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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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Reviews of Deltek Costpoint
Easy-to-use program for tracking hours worked.
Comments: I used this program daily to track my hours worked for each pay period. It was pretty easy to use and did not take much time out of my day.
Pros:
This program was very simple to use to track your hours worked. It was efficient, easy, and did not take much time to learn or to use it daily.
Cons:
I cannot think of anything specific that I disliked about this program.
Deltek Costpoint 8.1
Comments: Deltek Costpoint is our corporate Enterprise Resource Planning system, as well as our primary Business Intelligence tool for Accounting, Financial, and Project Status reporting. There are also flexible options for implementing security, both at the user level as well as the user group level.
Pros:
Extensive number of fields available for entering data, highly normalized database structure, Project-based accounting, ability to customize product using built-in Extensibility. Costpoint can be integrated with other products by using the built-in Web Services tool, as well as a number of data pre-processors.
Cons:
Some aspects of product are not intuitive. Some processes can take considerable time to complete. Recent version upgrades have been buggy, sometimes containing new bugs that were not present in previous versions. It can take considerable time for bug fixes to be released.
COSTPOINT IS LAZY AND STUPID
Comments: There is not a day that goes by that I am not pissed off at this software. It's 10:00 A.M and I have stopped working to come here and post about how awful cospoint is. Example: While creating a Purchase order costpoint tells me there are 10 PR's total for the PO. I continue to the PO and start pluggin in the information and realize there are only 9. What hapenened? Did I do something wrong? So I go back to create the PO and run it again and it says that 1 is processed. No problem right? sure, but this kind of thing happens all the time. Why would software only do part of a task? why does it get lazy and decide it doesn't want to do it. This happens all the time and it isn't always so simple. This can cause huge problems on a larger PO. Another example I am going through right now is when costpoint is assigning PO's it will do it with multiple people so someone cannot use it. They won't know until later when they open the PO that it was assigned to someone else and have to back out everything they did and start over. I have to back out 30 PR's right now but wanted to say how absolutely awful this software is. If you are working you need to save after each thing you do or every couple things. yyou can't just work through something and hit save at the end because you will confuse cospoint and it will generate an error. then you have to refresh the screen thus losing all data input and start over again. you have to realize that cospoint is lazy and stupid and you have to work with it slowly to avoid doing things twice. This is the worst software I have worked with for inventory and everyone I work with will agree across all departments. It is like an ongoing joke. I left working for my current employer and then returned a few years later and when I returned I realized I had forgotten what a piece of crap costpoint was and should have held out for more pay due to having to deal with it again. It will put you in a situation where you will look like you made a mistake countless times. It will create more work for you over and over again.
Pros:
There really isn't much that I like about costpoint except that it is an online database that can be accessed from the internet instead of being hosted on a server at the company. however this also limits it as well so I remain neutral on anything positive. Over several years of working with it my hatred of the software has grown to the point of me not seeing any thing really that good about it. It completes tasks sometimes.... which is unacceptable. it should complete them all the time.
Cons:
You cannot work fast and have to save often because the program will get confused if you do too much at one time. It creates extra workload due to the time it takes to undo the problems that it created. program seems to be lazy and does tasks intermittently. When you click the save button it is like a gamble as to whether or not it will carry out the task. it will assign key tracking numbers to multiple people at the same time without the users knowing and they will have to back out all their data.
Alternatives Considered:
Cumbersome
Comments: Overall, I wish the system retained it's functionality with an easier to use interface. The reporting in the Costpoint system should be more customizable without having to be a report writer and be forced to use the business intelligence module to build reports from the ground up.
Pros:
The system can do almost anything you want it to in terms of setup. There are more options and specifications than any one company could ever need or want.
Cons:
Because the system is so customizable from an admin side, it becomes very cumbersome. A single update needs to be made in multiple screens in order for it to show up everywhere and be accessible to everyone. The User Interface is complicated for everyday users and troubleshooting issues is difficult and time consuming because of all the areas where there could be an issue.
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.
