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Deltek Announces The Launch of Costpoint 8, The Industry-Leading Solution for Government Contractors

By ET Bureau - September 16, 2020 3 Mins Read

Deltek Announces The Launch of Costpoint 8_ The Industry-Leading Solution for Government Contractors

With this new release, Deltek Costpoint now brings more innovation and greater intelligence to government contracting firms, improving user experience and powering project success

Deltek, the leading global provider of enterprise software and solutions for project-based businesses, announced today that it has launched Costpoint 8 at its Virtual Deltek Insight 2020 conference. In this new release, government contracting firms will get access to cutting-edge technologies including artificial intelligence (AI), intelligent character recognition (ICR) for expense receipts, digital signatures, and progressive web apps (PWA) – all designed to improve the user experience and help firms power their project success.

A Modern Update to the Solution Government Contractors Have Trusted for Decades
Deltek Costpoint was purpose-built with government contractors in mind, providing firms unparalleled project management, forecasting and compliance features to manage projects successfully. Working closely with its customer community for feedback, the Costpoint 8 release not only delivers a modern update, but also provides the capabilities that customers need to keep a competitive edge. The key features of this next gen solution include:

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  • Mobile Customer Relationship Management (CRM) – A progressive web apps (PWA) mobile solution with enhanced reporting and integration to GovWin IQ that drives growth by allowing users to analyze opportunities and build proposals to win new business.
  • Smarter Professional Services Automation (PSA) – New and improved resource forecasting and planning capability and intelligence, giving users complete visibility of every aspect needed for successful project delivery.
  • 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 and help streamline the expense process.
  • Integrated Source-to-Pay – A digitized and streamlined process to effectively manage subcontractors and vendors, on a single secure platform with new digital signatures.
  • Digital Manufacturing – Easy access to manufacturing intelligence with real-time dashboards and metrics to help make informed business decisions faster than ever.
  • Artificial Intelligence (AI) assisted Business Intelligence – AI with natural language processing applied to business intelligence will provide users consistency in analysis, while also helping prepare data, reduce learning curves and eliminate human bias.
  • Enhanced User Experience – Tighter integration and improved navigation with more innovation and intelligence across the entire project lifecycle.

“For more than 35 years, we’ve been committed to serving the government contracting industry and we continue to evolve and innovate our solutions to support the needs of those customers,” said Warren Linscott, SVP of Product Strategy at Deltek. “We are excited for the first major Deltek Costpoint product release in eight years, and today we are thrilled to announce that Costpoint 8 is now available. This release, built on the platform the government contracting industry knows and trusts, offers more innovation and intelligence across the entire project lifecycle to improve the end user experience and power firms like never before.”


ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

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