Analyst Report: Nucleus Report on Deltek

Project-driven companies have unique challenges. Unlike repetitive manufacturers or distributors that have clearly-defined SKUs and product sets, the products and services that project-driven companies deliver are qualitative and have a high level of variability.

To scale and grow, project-driven firms must have the flexibility to allocate resources to multiple projects on an ongoing basis, identify and curb scope problems or cost overruns before they damage margins, accelerate cash flows, and ensure consistency in project delivery. They often use outside resources such as subcontractors, which further complicates accounting. Rapid capture of time and expense data and visibility into that and other financial data are critical.

Deltek provides software-as-a-service (SaaS) and on -premises enterprise resource planning (ERP) applications for professional services firms, government contractors, and other project-oriented businesses. In looking at Deltek customers, Nucleus found that its integrated project accounting and costing capabilities and industry-specific functionality enabled increased visibility and productivity for employees and managers.

Nucleus reported that these characteristics enabled Deltek customers to accelerate time to value, increase productivity, and, ultimately, position themselves for growth and increased competitive advantage.