Deltek ERP systems that can do it all for you
What do you like best?
Being a government contractor and being compliant with all the regulations required for being a government contractor, it is critical to have a system that can handle and provide accurate, reliable, quick data to report to the government. Costpoint allows indirect rates to be built in the system that fit the need of the company. Every company is different so having flexibility is critical to be successful. The system brings in planning, contracts, billing, receivables, payables, timesheets, expense reports, and everything required to be successful in accounting. Built into Costpoint also is a report writer that allows you to build reports on any data that is in the system. This allows you to easily custom reports for customers or build analytic dashboards for your executive team. In addition, Deltek University provides training tools to ensure all your staff can be properly trained and up to date on everything they do in the system.
What do you dislike?
The biggest downfall of Costpoint is planning. It is still a little buggy but if that is the worst thing of the whole system that is not bad. The rest of the system is great. Another area that Deltek needs to integrate into Costpoint is Cobra the project management system (EVMS). I believe this is in the horizon in the next 2 years but the fact this is a stand alone system and not integrated is painful when you get a new project and have to set-up instead of having it feed from Costpoint to that module.
What problems are you solving with the product? What benefits have you realized?
The biggest problem I am solving with Deltek is Indirect Rate models and ensuring rates are built properly to ensure Incurred Cost submissions can be prepared and turned into DCAA timely. This is a huge problem to solve if you are in excel and need to get out of excel. I have a system that now ensures the model from DCAA has everything properly recorded based on my accounting system.
