Deltek Costpoint

What do you like best about the product?

What I appreciate most about Costpoint is how it brings together contract, financial, and compliance information in one system. I manage a large portfolio of government and private grants and contracts, and Costpoint helps ensure that project managers, finance, and compliance are all working from the same data. The system makes it easier to stay on top of contract modifications, billing terms, and funding limits, and the audit trail features are especially helpful when working with federal awards. I also rely heavily on the Business Intelligence module so that I am able to run customized reports, which has been key to tracking spending, burn rates, and projections across multiple contracts.

What do you dislike about the product?

One of the biggest challenges I’ve had with Costpoint is navigating the reporting fields outside of the BI module. The field names can be overly technical or counterintuitive, and unless you're in the system daily, it’s not easy to remember which fields to pull for specific reports. If it weren’t for the BI module, which simplifies reporting and lets me build visuals more intuitively, I’d probably struggle more with extracting the data I need. I understand the system is built for depth and compliance, but the user interface for reporting could be more user-friendly.

What problems is the product solving and how is that benefiting you?

Costpoint helps solve the challenge of keeping financial information organized and accessible across a complex portfolio of contracts and grants. I work closely with project managers, and having a centralized system where we can track budgets, spending, and remaining funds in real time has made a big difference. It helps ensure that project teams stay within budget and understand their financial standing without needing to dig through spreadsheets or request reports from accounting. This is especially important with government-funded work, where compliance and documentation are critical.

What do you like best about the product?

Project budget tracking is very accommodating

What do you dislike about the product?

How complex it is. For those with complex needs this may be the best route.

What problems is the product solving and how is that benefiting you?

It is great for project cost tracking

What do you like best about the product?

The Time and Expense Module are easy to use.

What do you dislike about the product?

There are so many fields that aren't used and makes the screens confusing. Mostly when trying to generate reports.

What problems is the product solving and how is that benefiting you?

Time keeping and invoicing. It allows the invoicing accurate to what we put in for time expenses.

What do you like best about the product?

Since the new update, Deltek is more of a user friendly database. The new feature that will allow quick entry expense will be extremely beneficial for the company.

What do you dislike about the product?

I am still in the process of learning Deltek and so far with the new upgrades, it has changed my viewpoint with the system. I do not have anything that o currently dislike about Deltek.

What problems is the product solving and how is that benefiting you?

Allowing the company to be able to do budget entry from start to finish.

What do you like best about the product?

the way the rates are calculated. give you the actual as well as the preliminary.

What do you dislike about the product?

Not knowing how revenue is calculated. revenue as one lump sum

What problems is the product solving and how is that benefiting you?

tracking projects. create invoice with detail and itd information