SREDSimplify is an AI-powered platform tailored to streamline and simplify the SR&ED (Scientific Research and Experimental Development) tax credit claim process for companies. It automates documentation, ensures compliance, and increases claim accuracy, helping businesses maximize their SR&ED returns with minimal manual effort.
Key Features and Benefits
- Automated Documentation
Uses AI to generate technical narratives and documentation required for SR&ED claims. - Compliance Assistance
Ensures submissions meet CRA requirements, reducing audit risks. - Data Organization
Helps categorize and track eligible activities and expenses efficiently. - Collaboration Tools
Allows multiple team members to contribute to claims in a structured environment. - Claim Optimization
Identifies overlooked eligible projects and expenses for higher returns.
Pros and Cons
Pros:
- Reduces time spent on SR&ED paperwork
- Enhances claim accuracy and audit readiness
- Minimizes the need for external consultants
- Ideal for both startups and large enterprises
- Improves internal collaboration and data tracking
Cons:
- May require initial setup or onboarding for complex R&D structures
- Some industry-specific nuances might still need human review
- Pricing may vary depending on business size and claim volume
Who is the Tool For?
- R&D-intensive companies across industries
- Startups looking to access SR&ED funding efficiently
- CFOs and finance teams managing tax credits
- SR&ED consultants looking for automation tools
- CTOs or engineering managers involved in reporting technical work
Pricing Packages
SREDSimplify offers flexible pricing models based on usage:
- Starter Plan: Suitable for small teams or first-time claimants, includes basic claim generation tools.
- Professional Plan: Offers advanced compliance checks, project tracking, and collaborative features.
- Enterprise Plan: Tailored for large organizations with complex R&D activities and multiple projects.
- Custom Plan: Available for SR&ED consultants and firms managing multiple clients.
