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...
Tag: Deltek

August 24, 2023
Understanding Cost Pools in Deltek Costpoint: Unveiling their Significance
by Kinetek Consulting

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.

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.

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...

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.

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...

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...

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...

August 16, 2021
Benefits of Purchase Orders & How to Create a Purchase Order in Deltek Costpoint
by Colin Quinn
Are you running a small or mid-sized company not using purchase orders? They may be more important than you think...
When most small businesses start out, they forego purchase orders in favor of handshake deals and informal processes. Blindly instilling trust in a seller or using an unspoken agreement with a small-time supplier or a trusted vendor is never a smart move.
What happens if there’s ever a...

June 10, 2021
Extend the reach of Costpoint with ODBC access to maximize interoperability
by Colin Quinn
An Open Database Connectivity (ODBC) is a standard and specific application programming interface (API) that lets software connect with database management systems while remaining independent of them. This is important because it allows applications to interact with multiple databases simultaneously using Structured Query Language (SQL) to connect databases and file systems dynamically and easily.
The ODBC...

March 8, 2021
Modern FP&A, Forecasting, Budgeting, and Planning Pitfalls - Part 3: Reporting & Dashboards
by Colin Quinn
In part two of this series, we discussed how to plan like a champion and avoid a lack of buy-in and input from owners and how to sustain it in your forecasting process. In part three we will cover how embracing continuous planning, reporting, and dashboards can improve the efficiency of your planning process while minimizing errors, and increasing the accuracy of your forecasts.
In a recent report from Radius...
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...