For Government Contractors

Costpoint Essentials – The Trusted Project Accounting Solution for Government Contractors

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Unlike other accounting and financial management systems, Costpoint was designed, from the start, to address the unique financial, regulatory, and operational needs of larger project based firms. It offers everything successful contractors need to stay compliant with the ever changing regulations around executive compensation, unallowable costs and indirect labor.

Through our own expert IT and security resources, plus a close partnership with Amazon Web Services, our Costpoint Essentials solution is an easily scalable SasS version of Costpoint that is purpose built for the needs of government contractors.

Costpoint customers have experienced amazing results, including:

  • Revenue increases of 9-20%
  • Profit increases of 10-25%
  • DSO reductions of 10-12 days
  • Improved resource utilization and efficiency

Costpoint Essentials include:

  • Project Accounting and Compliance
  • Payroll
  • Procurement
  • Time and Expense Management
  • Multi-company
  • Multi-currency
  • Enterprise Reporting
  • Collaboration
  • Human Resources
  • Sales Orders and Inventory
  • Fixed Assets
  • Budgeting & Planning
  • Content Management Integration
  • Employee Self Service
  • Business Development
  • Manufacturing
  • Comply with FAR, CAS, DFARS, and MMAS
  • Invoice electronically, using WAWF / ACRN
  • Be compliant with government directives with support for all of the standard and required forms, such as 1034’s, 1035’s, and DD250’s
  • Built-in GovCon library automates many compliance functions such as ICS schedules
  • Easily summarize costs and revenues by account, organization, or project
  • Define contract type, billing ceilings & rates, and timing
  • Define a comprehensive work breakdown structure
  • Analyze profitability at any level of the project
  • Understand detailed project statuses and costs
  • Access real-time dashboards and identify poor performing areas
  • Estimate project costs and delivery dates
  • Competitively price and bid each project
  • Access a customized suite of products tailored to your business.
  • Get the latest features and releases, without spending hours and hours on upgrades
  • Improve security and reliability and reduce vulnerability to theft, power outages, and failure.
  • Improve scalability and flexibility