Why Upgrade to the Latest Version of Costpoint Business Intelligence?

Posted by Jessica Shirk on March 4, 2020

Tablet view of dashboard_Similar to Costpoint Contract Managment

In order to get the biggest bang for your buck, it is to your benefit that you remain current with Costpoint Business Intelligence (Costpoint Enterprise Reporting v7.2.3 which leverages Cognos Analytics v11). This upgrade from the prior CER 7.1 versions is significant, as it includes a new UI and a new security model that leverages the Costpoint security setup. So, planning for this upgrade is very important. Additionally, there are significant new enhancements, including the ability to analyze your data with interactive dashboards. 

If you are running Costpoint in the Deltek Cloud, this upgrade either has, or will be done soon for you by Deltek. If you are not in the Deltek cloud you will need to coordinate your upgrade, either with your internal IT team or with outside help from Deltek or a Deltek Partner.  

The Benefits

It’s no question that the thought of upgrading to a new version can seem daunting, but staying current plays to your advantage! As part of Deltek’s commitment to investing in technology, while continuously improving the user experience across the project lifecycle, moving to the latest and greatest version will give you access to state-of-the-art features, such as:

  • New and intuitive analytic dashboards, including a role-based dashboard for executives
  • Enhanced data packages that leverage Costpoint Organizational Security and Labor Suppression
  • Easy creation of trending reports and yearly, quarterly and monthly comparisons of financial and project data
  • Single authoring environment vs. multiple studios in prior releases
  • Newly integrated security model that eliminates the need for a separate authentication model for accessing Costpoint BI

Costpoint Contract Management Executive Dashboard

Executive Dashboard from the new Contracts Module

Upgrading now will also allow you to more easily upgrade to Costpoint 8, where the BI releases are now synchronized with the Costpoint release schedule. Costpoint 8 BI includes many new enhancements like the introduction of Artificial Intelligence, and others, such as advanced analytics, as well as new capabilities that make creating your own personal dashboards even easier.

Costpoint BI (CER) 7.1.4 Enters Sustaining Support

As Costpoint BI (CER) 7.1.4 (which leverages Cognos BI v10.2) enters sustaining support on March 31, 2020 it is important for customers leveraging this version to upgrade to Costpoint BI (CER) 7.2.3 as soon as possible. Click here for more information on the Deltek Product Lifecycle Descriptions.

Now What?

We have years of experience and specific expertise with this, so let us handle the upgrade for you. Contact Amy George at AmyGeorge@Deltek.com for an on premise upgrade program that best fits you! If you’re a Deltek Cloud customer contact your Customer Success Manager.

It’s our goal to make the transition from each version as seamless as possible, explore our new features and User Interface within these videos, or visit the Deltek Learning Zone to view our various support materials.


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