entry?? Really???).
And the rollout of version 8.1 of the software has been an unmitigated disaster... we are well into the second year of general release, and there is still an abysmal number of defects (some pretty major) that Deltek is struggling to solve. Support is among the worst in the business: if your issue isn't already in their script, you will have weeks to months of back-and-forth before you get anything resembling constructive help.
And the rollout of version 8.1 of the software has been an unmitigated disaster... we are well into the second year of general release, and there is still an abysmal number of defects (some pretty major) that Deltek is struggling to solve. Support is among the worst in the business: if your issue isn't already in their script, you will have weeks to months of back-and-forth before you get anything resembling constructive help.
What problems is the product solving and how is that benefiting you?
It's an accounting system for government contractors, and we do government contract work. As mentioned previously, the cost pool allocation feature is well-developed, if often challenging to setup.
An Accountant's Tale
What do you like best about the product?
Costpoint is an accounting package that helps users get the best out of accounting software. I love the accounting module, the project module, & the help desk.
What do you dislike about the product?
Deltek is not an easy system to pick up. Help desk helps a lot, but it takes time to get in touch with Deltek
What problems is the product solving and how is that benefiting you?
Deltek's project module is very helpful for our business. I love the fact that everything is interconnected. Deltek is an excellent software package that get better and better.
It is a great product for a government contractor requiring indirect rates.
What do you like best about the product?
If you set it up properly, it is scalable to meet your business's growth. Its strength , as we use it, is for accounting and government accounting compliance.
What do you dislike about the product?
The user interface is not intuitive and the business intelligence reporting is very difficult to use.
What problems is the product solving and how is that benefiting you?
Meets general accounting and government accounting compliance.
I migrated from Unanet to Costpoint and also from Costpoint to Unanet
What do you like best about the product?
The most helpful part of Costpoint is the ability to bill cost plus projects.
What do you dislike about the product?
The user interface is hard to navigate. The reporting is terrible.
What problems is the product solving and how is that benefiting you?
None
Proven government accounting solutions
What do you like best about the product?
Project-based cost accounting system and user friendly interface
What do you dislike about the product?
The capability of tracking cost outside of Account, project and org. i.e., cost location,
What problems is the product solving and how is that benefiting you?
Government-compliant cost capturing, billing and cost allocation, which is not offered by many other ERP systems
An amazing experience
What do you like best about the product?
Costpoint does nearly everthing your government contracting entity would need, from indirect rate processing to detailed cost reporting by projects.
What do you dislike about the product?
Some applications and modules don't work as effectively as anticipated upon rollout, though this has become less of an issue in recent years.
What problems is the product solving and how is that benefiting you?
Deltek's Cognos and BI reporting as saved our team tremendous amounts of time in being able to analyze data effectively with minimal effort to create.
The system is very intuitive, and provides our company with everything that we need.
What do you like best about the product?
The ease of the system; the modules are very intuitive; Deltek support is excellent!
What do you dislike about the product?
With some of the upgrades there have been a few bugs.
What problems is the product solving and how is that benefiting you?
The system is known throughout the Government Contract world, so it is familiar when working with DCAA auditors.
Great for government contracting
What do you like best about the product?
DCAA Compliant, so best product to use for large companies to use.
What do you dislike about the product?
Costpoint is not user-friendly like other ERP systems
What problems is the product solving and how is that benefiting you?
We're trying to solve the compliant Purchasing system to get more certifications
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