# August 2025 product update Your R&D credit process is about to get a lot easier! Your R&D credit process is about to get a lot easier! We've shipped bulk editing, performance improvements, and streamlined imports. Plus, see how [Modern Treasury](https://d1k8ss04.na1.hubspotlinksstarter.com/Ctc/GF+113/d1K8SS04/VVRkBk92-bVwW4JFndt7FXCmPW13cSCp5C2DBNN2H2jyW3m2nnW6N1vHY6lZ3prV9NdwP4sJ-wqW3zxFvS3SX0W-W69-1yf7wCrQ3W7rVrTN3__vnFW5y-wDb6f4HzBW6xVgtZ1VB1sNW44qSk93Xqk3MW2Kfnl42R3YD4N7MJ2jG8MzzkW3fgKqc6lsSFMW85FDfC5gLwWwW2nq1LD4fQnCxVhKhVz1bmlVCW2vtfrz72HlkVW7lpjnb3dy1fNVvSZ_d7LKQb2W7Txfdm4pnqHDVFZs475SdS_wV3wF075G3pT1W3PlXB53_3dHHW77ZcLJ46TD46W945kTM51HwD-f1b-h6004) eliminated their painful engineering interviews entirely. --- ### **Top Time-Saving Improvements** ⚑ **Faster Load Times:** Cost/Wages pages now load in ~1 second (even with 1000+ projects/people) ✏️ **Bulk Edit Everything:** Set R&D % and capitalization % for multiple expenses at once πŸ”— **Smart JIRA File Import**: Auto-map columns, fix formatting issues, and resolve missing data in one click πŸ“ **Timesheets Support**: Upload timesheets data to calculate R&D allocation. --- **Customer story: Modern Treasury** Modern Treasury controller Jen Yahiku and her team streamlined the R&D credit process using Neo.Tax, eliminating painful Engineering interviews and improving audit-readiness: "With Neo.Tax, there's much more detail to substantiate it.” [Read more here.](https://d1k8ss04.na1.hubspotlinksstarter.com/Ctc/GF+113/d1K8SS04/VVRkBk92-bVwW4JFndt7FXCmPW13cSCp5C2DBNN2H2jzb3m2nnW7lCdLW6lZ3kwW88t7_K6mS9PQW1f1KK62cFf2mW8Tmr446nnXXcVts7tb5mzDhVW7WDMP87gfJKfW47g7TS5r_w7nN6VlN1zRG6KhN8dJfphH-R9xW8pHhs953vZ68W99D9p24tmx7bW6TkGC-4DJ7HVW2LlK2g7RXWdpW64hNFm2jLlSLW44b5DD8y5BQbW7ykzx-5BKVLBW9jhc_m20HSX3N4jgkTWBYJ3DW496Mqj5xNPSQW1XX_Z86tq7P_W5hW3R13yf7BWW5Gf8HH1_mTj7W3n48Yd3hj2lwVZJRBq5DKKTvW3fK6_s2rbvP_f3CL6Zz04) --- ### **R&D Credit** --- **1.** [**Set R&D % in Bulk**](/help-center/rd/target-rd-percent) **-** One-click to set target R&D percentage for multiple expenses. System automatically distributes percentage across qualified R&D business components based on the proportion of qualified employee expenses. --- ![Screenshot from August 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_Na7AmVxZ0MmuxiLtrpsfw36LSezJjY7XIuMWxfQGwpHPmkcTLcSkQJ_Km2prYUA85GgNwVmGOtl97qATYBDC3JgUmUveFya1p6hlS1_cg-3-7AzN_LJPWAu94pzxkylX7OfYrfhdeHxqVaDRrQtzw1mcmvONrNdy8LXihUdeIZtJ_Y5EgJVKrecPW9ZcjNxTjK-sK7fhBq_42nHmNPyuD2plDMbdSU=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Group%20316132882%20(1).png?width=520&upscale=true&name=Group%20316132882%20(1).png) --- **2. Timesheets (Beta) -** Upload Timesheets/Timetracking to calculate R&D expenses. Combine with unstructured documents to qualify R&D projects. *Tailored for Manufacturing Industry.* --- ![Screenshot from August 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NamH9dKNksiGTrQRnESC1iKWGEgZxsnGXf3OIQ5Dw2mfCqcjE_qv0aIU2qwOjFbgUl04N_Aa6cq84xalB4snM90KYLLxRtb6DkQL7PQv44kWcy-tUMvoHcPEKdboCPtQHfGHf9VrkMG1CUTTBh31J7RgIeigZz3uBTgFiWIy1XVddbveTuJC2csOgRIg4cn16tXEnGd7VsL_lCy92TUC4hLctgp6Qs=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Group%20316132881%20(1).png?width=520&upscale=true&name=Group%20316132881%20(1).png) --- **3.