Replicon For R&D Tax Credits
R&D organizations can audit-proof their tax credit claims by leveraging Replicon’s project time tracking platform to capture and categorize all R&D project efforts in real-time, run it through the right approval workflows, and compile claim information on-the-fly.
Time Tracking For Your R&D Teams
- Configure timesheets and expenses to capture the information as per your business needs.
- Differentiate between R&D and non-R&D project hours and understand the costs.
- Project resources can book time off on the timesheet to indicate vacation and unavailability.
- Utilize timesheet comments and attachments to give supervisors detailed context and transparency useful during consolidation and audits.
- Leverage our advanced mobile app to enable your remote teams to submit time and expense entries.
Intelligent Validations and Approvals
- Leverage advanced business validations to reduce errors on timesheets and in calculation of R&D hours.
- Ensure timely submission from employees and supervisors using real-time alerts.
- Model approval workflows to get project hours reviewed by the right approvers and increase accuracy of R&D tax credit claims.
- Dynamic routing of timesheets to project managers or supervisors further reduces overheads and lead times.
Manage R&D Project Delivery
- Create multi-level projects, define project milestones, and set up relevant information in seconds.
- Set estimates and track project status, actuals, & WIP in real-time to manage your business.
- Get a centralised view of all your R&D organisation’s projects.
- Access detailed information about project hours, costs, and productivity.
Streamlined R&D Claims
- Easily categorize projects and tasks as R&D eligible.
- Set costs at resource level and easily estimate your R&D claim limit.
- Normalize hours to get a true picture of what hours can be claimed.
- Consolidate quickly and accurately submit your R&D tax credit claims.
- Set accurate project hour targets at individual level and roll up to understand estimates at the organisation level.
- Easily handle reduced work hours and exceptions, such as holidays or non-working days.
- Give your supervisors and executives up-to-the-minute visibility into project hours.
- Manage performance and accountability with access to historical trends and real-time visibility into project progress.
Integrations For Your R&D Organization
- Utilize our prebuilt connectors or build your own using our web services API.
- Seamlessly share time and project data with other applications within your business ecosystem.
- Connect with CRM, HR, PM, accounting, ERP or other proprietary systems using our prebuilt connectors and integration services.
Plan Better, Be Audit-Ready
- Define your business metrics and manage your R&D organisation performance.
- Get real-time visibility into project progress, actuals hours, R&D claim potential, and other specific metrics using our out-of-the-box reports.
- Configure the reports to match your audit needs and schedule them for periodic checks.
- Plan for future R&D tax credits better by utilising historical claims data.