Costpoint

Deltek Costpoint was founded in 1983 and has its headquarters in Herndon, Virginia. Until this point, the company has served over 30, 000+ customers who are happy and satisfied. The platform performs various tasks like revenue recognition, expense management, compliance, and project-based billings.

One of the best things that every business owner to find in ERPs like Costpoint is known for is the ability to help users streamline the contract cycle from beginning to end with no interference. The platform equips government contractors with tools to help them compare and analyze the progress of the projects.

Business Modules & Features

Costpoint divides its module into nine packages, and each package has specific features, which are:

Contract Management

It tracks the money that clients pay to receive services from the contractors. This money can range from simple bids to proposal costs to the entire contract. This module also enables clients to process any documents involving the federal government and the law. To avoid being on the wrong side of the law, Deltek incorporates DCMA and DCAA tools to help you avoid unnecessary audits.

Project Management

This module enables contractors to plan and budget construction costs as per the agreed amount of money. It also enables them to analyze project performances based on the revenue.

Procurement

This is a tool to track purchases made by companies for accountability. It also involves inspection, accounts payable, and receiving of goods while avoiding a double entry.

Manufacturing

This makes contractors and their companies be able to control labor acquisition and transfer with real-time data. This process is very key because the hiring of unskilled labor can give businesses negative reviews. Therefore, Costpoint ensures that there is quality assurance and transparency.

Subcontractor Management

Sometimes having a sub-contractor besides the prime contractor is an added advantage. Costpoint allows contractors to track, schedule, and evaluate subcontractor duty tasks for accountability and record. It also tracks the orders that the subcontractors have made, their entry and exit time to work, and many others.

Project Accounting

This enables contractors to gain reports regarding payments, costs and time used when performing various tasks. Costpoint incorporates tools like DFARS, CAS, SOX, MMAS, ASC 606, and FAR to help you save on extra costs.

Business Intelligence

This collects date-based data, market trends, and future predictions using a role-based dashboard.

Human Capital Management

This module uses online tools to enable contractors to hire employees, time management, and provide payment and subcontractors essential documents.

Time and Expense Management

This mostly focuses on the time and expenses that all the employed staff use. The module incorporates mobile apps or web tools made specifically for businesses. The tool works automatically to validate and approve the amount of labor to be gained.

Pricing

Deltek has four different pricing plans depending on your needs. The Front Office and Back Office Suite plan start at $30/use/month, while the Full Suite begins at $46/use/month. There are also custom prices made for clients looking for additional services.

Customer Care & Support

Standard Care allows clients to access the online help portal and unlimited support for the first 120 days of business hours plus 15 added cases yearly. It also gives help to clients through email within 24 hours.

Premium Care has all features of Standard Care, with additional phone support even during extended business hours. It also offers unlimited support 24/7 on weekdays, two hours for Severity 1 cases, four hours for Severity 2 cases, eight hours for Severity 3 cases, and 24 hours for Severity 4 cases.

Select Care includes all the features found in the first two tiers, plus an excellent management support system. Contractors under this tier can fully access the customer advisory council and get a free Deltek user conference. On purchasing the service, you will get one hour for Severity 1 cases, three hours for Severity 2 cases, six hours for Severity 3 cases, and 12 hours for Severity 4 cases.

Conclusion

Deltek Costpoint is a company with a long history of HR, financial procurement, and many others to government contractors and small businesses. The company works to help clients achieve the best results by reducing time spent on administrative tasks. Contractors then divert this energy into other more important business aspects, which enables entrepreneurs to scoop market opportunities and scale up their sales.