Introducing Costpoint 8: Bringing More Innovation and Intelligence Across the Entire Project Lifecycle

Posted by Todd Walker on September 15, 2020

Introducing Costpoint 8

By Todd Walker, VP of Product Management, Deltek

Costpoint 8 – Now Available!

For the last year, we have been sharing with Deltek Project Nation all the great reasons why you should be excited about the first major Deltek Costpoint product release in eight years ─ and today we are thrilled to announce that Costpoint 8 is now officially available! Our latest release, built on the platform the industry knows and trusts, offers more innovation and intelligence across the entire project lifecycle to improve the end-user experience and power your project success! 

But we didn’t get here on our own. Customers, just like you, have had a great deal of influence on this modernized government contracting solution, and we wouldn’t have it any other way. Many of you participated in focus groups and in our Client Advisory Council to help prioritize the vast number of new features designed to give project-based businesses what they need to do their jobs faster and easier. We appreciate your input and valuable time to help deliver this industry-leading solution you’ve grown to trust ─ now with more innovation and greater intelligence. With the release of Costpoint 8, we are confident this purpose-built solution delivers what that the market expects, complete with new and exciting capabilities that customers have been asking for.

For more than 35 years, Deltek has been committed to supporting government contractors, developing project-based solutions to optimize your business while pushing the boundaries of innovation. Let’s watch the video and take a look at how far we’ve come:

Pushing the Boundaries of Innovation

 
 
 

Focusing on Purposeful Innovation

Innovation and technology have always been a major focus at Deltek. Incorporating new and emerging technologies into our solutions allows us to enhance our products' value, optimize the user experience and provide trusted on premise and cloud-based solutions that support your entire business.

With Costpoint 8, we’ve incorporated more purposeful innovation and increased intelligence to provide government contractors an easier, more efficient way to manage their project-based business. Built on the same platform Deltek Project Nation has come to know and trust, Costpoint 8 is designed with more innovation than ever, including: artificial intelligence (AI), natural language processing (NLP), optical character recognition with machine learning (otherwise known as intelligent character recognition or ICR), digital signatures and progressive web applications (PWA). These capabilities are all part of a secure financial and compliance framework trusted by government contractors of all sizes and built to grow with your business.

Integrating Powerful Capabilities

So what does this look like? In this latest release, Costpoint 8 customers will see new capabilities that digitally transform their source-to-pay, time & expense, customer relationship management (CRM), manufacturing, and professional services automation (PSA) processes. With these enhancements, government contractors can expect smarter automation that precisely aligns processes, increases resource productivity and improves forecasting. Costpoint 8 is an excellent example of how Deltek is adding purposeful innovation that can be used every day to be more efficient and more profitable. Here is what you can expect in this next-generation solution:

 

Mobile Customer Relationship Management (CRM)

A mobile progressive web app (PWA) solution with enhanced reporting and integration to GovWin IQ that drives growth by analyzing opportunities and building proposals to help win new business. LEARN MORE >>

 

Smarter Professional Services Automation (PSA)

New and improved resource forecasting and planning capability and intelligence that gives complete visibility to every aspect of successful project delivery. SEE HOW >>

 

Intelligent Time & Expense

An improved mobile experience, now featuring mobile expense with intelligent character recognition (ICR) and biometric authentication to scan receipts on the go, stay compliant and help streamline the expense process. EXPLORE NOW >>

 

Integrated Source-to-Pay

A completely digitized and streamlined mobile source-to-pay process on a single secure platform with digital signature that effectively manages subcontractors and vendors to improve procurement cycle times. READ MORE >>

 

Digital Manufacturing

Easy access to manufacturing intelligence with real-time dashboards and metrics to make informed business decisions faster than ever. DISCOVER HOW >>

 

Artificial Intelligence Assisted Business Intelligence

Apply artificial intelligence (AI) with natural language processing (NLP) to business intelligence to provide consistency in analysis, help prepare data, reduce the learning curve and eliminate human bias. FIND OUT MORE>>  

 

Cloud Solutions for Everyone

Targeted to be released later this year, Costpoint 8 will power a new Deltek Cloud to help contractors meet CMMC, FedRAMP, NIST and ITAR requirements. It offers a better total cost of ownership with solutions for all business sizes. Securely access data while maintaining cybersecurity compliance requirements by harnessing the power of the Deltek Costpoint Cloud. LEARN MORE >>

 

Enhanced User Experience

The industry-leading solution that more companies trust, brings tighter integration and improved navigation with more innovation and intelligence across the entire project lifecycle. Gain agility and scalability to make your end-users more productive. EXPLORE MORE >>

 

Learn More About Costpoint 8

Now’s the time to find out everything you need to know about Deltek's Costpoint suite of products. Visit Virtual Deltek Insight 2020, where you can view more than 80 Costpoint specific sessions hosted by our Deltek experts FREE of charge, now through December 31. 

Simply register for the event, log in to the platform, click on the Sessions Tab, Filter by Track and select Costpoint.

 

 

Learn More About Costpoint 8


Virtual Deltek Insight 2020


View On-Demand

 

Deltek is privileged to provide government contractors the solutions they need to power their business now and into the future. To learn more about how Costpoint 8 can power your project success, visit the Costpoint Product User Community Blog and discover what purposeful innovation can mean to your business.