Small government contractors face a variety of challenges that their larger counterparts do not. Limited resources, fluctuating project demands, and competition with larger firms can significantly impact their ability to manage cash flow, maintain profitability, deliver on time and on budget, hire skilled talent, and win new opportunities. At the same time, small businesses must carefully balance rapid growth with consistent quality. This becomes even more challenging when they’re also navigating complex compliance landscape—often without the support of dedicated compliance teams, yet still expected to meet stringent regulations and standards. When these issues pile up, it can feel like the deck is stacked against small businesses in this industry, hampering their growth and making it more difficult to succeed every day.
While there’s no one-size-fits-all solution, having the right systems in place can give SMBs a real competitive edge. That’s where Deltek Costpoint Essentials comes in—offering small businesses the tools they need to streamline operations, improve visibility, and meet government requirements with greater ease and confidence. Whether you’re a start-up leader or a rapidly growing team, navigating the government contracting industry with a proven solution partner by your side can be a force multiplier.
What is Costpoint Essentials?
More than just accounting software, Costpoint Essentials is a project and financial management package specifically tailored to meet the primary needs of small businesses and get them up and running faster. Costpoint Essentials includes the core capabilities of Costpoint, packaged to address the needs of firms with less complex requirements. It is ideal for small to mid-sized government contractors and prospects moving away from entry-level accounting software, a myriad of spreadsheets and tedious manual processes.
Costpoint Essentials includes time and expense, budgeting and planning, accounts payable and billing, and reporting and forecasting capabilities with a simplified work breakdown structure to support firms with less complex needs. Coupled with Deltek’s Quick Start database, this specialized offering streamlines implementation, accelerates time to value, and reduces the total cost of ownership for small firms that must maximize the reach of every dollar they spend.
When using QuickBooks® it would take 8 to 10 hours per month to accurately complete billing. Now with Costpoint, it’s down to about 20 or 30 minutes.
Low Cost, Quick Implementation
You could be ready to close the books using Costpoint Essentials in 60 days for as little as $350 per month for a 10-user license.
Not only is it affordable, Costpoint Essentials is quick to implement, easy to learn and intuitive to use. You can jumpstart the implementation process with Deltek’s Quick Start database which is pre-configured to support industry standard best practices without costly customization. And with Costpoint’s cloud offerings you can eliminate unnecessary infrastructure costs that ensure a secure, scalable, and worry-free environment. Costpoint Essential’s streamlined screens and functions are simple to use right out-of-the-box, and the Deltek Learning Hub provides a one-stop-shop for learning content and role-based training to accelerate onboarding.
But software is just one part of the equation - Deltek’s expert consultants and partners support you from initiation to go-live and beyond, ensuring seamless data migration and comprehensive training, as well as cost-effective professional help from Deltek Pros® for getting your back-office up and running faster.
As your firm grows, you can easily enhance capabilities with additional Costpoint modules, and integrations with other Deltek products and Marketplace partners.
The Price of Waiting Could be Your Firm’s Future
While an entry-level or homegrown accounting system may have served you well in the early stages, it can quickly become inadequate as you grow. By switching to a solution built specifically for the needs of small government contractors, you can ensure your success isn’t stifled by an accounting system you’ve outgrown.
Don’t risk your firm’s future using software that can’t support DCAA or CMMC compliance requirements. Now is the time to make the move - delaying the decision until you’ve won a Cost-Plus or defense contract, or are in the midst of an audit, may be too late.
We started seeing immediate improvements in the first 5 months after moving to Costpoint. Now I’m able to save resources and focus more on my clients.
Growing GovCons Trust Costpoint Essentials
A number of small businesses have already fast-tracked their trajectory with Costpoint Essentials. Join the growing number of government contractors turning stumbling blocks into building blocks and accelerating their growth. Make the switch today and be ready to close the books in 60 days on a better solution.
