1. Deltek Costpoint (evaluate this product) is the company's most comprehensive enterprise management software solution specifically designed to meet the unique needs of sophisticated project-driven organizations and automate mission-critical business processes. Looking at its functional footprint -- business development, project management, financial management, human resource (HR) management, operations, manufacturing, earned value management (EVM), and corporate performance management (CPM) -- this product suite would likely not impress much at first glance (except for the recently added critical EVM functionality).
However, the Java 2 Enterprise Edition (J2EE)-based product suite aims to deliver the entire project lifecycle value by enabling businesses to 1) Win more business (via capabilities like client and contact management, opportunity forecasting and management, services estimating, and proposal automation), then 2) Execute (via capabilities like EVM, financial & project accounting, resource management, and project management), and finally 3) Improve Performance (via capabilities like corporate and project budgeting, risk management, real-time business metrics, and performance reports).
This is where the "rubber meets the road", given that Costpoint also addresses today’s additional challenges for such large project-based enterprises. These are to ensure compliance, improve cash flow, secure data, enhance efficiency, etc. While more details on how Costpoint can accommodate these challenges will be discussed later on, it suffices to say here that Deltek’s Strength is compliance, in terms of DCAA-, Federal Acquisition Requirements (FAR)- and Cost Accounting Standards (CAS)-compliant structures and features. Given the sheer number of Deltek's customers, its software would possibly be the “most audited software in the world” by government agencies.
2. Deltek Vision (evaluate this product), on the other hand brings together most of critical business processes for the successful operation of the professional services firms engaged primarily in private sector work. The "youngster" Microsoft .NET-based suite (rewritten based on best-of-breed functionality of other legacy brethren products, like Deltek Sema4, Deltek Advantage or Deltek FMS), aims to improve business performance, streamline operations, and help win new business. To that end, it combines financial management, time and expense (T&E) management, billing, project management, resource planning and management, document management, client relationship management, and proposal and marketing automation, all into one integrated solution.
The gist of Deltek Vision's value proposition is to empower project-based professional services businesses to maximize profitability by reducing budget overruns and increasing resource utilization. As a good example how Vision can significantly impact a professional services firm’s bottom line -- a 2 percent increase in utilization of 60 billable resources, each billed at US$85 per hour, increase the bottom line by nearly US$200,000. Conversely, without such capabilities, firms face challenges of constant budget overruns and poor resource utilization across projects.
3. Deltek GCS Premier (evaluate this product) is the Microsoft Windows-based, enterprise accounting solution currently marketed to small to mid-sized businesses (with up to 80 employees or so) focused on earning revenue from government contracts. This product was released in March 2000, and, in addition to its Windows-based interface, features flexible, component-based software construction achieved with Microsoft Visual Basic and ActiveX controls. GCS Premier was designed specifically to ensure that Deltek's legacy System1 (DOS-based) customers could easily migrate to GCS without the necessity of data conversion while preserving System1's critical processing programs, complex reports and other time-tested legacy programs.