Software Tracks Research and Development Efforts
Seattle, Washington USA – RIX® Technology LLC announces the release of new online
technology, Resource Information Xchange (RIX®), for tracking and documenting research and
development activity for procuring Federal and State Research Tax Credits.
RIX® combines new online software technology with an IRS approved methodology for
documenting, reviewing, and verifying R&D documentation, in real-time. It allows companies to
abandon the traditional costly and disruptive, year-end interview and reconstruction process that
has been done since 1981, and replaces it with a real-time recording process that usually takes only
fifteen minutes per month per reporter.
RIX® allows an unlimited number of divisions, groups, or individuals, to upload reports and
documents monthly, as they are performing their work. RIX® also provides an immediate review
process to ensure all reports are complete, including required documentation.
By replacing the traditional year-end interview and document reconstruction process with its
monthly reporting methodology, RIX® ensures that at year-end, all reporting and documentation is complete and accurate. As a result, RIX® lowers the cost of documenting R&D activities, reduces
the disruption to the production process, increases the amount of tax credit applied for, and
increases the amount of tax credit retained on IRS review.
A ten minute video demonstration of RIX® is available at
http://www.rixtechnology.com/videos/index.asp. Registration required.
RIX® Technology is providing monthly webinar presentations demonstrating RIX® Technology
and answering questions about RIX® applications, benefits, and general questions about the
Research Tax Credit. Webinar schedule available at www.rixtechnology.com.