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Tag: Compliance

The Importance of Data Analytics in Deltek Costpoint for Informed Decision Making

March 23, 2023

The Importance of Data Analytics in Deltek Costpoint for Informed Decision Making

by Colin Quinn

Discover the power of data analytics in Deltek Costpoint for government contractors and project-driven businesses. Learn how improved visibility, better resource allocation, and increased compliance and risk management can help you make informed decisions that positively impact your bottom line. With Deltek Costpoint's real-time data access, centralized data management, customizable reporting, and predictive resource planning capabilities, you can optimize your operations and stay ahead of the competition. Read on to learn how to achieve audit readiness and compliance reporting with Deltek Costpoint.

Upgrade Your Deltek Costpoint Software: A Proven 9 Step Methodology for a Smooth and Successful Process

February 24, 2023

Upgrade Your Deltek Costpoint Software: A Proven 9 Step Methodology for a Smooth and Successful Process

by Colin Quinn

Your organization has been using Deltek Costpoint for several years now, and it's time for an upgrade. Upgrading your enterprise resource planning (ERP) software is a significant undertaking, akin to updating a house you've lived in for over 20 years. Over the years, your organization has likely accumulated a significant amount of data and processes that may need to be reorganized to work with the...

Why Deltek Costpoint is the Best Accounting Software for Small to Medium-Sized Government Contractors

January 9, 2023

Why Deltek Costpoint is the Best Accounting Software for Small to Medium-Sized Government Contractors

by Colin Quinn

Are you a small to medium-sized government contractor looking for the best financial management software? Look no further than Deltek Costpoint! With its extensive project management capabilities, complex billing support, powerful reporting and analysis tools, integration with other software, and focus on security and compliance, it's the perfect choice for contractors in the government industry. Plus, its comprehensive audit trail and audit preparation features make it easy to prepare for audits and provide the necessary documentation. Don't settle for less - choose Deltek Costpoint to streamline your operations and succeed in your government contracting business.

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 3)

September 16, 2022

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 3)

by Colin Quinn

In part three, the final post of this series, we will complete our conversation with the final four MMAS Standards of the Key Elements of Material Management and Accounting System Compliance Audits. We will highlight how to maintain consistent, accurate, and adequate controls to ensure your project manufacturing business can remain compliant. We will focus on Material Costing and Borrow Paybacks, Inventory Allocation for Common Inventory and Commingled Inventory, Compliance and the Consequences of Non-Compliance.

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 2)

May 2, 2022

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 2)

by Colin Quinn

In part one of our blog series "The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance." we covered the first three MMAS standards and discussed 'sparking' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing compliance.

In part two of this series, we will continue our discussion of the next three MMAS Standards...

Contractors Guide - Which Costpoint is RIGHT for me?

February 15, 2022

Contractors Guide - Which Costpoint is RIGHT for me?

by Colin Quinn

As a Government Contractor, you know Deltek Costpoint offers unparalleled project management, accounting, reporting, and compliance for project-driven organizations. What you might not know is that there is more than one option available to you... Continue reading our comprehensive guide below where we dive into details, benefits, and differences between Costpoint for Enterprise and Costpoint for Small Business...

End-of-life software: Why ignoring Costpoint 7.1 EOL timelines… is a bad idea

January 26, 2022

End-of-life software: Why ignoring Costpoint 7.1 EOL timelines… is a bad idea

by Colin Quinn

Friendly reminder - Deltek Costpoint 7.1 will be entering sustaining support beginning on March 1, 2022! What does The Great Pyramid of Giza and the Great Wall of China have in common? They were both built to last forever! Your Enterprise Resource Planning (ERP) Accounting software? Not so much. Technology today seems to come with an ever-increasingly shorter lifespan, in most accounting, and finance departments...

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 1)

October 1, 2021

The 10 Key Elements of Material Management and Accounting System (MMAS) Compliance. (Part 1)

by Colin Quinn

National Manufacturing Day, held annually on the first Friday in October, is celebrated to 'spark' the imaginative curiosity of the next generation of manufacturers - by showcasing the reality of modern manufacturing. Together companies and leaders collaborate to educate and inspire the next generation of manufacturers by demonstrating the importance of manufacturing.

As a leading consulting and...

Why now is the best time to make Cybersecurity and Compliance a priority

April 30, 2021

Why now is the best time to make Cybersecurity and Compliance a priority

by Colin Quinn

The Ever-Expanding Cyber Threat:

The number of cyber-attacks has significantly increased over the past year. The growth of connectivity, the COVID-19 pandemic, and increased remote work have contributed exponentially to the rise in cyber threats and attacks.

Ransom attacks, phishing schemes, spyware, malware, and criminal enterprises are becoming more sophisticated every year, searching for network...

April 10, 2020

Families First Coronavirus Response Act - Guide For Deltek Costpoint And Time & Expense

by Colin Quinn

As some of you may or may not be aware, Deltek announced some hot-fixes for Costpoint to assist customers in maintaining compliance in response to the Families First Coronavirus Response Act (H.R. 6201). Deltek will be releasing a special regulatory release, according to the below schedule, to ensure compliance with the new act.

The United States Government recently released the Family First Coronavirus Response...

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