Astrata Product Update: Banks and Credit Cards

Astrata Product Update: Banks and Credit Cards

November 1, 2024

Deltek Vantagepoint’s contract management tools help architecture and engineering firms centralize contract documents, automate key workflows, and maintain compliance, all within a single ERP platform. The result: fewer administrative bottlenecks, stronger financial oversight, and more time focused on billable work.

Managing contracts is one of the most detail-intensive responsibilities in any architecture or engineering firm. Missed terms, misplaced documents, and manual tracking create costly delays and in project-driven environments, those delays compound fast. Deltek Vantagepoint addresses this head-on with a dedicated contract management framework built specifically for A&E firms.

What Is Contract Management in Deltek Vantagepoint?

Deltek Vantagepoint’s contract management module centralizes all contract-related activity within the same platform your team already uses for project management, accounting, and resource planning. Rather than toggling between spreadsheets, shared drives, and email chains, your team accesses every contract document, amendment, and approval in one place.

Key capabilities include:

  • Contract document storage: Attach and organize executed contracts, amendments, and supporting documentation directly to project records
  • Contract type configuration: Define contract structures, lump sum, cost-plus, time and materials—and align billing rules accordingly
  • Amendment tracking: Log and manage contract modifications with a clear audit trail
  • Compliance visibility: Monitor contract terms against actuals to flag potential overruns or scope discrepancies early

How Contract Documents Work Inside Deltek Vantagepoint

Contract documents in Deltek Vantagepoint are linked directly to project records, which means the information lives where the work happens. When a project manager needs to verify a billing cap, check a deliverable deadline, or confirm a client requirement, that information is accessible without hunting through external systems.

This tight integration between contract documents and project financials creates a direct line between what was agreed upon and what is being executed. Project managers and accounting teams work from the same source of truth, eliminating version confusion and reducing the risk of billing errors tied to outdated contract terms.

Why This Matters for Architecture and Engineering Firms

A&E firms operate across multiple contracts simultaneously, often with layered sub-consultant agreements and phased deliverables. Without a structured system, tracking contract status across a portfolio of projects becomes unmanageable.

Deltek Vantagepoint brings order to that complexity. Contract terms inform billing workflows, approval thresholds, and revenue recognition, automatically. This means your team spends less time reconciling data and more time delivering on project commitments.

The Business Value of Streamlined Contract Management

The operational benefits of Deltek Vantagepoint’s contract management tools extend well beyond document storage. Firms that structure their contracts within Vantagepoint gain:

  • Faster invoice cycles: Billing rules tied to contract terms reduce the back-and-forth between project managers and accounting
  • Stronger financial visibility: Real-time data on contract value, billed amounts, and remaining budget supports proactive decision-making
  • Audit readiness: A centralized document repository with version history makes internal reviews and external audits significantly more straightforward
  • Reduced compliance risk: Automated alerts and structured contract records help firms stay aligned with client requirements and regulatory obligations

For C-level executives and project leaders, these capabilities translate directly to improved cash flow, fewer write-offs, and greater confidence in financial reporting.

Getting the Most Out of Vantagepoint Contract Tools

Deltek Vantagepoint’s contract management features deliver the most value when they are configured to match your firm’s specific contract types, billing structures, and approval workflows. Out-of-the-box functionality provides a strong foundation, but firms that invest in proper setup, and ongoing optimization, see the clearest gains in efficiency and financial performance.

This is where working with an experienced Deltek partner makes a measurable difference. Proper configuration ensures your contract data flows accurately through project financials, reducing the manual corrections that drain time and introduce risk.

Make Contract Management Work for Your Firm

Deltek Vantagepoint gives architecture and engineering firms the tools to manage contracts with precision, transparency, and confidence. When your contract documents are integrated with your project and financial data, your entire team operates from a stronger, more reliable position.

At PCI, we help firms configure and optimize Deltek Vantagepoint to match how they actually work, so the platform supports your operations rather than complicates them. We make your operations comfortable.

Ready to see what streamlined contract management looks like for your firm? Contact PCI today to connect with a Deltek specialist.


Frequently Asked Questions

What types of contracts does Deltek Vantagepoint support?
Deltek Vantagepoint supports multiple contract types, including lump sum, time and materials, and cost-plus structures. Each type can be configured with corresponding billing rules and financial controls.

Can contract documents be attached directly to projects in Deltek Vantagepoint?
Yes. Deltek Vantagepoint allows users to attach executed contracts, amendments, and supporting documents directly to project records, keeping all relevant information in a single, accessible location.

How does Deltek Vantagepoint help with contract compliance?
Deltek Vantagepoint tracks contract terms against project actuals in real time, enabling firms to identify potential overruns or scope discrepancies before they become financial or legal issues.

Do I need a Deltek partner to set up contract management in Vantagepoint?
While basic features are accessible out of the box, working with a certified Deltek partner like PCI ensures your contract management setup is properly configured for your firm’s specific workflows, contract types, and billing structures.

We have launched two module updates within our Astrata financial management tool. We developed Astrata to enhance the user experience for Deltek Costpoint. Our feature-rich platform is designed to save you time, improve ROI, and simplify your tasks. With Astrata, you can easily connect your banks, credit cards, and third-party software to Costpoint, eliminating data entry and enhancing reconciliation processes. Let’s take a closer look at the latest module updates for Astrata.

Astrata Bank Module

The Astrata Bank module specializes in changing how we deal with our day-to-day banking. Module functionality includes recording deposits, payments, and payroll with just a few clicks. Using Plaid technology, Astrata pulls your bank transactions in as soon as they are posted to the statement, allowing daily reconciliation.

Aiming to alleviate the complexity of Costpoint, the simplicity of Astrata allows you to save time and ensure accounting accuracy. Whether it’s automatically pulling your company’s open A/R to allow easy matching with a deposit or using our payment remember button to speed up voucher creation, Astrata can help your business improve day-to-day accounting procedures.

Here are short demo videos for the Astrata Bank module:

Astrata Credit Card Automation Module

The Astrata Credit Card automation is an industry favorite and revolutionizes how we deal with transactions in Costpoint. This module allows users to assign credit card expenses to employees and send them to the Costpoint expense module in seconds. This saves a lot of time and minimal work on the employee’s side, allowing seamless claims on expense reports.

In addition to this, it includes the capability to create AP vouchers and assign all your correct projects, accounts, and organizations. Astrata is integrated with your Costpoint, and your credit card transactions are posted in a clear, concise, and user-friendly interface. Utilizing Plaid technology, your transactions are pulled in as they are posted to the statement, and you never have to worry about missing an expense again!

Here is a short demo for the Astrata Credit Card Automation module.

Transform Your Financial Management Workflow

Interested in learning more about how Astrata can transform your business? Astrata is built with every integration applied to your system with the customization you need to meet your business requirements. Contact us today and find out how the unique capabilities of Astrata can transform your organization’s productivity.

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