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Boast
Business Finance
Vancouver, British Columbia
Overall Rank: 76
Category: Business Finance
Category Rank: 7
Awards:
Top Financial Technology Companies of 2024
Profile
Boast specializes in helping organizations in Canada and the United States claim and access every eligible R&D tax credit while minimizing audit risks and streamlining time-consuming processes. By combining in-house technical and R&D tax expertise with advanced AI technology, Boast simplifies the complexities of tax credits, enabling companies to focus on their core mission: innovation.
Since its founding in 2011, Boast has supported over 1,500 businesses across North America in securing more than $600 million in innovation capital, empowering them to build stronger products, extend their financial runway, and drive transformative innovation.
Visit www.boast.ai
Key Products
Boast’s platform simplifies the complex process of claiming R&D tax credits by leveraging proprietary AI algorithms to analyze each customer’s entire R&D digital footprint. This ensures that every minute and dollar spent on eligible projects is accurately accounted for. The platform’s AI classifier assigns confidence scores to evaluate the tax credit eligibility of each task, offering precise classification of projects. Higher scores indicate greater confidence in eligibility, while non-R&D projects are automatically filtered out based on the provided information.
Boast integrates seamlessly with leading technical and financial systems, enabling teams to extract data directly from customers’ project management, technical, accounting, and payroll systems. With secure integration across hundreds of platforms, Boast makes capturing and qualifying R&D investments efficient, accurate, and real-time.
Key Executives
Imad Jebara is CEO of Boast, the only R&D tax credit solution that combines in-house technical and tax expertise with the latest AI to simplify filing and increase returns on R&D investments. He brings more than two decades of leadership experience at top SaaS and Finance businesses to his role at Boast, where his team specializes in helping organizations claim and access every eligible R&D tax credit, minimizing audit risks and time-consuming processes in Canada and the United States.
Customer Insights
- Plantiga achieves more liquidity and maximized tax credits with Boast (Read).
- Ibakka saves up to 60hour annually claiming R&D tax credits with Boast AI (Read).
- CTK Bio Canada translates deep tech into tax credits with Boast (Read).
- FanSaves demonstrates credibility to investors via Boast’s SR&ED report and R&D Insights (Read).
- Why factoring SR&ED with Boast has been a lifesaver for ConnectionPoint (Read).
- How Deskree reimagined their own R&D following Boast’s platform insights (Read).
Investors
Boast has secured $123M USD in funding to automate billions in R&D tax credits and innovation incentives to help companies grow.
Competitors
While the Big 4 (or Big 6) accounting firms (Deloitte, PWC, E+Y, KPMG, BDO, GRANT THORNTON) offer broad-based accounting services, no other R&D tax credit solution combines in-house tech and tax expertise with cutting edge technology to maximize their customers access to the capital they deserve.
Corporate Responsibility
For nearly half a century, there has been little advancement in tax credit preparation and R&D intelligence, leaving businesses struggling to accelerate their innovation.
Boast is on a mission to change this, aiming to accelerate the success of innovation by helping eligible companies gain faster access to R&D tax credits.
As an employer, Boast is dedicated to empowering its team of innovators to reach their full potential. Recognizing that building a great company starts with a great team, Boast prioritizes hiring talented individuals and providing them with the tools to succeed. The company fosters an environment where employees are treated with respect, challenged, encouraged to learn, and supported in achieving personal and professional growth. Boast also values work-life balance, ensuring its team leads fulfilling and well-rounded lives.
Boast measures its success by the impact it delivers to clients—maximizing their bottom line and adding value to their businesses. This commitment drives Boast every day and solidifies its reputation as a trusted advisor and partner in clients’ success.
Maintaining strong client relationships is a top priority for Boast. By staying connected throughout the year, Boast proactively prepares clients’ R&D tax claims, helping them secure more funding, faster, with less time and risk.