Home > ERP Software > Costpoint > Costpoint vs SAP Business ByDesign

Costpoint vs SAP Business ByDesign

Last Updated: November 18th, 2024

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

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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.

SAP Business ByDesign is a cloud-based Enterprise Resource Planning (ERP) software designed to serve the needs of midsize businesses. It offers a comprehensive suite of services, including financial management, customer relationship management, supply chain management, and project management, among others. This software is particularly well-suited for businesses looking for a scalable solution that can grow with them, providing the flexibility to adapt to changing business needs. One of the key benefits of SAP Business ByDesign is its ability to offer real-time analytics and insights, enabling businesses to make informed decisions quickly. Additionally, its user-friendly interface and the fact that it's a cloud-based solution mean that it can be accessed from anywhere, at any time, which enhances operational efficiency. When compared to similar products, users often highlight its comprehensive feature set and the robust support provided by SAP. Pricing for SAP Business ByDesign typically follows a subscription model, based on the number of users and the scope of the services required, making it a flexible option for businesses looking to manage their expenses effectively.

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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.

Enhanced Visibility: It contains real-time data analysis and visualization tools. For example, users can look at their finances minute-by-minute as transactions are processed and payments are made. Additionally, the project management feature will enable users to see how projects are progressing and allows them to look at attachments and information associated with individual project stages.
Growth-Oriented: The configuration ability of this tool is relatively high, which allows it to transform as business needs grow and change. Modules and different software systems can also be integrated with the program to account for the company's specific workflows. ;
Increased Collaboration: It supports multi-site and global operations, allowing for centralization of information and employees’ collaboration across different business centers and workflows. The project management tool increases collaboration as it enables visualization of project tasks, accessed by users with the appropriate permission levels.
Improved Customer Experience: Browse through customer history to target marketing collateral and sales discussions to a specific user. Not only does this improve sales, but it also offers personalized and nuanced experiences to the customers, which makes them happy and improves retention rates.
Demonstrated Opportunities for Improvement: It provides insight into the areas in which a business could be streamlined or where money could be saved. For example, the procurement management tool lets users look at contracts and bids from suppliers and compare them to negotiate better deals and discover snags in the supply chain by visualizing real-time production information.
Data Security It secures data through AES-256 encryption and SOC 2 compliance. Firewalls and 24/7 security monitoring can help deter hackers. Additionally, SAP’s data centers are ANSI/TIA EIA-942 Tier III facilities with bulletproof walls, meaning that the threat of unauthorized access to the system is further reduced.

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.

Financial Management: Leverage customer and supplier transaction data to look at the organization’s financial position in real-time. It supports multiple different currencies and reporting standards, ensuring that business conducted globally is accounted for and centralized.
CRM 360 View: The CRM 360 view contains the ability to manage customers from the time they are prospects to their final purchase. The system uses historical purchase data to generate targeted advertisements. The customer history can be handed over to your sales team, who can use this information to refine and improve sales tactics..
Human Resources Management: The human resources tool allows employees to manage their timesheets and personal information. The program also gives HR professionals the ability to monitor purchase requests, complete payroll processing and manage time and labor.
Project Management: The project management feature includes a project cost report that lets users calculate revenue and expenses on a project basis. It also enables users to analyze document flow through this feature’s integration with your supply chain. Documents such as customer invoices can be attached to projects to increase collaboration and visibility.
Procurement Management: It centralizes supplier information, therefore enabling users to negotiate better deals and recognize inefficiencies. Users can also manage supplier contracts in the system.
Supply Chain Management: Users can conduct demand planning in real-time using forecasting methods such as seasonal linear regression and moving average. The tool also contains outlier correction. Production management and supply network visibility are other helpful features of this tool.
Localization: It allows users to operate globally. It centralizes information from different countries, companies and accounting systems to create a complete and accurate view of an organization’s state.

Product Ranking

#54

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#34

among all
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Analyst Rating Summary

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User Sentiment Summary

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.

81%

of users recommend this product

SAP Business ByDesign has a 'great' User Satisfaction Rating of 81% when considering 137 user reviews from 5 recognized software review sites.

4.1 (14)

4.7 (14)

3.5 (58)

3.4 (38)

4.0 (187)

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4.2 (24)

3.8 (12)

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4.3 (39)

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.

User-Interface: The solution has an intuitive user interface to facilitate understanding of the basic functions and navigate through the system with ease, according to 71% of users.

Reporting: According to 100% of users who reviewed this pro, it has advanced capabilities to create dynamic reports. Visualizations depict KPIs and other critical business metrics.

Documentation: About 100% of users who mentioned this pro said it has extensive documentation, with a user manual, videos, booklets and articles about the product’s use.

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.

Expensive: The solution is costly compared to other solutions available in the market, according to 100% of users.

Speed: According to 100% of users who reviewed this con, speed is a significant concern as it affects business productivity.

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.

SAP Business ByDesign is a cloud-based enterprise resource planning (ERP) solution that has garnered positive feedback from users for its comprehensive functionality and ease of use. The software provides a wide range of features, including financial management, customer relationship management (CRM), human resources (HR), supply chain management, and project management, all within a single, unified platform. Users appreciate the intuitive interface and the ability to access the system from anywhere with an internet connection. The cloud-based nature of the solution eliminates the need for on-premises infrastructure, reducing IT costs and complexity. While SAP Business ByDesign offers numerous strengths, some users have noted that the initial implementation process can be time-consuming and may require specialized expertise. Additionally, the software's extensive functionality can lead to a steeper learning curve for new users. However, SAP provides comprehensive training and support resources to assist with implementation and user adoption. Compared to other ERP solutions, SAP Business ByDesign stands out for its scalability and flexibility, allowing businesses to adapt the system to their specific needs as they grow. The software's ability to integrate with other business applications further enhances its value proposition. SAP Business ByDesign is particularly well-suited for small and medium-sized businesses (SMBs) that require a comprehensive ERP solution without the complexity and cost associated with larger enterprise systems. The software's scalability ensures that it can grow alongside the business, while its cloud-based delivery model provides flexibility and accessibility. Additionally, SAP Business ByDesign's industry-specific functionality caters to the unique needs of various sectors, making it a versatile choice for businesses across different industries.

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