Software is transforming our world and how businesses manage their workflows, both internally and externally. It is estimated that software accounts for more than $1 trillion of value-added GDP to the US economy each year.
As software continues to grow its share of company P&Ls, companies have struggled to catch up on measurement of these investments and the function more broadly. The shift to agile development has made this gap more pronounced.
All too often, we see companies making the ‘tough’ decision to either put onerous processes in place for ultra-precise measurement, or to simply deprioritize financial measurement of this function altogether. The outcome of both decisions can have significant, negative consequences for businesses, including:
Wasted time, effort and unnecessary overhead for software and finance teams
Inadequate financial insights into a significant cost center to support decision-making
Poor relationships between software development and finance teams
We launched FocalOps to eliminate the whole idea of this ‘tough’ decision. Our mission is to streamline and improve the connection between finance and software development teams to drive internal efficiency and improve transparency; ultimately delivering the necessary insights for solid corporate decision-making.
We believe that the measurement and accounting process provides the foundation for broader integration to be built, and we believe that this process can be radically simplified at most companies.
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