August 2025 Summaries

Finch has significantly advanced its mission to create a unified infrastructure for the employment ecosystem during the second quarter of the year, achieving notable growth and reliability improvements. The platform's expansion has led to a 30% increase in active employee connections, with three major Fortune 500 companies choosing Finch as their infrastructure partner. By supporting over 250 HR and payroll systems, Finch has broadened its reach and facilitated larger deals for its clients, such as Matter, which saw a 67% increase in average deal size. Key investments have enhanced platform reliability, reducing authentication disruptions by 80% and maintaining continuous access for 90% of connections. Finch's infrastructure now supports major retirement plan administration platforms, captures a significant portion of the ICHRA market, and offers faster benefits processing, including real-time processing for ADP Run integration. Designed with developers in mind, Finch has improved dashboard visibility, expanded data access features, and provided tools for easier integration building. The company is poised for continued growth with its robust, enterprise-ready platform and ongoing commitment to powering all facets of work.

Thoropass, a comprehensive compliance, audit, and assessment platform, emphasizes automation and integration to streamline risk management for businesses. By partnering with Finch, Thoropass has significantly expanded its access to HR systems, reducing engineering hours and associated costs while enhancing its ability to secure large enterprise contracts. Finch's unified API model allows Thoropass to integrate new HR systems swiftly, transforming its approach from in-house development to leveraging specialized platforms, which has proven beneficial in maintaining a competitive edge. This partnership not only facilitates real-time compliance monitoring and evidence collection but also supports Thoropass's strategy of integrating data across various domains to enrich the audit experience. As Thoropass scales, it aims to leverage the extensive data collected to further enhance auditing insights, underpinned by Finch's robust API infrastructure.

The recent passage of the One Big Beautiful Bill Act (OBBBA) has significantly expanded R&D tax credits for businesses, allowing them to deduct research and development expenses from their current tax year, reversing a prior requirement to amortize these costs over five years. This legislative change has increased demand for tax credit service providers, particularly among small and medium-sized businesses that may not be aware of these benefits. Companies like Arvo and Neo.Tax are leveraging automation and integrations, such as payroll systems, to streamline the R&D tax credit process, offering tech-forward, affordable solutions that minimize client effort and enhance data security. These integrations are crucial as employee wages constitute a significant portion of eligible R&D expenses, enabling service providers to efficiently calculate credits and expand their client base. With the opportunity to claim retroactive credits limited to this year, businesses are urgently seeking providers who can quickly and effectively maximize their savings through these enhanced tax incentives.