Deltek Costpoint 7 delivers unmatched capabilities that streamline financial management and improve profitability for government contractors; Costpoint 7 is delivered on an extensible, scalable enterprise platform ready for the Cloud
HERNDON, Va. — (BUSINESS WIRE) — December 15, 2011 — Deltek, Inc. (Nasdaq: PROJ) today announced the availability of Deltek Costpoint 7, a world-class ERP platform built to improve efficiency, increase cash flow, and drive greater profitability for government contractors. Costpoint 7 delivers new accounting, project management, materials management, content management, security, and payroll capabilities through a next generation service-oriented architecture. Costpoint 7’s web-services based architecture allows customers and partners to integrate with any Costpoint module in real-time from any location, enables the solution to scale for the needs of multi-billion dollar enterprises, and delivers the flexibility to be delivered through a public or private cloud environment.
“Deltek Costpoint is at the heart of everything that we do. Its core accounting, financial management, and compliance capabilities are unparalleled for project-based companies like ours,” says Dave Chivers VP, CIO at VSE Corporation. “We use Costpoint every day to increase user productivity and efficiency, and are very impressed with how easy it will be to deploy and extend Costpoint 7 across our enterprise to match the way we do business. We’re pleased to be early adopters of Costpoint 7, as it delivers both the government contractor functionality that underpins our critical business processes, and the next generation architecture that we demand as the foundation of our enterprise systems.”
Costpoint 7 delivers innovative capabilities in a number of areas that will improve the operations of government contractors. With Costpoint 7, companies will gain:
- Streamlined Financial Management Processes: Costpoint 7 supports accelerated invoicing and receipt of payment via improved support for Wide Area Work Flow (WAWF). This innovative new release delivers more accurate invoices through customer configurable billing options and open billing reports that show transactions that are being held, partially held, or written off. Together, these new capabilities greatly improve cash flow and reduce days sales outstanding (DSO).
- A Technology Platform for the Future: Costpoint 7 offers a cloud ready, n-tier, fully extensible, 100% web services enabled solutions platform. This platform allows Costpoint 7 to easily integrate with external systems and supports business process orchestration for expanding Costpoint’s capabilities in areas such as project manufacturing. The platform also provides interoperability with leading document and digital asset management systems such as MS SharePoint, and EMC Documentum, which improves user efficiency and adoption.
- World-Class Auditability, Compliance, and Security: Costpoint 7 builds upon its rich tradition of proactively addressing the auditability, compliance and security needs of government contractors. New security features enhance SOX compliance and Segregation of Duties as well as automated enforcement of internal controls.
“Deltek Costpoint 7 was built in close collaboration with our customers to meet their extremely precise government contracting requirements,” said Kevin Parker, President and CEO of Deltek. “With Costpoint 7, we have delivered a financial management platform that is simply unmatched in the marketplace today because it was designed and built from the beginning with projects and the exacting standards of the government contracting industry. Our relentless project focus has delivered a solution that will empower companies to know the status and profitability of every resource, task, project, program, business unit – and the enterprise as a whole – at any given time. Customers will also leverage Costpoint 7’s world-class technology to lower deployment and support costs, extend the product in unique ways, and deploy Costpoint in the Cloud as business needs demand.”
VSE is a diversified Federal Services company of choice with over 50 years of experience in solving issues of global significance with integrity, agility, and value. VSE is dedicated to making our clients successful by delivering talented people and innovative solutions for logistics, engineering, IT services, supply chain management, construction management and consulting. For additional information on VSE services and products, please see the Company's web site at www.vsecorp.com.
Deltek (Nasdaq: PROJ) is the leading global provider of enterprise software and information solutions for professional services firms and government contractors. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. Over 14,500 organizations and 1.8 million users in approximately 80 countries around the world rely on Deltek to research and identify opportunities, win new business, optimize resources, streamline operations, and deliver more profitable projects. Deltek – Know more. Do more.™ www.deltek.com
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