Up and coming online accountancy software provider Made.Simplr has won new funding from the Government-backed Innovate UK programme designed to fast-track the development of innovations borne out of the Coronavirus crisis.
The company, which has developed software designed specifically to assist accountants and finance officers with R&D tax credits, is among a number of innovative businesses selected for the Fast Start Competition.
This programme is offering £40 million of Government investment to drive forward new technological advances that are helping businesses during the current crisis.
The Made.Simplr application is entirely based on the cloud and allows accountants to remotely access the information they need to make a claim.
Designed by the team at Kapitalise, who have a background in R&D funding and projects across Europe, it is anticipated to be the next big innovation in automation for the accountancy profession, which will help firms to navigate the complexities of R&D tax credits, improve businesses’ access to the tax relief and increase revenues for users.
Sarah Malter, Managing Director at Kapitalise, said: “We are really excited to receive this funding from Innovate UK as it will help us to invest further in the technology behind Made.Simplr and push this out to a wider pool of accountancy firms.
“We strongly believe that our systems have the potential to innovate the way that R&D and the tax reliefs connected to it are managed in the UK and around the world. Our application makes it easier and quicker to process claims and the fact that it can all be done remotely means that staff can stay safe, while still delivering a high level of service to clients.”
The funding made available to Made.Simplr is part of a £211 million government support package to drive forward business-led innovation, announced by the Chancellor on 20 April 2020 in response to the current outbreak.
“The UK accountancy profession is at a real turning point as it moves towards automation to drive improvements in existing services,” said Sarah.
“We are really excited to be a part of this and we are glad that this funding from Innovate UK via the Fast Start Competition scheme will help us to accelerate our plans to roll out our systems to more firms.” To find out more Made.Simplr and its specialist software for accountants, please visit https://www.kapitalise.co.uk/madesimplr-rd-platform/