Home > ERP Software > Costpoint > Costpoint vs Famous Software

Costpoint vs Famous Software

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Our analysts compared Costpoint vs Famous Software based on data from our 400+ point analysis of ERP Software, user reviews and our own crowdsourced data from our free software selection platform.

Overview Pricing Benefits & Features User Ratings Analyst Summary Screenshots
Costpoint Software Tool
Famous Software Software Tool
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Product Basics

Deltek’s Costpoint management suite is designed to serve government contractors of all sizes. It includes support for the entire life cycle of a project and includes accounting, manufacturing, business intelligence and materials management inclusions. It maintains high levels of compliance to ensure government contractors are within successful operational parameters.

It is available with both cloud-based and on-premise deployment options and adheres to the ever-growing list of government regulations required of contractors. It helps users streamline daily tasks and complex accounting processes and provides users with valuable visibility into company metrics.
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Famous Software integrates data across all departments to provide a real-time view across the entire business. It optimizes production by providing an accurate view of inventory data. Its inventory management module helps users improve operational processes, ensure compliance and boost customer satisfaction.

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Android
Chromebook
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On-Premise
Mobile
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On-Premise
Mobile

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Product Insights

  • Reduce Compliance Costs: Costpoint knows compliance is key for anything related to government work. It can reduce costs associated with DFARS, CAS, SOX, MMAS, ASC 606 and FAR compliances. Lowering costs associated with these compliances can help with passing DCMA and DCAA audits. 
  • Valuable Project and Portfolio Intelligence: Deltek’s Costpoint suite gives users clear visibility and helpful insights to keep projects efficient while gleaning actionable insights for future processes.  
  • HR Process Automation: Automating tedious and time-consuming processes like open enrollment let users focus on more critical tasks. It also includes compliance reports to ensure that you and your teams are within the proper parameters to function successfully. 
  • Audit Preparedness: Cospoint’s software suite makes compliance with DCAA regulations a top priority. It also keeps users within SOX and DFARS guidelines while being compliant with GovCon right out of the box. It also includes sample reports and support for Wide Area Workflows. 
  • Improve Financial Management: Users can leverage Costpoint’s automation features to streamline cumbersome financial processes. It also gives users updated financial information to enhance forecasting. 
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  • Build Customer Relationships: Access customer preferences and buying patterns to help them make the right product choices against negotiated prices. 
  • Maintain Accuracy and Flexibility: Source vendors and evaluate contracts and performance to maintain accuracy and flexibility in complex deals. 
  • Deliver Improved Results: Deliver improved business results with robust financial management capabilities. 
  • Improve Profitability: Gain enterprise-wide control of real-time inventory data to boost profitability. 
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  • Project Management: Provides robust resource management capabilities. Users can budget and source their resources while ensuring that they are being properly distributed and used. It also automates a number of these processes to let users focus on more important tasks. 
  • Procurement Features:  Has customizable approval workflows to get purchase requisitions pushed through quickly. Cut down on double entry by automating purchase order generation after approval. Supplier portals boost collaboration and open up communication channels for more effective partnerships. 
  • Manufacturing Support: Supports manufacturing businesses with modules that manage quality, maintain compliance, and quickly adapt to engineering changes. It also provides inventory management features paired with barcode scanners. Contractors can also benefit from the extensive accounting solutions offered by the system. 
  • Time and Expense Management: Gives users multiple avenues to manage employee time, including time entry, leave requests and timesheet approvals. It also provides labor cost, project timeline and expense visibility to give project managers a clear view understanding of how things are progressing. 
  • Analytics and Intelligence: Puts vital data and reports directly into the hands of decision makers to keep the business moving forward. Built-in dashboards, embedded reports, ad-hoc reporting and robust analytics shine a light on the success or failure of daily processes. 
  • Accounting: Ensures that all transactional data is directly tied to the project. It contains features that support labor utilization, invoices for milestones, revenue forecasts, accounts receivable aging and numerous compliance inclusions. Users can leverage project status reports to see how costs measure up to the agreed-upon budget. 
  • Contracts: Leverages automation and a holistic approach to contract management and integrates all critical information into a single source. Users can track proposal costs and bids, rate vendor performance, manage RFPs and more. It also manages subcontracts and can automatically generate projects from opportunity records and contracts. 
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  • Inventory Management: Monitor and manage products moving through warehouses or storage facilities in real time to facilitate end-to-end visibility. Create production-line work orders and visualize and track production line input and output on one screen. Track yield percent, prioritize deduction and determine estimated completion time.
  • Sales Management: Manage and implement customer contracts to ensure right products and pricing. Facilitate real-time communication with the staff members to guarantee the correct product reaches the customer. Create order templates to manage frequent purchases and auto-populate prices for various timeframes by destination and customer.
  • Sourcing Management: Manage and evaluate vendor contracts and performance with the sourcing management module. Access vendor details, including purchase order and spend history, active contracts and more. Track, measure and analyze sourcing risk and supplier performance. Get real-time visibility into supplier data and perform data calculations instantaneously.
  • Financial Management: Perform real-time financial analysis to execute critical business decisions. Gain insights into departments and accounts with complete drill-down capabilities to gauge each transaction. Leverage financial consolidation, reporting and analysis across multiple business entities. Create and track budgets and compare them to the organization’s performance.
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Product Ranking

