Costpoint 6, the latest edition of Deltek’s enterprise applications software designed specifically for project-focused government contracting and commercial organizations, features approximately 150 enhancements. The enhancements focus on five key areas: ensuring compliance and enhanced internal controls, improving cash flow, data security, efficiency, and ease of use.

“Costpoint 6 takes the functionality of Version 5.1 to the next level,” explains Matthew Fogo, Deltek’s senior VP, product management, “with expanded options, enhanced ease of use, and broadened Web processes. Costpoint 6 is a very robust feature/function release.”

Some of the product’s new capabilities include support for Wide Area Workflow (WAWF) invoice submissions, Accounting Classification Reference Number (ACRN) billing, General Services Administration (GSA) and other discount schedules, “what-if” cash forecasting, a new audit trail application, a new Segregation of Duties capability, multicurrency consolidations, an integration console, accrued leave journal entry, new Master Production Scheduling (MPS), and 165 out-of-the-box SOX reports.

With Costpoint 6, “companies can dissect and understand the health of their business down to the lowest level or node of a project,” Fogo notes. “Companies can identify problems before they become problematic, trust the integrity of data, lower costs, and be provided with real-time information to make better informed decisions to steer the business toward increased profitability.”

Costpoint 6 tracks, manages, and reports on every aspect of a project business: planning, estimating, proposals, budgets, expenses, indirect costs, purchasing, billing, regulatory compliance and business performance.

Deltek counts Northrop Grumman, CSC, SI International, SAIC, and Lockheed Martin among its more than 12,000 customers worldwide. Competitors include Oracle, SAP, and Lawson.

Designed specifically to meet the business needs of sophisticated project-driven organizations, Costpoint 6 is priced at $97,000 for a typical configuration for a 500-person company.

For more information, go to: www.deltek.com