About RedCloud Technologies:
London-based RedCloud Technologies helps FMCG brands to understand and expand in emerging markets.
Most FMCG brands have long had to rely on limited, outdated insights for strategic decision-making in emerging markets.
RedCloud is eliminating complexity, removing the barriers to trade and providing equal opportunities to all stakeholders across the supply chain.
Simplified payments, actionable insights from the market, and access to thousands of consumer products at the touch of a button – it’s all possible with RedCloud.
RedCloud’s Intelligent Open Commerce Platform provides the in-depth, live insights needed to make data-driven decisions and gain a competitive advantage in the market.
The future of commerce is Open!
How we helped:
When working with RedCloud Technologies, we began with quick introductions to explain the R&D process and set target completion goals for both the tech and costings elements of the claim to balance expectations and ensure we meet our deliverables promptly.
Next, we conducted several deep-dive technical meetings with the competent professionals responsible for each project. This enabled Myriad to thoroughly analyse each project to understand their innovations and collect all the necessary information related to each research and development endeavour. Given our years of expertise, we quickly and correctly identified all qualifying activities for their R&D tax relief claim.
This helped us carefully document each qualifying project's technical details, highlighting the innovative aspects and challenges overcome during the process. Our cost team simultaneously analysed the company’s cost base, making sure of compliance against tax legislation. This resulted in a fully optimised claim report successfully submitted to HMRC.
The reward:
RedCloud Technologies received a rightful tax refund from HMRC, which will enable the support of further development activities for the company and future investments into innovative projects to advance its software technologies.
In our journey to redefine the e-commerce landscape, RedCloud Technologies embarked on an ambitious project to leverage AI technology to enhance our e-commerce platform. Our collaboration with Myriad was pivotal in securing R&D tax relief from HMRC, which helped propel this initiative forward. The Myriad team's expertise was instrumental in navigating the R&D Tax credit application process. Their exceptional skill in articulating the innovative aspects of our AI-driven project, coupled with their comprehensive understanding of the funding landscape, significantly contributed to our success. Their optimism and resilience, especially in moments of challenge, were supportive and genuinely inspiring. All of this resulted in us successfully securing funding, and we look forward to working with Jillian and Myriad again in future.
