Case Study: CoLab Saves 100+ Hours and Grows R&D Tax Credit Claims with Boast.AI

CoLab saves over 100 hours with Boast.AI

CoLab, a provider of a cloud-based platform for collaborative CAD design review, faced a significant challenge with the arduous process of claiming R&D tax credits. Their previous provider, a Big 4 accounting firm, required an excessive commitment of over 150 hours from more than 12 team members and resulted in a stressful audit. Seeking a better solution, CoLab turned to Boast.AI for its SR&ED tax credit service.

By implementing Boast.AI's streamlined process, CoLab's claim preparation was reduced to just a few brief check-ins with a single point of contact. The solution from Boast.AI not only saved over 100 hours of internal time and eliminated audits but also successfully increased the size of their R&D tax credit claim. This provided CoLab with more non-dilutive capital to fund further innovation and growth.

CoLab