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.
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.
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.
Ensure software capitalization rules are applied correctly and consistently.
Eliminate subjective interpretation by using tranparent and consistent calculations.
Reduce the risk of non-compliance penalties or fines.
Leverage clear audit trails and detailed reports.
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.
