NeoSystems Celebrates 18-Month Deltek Costpoint 7 Migration

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
NeoSystems Celebrates 18-Month Deltek Costpoint 7 Migration Anniversary: Advises Companies to Embrace Next-Gen ERPs

TYSONS CORNER, VA --(Marketwired - August 03, 2016) - NeoSystems Corporation, a leading technology-enabled managed services and systems consulting firm specializing in integrated accounting/finance, HCM, hosting, and IT solutions, is reaping the benefits of its January 1, 2015 migration from Deltek's GCS Premier to Deltek's Costpoint 7 enterprise resource platform (ERP).

With a record six closed quarters leveraging Costpoint, NeoSystems is the only Deltek Platinum Partner who has conducted an internal migration from GCS to Costpoint using its own NeoSystems Consulting experts while also providing transition best practices for NeoSystems' external clients. Implementing the highly flexible, user-friendly Costpoint ERP has positioned NeoSystems for unprecedented growth by supporting expansion of new business lines, improved reporting, and providing managers with cloud-based access to critical business intelligence.

Eighteen months ago, NeoSystems President and CEO Michael Tinsley realized the time was right to embrace Costpoint 7. "After eight years running GCS, we were limited in our ability to add new lines of business or create invoices that mixed time and materials, fixed-price, and unit-based billing," Tinsley explained. "NeoSystems also couldn't access data remotely or create customized reports critical to successful project management. Our managers were bogged down manually manipulating accounting data and work-arounds that didn't meet our business needs."

To tackle the implementation project, NeoSystems tapped its in-house Costpoint 7 experts to plan and manage the migration leveraging NeoSystems' proprietary methodology and best practices. NeoSystems strong technical consultants average 8 years of direct Deltek experience successfully installing and integrating 100s of Deltek Costpoint solutions for NeoSystems clients. NeoSystems' Costpoint upgrade went live in January 2015, and this month marks the 18-month anniversary of the conversion.

"NeoSystems is thrilled to have made the leap from GCS to Costpoint ," Mike Dunn, NeoSystems Chief Financial Offer said. "Costpoint has improved our project management ability and bottom line results, while optimizing operations and reducing risks and client costs throughout project life cycles."

NeoSystems understands first-hand the challenges companies face when upgrading or migrating to a new ERP system. "Organizations fear change. They fear business disruption and may worry their personnel won't have the skills to support the new platform," Tinsley explained. "My advice is to take the plunge. NeoSystems has perfected the transition for small and large government contractors. We have created flexible migration configurations that allow businesses to migrate to a next-generation cloud-based ERP, like Costpoint 7, and redeploy freed assets in more productive ways to grow your business."

One of the migration's biggest advantages is Costpoint's remote access capability. Because the ERP is hosted in a high-performing cloud infrastructure, managers can mine company data from anywhere. "In today's mobile world, being tethered to an on-premise ERP, or even one accessible through a V-LAN, costs time -- and time is money," said Tinsley. "Moving your ERP to the cloud, especially if it includes a mobile-friendly app, gives much faster access to information -- saving valuable time and enabling quicker, yet informed, decision-making."

The cloud-based platform also reduces ERP maintenance costs while simultaneously improving NeoSystem's ability to scale. "We no longer have to worry about storage capacity or the speed of the server that houses our ERP, as Deltek handles these items," Tinsley explained. "Growth can be scaled much more easily and at a much reduced cost than in the old on-premise IT model."

NeoSystems also benefits from improved security at lower cost. "We are able to afford greater security by leveraging the controls, processes, authentication protocols and monitoring activities of our cloud provider as opposed to building and maintaining those measures ourselves," Tinsley reported. Plus, the company benefits from Deltek's robust business continuity procedures, should disaster strike.

For more information on NeoSystems' successful GCS to Costpoint conversion and data migration, please see our recent CEO Blog: Why We Migrated: A CEO's Diary on Migrating from Deltek GCS to Costpoint . NeoSystems is creating a repository of information on " Why Migrate from GCS to Costpoint? ", please look for up-to-the-minute data and customer successes.

