Software Capitalization
Automate COst capitalization reports
Manual software capitalization reporting takes hours from your engineering teams and frustrates finance leaders. Faros automates the entire process, generating accurate, audit-ready reports without requiring a single manual spreadsheet.
Manual cost capitalization drains valuable time from your managers
While capitalizing software development costs is great for financial statements, it's pure administrative overhead for engineering managers, product managers, and FP&A teams. Faros turns your daily workflow data into accurate, audit-ready reports without any manual intervention.
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 is the time saved and the value back. We have key data at our fingertips in an easy-to-use, unified platform."
Capitalization reporting, fully automated
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.
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.
Automate software cost capitalization
Let AI do the work.
Context for the work you do every day
Engineering context powers the use cases that help your organization transform as fast as AI evolves.