Home > ERP Software > Costpoint > Costpoint vs Sparkrock

Costpoint vs Sparkrock

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Our analysts compared Costpoint vs Sparkrock 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
Sparkrock 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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Sparkrock's Finance and Procurement is a cloud-based program built on Microsoft to streamlines accuracy, efficiency and visibility throughout every stage of the financial and reporting stages. It also collaborates with certified public accountants (CPA) and HR consultants to aid users in sales, onboarding, implementation, customer success and more.

General ledger, cash management, accounts payable and receivable, purchasing and inventory management are some of its top functionalities.
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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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  • Streamlined Operations: Sparkrock simplifies complex processes, allowing organizations to manage finance, workforce, and other critical operations in one integrated system, reducing manual tasks and increasing efficiency.
  • Improved Financial Management: With its robust financial management capabilities, Sparkrock provides real-time visibility into financial performance, enabling better budgeting, forecasting, and financial planning.
  • Enhanced Workforce Management: The software offers comprehensive tools for managing employee schedules, payroll, and benefits, ensuring compliance and improving staff satisfaction through efficient administration.
  • Increased Transparency: Sparkrock's reporting and analytics features offer deep insights into operations, finances, and workforce metrics, fostering transparency and informed decision-making across the organization.
  • Scalability: Designed to grow with your organization, Sparkrock can easily adapt to changing needs, supporting expansion and new initiatives without the need for significant system changes or additional software.
  • Compliance Assurance: By keeping up with regulatory changes and providing necessary reporting tools, Sparkrock helps ensure that organizations remain compliant with industry standards and government regulations.
  • Enhanced Collaboration: Its centralized database and communication tools facilitate better collaboration among departments, ensuring that everyone has access to the same information and can work together more effectively.
  • Cost Savings: By automating routine tasks and improving operational efficiency, Sparkrock helps organizations reduce overhead costs and allocate resources more strategically.
  • Customizable Solutions: Sparkrock offers flexibility in its deployment and customization, allowing organizations to tailor the software to their specific needs and processes.
  • Improved Service Delivery: For nonprofits and public sector organizations, Sparkrock enhances the ability to manage programs, track outcomes, and report on success, leading to better service delivery and impact.
  • Accessible Anywhere: With cloud-based options, Sparkrock ensures that users can access the system from anywhere, at any time, facilitating remote work and on-the-go management.
  • Robust Security: Prioritizing data security, Sparkrock employs advanced security measures to protect sensitive information and ensure that data is safe from unauthorized access.
  • Dedicated Support: Sparkrock provides comprehensive support and training resources, ensuring that users can maximize the benefits of the software and address any issues promptly.
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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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  • General Ledger: Establish account sets and controls for numerous general ledger accounts and verify up to eight dimensions with the general ledger tool. Users can also track budget actuals, commitments and available funds within the chart of accounts. They can also facilitate approval workflows for general and repeating journal transactions. 
  • Cash Management: This appliance expeditiously and accurately predicts cash flows and liquidity, reconciles bank accounts and processes receipts in batches. It also supports electronic funds transfer (EFT) formats for each major Canadian bank.  
  • Budget Management: Modify and oversee every necessary budget with the budget management accessory. It's equipped with real-time and forecasting insights to deplete end-of-year surprise and professional budget-checking email approvals. It also merges budget commitments with purchase orders. 
  • Fund Accounting: The fund accounting module permits users to institute several operating funds, establish relationships between funds, cipher inter-fund transfers and transfer entries with precision and automatically supervises encumbrances on confined accounts when documenting financial transactions. This tool also supports refined financial reporting for oversight and regulatory compliance purposes.  
  • Accounts Payable: Thanks to efficient purchase invoicing, EFT, reminders and expense claim processing through this accessory, users can clarify vendor management and payment processes.  
  • Accounts Receivable: This tool dispatches customer management and sales invoicing through adjustable attributes and analysis and separately copies each line of invoices into the general ledger.  
  • Inventory Management: Accurately pinpoint the exact products found within inventory by tracking items purchased through the inventory management apparatus. Set requests to diminish in-house stock and charge the item adjacent to particular proportions. 
  • Purchasing: The purchasing appliance extends full transparency from purchase orders to payments with demand approval workflows and automatic orders in accordance with business rules.  
  • Asset Management: Install and combine assets with accounts payable and receivable, purchasing and general ledger to trace purchases, maintenances and depreciations with the asset management feature. 
  • Financial Analysis: This accessory grants financial managers access to produce timely and keen choices with protected, instant access to actuals versus budgets for exact departments, projects or grants. This component can also break down source intel. 
  • Expense Claims: Users can input expenses online, split lines between personal and business and merge credit card and out-of-pocket expenses on the same claim hassle-free with the automated approval workflows on the expense claims element. 
  • Requisition Management: This module offers users full capabilities to input purchase requisitions or payment requests online and checks against their available budget in real time. This apparatus enables users to also enforce purchasing policies through pliant approval workflows. 
  • Project and Grant Accounting: Seamlessly govern the status of capital projects and grants in real time such as budgets, commitments, requisitions and actuals. They each unify with general ledger, purchasing, accounts payable and reporting and users can establish numerous contacts and funding sources with payment schedules. Optional add-ons include budget planning, advanced reporting, business intelligence, advanced document imaging and K-12 School District Education Reporting. 
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Product Ranking

