The Power of Deltek: Transforming Business Operations with Wiss

October 9, 2024

By: Alex Volpi

Practice Leader, Advisory

Wiss, a New Jersey-based accounting, advisory, and wealth services firm, has been delivering excellence for over 50 years. Our mission is to revolutionize the accounting industry by replacing outdated practices with modern approaches that enhance the experience for both clients and colleagues alike. Over the years, Wiss has earned accolades such as being named one of America’s Best Accounting Firms (Forbes ‘23), America’s Most Recommended Accounting Firms (USA Today ‘24), and Best Places To Work In NJ (NJBIZ ’24). These awards reflect our commitment to quality, innovation, and a culture that inspires growth.

As Wiss continues to grow, so too does our commitment to empower clients with tools and processes that ensure operational efficiency and financial success. Central to this mission is our partnership with Deltek Vantagepoint, a platform that has redefined how we operate across all areas of our business.

A Focus on Scalability

Wiss has experienced significant growth in recent years, nearly doubling in size while simultaneously expanding our client base. As we evolved, it became clear that our infrastructure needed a more robust solution to accommodate both our current and future needs. With a focus on scalability, Wiss embarked on a search for an enterprise resource planning (ERP) system capable of optimizing project management, financial reporting, and leadership insights on key metrics such as utilization, profitability, and opportunity pipelines. Deltek Vantagepoint emerged as the ideal solution, offering the sophisticated features required to support our firm’s growth and ambitions.

Commitment to Transformation with Deltek

The adoption of Deltek Vantagepoint marked a pivotal point in Wiss’ operational transformation. By centralizing critical business data within one platform, Wiss was able to unify its previously disparate systems, ensuring that information on employees, clients, and engagements was easily accessible and integrated. Deltek Vantagepoint became our single source of truth, capturing everything from the services we provide to the revenue we generate and collect.

With real-time access to both operational and financial data, Wiss employees gained a powerful tool for collaboration and decision-making. Deltek Vantagepoint empowered our leaders to access critical insights quickly, fostering more informed decision-making at all levels of the organization.

Protecting Our Brand and Clients

Beyond operational efficiencies, Deltek Vantagepoint also delivered surprising benefits in the area of risk and compliance. As a firm that provides assurance services, remaining compliant with regulatory requirements and managing potential conflicts of interest are top priorities. Using Deltek’s configurable engagement management hub, Wiss integrated automated checkpoints for projects flagged as assurance services. This workflow now routes these engagements to our Compliance team for a comprehensive evaluation, ensuring that every project aligns with our high standards and client expectations.

Controlling the Chaos

As with any new system, managing the volume of data and processes can be overwhelming. However, Deltek Vantagepoint’s customizable infrastructure made it possible for Wiss to streamline workflows and integrate data seamlessly across platforms. By leveraging Deltek’s integration options, Wiss now automates information sharing between departments, such as HR, Resourcing, and Finance. For example, through a Deltek Marketplace Partner, Unionpoint, Wiss developed a bulk update utility that enables us to seamlessly update project information—critical for maintaining accuracy and efficiency amid our ongoing growth.

The platform’s customizable reporting hub provides employees with role-specific insights, significantly reducing the time spent aggregating data across multiple systems. Additionally, Deltek’s compatibility with tools like Power BI has unlocked new layers of data analysis, providing decision-makers with actionable insights that drive business success.

A Path Forward with Deltek

Wiss’s journey with Deltek Vantagepoint is a testament to the power of embracing technology for operational transformation. By leveraging Deltek’s software, we have not only optimized project management and financial processes but also enhanced compliance and communication with our clients. Deltek’s flexibility, paired with Wiss’ commitment to innovation, positions us well for continued success as we further refine our operations and expand our capabilities.

Our experience underscores the importance of thoroughly understanding your current state before embarking on major technology initiatives. It’s not just about digitizing existing processes—it’s about finding new ways to work more efficiently. With Deltek Vantagepoint, Wiss is well-equipped to meet the challenges of today and tomorrow, setting the stage for future growth and success.