#54

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ERP Software

#86

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ERP Software

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User Sentiment Summary

Good User Sentiment 499 reviews
Excellent User Sentiment 3 reviews
78%
of users recommend this product

Costpoint has a 'good' User Satisfaction Rating of 78% when considering 499 user reviews from 6 recognized software review sites.

94%
of users recommend this product

Famous Software has a 'excellent' User Satisfaction Rating of 94% when considering 3 user reviews from 1 recognized software review sites.

4.1 (14)
n/a
3.5 (58)
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4.0 (187)
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4.0 (201)
4.7 (3)
3.8 (12)
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3.2 (27)
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Awards

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Famous Software stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Interface: Of the reviews that discuss the interface, 56% of users say this solution has a user-friendly interface and is easy to use.
Accessories: According to 69% of users, this solution's features are enough to streamline productivity and can integrate with each other.
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Easy to Use: Users consistently praise Famous Software for its intuitive interface, making it easy to navigate and learn, even for those with limited technical experience.
Strong Reporting Capabilities: The software provides robust reporting features, allowing users to generate detailed insights into their business operations, such as sales trends, inventory levels, and customer behavior.
Excellent Customer Support: Users consistently highlight the responsiveness and helpfulness of Famous Software's customer support team, who are readily available to assist with any issues or questions.
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Implementation: When asked about the implementation process, 43% of users stated it was complex.
Performance: Precisely 72% of users said it takes unnecessary steps to carry out a task and when error messages appear, they're unclear.
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Limited Customization: Users have reported difficulty in tailoring the software to their specific business processes, leading to workarounds and inefficiencies.
Steep Learning Curve: The software's interface and functionality can be complex, requiring significant training time for new users.
Lack of Mobile Optimization: The software's mobile app is often reported as clunky and lacking key features, making it difficult for employees to access critical information on the go.
Poor Customer Support: Users have expressed frustration with slow response times and difficulty reaching knowledgeable support representatives.
Integration Challenges: Connecting Famous Software with other business systems can be problematic, leading to data inconsistencies and manual data entry.
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Deltek's Costpoint is a tool intended to carry out manufacturing, accounting, BI and other tasks to keep businesses afloat. Users say it's easy to use and simple to navigate features such as time tracking, MRP, reporting, change management and others to enhance operations. Other users say the setup is complicated and the performance isn't great because unclear error messages appear and it takes more steps to complete a task than necessary. Overall, Costpoint is a useful program.

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User reviews from the past year suggest a mixed bag. While Famous Software seems to have a solid foundation for core ERP functions like inventory management and financial reporting, users consistently highlight a clunky interface and a steep learning curve as major drawbacks. One user even compared learning the software to "trying to teach a dinosaur to do a TikTok dance." Ouch. On the upside, Famous Software shines in its specialized applications for the fresh produce industry, with features like real-time inventory tracking and supply chain management receiving high praise. Users appreciate the industry-specific focus, likening it to "having a seasoned produce expert on your team." However, this specialization comes at a cost, as Famous Software lacks the flexibility and customization options offered by competitors like Odoo or Microsoft Dynamics 365. This makes it a tough sell for businesses outside the fresh produce niche. Ultimately, Famous Software is best suited for companies deeply entrenched in the fresh produce industry who prioritize industry-specific functionality over user-friendliness and customization. If you're a tech-savvy team willing to invest the time and effort to master the software, Famous Software can be a powerful tool. However, businesses seeking a more intuitive and adaptable solution might find themselves singing a different tune.

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