01.
The Challenge
To ensure software capitalization was accurately represented on the balance sheet, the Client engaged RGP for an independent assessment of the internally developed software (IDS) capitalization process. RGP conducted stakeholder interviews and collaborative sessions with key departments, including Technology, Project Management, FP&A, and Accounting, to evaluate the end-to-end IDS capitalization process. The assessment provided the Client with valuable insights and strategic recommendations for improving asset tracking, enhancing processes, and driving automation within the IDS capitalization process.
02.
What We Did
RGP assembled a team of seasoned accounting and financial reporting professionals to ensure accurate software capitalization on the balance sheet, promoting transparency, compliance, and precise financial reporting. The team guided leadership on best practices, conducted a thorough assessment of the current IDS capitalization process, and developed a target process for end-to-end application delivery and management. This involved over 25 processes, more than 15 controls, and the collaboration of multiple organizations. Through stakeholder interviews, RGP identified key areas for enhancement and automation, ultimately creating a comprehensive roadmap to implement recommendations effectively.
03.
Our Impact
RGP’s assessment led to prioritized work packages, quick wins, and a roadmap for process improvements, ensuring accurate software capitalization and enhanced financial reporting compliance.
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