Deltek Announces Its New Contract Management Solution to Help Government Contractors Digitally Transform Vital Business Processes
Deltek Costpoint Contract Management allows government contractors to compete faster and more effectively
HERNDON, Va. – June 28, 2018 – Deltek, the leading global provider of software and solutions for project-based businesses, announced today that it has released Deltek Costpoint Contract Management, building on its industry-leading ERP for government contracting. The solution provides opportunity and contract data needed by government contractors to help with the entire contract lifecycle from opportunity identification to contract closeout.
With the unveiling of Costpoint Contract Management, Deltek is now the only provider to offer a product designed specifically for government contractors that can digitally transform the entire contract management process with a single solution. It connects business development with finance in order to accelerate contract administration, improve communication and negotiate better contracts.
Costpoint Contract Management offers complete contract lifecycle management in a central repository to access all contract-related information and documents. At any point during the pre- or post-award process, government contractors can easily track financial and non-financial aspects of a contract, track and document activities, flow down FAR/DFARS clauses from prime to sub contracts, record Organizational Conflicts of Interest (OCI), modifications, supplements and other important details.
Uniquely integrated with Deltek’s GovWin IQ solution, Costpoint Contract Management also helps reduce data entry, automate key processes like project set-up and provides the contract manager an easier, more streamlined solution for managing contracts.
“Costpoint Contract Management completes the full contract lifecycle within Costpoint and will provide contracts and procurement teams with a solution to digitally transform their operations and become more efficient and agile. Downstream activities for project accounting and execution get easier with workflow-driven, automated project set-up, sourced directly from contract or opportunity data. With contract management as a part of Costpoint, users will share the same user experience and the business will get increased visibility into the data as it flows from opportunity to contract closeout from a single source,” said Warren Linscott, Senior VP of Product Strategy.
“The addition of Contract Management to Costpoint helps automate key processes, like project set-up, within a single solution,” said Margaux Shamblin, Deputy Director of Contracts at COLSA Corporation. “This transformation of our contract management processes will improve productivity, reduce duplication of information and provide easier access and visibility for all our employees.”
Deltek Costpoint Contract Management is now available. For more information visit Deltek’s website.
Deltek is the leading global provider of enterprise software and solutions for government contractors, professional services firms and other project-based businesses. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 23,000 organizations and millions of users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, recruit and develop talent, optimize resources, streamline operations and deliver more profitable projects. Deltek – Know more. Do more.® www.deltek.com