Case Study: Modern Treasury streamlines R&D tax filing with Neo.Tax

Modern Treasury cuts R&D data prep to under 1 hour with Neo.Tax

Modern Treasury, a payment operations software company, faced a time-consuming and inefficient process for filing its R&D tax credit. Their previous method required the controller to manually gather data from engineers and manage lengthy calls with their tax preparer. This created a significant administrative burden for their lean finance team. They turned to the vendor Neo.Tax to utilize its R&D tax credit service to streamline this process.

The solution from Neo.Tax automatically populated the necessary R&D data by linking to the company's project tracking systems. This eliminated the need for manual data collection and calls with engineers. As a result, the process became 10x faster, with data populated in under an hour. By the second year, Modern Treasury required zero calls with its engineering team and no longer needed to pay for a separate R&D study, saving significant time and resources.

Modern Treasury