Robust reporting with a review workflow and flexible data export
By removing the burden of manual time reporting, Engineering and Finance leaders can better understand the true impact of product initiatives to the bottom line and report software development costs to ensure proper CAPEX categorization and compliance with accounting standards.
The software capitalization rules in GAAP vary for internal-use and for external-use software and apply different accounting treatment to the stages of the software development life cycle in a waterfall-style creating a disconnect between the Accounting and Agile software development practices.
| Stage | Example activities | Treatment |
|---|---|---|
| Research / Planning | Market research, requirements gathering, technology evaluation | EXPENSED |
| Development | Actual software development (coding, testing) | CAPITALIZED |
| Implementation / Post-launch | Training, customer service, bug fixing, promotion activities | EXPENSED |
Refer to the software capitalization guide to learn more.
Our intelligent time-capturing technology doesn't require manual work logging providing actuals that are more accurate than story points.
With Quantify you can set up a process to scale reporting across multiple teams with flexible scope management.
Tech leaders have a tool to rapidly categorize work and stay focused on their core responsibilities.
Quantify has allowed us to achieve a scalable, data-driven solution for capex / opex. The team from Quantify has worked with us hand in hand on our onboarding needs and has allowed us to be part in creation of new features that have really helped us!
It would take me several days to just get data from Jira. With Quantify I have everything I need available within minutes.
Learn more about how Quantify makes software capitalization in Jira easy
