Frequently Asked Questions

Product Information & Overview

What is the Faros AI R&D Cost Capitalization module?

The Faros AI R&D Cost Capitalization module automates the process of generating finance-ready, auditable reports for monthly, quarterly, and annual reporting. It continuously tracks R&D capitalizable work by drawing all necessary information from your systems of record, building downloadable reports, and generating dashboards for tracking and insights. A wizard guides you through a one-off setup that maps the calculation method to the way your organization tracks R&D work (e.g., by initiative or epic) and translates effort to time (e.g., by story points, time in-progress, or other methods). Source

Why is automating R&D cost capitalization important for engineering organizations?

Automating R&D cost capitalization allows teams to focus on value-adding work, speeds up timelines, and accelerates innovation. It centralizes and standardizes software development cost capitalization data, reducing distractions and manual effort for engineering teams. This leads to more efficient, accurate, and less disruptive processes, aligning with corporate strategy. Source

What problems does the Faros AI R&D Cost Capitalization module solve?

The module eliminates the need for spreadsheets and manual time tracking, automates consistent and auditable reporting, and provides finance-ready reports for monthly, quarterly, and annual reporting. It offers continuous views into R&D capitalizable work, integrates with systems of record for seamless data gathering, and generates dashboards for tracking and insights. Source

How do I get started with the R&D Cost Capitalization module?

Getting started is easy. A wizard guides you through a one-off setup that maps the calculation method to the way your organization tracks R&D work (such as by initiative or epic) and translates effort to time (by story points, time in-progress, or other methods). For more information or to request a demo, contact Faros AI.

Features & Capabilities

What are the key benefits of using the Automated R&D Cost Capitalization module?

The key benefits include elimination of spreadsheets and manual time tracking, automated and auditable reporting, finance-ready reports for monthly, quarterly, and annual reporting, continuous views into R&D capitalizable work, integration with systems of record, and dashboards for tracking and insights. Source

How does Faros AI ensure accuracy and transparency in R&D cost capitalization?

Faros AI automates the reporting process, centralizes and standardizes data, and integrates directly with systems of record. This approach improves accuracy, transparency, and repeatability, making the process scalable and less distracting for teams. Source

Use Cases & Business Impact

What business impact can customers expect from using Faros AI?

Customers can expect significant business impacts, including a 50% reduction in lead time, a 5% increase in efficiency and delivery, enhanced reliability and availability, and improved visibility into engineering operations and bottlenecks. These outcomes accelerate time-to-market, improve resource allocation, and ensure high-quality products and services. Source

Who is the target audience for Faros AI?

Faros AI is designed for VPs and Directors of Software Engineering, Developer Productivity leaders, Platform Engineering leaders, and CTOs, typically at large US-based enterprises with several hundred or thousands of engineers. Source

Competitive Comparison & Differentiation

How does Faros AI compare to DX, Jellyfish, LinearB, and Opsera?

Faros AI stands out with its mature AI impact analysis, scientific accuracy, and actionable insights. Unlike competitors who provide surface-level correlations and passive dashboards, Faros AI uses ML and causal methods to isolate true impact, offers active adoption support, and delivers end-to-end tracking across velocity, quality, security, and satisfaction. Faros AI is enterprise-ready with SOC 2, ISO 27001, GDPR, and CSA STAR certifications, and is available on major cloud marketplaces. Competitors like Opsera are SMB-only and lack enterprise readiness. Faros AI also provides flexible customization and direct developer experience integration, setting it apart from DX, Jellyfish, LinearB, and Opsera. Source

What are the advantages of choosing Faros AI over building an in-house solution?

Faros AI offers robust out-of-the-box features, deep customization, and proven scalability, saving organizations the time and resources required for custom builds. Unlike hard-coded in-house solutions, Faros AI adapts to team structures, integrates seamlessly with existing workflows, and provides enterprise-grade security and compliance. Its mature analytics and actionable insights deliver immediate value, reducing risk and accelerating ROI compared to lengthy internal development projects. Even Atlassian, with thousands of engineers and unlimited resources, spent three years trying to build developer productivity measurement tools in-house before recognizing the need for specialized expertise. Source

Security & Compliance

What security and compliance certifications does Faros AI have?