#54

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#121

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User Sentiment Summary

Good User Sentiment 499 reviews
Great User Sentiment 27 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.

87%
of users recommend this product

Sparkrock has a 'great' User Satisfaction Rating of 87% when considering 27 user reviews from 3 recognized software review sites.

4.1 (14)
n/a
3.5 (58)
4.2 (3)
4.0 (187)
4.2 (10)
4.0 (201)
n/a
3.8 (12)
n/a
3.2 (27)
4.5 (14)

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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Streamlined Financial Processes: Users appreciate Sparkrock's ability to simplify tasks like budgeting, reporting, and payroll, freeing up time for strategic initiatives.
Improved Data Visibility: Sparkrock provides a centralized platform for accessing key information, enabling better decision-making.
Enhanced Collaboration: The system facilitates communication and collaboration among team members, streamlining workflows.
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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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Reporting Limitations: Users have expressed frustration with the reporting functionality, citing limitations in customization and the inability to easily extract specific data points for analysis.
Complex User Interface: The system's interface has been described as cumbersome and difficult to navigate, particularly for new users who may require extensive training to become proficient.
Integration Challenges: Seamless integration with other business systems has been a recurring pain point, often requiring significant customization and IT support to achieve desired outcomes.
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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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Is Sparkrock the "spark" your business needs to "rock" its operations? Sparkrock is a cloud-based ERP software aimed at helping businesses of all sizes, but how does it stack up against the competition? User reviews from the past year highlight a mixed bag. While many appreciate the user-friendly interface, similar to familiar Microsoft products, and robust reporting tools that provide valuable insights into financial performance, some drawbacks have also surfaced. A recurring concern is the limited customizability, making it challenging for businesses with unique workflows to tailor the software to their specific needs. Additionally, some users have reported occasional glitches and slow performance, particularly when handling large datasets. Despite these shortcomings, Sparkrock differentiates itself through its strong focus on the non-profit and education sectors, offering specialized features like grant management and donor tracking. This targeted approach makes it a compelling choice for organizations in these industries, providing them with tools specifically designed to address their unique challenges. For instance, one user working for a non-profit highlighted how Sparkrock's donor management features streamlined their fundraising efforts and improved transparency. However, businesses in other sectors might find the software's limited flexibility a dealbreaker. Ultimately, Sparkrock appears best suited for non-profits and educational institutions seeking a user-friendly ERP solution with industry-specific features. Businesses with complex operational needs or requiring extensive customization might need to explore alternative options.

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