NeoSystems specializes in assisting government contractors using Deltek Costpoint in optimizing their system by assessing the current utilization of the system, feasibility of unused modules, and new functionality that could allow the company to streamline their system processing. We have experience with diverse accounting, reporting and database systems and tools on numerous platforms.
Here are some of the steps we take to optimize your Costpoint system:
Interviews with functional leads – These interviews will determine the current processes of the organization and explore opportunities for improvement with those closest to day-to-day operations.
Review Costpoint system controls – We will review key controls set up in the Company’s financial system and identify potential issues as well as opportunities for improvement.
Review configuration logic – Basic configuration of Costpoint is an often-overlooked area that may open new paths to streamlining business processes and procedures.
Run financial reports and utilities – NeoSystems will review standard Costpoint reports and utilities to ensure basic expectations are being met and identify potential issues that may uncover underlying problems.
Compare customization versus unused Costpoint functionality – Many companies have developed customized in-house solutions to specific needs years ago that may now be addressed by native Costpoint functionality. We will review those customizations for any such native Costpoint solutions or where other additional software solutions may be utilized for a specific purpose.
Document findings and recommendations – Our final deliverable will be a comprehensive report detailing the results of all the steps above and providing potential and recommended options for a path forward to optimize the financial system that meets the needs of the Company.
Optimizing your Costpoint system can provide many benefits to your accounting staff and your organization. These include increased efficiencies, reduced labor costs and reduced 3rd party application costs.Here are just a few benefits you’ll see from our Costpoint Optimization Program:
Take better advantage of inherent “Out of the Box” functionality wherever possible
Enable processes that are more efficient and accurate (I.e., enter information once vs. duplicate entry)
Standardize your methodology and business rules across the organization
Consolidate and centralize your processes (I.e., centralized AP, Payroll, GL)
Better segregate costs by legal entity
More consolidated Financial Statement Reporting
Set up System Security by Division/Entity
Create true interfaces with 3rd party products
Feel confident that you are in compliance with government contractor regulations (FAR, DFARs, etc)
NeoSystems offers a large team of qualified, experienced consultants who assist our clients with their implementation of various software applications, including data migration from legacy or outside systems and integrations between applications, whether within a given infrastructure or across the web. This also includes complex financial modeling in Workday Adaptive Planning, and BI reporting using IBM Cognos Analytics. Our comprehensive professional services include: