The Accenture Analytics Compliance Framework takes revenue agencies to the next level with predictive analytics.
As public sector administrations continue to struggle with mounting deficits, the revenue agencies that serve them face a major dilemma: how to reduce costs while preserving taxpayer service levels and collecting more revenue. Some government agencies are finding success in dealing with this issue by using analytics to help them make more informed decisions, deploy limited resources more effectively, significantly reduce operating costs and drive mission-critical business results.
Advanced technology is enabling improvements in tax processing and increasing the potential of analytics to support revenue agencies. Taxpayers now routinely file their returns electronically, data from diverse sources is accessible and available to agencies, and technology is faster, cheaper and more scalable. Innovations in analytics allow revenue agencies to predict events and behaviors before they occur, which strengthens their ability to plan more effectively.
By capitalizing on the availability of taxpayer data, changing taxpayer behaviors and advances in technology, revenue agencies are able to gain a better understanding of the characteristics and motivations of different types of taxpayers—and an opportunity to influence taxpayer behaviors to less costly channels that provide increased taxpayer benefit. And, by integrating predictive analytics into their core operations, revenue agencies can move from detecting and correcting noncompliance to actually stopping it from happening.