Deltek Releases Innovative Budgeting & Planning Solutions for Deltek Costpoint and Deltek GCS Premier
New, cutting-edge solutions offer everything a government contractor needs to perform faster, more accurate budgeting and planning and eliminate spreadsheet chaos within the organization
National Harbor, MD (May 18, 2010) –
Deltek, Inc. (Nasdaq: PROJ), the leading provider of enterprise applications software and solutions for project-focused businesses, today announced the release of Deltek Costpoint Budgeting & Planning and Deltek GCS Premier Budgeting & Planning, two new solutions that empower government contractors to eliminate unreliable spreadsheets and greatly accelerate budgeting and forecasting processes.
In most government contracting organizations, critical budgeting and planning activities are performed using spreadsheets that are distributed across the organization. These inefficient, spreadsheet-driven processes can lead to critical errors, inaccurate forecasts, poor internal controls and reporting mistakes.
Deltek’s new Budgeting & Planning solutions for Costpoint and GCS Premier are powerful applications that empower finance and project management professionals to access accurate, up-to-date information for developing, adjusting, auditing, approving, and re-forecasting project budgets and operating plans.
Finance personnel leverage Budgeting & Planning for visibility into project budgets and to roll up both project and divisional budgets into a complete operating plan. The solutions’ intuitive user interfaces make it easy for managers to constantly review projects and reconcile discrete organizational budgets to determine how they are tracking to the operating plan. Budgeting & Planning delivers the information government contractors need to make business adjustments such as adding/reducing headcount, pursuing new business, or adjusting provisional rates.
Project management professionals utilize the Budget & Planning solutions to provide clear visibility into actual project costs and how they are being allocated throughout a project’s lifecycle. The solutions track multiple cost types – including labor, material, and expense – enabling project managers to do real-time project cost tracking and perform variance analysis to see if a project is staying on budget. The solutions feature over 180 out-of-the-box reports that can be tailored to meet the unique needs of each project manager.
“In our continuing mission to deliver compelling solutions that meet real-world needs for government contractors, we are excited to release innovative Budgeting & Planning solutions that are completely integrated with our Costpoint and GCS Premier product families,” said Kevin Parker, President and CEO of Deltek. “These new compelling solutions deliver everything our customers need to streamline budgeting processes, drive accurate forecasts, and adjust business plans proactively. In addition to the unique capabilities that these solutions deliver, both can be implemented in two weeks, delivering world-class value in a very short amount of time.”
About Deltek
Deltek® (Nasdaq: PROJ) is the leading provider of enterprise applications software and solutions designed specifically for project-focused businesses. For more than two decades, our software applications have enabled organizations to automate mission-critical business processes around the engagement, execution and delivery of projects. More than 14,000 customers worldwide rely on Deltek to measure business results, optimize performance, streamline operations and win new business. Visit www.deltek.com.
Deltek also offers govWin, an online community dedicated to solving common business problems for government contractors. The govWin network delivers unique and specialized content, offers innovative matching capabilities to establish and manage teaming opportunities, and provides applications to identify, pursue, and win government contracts. Over 15,000 registered members, prime contractors, and small businesses are part of the govWin community. For more information, visit www.govwin.com.
For further information contact:
Patrick Smith, Vice President, Public Relations and Analyst Relations, Deltek, Inc.
703.885.9062
PatrickSmith@deltek.com
Source: Deltek