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Project Accounting, Billing, & Invoicing

Kinetek specializes in the implementation and configuration of project-based ERP systems, like Deltek® Costpoint. Our subject matter experts [SME] and Costpoint certified professionals have backgrounds and first-hand experience implementing and configuring project accounting solutions and Costpoint table structures. With over 100 years of combined ERP experience, we can configure your Costpoint system to maximize your business operations and meet your company’s most complex contract requirements.

Our simple methodology focuses on strengthening standard business operations to unleash your system’s full potential and realize operational efficiencies while driving down costs and securing your most valuable assets.

By adhering to this methodology, we are able to empower our customers with the knowledge that not only enables them to better operate the system but, over time, allows our customers to efficiently troubleshoot and develop their own solutions to new issues based on modifications to existing configurations. This methodology reflects our most basic core belief: Customers should be empowered to make and implement their own decisions.

Our approach is designed to eliminate risks by identifying all issues before they become problems. Our combination of needs analysis, testing, and training ensures that knowledge is transferred in a manner that is concise and easy to understand.

At Kinetek, we know that our progressive methodology and process, with a focus on “perfect practice” and risk mitigation, provides your organization with the power to succeed!

Watch: Balancing Rate and Pool Management and Project, General Ledger Impact

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Kinetek’s approach will assist your company in the following areas:

  • Projects and Pools - The cornerstone of Costpoint is Projects and Pools. Our expertise in Costpoint configuration and industry experience provides an unparalleled setup of the Project module and all modules that utilize projects and allocation/application of multi-tiered pools.
  • Revenue and Billings rely on the successful setup of projects and input of the transactions. We have successfully set up systems that compute just about every variation of revenue and billings, which include Cost Plus Fixed Fee (CPFF), CPAF, CPIF, Fixed Price (including EAC, ETC, and Progress Payments), Time and Materials, Unit-based, or delivery based schedules.
  • Analytics and Reporting maximize standard reports and inquiries, and we will work with your company to develop a number of key reports using either IBM Cognos Analytics® or Oracle Analytics® products to provide better use of your data to management and users and to assist with reconciliations.

Contact us today

Lead Subject Matter Expert:

Steve Fruitman

Additional Sources:

Webinar - How Deltek Solutions Help Project Controllers Manage Their Portfolio

Webinar - Balancing Rate and Pool Management and Project, General Ledger Impact

White paper - Deltek Costpoint Cheat Sheet

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