Case Study: Octane Lending reduces R&D tax credit filing time with Neo.Tax

Octane Lending cuts R&D filing time by at least 50% with Neo.Tax

Octane Lending, Inc., a financial software company, faced a burdensome and uncertain process for filing its R&D Tax Credit. The manual method was extremely time-consuming for its VP of Tax and placed a heavy strain on its resource-constrained engineering team, relying on estimates rather than contemporaneous data. Octane turned to Neo.Tax to find a better solution.

Neo.Tax implemented its software, which connected directly to Octane's Jira data to automate the filing process. This provided an audit-proof credit based on contemporaneous records, reducing the burden on engineers from an 8/9 to a 3/10. The solution cut the filing time by at least 50%, from months to weeks, and prepared the company for new IRS requirements.

Octane Lending, Inc