As deceptive schemes continue to increase and morph quickly to stay under the radar, public service organizations need a cost-effective way to fast track the analytics enablement journey to develop an improved fraud detection capability. The Accenture Revenue Fraud Prediction application is designed to help provide an innovative solution for accelerating value-added tax (VAT) fraud detection.
The application leverages Accenture’s established methodology for advanced fraud analytics while providing a visual experience. Data science or model managers can improve audit efficiency and effectiveness for their organizations by gaining increased insight into operations and key performance indicators using various analytical tools, including rules, networks and predictive models. With a heightened awareness and understanding of model performance, model managers can take swifter corrective action to help optimize the detection process.