8 Acquisition International - Issue 3 2022 Jan22101 Credit Where It’s Due! Innovation drives growth, but many companies simply don’t know how to make the most of the potential they have. The team behind Boast have made it their mission to support businesses everywhere to innovate through research and development. Named Best Specialist R&D Tax Credit Software Firm 2022 – Canada in 2022’s Global Excellence Awards, we thought it time to dig a little deeper into the secrets of their tremendous success. esearch and development is a major part of any business operation, empowering companies to push forward with bold new plans. Many industries, such as software, hardware, gaming, manufacturing, life sciences and energy invest heavily in R&D, qualifying for a range of government tax incentives. The team behind Boast know the power behind innovation. Though ground-breaking AI technology, they have been able to automate tax incentives, assisting companies to quality for the maximum possible return. By connecting to their client’s data systems, the team can leverage a greater amount of data to open up new opportunities. The use of AI has allowed for a high claim eligibility for clients as well as a faster and simpler claims process. For many of the team’s clients, the ability to invest in R&D depends enormously on optimizing their financial situation. The holistic perspective of the Boast approach makes this possible. There are enormous benefits to prioritising the needs of R&D, with every dollar invested in this returning twenty dollars back into the economy through job and company growth. Companies that are innovation leaders grow 260% faster than average companies according to Forrester. This drive for innovation is not just limited to the companies that the Boast team support. In a sector where traditional service offerings haven’t changed in decades, their industry leading AI solution offers a better way forward than ever before. Of course, the challenge of innovation is that you are often standing against the status quo. Other companies, namely big accounting firms, boutique firms and individual specialists, all use manual, time R consuming and inaccurate processes. As more and more people are made aware of the potential of what Boast has to offer, they will turn to them for greater levels of support. The use of technology, therefore, is crucial as it allows the team to scale their work at an astonishing rate. Looking ahead, the future is bright indeed for this incredible team. Their ambitious approach to R&D has allowed them to flourish, and in turn, their clients. Needless to say, the newly developed roadmap that the leadership has created will deliver new, advanced approaches to help accounting, finance and engineering leaders with better R&D decisions. To support this impressive level of growth, the nature of the business is set to expand in 2022 as well. Boast is set to announce new affiliate and strategic partners as it expands its geographic operations. This drive for continual development is key to securing aggressive growth over the next year. When we think of Boast, it’s worth thinking of a company that doesn’t just value innovation. It prizes it above all else. Turning innovation from a desired quality into one which flows through the very heart of a company, however is not easy. Through the work of the team at Boast, this has begun to change. As more and more company gain the benefits of their eligible tax credits as well as great R&D intelligence, it’s clear that the work Boast do will not just change these companies – they will change the shape of the industry as we know it. Company: Boast Name: Chris Cottle Email: ccottle@boast.ai Web Address: http://www.boast.ai
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