** [**Streamlined JIRA File import & Validation**](/help-center/ticketing/jira-export) **-** Visual column mapping with easy review process. Autofixes data formatting issues. Clear identification of missing data for quick correction. --- ![Screenshot from August 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NY88F4LVakC6dfD9umi89ZpP53lR2SRTNLMWb7Nc4LW77fMVwOkfmaB6HPHHmy6RnAvASEaD0DBx3TyutUDSZsBtAiOa0gCqKd_VU-pVo_wjXL_LrlUsBJopSNhEh4AzXD6nymR6V96EhEFjoyEKDUq7ZnWfS_CV-9Qm7fhamhqxsoYNQcl1BmM8c2suP5DqU8PkUtxo92hqinjzttqJU2QJHRVwxA=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Group%20316132877%20(1).png?width=520&upscale=true&name=Group%20316132877%20(1).png) --- 1. **Find missing R&D contributors** - R&D report now shows every person with project allocation, before and after uploading payroll. Easy to find and address unmatched employees or contractors & maximize R&D $. --- ![Screenshot from August 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NYwaGdhsjUMSQt9IHlSZcDF3O5BdtHPNNSJ1goPrfSBADdNryomDfeL38f9pvrxHKn0HNFDY5LdejU2h0-z619p_-rwJnvFZ_joyMCrK0IJdYycGtMiNyAKmZeORFPLUMiyWWnWQfsFhx0i_CKXm4IIVxC9PNd1Nlfkt9xf3TGWvKmOhQFWWUPZAQWrNj8ZBZa17EC4PTA50nw=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Group%20316132879.png?width=520&upscale=true&name=Group%20316132879.png) --- ### **ASC 350-40:** --- **1. Set Capitalized % in Bulk -** Set Target Capitalized % for senior employees, or product/design. System smartly applies proportionally to capitalized projects, by month proportional to the rest of the team. --- ![Screenshot from August 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NbGuLZellnaezoGTnOYkrweA_5rmwa916QIftg5My3XGESlAnlll3emYQLQp7n08LGSTO5M75wR5PuPpG39yHk1jwtpFCE80zN5Jbh2br5XvTnzaxufZX2fq-7C3iYnYgoQKvQzyG-YEXmoYt3QmAL3fFjG4A4q8KLOiQse270JyD4q8fnDnL7AgPVARZRE7x5iENqnS6FGWu92xGYDejpbDfcdtOE=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Group%20316132883%20(1).png?width=520&upscale=true&name=Group%20316132883%20(1).png) --- **2. Engineering-Friendly Excel Export -** Non-financial Engineering leads can now download ASC exports with $ hidden, enabling engineering leads to review projects and allocations directly in Excel. --- | | | --- | | | ### **Platform Enhancements:** --- **1. Faster Loading -** Wages/Cost pages now load in 1-2 seconds even for companies with thousands of projects and employees. --- **2. Assign Project Owners for faster Engineering review -** Track who is responsible for reviewing projects. Coordinate across teams and departments. --- ![Screenshot from August 2025 product update](https://ci3.googleusercontent.com/meips/ADKq_NbXPAHgIWpmGFNeui31GAn1YFRDiuxlXdGm9phJC7EHgEcZL1Hl4HYRsCH-Uml-rIR0xERoNIVxO0O_q28rqov_Z3KTlms4jvKGbcAeWjrYRNR80_K4KzcYMbpxMCdgA9dZ4oFA-HdxTxEkqsaA72HEhj5duN757Eo7fZ5H9TNU44EtJh681nPwzP8k9d0XZnpwb8ZXP1ZOYcg=s0-d-e1-ft#https://hs-14512491.f.hubspotstarter.net/hub/14512491/hubfs/Group%20316132880.png?width=520&upscale=true&name=Group%20316132880.png) --- **3.** [**ISO/IEC 27001 Certification**](https://www.neo.tax/blog/neo-tax-achieves-iso-iec-27001-certification)**-** We’re now ISO/IEC 27001 certified – the leading international standard for information security management. ---