Deltek Costpoint
DeltekReviews from AWS customer
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Great for Project Accounting
What do you like best about the product?
I really like the projects module - perfect for reconciling revenues by CLIN type.
What do you dislike about the product?
As a new user some of the revenue tables have been difficult to decipher. Would love to see an exact report that represents the revenue formula in a way that we can see Expense (Detail) + Fee = Final Revenue. Also would love to see detailed "Unbilled" report of exact items the system's included in my Unbilled report.
What problems is the product solving and how is that benefiting you?
It was a challenge trying to set up multi state projects but now that we have we've been able to capture the information we need.
Costpoint is a great ERP for Government Contractors. He has the built in tools for Gov. Contractors
What do you like best about the product?
It is built and maintained for Government Contractors
What do you dislike about the product?
Could be more user friendly and intutive
What problems is the product solving and how is that benefiting you?
Government and regulatory requirments. Cost savings by doing in-house payroll
Good Product, Very Helpful
What do you like best about the product?
Easily able to generate many reports to help with revenue recognition and billing, which are my primary focus.
What do you dislike about the product?
Not always the easiest to move between applications. Screens can be set up to suit the individual, though sometimes you still can't see all of what you want to see at a glance.
What problems is the product solving and how is that benefiting you?
Revenue recognition and billing are my primary focuses. Costpoint is a great tool.
Recommendations to others considering the product:
This product has more aspects than you will probably ever use. Great product for a growing company.
Alot of options - needs better training
What do you like best about the product?
The dashboards, once you finally get them set up are wonderful. A huge timesaver for me. Everyone can see what they want and stop asking me to run reports. Or you can set reports up to run at certain times, for example, every Monday at 8 am and they email out to the person you want them to. This is also a time saver. Also, the ability to control security down to a single screen if I want. Before I had to lock everyone out of the General Ledger because I couldn't limit what they could see at all. Now I can limit it, so someone else can go create a Journal Entry for a mistake, or the monthlies or anything, set up an approval flow so I can check it, and its done.
What do you dislike about the product?
You are going to pay someone, whether it is your implementation company, or a consultant to help you with a lot of things. The DLZ initial training is very good for basic use. But for anyone high level that needs to backtrack data, or dig into the weeds of something, it is very hard to create reports and dashboards yourself without a significant amount of training. Also, training on anything, or figuring out how to accomplish anything that is even a little out of the box, is way harder than it should be.
What problems is the product solving and how is that benefiting you?
Problems solved - Making sure everything gets ordered and no components are missed. If the BOM is correct, then the system tells you what you need. No more OOPS I forgot to order the screws! Also being able to monitor production and planning and have it tie into the accounting system automatically removed all the manual work of that. Getting the costs to the correct project up front is a game changer. Being able to complete Cost Reports in 15 minutes is huge for me.
The Only ERP Accounting Software I like
What do you like best about the product?
I enjoy the fact that it is bundled all together with the different accounting functions within the software as well it can create reports that are necessary to know where your projects are at in the process the projects are in. It is the only software I actually seek out with companies when it comes to my perfered choice of ERP software! As an accountant for many years I know that Costpoint is a reliable out of the box software package that I can easily Install and Import Data!
What do you dislike about the product?
Unable to keep "Form" View as the preferred View when in a module.
What problems is the product solving and how is that benefiting you?
Time Tracking was a number one item that we needed to track and the integration of time with Costpoint makes it seamless to update information from the People Module to the Time Collection.
My first five years working in Costpoint
What do you like best about the product?
The support received from Customer Care. I have worked in IT for over 25 years and this is the first product company that has provided such excellent support and shared knowledge. Whether from a phone call, Zoom meeting, support ticket, in-person conference, or virtual conference. Deltek is there to help you succeed.
What do you dislike about the product?
Error messages that display when an exception occurs. Messages do not help identify the issue, which can happen in all of the Costpoint domains.
What problems is the product solving and how is that benefiting you?
Not able to articulate at this time.
Recommendations to others considering the product:
none at this time
Deltek Costpoint and Data Driven Company
What do you like best about the product?
All users are on a central system, making it easy to track data like costs. Using Costpoint streamlines our business processes and allows insight into performance and trends.
What do you dislike about the product?
Sometimes it can be challenging to learn how to navigate the system for new users. However, Deltek has done an amazing job providing many different learning tools, guides, and videos.
What problems is the product solving and how is that benefiting you?
We have moved our company from chaotic multiple data sources and spreadsheets into Costpoint. We are utilizing a central location for our data and leveraging built-in Data analytics and reporting, simplifying accessibility and making business decisions faster and more efficiently.
Deltek CostPoint is a Game Changer for Government Contractors!
What do you like best about the product?
The standard reporting that Deltek offers in CostPoint being exportable to Excel
What do you dislike about the product?
I would like to see some of the standard reporting that is being exported to Excel be more of a table view so that I would not have to manipulate the information for lookups and pivot tables
What problems is the product solving and how is that benefiting you?
The ability to enter enough data when processing an entry to ensure I can pull a useful report and not have to link several reports to get what I need.
Long time happy Costpoint customer.
What do you like best about the product?
Costpoint offers a great product that allows customers to customize the system to fit the business and support their daily operations. It's scalable to enable a company to grow without the need to move to a new system that would require extensive training and blackout periods.
What do you dislike about the product?
The overall product is great. Some of the processes seem like they could be streamlined to be more efficient. There are application limitations that I think could be enhanced for a better user experience.
What problems is the product solving and how is that benefiting you?
My company is a large global business. We meet the demands of multicurrency requirements as well as various business streams within a multi-company system.
Recommendations to others considering the product:
If implementing from scratch or converting from another system, hire a reputable consulting company that has Costpoint experts to ensure you have a successful launch. The money spent on their services will save the company from spending more money to clean up the system or choosing to go to a different product.
Good software for Government Contracting
What do you like best about the product?
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.
What do you dislike about the product?
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.
What problems is the product solving and how is that benefiting you?
We are able to do a lot of automation which reduces the workload on our employees. This has enabled us to take on a larger workforce without having to hire more support staff as many of the manual processes we performed in the past are now being handled by the automation.
Recommendations to others considering the product:
If you are looking at your first ERP, think long term. Cutting corners to save some money will cost you more in the long run when you find you have to upgrade to Costpoint; many cheaper systems do not handle the data in the way necessary to meet the requirements for government contractors.
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