About NeoSystems Corporation NeoSystems Corp. , based in Tysons Corner, Virginia, delivers integrated strategic back office services and solutions to enable, run, and secure commercial entities, government contractors, and nonprofit organizations. Today, NeoSystems supports 700 companies and over 50,000 employees with its managed services, and NeoSystems' experts have implemented hundreds of fully integrated financial and business management systems. Utilizing best-of-breed technology and leveraging in-depth expertise in Accounting & Finance, Human Capital Management, Hosting (SOC1/SOC2), and Information Technology, our team enables companies to improve vital operations, reduce their overhead costs and become compliant with complex requirements. NeoSystems is partnered with the world's leading software companies, including NetSuite, Deltek, Ultimate Software, IBM, Integrify, Contract Logix, and others to provide best-in-class solutions. NeoSystems was recently named Deltek's first and only Platinum Partner. For six years in a row, NeoSystems has been named one of America's fastest growing private companies by Inc. Magazine . For more information, visit http://www.NeoSystemsCorp.com .

Image Available: http://www.marketwire.com/library/MwGo/2016/8...845ec2.jpg
Image Available: http://www.marketwire.com/library/MwGo/2016/8...a3f152.jpg

Embedded Video Available: https://www.youtube.com/watch?v=xbyFZpOL4B0&feature=youtu.be

Agency contact: Nancy Rose Senich 1-202-262-6996 cell/txt. nancy@rose4results.com neosystems@rose4results.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Retirement Dreams Dashed: 61% Withdraw Early

Updated Category News Views 298

Retirement Caught in the Crosshairs Just when you think the path to retirement might clear up, life slaps down older workers with economic reality. A recent LiveCareer survey underscores this financial mess, revealing that 61% of those 50 and older are raiding their own retirement funds to make ends meet. It's enough to make one's head spin. Inflation: The Unwanted Guest...

Continue Reading
EFICYENT Ventures to Connect at Singapore FinTech Fest

Updated Category News Views 204

Why the Singapore FinTech Festival Matters The world's hardly a stranger to hype, but the Singapore FinTech Festival carries some real weight. From November 18 to 20, 2026, this gig isn't just industry chatter—it's a high-stakes convergence of policymakers, financial institutions, fintech innovators like EFICYENT, and the money folk looking to mold the future of...

Continue Reading
Motphys Unleashes MotrixSim 1.0, Aiming at Simulation Dominance

Updated Category News Views 319

Motphys Breaks into the Global Simulation Scene The tech world just got slammed with what might be a seismic shift: Motphys, a bold outfit hailing from China, has dropped its brand-new, homegrown simulation engine, MotrixSim 1.0. It's causing quite the stir, unveiling at the Conference on Robot Learning 2026 (CoRL) and throwing down the gauntlet to Western titans like...

Continue Reading
Advanta's Game-Changer: Acquiring Misr Hytech to Expand in Africa

Updated Category News Views 317

Advanta's Strategic Move into Africa Alright, let's cut to the chase. Advanta is making a big splash with its acquisition of Misr Hytech, a move that's going to shake things up in Africa's agricultural sector. This isn't just another merger to gloss over with your morning coffee. We're talking about a deal that's supposed to wrap up by January 31, 2027, bringing together...

Continue Reading
CARsgen's CAR-T Breakthrough on China's Insurance List

Updated Category News Views 291

A Game Changer for CAR-T Therapies There's a breeze of optimism blowing from Shanghai these days—a rare sensation in this market of endless skirmishes. CARsgen Therapeutics Holdings Limited, a company entrenched in the development of cutting-edge CAR T-cell therapies, just notched a victory. They've announced that their CAR T-cell therapy product, satricabtagene...

Continue Reading
Luvme Hair Offers Wig Variety for Winter Fashion

Updated Category News Views 337

Adding Flair to Winter Looks A style kick-off from the fashion world: Luvme Hair is flipping the table on winter wardrobes with a new collection of wigs. As the weather ramps up the need for thick coats and cumbersome layers, these long hairstyles offer a little extra swing, bringing dimension into the mix. Fancy a change from traditional winter hibernation? Here’s what...

