SPRX Technologies utilizes AI-driven software to automate the computation and reporting of federal and state R&D tax credits, significantly reducing processing time from months to days. By streamlining data collection and analysis, the platform minimizes manual tasks and lowers costs for businesses seeking to claim eligible tax credits.
Funding
$500K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DCFounders
Product
Problem
Many businesses rely on outdated, manual processes to compute and report federal and state R&D tax credits, leading to lengthy processing times and increased costs. This reliance on manual tasks creates bottlenecks and inefficiencies, making it difficult for companies to claim eligible tax credits in a timely and cost-effective manner.
Solution
SPRX Technologies offers an AI-driven software platform that automates the computation and reporting of R&D tax credits, significantly reducing processing time from months to days. The platform streamlines data collection through a secure, personalized data space where users can upload relevant information. AI models then analyze the data and predict credit calculations, which are validated by employees through streamlined surveys. This technology automates over 80% of the manual tasks traditionally required, enabling businesses to receive a full report, including analysis memos, document index, schedules, and tax forms, in a fraction of the time.
Target Audience
SPRX Technologies serves businesses of all sizes, from startups to Fortune 500 companies, across various industries seeking to streamline their R&D tax credit process.
Features
- Secure, personalized data space for direct data uploads
- AI models for predicting credit calculations
- Streamlined surveys for employee validation of AI predictions
- Automated report generation, including analysis memos, document index, schedules, and tax forms
- Audit support provided by IRS controversy experts
- Technology automates 80% of R&D credit tasks
- SOC II compliance