Faraday

Revenue Recognition Software

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This platform streamlines the management and submission of research and development (R&D) tax incentive claims by transforming routine engineering activities into extensive, audit-ready reports. It offers key features such as activity tracking, cost allocation, AI-generated technical narratives, collaboration tools for advisors, and one-click export functionalities, effectively solving the complexities and time-consuming nature of R&D tax claim processes for Australian businesses engaged in innovation. Designed for companies involved in research, experimentation, or development activities, it enables teams to maximize eligible financial refunds, ensure compliance with government requirements, and reduce administrative burdens through automation and centralized documentation.

Faraday can be found in Revenue Recognition Software categories.

The most similar products to Faraday are:

Kure Promoted → r&d community → Neo.Tax → Synnch → clarus →

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Details

Faraday Main Features

• Capture costs
  Import expenses and assign wages, software, and overheads to the right activities.
• Time tracking
  Track R&D hours automatically, ensuring all time is recorded correctly.
• Cost allocation
  Divide wages and expenses across activities with a clear and fair trail.
• AI claim drafting
  Create technical reports from simple notes, which can be improved in your own words.
• Activity register
  Keep a record of all activities, hypotheses, and methods required by AusIndustry.
• Connect your team
  Invite staff and advisors so they can quickly log R&D time where they work.
• Audit-ready exports
  Generate ready-to-submit reports and timesheets in Word or PDF with one click.
• AI drafts your claim
  Use AI to turn your engineering work into a ready report for the R&D claim.
• Advisor collaboration
  Share your work with your R&D advisor for review while keeping sensitive info private.
• Lodge with confidence
  Export a complete, audit-ready pack that can be submitted to the ATO or your advisor.

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Faraday Alternatives

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clarus

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Technologies Used

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