Numbers and tech go hand-in-hand, and that’s a fact. When you combine a company that specializes in financial services with AI and technology, not only will you make the workflow smoother, but you will also reduce the costs. You just need the right talents to make it happen, and LyRise made sure of that.

BACKGROUND

Neo.Tax is a fintech company based in California that automates taxes for startups and small businesses starting with the research and development tax credit.

THE PROCESS

Neo.Tax came to Egypt and met with LyRise as they were looking for a Natural Language Processing Engineer. They wanted to improve their R&D tax credit benefit prototype to help companies in the US leverage the government’s tax credit regulations to get tax-free benefits on their R&D.

The talent required in Silicon Valley, where the company is originally based, is just unaffordable and extremely hard to acquire. Neo.Tax was already working with recruiters to find the desirable talents, but no one was able to propose possible candidates that fit their requirements.

RESULTS

LyRise stormed in and had their first interview with Neo.Tax. In less than a week, LyRise was able to match them with a fractional team of three full-time candidates with a diverse set of skills and many different specializations.

LyRise was also able to provide Neo.Tax three AI talents for the price of one conventionally hired full-timer. They ended up saving more than 60% of the cost and time spent on conventional hiring processes.

On top of that, LyRise experts helped Neo.Tax manage the new team in terms of business policies, product, and technical information. 

As a result, LyRise was able to provide a minimal critical module for the classification of accounting labels with 93% more accuracy while reducing acquisition costs and time by 50%.

When asked for his feedback, Ahmad Ibrahim, Founder and CEO at Neo.Tax, stated: “The LyRise team has been absolutely incredible and have scaled with our needs very well, making adjustments along the way to ensure their solution matched our requirements perfectly.”

This could be you next, if you choose to rise and go with LyRise. Sign up for a free AI Consultation with our experts.