
CronoMagic developed R&D Coach with the collaboration of KPMG R&D
Group. This is the most comprehensive software of its kind to fulfill all the
needs of R&D Management and Tax credits for Canadian companies. R&D
Coach is a trademark of KPMG Canada.
Click on R&D Coach logo to visit
http://www.rndcoach.com.
Gathering of supporting Documentation
- Industry-standard time sheet system.
- Choice of Daily, weekly or monthly time sheets at the employee level.
- Quick data entry system for time sheets including templates for repeated time
entries.
- Gathering of time and cost by project, activity and sub-activity.
- Linking of technical and other documentation to time sheets and projects.
- Pre-written narratives (keywords) to describe work performed.
- Time sheet control system (calendar view) to alert users when time input is
missing.
- New in Version 1.75- Introduction of a lite customer billing system.
- New in version 1.75- Ability to post all unposted time entries for several days
in one click .
Project Management
- Divides projects into sub-projects, activities and sub-activities
- Budgets labor and other costs by projects and activity
- Compares labor and other costs with actual costs
- Gathers technical information for projects and activities
- Gathers information to prepare the technical reports by projects automatically
- Links technical documentation to projects
- Sets deadlines for the completion of each activity and sub-activity
- Retains project information for projects overlapping more than two taxation
years
- Allows gathering of data on non-eligible activities such as R&D done
overseas and marketing
- Allows conversion or reclassification of non-eligible activities into eligible
activities (and vice versa) and changes the time sheet entries retroactively at
the option of the user
- Library of standard activities to avoid retyping when setting up new projects
- Creation of templates to import activities from other projects- a time saving
feature
- A tree view report to see the components of each project, e.g. activities,
sub-activities, documents attached, resources assigned etc.
- Built in option for customized module
Other Costs Module
- Intelligent cost module which determines the rate of eligibility for each
expense item
- Configurable for each cost category as to rate and portions of eligibility
- Provides overriding features for goods and services acquired from related
parties
- Permits the entering of non-eligible costs to keep a record on total costs
- New in Version 1.75- Library of supplier's names to speed up data entry
- New in Version 1.75- Ability to import data from other applications
Training and Ease of Operation
- Optional tool tips for each menu button to learn the functionality of each
button
- In the project module, the technical people are taught how to complete the
scientific sections -e.g. advancements, uncertainty etc.
- A complete help module (F1) along with Revenue Canada interpretations
- Instantly bilingual
- New in 1.75version -Introduction of Outlook/Excel/Word type configurable menu
- New in 1.75 version - Introduction of a floating tool bar menu
- New in 1.75 version - User access level extended to custom utilities and
reports
Security and Approval Features
- Assignment of access privileges at the employee level to protect confidential
information
- Filtering of information on certain screens to allow partial access
- Denies modification of previously entered time sheets at the option of the
supervisor
- Denies entering of time into the completed fiscal year (lock feature)
- Allows the entering of dummy salaries which can be corrected at the time of
filing
- Setting up of departments and assignment of employees to the departments
- Assignment of projects to employees denying them access to other projects
- 128 Bit high security data encryption (Available on demand)
- Naming of a (or multiple) supervisor for each department enabling him to
approve and access the time sheets of departmental employees
Report Generation
- Built in Report writer to produce quick reports
- Built in Word mail merge utility to produce reports in Word
- Template to produce technical report in Word
- Accessibility of data via Excel and Word
- Availability of a third party query wizard (advanced report writer) configured
to R&D Coach
- New in Version 1.75- Ability to export report data into various format (Text,
Excel, Dbase, Word etc)
- New in Version 1.75- Addition of new management reports -e.g. missing time
sheets
- New in Version 1.75- Print your company logo on reports
Communication Features
- Data entry through a remote location
- New in Version 1.75 - Built in e-mail and instant messaging among users
- New in Version 1.75- Ability to pack and send data files to your R&D
advisors for review
Tax-related features
- On-line preparation of form T661 for tax return preparation
- Calculates proxy amount by employee
- Takes into account proxy amount restrictions for specified employees
- Captures taxable benefits and bonuses for R&D pool and ITC purposes
- Allows picking up support staff at the Quebec level in case of proxy election
- Prevents the inclusion of bonuses into the R&D pool for specified employees
- Captures entire salaries of employees who work 90% or more on R&D
activities
- Calculates Québec R&D wage tax credits and other Québec R&D incentives
(e.g. 40% credit for universities).
- Computes Québec R&D wage tax credits for sub-contracting work done in
Québec
- Computes Ontario Super Allowance and the Ontario Research Tax Credit
- Keeps track of restrictions on non-arm's length transactions
- Computes on-line investment tax credits (ITC's) both at the federal and
provincial level
- Prevents the entering of overhead costs where proxy is selected
- Capable of comparing the ITC computed through the proxy and traditional methods
- Determines the eligibility for 35% tax credit rate as well as 40% rate for
Quebec
- New in version 1.75- Introduction of new Quebec tax rules for super deductions
etc
- New in Version 1.75- Introduction of B.C. R&D tax credit
Technical Features
- Automatic updates on local workstations by remote server for all users once the
newer version is installed on the network
- 32 Bit Window 95/98 and NT 4.0 compatible graphical user interface
- Operates on any network that supports Windows 95/98
- Windows 2000 ready
- Supports one billion records per data file
- Accepts 1280K of data per record
- Record seek (search) time 1/10 seconds per one billion records
- Uses standard data base files
- Ability to setup an employee at departmental level or company level
- Company and User level language setup
- User level multi-function security access
- Supports unlimited number of users concurrently (If your license allows it)
- Prevents same user logon from two different stations to prevent the confusion
and data loss
- State-of-the-art Windows 98 -compatible HTML bilingual help with Web
connectivity
- Multi-level fail-safe time sheet data entry
- Local backup of time sheets on users hard disk (Employee level)
- Four styles of user configurable tool tips
- Progress bar indicator shows status of work-in-progress
- Custom report writer helps create virtually any kind of report in minutes
- Features calendar, calculator and user diary
- Capable of linking with any other program on record level
- Built-in Re-index and Optimize utilities
- Prevents data loss in case of power failure (On network stations)
- New in version 1.75 -Built in reminder for schedule tasks in user diary
Technical Support and Customization
- One year free telephone technical support
- Bilingual help desk is available on web with all sorts of technical information
- Users can sends the questions directly to technical support via time sheet help
- Personalized web based help desk for each customer by password
- Reasonably priced customization
- Customization will be upgraded free of charge in newer versions (If required)
- Downloading of newer version through the web
- Utilities for restructuring of data to adopt the newer version
- Automatic updates on local workstations by remote server for all users once the
newer version is installed on the network
List of Future Enhancements
- Web based time entry system
- Employee scheduling system
- Gantt Charts
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