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Deltek Unveils a New Era for Costpoint

In a significant development for government contractors, Deltek has revealed the latest iteration of its flagship ERP solution, Costpoint. This new version integrates advanced AI capabilities and a reimagined user interface that aims to enhance efficiency, clarity, and control throughout the project lifecycle. As a leader in enterprise software for project-based businesses, Deltek is enhancing its Costpoint offering with innovative features that not only facilitate ease of use but also empower users with smarter tools for quicker and more informed decision-making.

A Transformational Update

The launch of this new user experience symbolizes a major milestone in the evolution of Costpoint. At the core of this update is the intuitive design framework, Deltek Harmony™, which provides a modernized user interface that enhances everyday interactions with the platform. The integration of Dela™, Deltek’s intelligent automation system, includes new, task-oriented agents designed to alleviate repetitive processes, so users can focus on strategic initiatives rather than mundane tasks.

Warren Linscott, Chief Product Officer at Deltek, emphasizes that this release is more than just a user interface update; it’s about fundamentally changing how government contractors engage with Costpoint. He notes, “Costpoint is purpose-built for government contractors. This release enhances the platform with a more intuitive user experience. It also introduces new AI-driven automation features that boost user efficiency and support customer growth.”

Key Features of the Updated Costpoint

1. Enhanced User Interface

The newly designed interface simplifies navigation by reducing clicks and minimizing guesswork. It adapts to user needs, significantly increasing productivity for essential tasks like time entry, expense reporting, and project tracking. By enhancing usability, the potential for errors is reduced, onboarding accelerates, and overall costs decrease.

2. Role-Based Command Center

This version includes a purpose-built analytic workspace that highlights relevant KPIs and actionable insights tailored for specific user roles, starting with Project Management. The Command Center aims to deliver insights that enable smarter business decisions and higher project visibility, ultimately enhancing efficiency and collaboration.

3. AI-Driven Automation Tools

The latest release includes innovative features like Dela Agents, capable of automating manual tasks with precision. These agents can execute functions such as time entry and approvals, while a new Contract Agent streamlines contract record creation by extracting key terms from uploaded documents. Furthermore, Ask Dela can be personalized to an organization’s training materials—ensuring compliance and minimizing errors in workflows.

4. Compliance Built-In

Regulatory compliance remains a fundamental aspect of Costpoint. The updated platform includes built-in controls and secure orchestration supporting compliance requirements. Features like Teams-based approvals and vendor certification management are now integrated, ensuring that users have added peace of mind regarding compliance measures.

5. FedRAMP Compliance

The latest user experience is also integrated into Costpoint GCCM, which is FedRAMP Moderate Equivalency assessed. It supports compliance with DFARS and CMMC as a cloud service provider, giving government contractors a competitive advantage in Department of Defense contracts.

Conclusion

Deltek’s commitment to innovation in Costpoint represents a significant step forward for government contractors who engage with complex project management and compliance requirements. With its blend of intuitive design and cutting-edge AI automation, this latest release sets a new standard for efficiency and productivity in the government contracting space. Deltek continues to empower project-based businesses across the globe with solutions that lead to successful project outcomes and improved operational results. To explore these innovations further, visit Deltek’s website for comprehensive insights into how this evolution can benefit your organization.