Deltek Costpoint

Government contractors that must account for every project cost and prove their compliance to auditors have a specialist ERP in Deltek Costpoint, which joins project execution, finance, manufacturing and procurement in one system.

An ERP built for contracts and projects

Costpoint is an enterprise resource planning system built for government contracting and defense work. The platform brings project work, finance, manufacturing and buying into one system, with governance and compliance controls built in. The company says that many of the top government contractors use it to manage their most complex contracts.

Accounting around contracts

Its accounting framework is organized around contracts and projects. It handles cost segregation, burdening, revenue recognition, billing and indirect rate management for any contract type. Routine work, from contract set-up to time entry and expense reports, is automated and follows governed workflows, so staff spend less time on repetitive tasks and more on delivery.

Audit readiness and security

Costpoint includes traceability and security controls, along with more than 300 reports that the vendor says help customers meet FAR, DFARS, CAS and CMMC requirements. Its government cloud edition, Costpoint GCCM, is described as FedRAMP Moderate equivalent under Department of Defense rules, with US-only hosting and a listing on the FedRAMP Marketplace.

Time entry in Outlook and Teams

Staff can enter time, submit and approve timesheets and complete workflow actions inside Microsoft Outlook or Teams, without logging in to the main system. The vendor says this makes the system quicker to adopt and helps compliance, because the work happens where people already are.

Dashboards and reach

Role-based dashboards give real-time visibility into contract, project, financial and operational health, with interactive visualizations and drill-down views. The company's regional pages list Costpoint in several countries beyond the United States, including the United Kingdom, Denmark, Germany, the Netherlands, Norway, Sweden, France, Australia and the United Arab Emirates. Its wider product family also covers project and field tools for architecture, engineering and consulting firms.