In today's technology driven world IT is becoming increasingly more strategic, and as you place more demands on your IT investments, F&A can ensure complete alignment with your business goals and objectives.
F&A works with companies to develop detailed financial analysis to ensure Infrastructure costs are leveraged to maximize return on investment. Technology needs change rapidly and understanding infrastructure costs (ARC's, RRC, etc) can have a significant impact on the financial performance of your organization. Today, many companies focus their re-engineering efforts around server reduction, virtualization and product consolidation. Successfully managing these initiatives is critical and this is where F&A can come in. Our experienced professionals can conduct a comprehensive review to understand these drivers with the end goal of controlling your IT costs.
Virtually every company today uses software, and understanding the impact a Software Purchase has on your company's bottom line can be a daunting task. Software can be purchased one license at a time, under an enterprise agreement, or on a per instant basis and each scenario can have a material impact on your financials. F&A is experienced in scoping the needs of your software requirements, reviewing the terms and conditions around the cost structure and recommending a cost effective solution for your organization. A complete financial understanding of end user license agreements (EULA) and service level agreements (SLA's) can reduce costs. F&A professionals can guide you through the review of these agreements.
IT costs related to time tracking for Software Development (internal or external) is a substantial component of the overall IT spend, and F&A has the experience to ensure compliance around SOX controls that impact your development costs. Many successful companies use a time tracking Project Management tool that allows them to accurately capture costs and record them properly in financial statements.
There are significant accounting rules surrounding the treatment of software development (internal and external) including SOP 98, FAS 86. F&A is experienced in all phases of the Software Development Life Cycle (SDLC). Financial accounting for the SDLC is specialized, and we can provide a solution to scope and understand your IT project spend, validate it against accounting pronouncements and record those expenses timely and accurately.
Contact us to learn more about this service and how F&A can assist your business in achieving its desired results.