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Tag: Costpoint

Enhance Compliance and Pass Audits Seamlessly with Deltek Costpoint: A Complete Solution

February 16, 2024

Enhance Compliance and Pass Audits Seamlessly with Deltek Costpoint: A Complete Solution

by Colin Quinn

In the world of government contracting, compliance isn't just a goal; it's an imperative. Whether you're navigating the intricate requirements of the Federal Acquisitions Regulation (FAR), Defense Federal Acquisitions Regulation Supplement (DFARS), Defense Contract Management Agency (DCMA), Contractor Purchasing System Review (CPSR), Material Management and Accounting System (MMAS), or Property...

Exploring the Top 5 Benefits of Deltek Costpoint 8.2

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...

Understanding Cost Pools in Deltek Costpoint: Unveiling their Significance

August 24, 2023

Understanding Cost Pools in Deltek Costpoint: Unveiling their Significance

by Kinetek Consulting

In the ever-evolving landscape of project management and accounting, Deltek Costpoint has emerged as a robust solution for government contractors, manufacturing companies, and professional services firms. At the heart of its sophisticated financial architecture lies a concept crucial to accurate cost allocation and insightful financial reporting: Cost Pools. In this blog post, we'll delve into what Cost Pools...

Deltek ProjectCon 2023: Top 5 Reasons to Attend this Year's Conference

July 7, 2023

Deltek ProjectCon 2023: Top 5 Reasons to Attend this Year's Conference

by Colin Quinn

Deltek ProjectCon stands as the pinnacle event for professionals like you, offering a unique platform to propel your career and enhance your organization's effectiveness. By participating in this enriching conference, you gain the power to expand your professional network, unlock invaluable knowledge, sharpen your Costpoint skills, and remain at the forefront of the ever-evolving industry.

End of Life Software: Why Ignoring Deltek Costpoint 8.0 EOL Timelines is a Bad Idea

May 1, 2023

End of Life Software: Why Ignoring Deltek Costpoint 8.0 EOL Timelines is a Bad Idea

by Colin Quinn

Upgrading to the latest version of Costpoint, specifically Costpoint 8.1, is crucial to avoid several risks such as missing out on new features, potential security vulnerabilities, and the lack of technical support. Don't ignore the EOL timelines, as it can put your business at risk. In this blog post, we will discuss the risks and dangers of ignoring EOL timelines for Costpoint 8.0 and why upgrading is necessary to ensure business continuity.

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.

Deltek Costpoint 8.1 is Here! What’s New and Coming Soon in Costpoint 8.2?

July 7, 2022

Deltek Costpoint 8.1 is Here! What’s New and Coming Soon in Costpoint 8.2?

by Colin Quinn

Kinetek Consulting is here to support your transition to Deltek Costpoint 8.1. We understand that the needs of no two clients are the same, but the information present in this blog is intended to help guide you on how to manage and plan your Costpoint environment upgrade whether you are converting from Costpoint 7.1.1 or Costpoint 8.0. If you are ready to start your Costpoint upgrade, contact our Costpoint subject matter experts now to discuss your project needs.

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