Continue Reading
HONGQI's EHS4 Launch in Europe: Bridging East and West

Updated Category News Views 127

Revving Up a New Chapter: HONGQI in Venice There's a new player in the European automotive scene, and it's rolling in with more style than a Venetian gondola. HONGQI, a name that's been turning gears in China since '58, is packing its suitcases full of Eastern elegance and landing straight in Venice with the all-electric EHS4. On November 16, the brand is set to unveil...

Continue Reading
El Pollo Loco Faces Class Action Over Wage Practices

Updated Category News Views 407

Alright, here's where things start sizzling—El Pollo Loco, the fast-food chicken chain whose name translates to 'The Crazy Chicken'—is in a legal pickle. The lawsuit hanging over their heads could spell a sticky situation for them and possibly ripple through the fast-food industry. The suit, filed by the steadfast firm Blumenthal Nordrehaug Bhowmik De Blouw LLP, has...

Continue Reading
BETR's Slide: Investors Face Big Losses, Leadership Shift

Updated Category News Views 170

BETR Investors Left in the Lurch It's a real trainwreck, folks. Better Home & Finance Holding Company, trading under NASDAQ:BETR, is in the spotlight for all the wrong reasons. The company expanded the class period for its investor lawsuit to include even more dates between March and August 2026, reflecting a torturous ride for shareholders. Their stock cratered by a...

Continue Reading
SmallRig Boosts Art-Driven Innovation in AI Era

Updated Category News Views 181

The Interplay of Art and AI In a world where the lines between man and machine blur faster than ever, creators like SmallRig are boldly asking: what role should authenticity play when AI takes the stage? The Shenzhen International Art Museum and SmallRig stood shoulder to shoulder, tackling this head-scrambling question with a global gathering of art and tech giants. It's...

Continue Reading

Top 5 Most Recently Viewed Articles

Medtronic's Upcoming Financial Results and Company Innovations

Updated Category News Views 340

Medtronic to Report First Quarter Financial Results Medtronic plc (NYSE: MDT), a prominent leader in healthcare technology, is set to announce its financial outcomes for the first quarter of fiscal year 2026. The results will encapsulate a crucial period of growth and innovation as the company continues to transform healthcare solutions. The report will be released soon,...

Continue Reading
Exploring Alignment Healthcare's Transformative Approach to Care

Updated Category News Views 167

Alignment Healthcare's Vision for Senior Care Alignment Healthcare, Inc. (NASDAQ: ALHC), known for its proactive approach towards senior care, continues to transform how healthcare services are delivered. Their distinctive focus is on empowering members to lead fulfilling lives as they age, ensuring they receive high-quality, low-cost care. Presentation at the J.P. Morgan...

Continue Reading
Exploring the Promise of MandalaChain's Innovative Approach

Updated Category News Views 176

Introduction to MandalaChain's Vision In the rapidly evolving world of digital currencies and blockchains, MandalaChain is making a significant impact with its innovative approach. The core of this exciting ecosystem lies in its primary token, KPG. Currently, KPG tokens are priced at $0.027 during the presale, which has successfully garnered $2.3 million from various...

Continue Reading
Monthly Dividend Announcement for First Trust Income Fund

Updated Category News Views 52

First Trust Intermediate Duration Preferred & Income Fund Announces Monthly Distribution First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has announced its latest monthly common share distribution of $0.1375 per share. This distribution reflects the Fund's ongoing commitment to providing income to its shareholders. Shareholders can expect...

Continue Reading
Molly Troupe Joins Clear Water Distilling for Innovative Spirits

Updated Category News Views 358

Trailblazing Master Distiller Molly Troupe Joins Clear Water Distilling Co. Award-Winning Industry Leader Brings Innovative Spirit and Deep Expertise to Utah-Based Distillery. Clear Water Distilling Co. is thrilled to announce Molly Troupe's addition as Master Distiller. Known for her remarkable precision, vision, and strong leadership qualities, she brings extensive...

Continue Reading