2024

Boast’s AI-Driven R&D Tax Credit Solution Delivers Millions in Innovation Capital to North American Businesses

Entrant Company

Boast AI

Category

Business Technology Solutions - Financial Management Solution

Client's Name

Country / Region

Canada

Boast is the only R&D tax credit solution that combines an advanced AI- and ML-driven platform with decades of human expertise navigating tech and tax code. This enables Boast to maximize access to non-dilutive funding for more than 1000 customers across the United States and Canada, with hundreds of millions of tax credits successfully claimed to date thanks to the industry-leading tools and processes.

The platform significantly simplifies the complex process of claiming R&D tax credits by using proprietary AI algorithms to analyze each customer’s entire R&D digital footprint, ensuring every minute and dollar spent on eligible projects is accounted for. The AI classifier even assigns a confidence score to gauge the tax credit eligibility of each task, underscoring the precision of the next-generation solutions: Higher scores indicate a higher degree of confidence in the precise classification of projects, while the system also automatically filters non-R&D projects based on the information provided.

Simultaneously, the Boast Time Evidence Engine enables customers to track, document, and validate the time spent by all stakeholders contributing to their R&D projects. The platform’s R&D Time Allocation and Insights derive time spent on projects without the need for manual time tracking, generating insight to improve R&D processes from the top down while leaving no stone unturned in compiling a complete tax credit claim.

With role-based user access, multi-factor authentication, and SOC2 Type 2 certification, the centralized Claim Portal is secure and convenient: Customers can even send, receive, and store documents securely through the Boast AI portal (as opposed to cluttered inboxes or insecure email threads).

Boast integrates with leading Technical and Financial Systems, helping the teams seamlessly extract data directly from customers’ project management, technical, accounting, and payroll systems. We securely integrate with hundreds of other systems to make capturing and qualifying R&D investments easy and real-time.

With everything customers need to understand their R&D and product development securely stored and readily accessible, Boast empowers clients to focus on innovation while we unlock the full potential of their R&D tax claim.

 
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Entrant Company

BigID

Category

Business Technology Solutions - Artificial Intelligence / Machine Learning Solution

Country / Region

United States

 
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Entrant Company

Thorne

Category

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Country / Region

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Entrant Company

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Category

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Country / Region

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Entrant Company

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Category

Human Resources - Best Transformation Strategy

Country / Region

United States