Change Captain provides a platform to automate R&D tax credits, tax amortization, and capitalizable labor reporting for software development spend. This automation helps finance teams reduce development costs by up to 50% while ensuring compliance and providing real-time engineering insights. The service delivers significant value through tax savings and EBITDA improvement, supported by audit-ready data collection.
Funding
Funding not disclosed
Founders
Product
Problem
Software development teams face challenges in accurately documenting and claiming R&D tax credits and managing software capitalization requirements. This often leads to significant administrative overhead, potential compliance risks, and missed opportunities for financial optimization.
Solution
Change Captain provides an automated platform that integrates with code repositories to capture development activity data. This data is then processed to generate audit-ready reports for R&D tax credits and software capitalization, ensuring compliance with IRS regulations. The system enforces separation of duties and prevents the deployment of untested code, thereby enhancing code quality and security. By automating these processes, Change Captain reduces the time and resources teams spend on financial reporting and compliance, allowing them to focus on innovation.
Target Audience
The primary target audience includes CTOs, CFOs, engineering managers, and development teams within technology companies seeking to optimize financial reporting and compliance related to software development.
Features
- Integration with code repositories (e.g., GitHub) to automatically capture development activities.
- Automated generation of audit-ready reports for R&D tax credits, including state, federal, and global credits.
- Streamlined software capitalization reporting, including Section 174 amortization calculations.
- Enforcement of separation of duties and peer review policies within the development workflow.
- Prevention of untested or unapproved code deployments through automated checks.
- Real-time data capture for accurate Qualified Research Expenses (QREs) and labor cost allocation.
- Support for various R&D tax credit calculation methods, such as ASC and RCM.
- Compliance with NIST Cybersecurity Framework and SOC reporting requirements.
- Dashboard providing visibility into project progress, team activity, and compliance status.
- API for integration with other development and financial tools (e.g., Jira, financial systems).