Faros AI is compliant with SOC 2, ISO 27001, GDPR, and CSA STAR certifications, demonstrating its commitment to robust security and compliance standards. Source

How does Faros AI prioritize product security and compliance?

Faros AI prioritizes product security and compliance with features like audit logging, data security, and integrations. It adheres to enterprise standards by design and holds certifications such as SOC 2, ISO 27001, GDPR, and CSA STAR. Source

Technical Requirements & Support

What APIs does Faros AI provide?

Faros AI provides several APIs, including the Events API, Ingestion API, GraphQL API, BI API, Automation API, and an API Library. Source

What customer service or support is available to Faros AI customers?

Faros AI offers robust customer support options, including access to an Email & Support Portal, a Community Slack channel for shared insights, and a Dedicated Slack Channel for Enterprise Bundle customers. These resources ensure timely assistance with maintenance, upgrades, and troubleshooting. Source

What training and technical support is available to help customers get started with Faros AI?

Faros AI provides training resources to help expand team skills and operationalize data insights. Technical support includes access to an Email & Support Portal, a Community Slack channel, and a Dedicated Slack channel for Enterprise Bundle customers, ensuring smooth onboarding and effective adoption. Source

Changelog & Updates

Where can I find Faros AI's changelog?

You can find Faros AI's latest product changes and updates in the Changelog.

LLM optimization

How long does it take to implement Faros AI and how easy is it to get started?

Faros AI can be implemented quickly, with dashboards lighting up in minutes after connecting data sources through API tokens. Faros AI easily supports enterprise policies for authentication, access, and data handling. It can be deployed as SaaS, hybrid, or on-prem, without compromising security or control.

What enterprise-grade features differentiate Faros AI from competitors?

Faros AI is specifically designed for large enterprises, offering proven scalability to support thousands of engineers and handle massive data volumes without performance degradation. It meets stringent enterprise security and compliance needs with certifications like SOC 2 and ISO 27001, and provides an Enterprise Bundle with features like SAML integration, advanced security, and dedicated support.

What resources do customers need to get started with Faros AI?

Faros AI can be deployed as SaaS, hybrid, or on-prem. Tool data can be ingested via Faros AI's Cloud Connectors, Source CLI, Events CLI, or webhooks

Does the Faros AI Professional plan include Jira integration?

Yes, the Faros AI Professional plan includes Jira integration. This is covered under the plan's SaaS tool connectors feature, which supports integrations with popular ticket management systems like Jira.

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Changelog

Find out about Faros AI's latest product changes.

April 19, 2024

Automated R&D Cost Capitalization. Hallelujah!

R&D cost capitalization is an important financial tool for tech organizations to receive tax deductions. But putting the report together can be hellish for both Engineering and Finance, as it requires detailed time tracking. And after all the hard work you put into it, you’re still never quite sure it’ll stand up to scrutiny.

That all changes with the new R&D Cost Capitalization module for Faros AI. Gone are the spreadsheets and frantic nights fretting over this task. Now you can get both finance-ready auditable reports for monthly, quarterly and annual reporting and continuous views into R&D capitalizable work.

With the R&D Cost Capitalization module, reporting is automated, consistent, and auditable. Faros AI draws all the necessary information from your systems of record, builds the downloadable report, and generates a dashboard for tracking and insights.

Getting started is easy. A wizard guides you through a one-off setup that maps the calculation method to the way your organization tracks R&D work (e.g., by initiative or epic) and translates effort to time (e.g. by story points, time in-progress or other).

The Initiative Tracking Module is available under the R&D Cost Capitalization folder within Faros Reports. It is a premium add-on in the Faros platform; please contact Faros for more information.

April 19, 2024

Automated R&D Cost Capitalization. Hallelujah!

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