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Automate reports for capitalizing software development costs

Too much time is spent every month on record-keeping for
capitalizing software development costs. Faros AI auto-
generates finance-ready capitalization reports to eliminate manual spreadsheets.

a graphic showing complex manual spreadsheets turning into a clear and concise dashboard report

some of our customers include

Restore tens of productive hours to your engineering managers each month

While capitalizing software development costs is advantageous for a company's financial statements, it's pure
administrative overhead for engineering managers, product managers, and FP&A teams.

Auto-generate periodic reports

Leverage digital footprints to calculate the time spent on eligible activities and generate the report.

Stay informed with real-time tracking

View live dashboards for spot-checks and midpoint reviews. Filter by initiative, epic, or employee.

Streamline the capitalization process

Get clear audit trails and detailed reports on eligible work, without human intervention.

The best part about using Faros AI
is the time saved and the value back.

Matt Fisher

VP Product Engineering, Vimeo

Save time and effort for engineering leaders

Finance leaders admit that report preparation is poor use of engineering managers' time. Let's give the time back.

Leverage digital footprints to tabulate eligible activities for capitalizing software development costs.
Easily filter reports to a specific team, employee, or time frame.
Get real-time breakdowns by initiative and epic.
View reports online and easily export them to a separate sheet for finance.

graphic of a software development capitalization report showing time saved per developer per month

a graphic showing a setup wizard wherein rules can be defined and established for use

Improve accuracy, transparency, and defensibility

Ensure software capitalization rules are applied correctly and consistently.

Eliminate subjective interpretation by using transparent and consistent calculations.
Reduce the risk of non-compliance penalties or fines.
Leverage clear audit trails and detailed reports.

Align on a repeatable and scalable solution

Onboard new managers with minimal training.

Quickly get new engineering and product managers up an running on software capitalization.
Reduce the oversight, monitoring, and re-training required by FP&A.
Automatically handle real-world complexities like overlapping tasks, poor data hygiene, and divergent workflows.

a graphic showing a setup wizard allowing you to choose how task efforts are tracked