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Deltek Costpoint
What Is Deltek Costpoint?
Deltek Costpoint is an ERP and accounting solution for Government Contractors with 98% of the top 50 firms trusting Costpoint for project accounting, contracts management, real-time analytics and reporting. Costpoint provides a means to implement Federal Acquisition Regulations (FAR) and DFARS compliant financial accounting and procurement process including support for MMAS requirements and DPAS ratings, ensuring streamlined DCAA or DCMA audits.
Who Uses Deltek Costpoint?
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Deltek Costpoint
Reviews of Deltek Costpoint

Easy-to-use but doesn't work for every situation
Pros:
I use costpoint daily at my job and the software is very easy to navigate. I have no issues searching for BOMs (Bill of Materials) and costpoint interacts relatively seamlessly with the systems that we use for engineering drawings and shop floor instructions.
Cons:
A lot of the materials in the BOMs seem to be controlled by effectivity dates. This may work well for companies that have interchangeable parts with planned obsolescence dates, but the industry I work in has variable production schedules where it'd be preferable to control materials by engineering drawing effectivity.
Alternatives Considered:
Costpoint
Comments: This was a lot more time consuming to implement. Other softwares we surveyed before going with CP had a tool that would export our data from quick books into their system. Not sure why CP doesn’t have this feature.
Pros:
The reporting feature. We really liked the cognos relationship, and the ability to export directly to excel as well as upload from excel.
Cons:
The revenue to income statement. I have never worked with an accounting system where once I created and posted an invoice, the total revenue for that product on the income statement is different then what was billed. I do not understand why I have to tell my system to recognize or “pick up” my revenue. It’s redundant and causes a lot of headaches.
Any review above 1 star is suspect
Pros:
Nothing I can think of. The only reason to use Costpoint is when a company I'm employed with forces me to use it.
Cons:
Outdated UI from 1995, no thought whatsoever about the user experience or flow, very unintuitive and clunky, the mobile app is even worse.
Deltek Review
Pros:
In my experience, I think one of things I like about Deltek is that it "stops" you from revising previous work without a reason. I think that's incredibly important for the employer.
Cons:
One thing I don't like about Deltek is how specific it is. At least in my experience, it doesn't allow up to two decimal points on the timesheet. This normally wouldn't be a problem, but whenever I track it, it would tell me that it can't track it because it differs from what I put in. For instance, if I worked 7.75 hours, I would try to track it as 7.7 or 7.8, but it won't accept it.

Costpoint Hard to use
Pros:
The best thing of CostPoint was that it was good to generate reports really quickly
Cons:
A lot of features could easily be improved on the UI/UX side of the house. There is a massive learning curve and the system just is clunky and very hard to use.