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January 4, 2024

Exploring the Top 5 Benefits of Deltek Costpoint 8.2

by Kinetek Consulting

In the ever-evolving landscape of enterprise resource planning (ERP) solutions, staying ahead of the curve is essential for businesses aiming for efficiency, transparency, and growth. Deltek Costpoint 8.2 stands at the forefront of innovation, the latest release offers a host of new features designed to enhance user adoption, streamline processes, and elevate your business to new heights. Let's delve into the greatest benefits that this latest version brings to the table.

Kinetek Deltek Costpoint 8.2 Welcome Screen

1.    Enhanced User Experience
Deltek Costpoint 8.2 is built with user-centric design principles, providing a more intuitive and user-friendly interface. With a focus on ease of navigation and accessibility, users can quickly adapt to the system, reducing training time and increasing overall productivity. The new modernized menu structure allows for improved navigation between applications and enhanced screen control functionality. We're excited about some great new features, such as the revamped Welcome screen that showcases your recently used screens and applications, the inclusion of my menu applications directly on the screen for easy access to your most frequently used screens without the need for click-throughs, and the option to seamlessly switch between light and dark modes.

2.    Real-Time Analytics and Reporting
One of the standout features of Deltek Costpoint 8.2 is its robust analytics and reporting capabilities. Businesses can now access real-time insights into financial performance, project status, and resource allocation. This functionality empowers decision-makers to make informed choices swiftly, improving overall strategic planning. Costpoint 8.2 is equipped with prepackaged reports spanning 25 subject areas, covering everything from Accounts Payable to Time. It's important to note that certain subject areas contain reports for Costpoint modules that are available as separate add-ons, not included in the core Costpoint license. Consequently, if you lack a separate license for a specific add-on module, corresponding reports may appear blank. Should you require assistance with tailor-made reports or exclusive dashboards for your organization, feel free to reach out to us. Our proficient team of report writers is ready to transform your concepts from dreams into reality.

3.    Advanced Project Management
Efficient project management is critical for success in today's competitive landscape. With Deltek Costpoint 8.2, project managers gain access to advanced tools for planning, tracking, and managing projects effectively. This includes improved resource scheduling, budgeting, and risk management features, ensuring that projects stay on track and within budget. But that's not all – Costpoint 8.2 also introduces an exciting add-on module called Costpoint Planning. This module acts as a game-changer, seamlessly integrating into your system to elevate your project management capabilities even further. Now, you can ensure a comprehensive approach to planning, tracking, and managing your projects. Imagine optimizing workforce allocation with improved resource scheduling, gaining financial control through robust budgeting functionalities, and safeguarding against unforeseen challenges with state-of-the-art risk management features. With Costpoint 8.2 and the added benefits of Costpoint Planning, your projects are not only set up for success but are equipped to thrive in today's dynamic business environment. Curious to explore these features and how they can transform your project management? Our expert team is ready to guide you through the implementation process, ensuring you get the most out of these invaluable tools for your organization.

what is new in deltek costpoint 8.2 - kinetek

4.    Comprehensive Compliance Management
Maintaining compliance with industry regulations and standards is a top priority for many organizations. Deltek Costpoint 8.2 introduces enhanced audit trail and compliance management tools, helping businesses adhere to regulatory requirements effortlessly. These features not only minimize the risk of penalties but also instill confidence in clients and stakeholders. Costpoint provides a means to implement Federal Acquisition Regulations (FAR) and DFARS-compliant financial accounting and procurement processes including support for MMAS requirements and DPAS ratings, ensuring streamlined DCAA or DCMA audits. Costpoint is a secure and DFARS-compliant solution — providing customers with the built-in security and compliance infrastructure to support NIST 800-171 controls (foundation for CMMC compliance).

5.    Integrated Supply Chain Management
A seamless supply chain is crucial for businesses operating in diverse industries. The latest version of Deltek Costpoint brings enhanced integration of supply chain management, optimizing procurement processes, reducing lead times, and ultimately lowering costs. We are particularly impressed by some standout features in the system. The introduction of a hyperlinked Purchase Order (PO) field in the manage Purchase Request (PR) screen adds a vibrant touch, aiding users in effortlessly pinpointing the specific PO associated with their PR (a very common question). Moreover, the inclusion of hyperlinked change orders in the Manage PO screen provides buyers with swift access to track any modifications or updates made to their orders, injecting a dynamic element into the user experience. Additionally, the extensive array of NAICS codes further enhances the system's richness, offering a comprehensive range for users to explore and utilize to enhance reporting capabilities. This end-to-end visibility ensures a more responsive and agile supply chain.

The Bottom Line
Deltek Costpoint 8.2 is not merely an upgrade; it's a strategic investment in the future of your business. The amalgamation of user-friendly design, real-time analytics, advanced project management, compliance tools, integrated supply chain management, mobile accessibility, and cybersecurity features positions your organization for unparalleled success.

As technology continues to evolve, staying current with the latest ERP solutions is imperative. Kinetek has been assisting Deltek customers for over 20 years upgrading from GCS to Costpoint, Costpoint 6 to Costpoint 7, Costpoint 7.0.1 to 7.1.1 Costpoint 8.0 to 8.1, and now to Costpoint 8.2. Throughout the years, the path to upgrade has remained consistent. We work with each client to identify the solution that best fits their individual needs while bringing industry best practices to the engagement. If you are ready to start your Costpoint upgrade, contact us today to embark on the journey of upgrading to Deltek Costpoint 8.2. Our team of experts is ready to guide you through the process, ensuring a seamless transition that unlocks the full potential of your business. Don't just keep up with the times – lead the way with Deltek Costpoint 8.2.

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