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CAPABILITY


Revenue Fraud Prediction for public service

Accelerates the investigative process for potentially fraudulent value-added tax refund claims

Overview

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.

Specific Services

The Accenture Revenue Fraud Prediction application leverages our industry knowledge and experience, building on a solid VAT fraud data structure coupled with extensive libraries of established business rules, predictors and harvested code accelerators. Preconfigured data integration, model development and data visualization packages are combined to deliver accelerated VAT fraud insights in an agile manner.

Key Features

  • Prioritized cases for VAT refund fraud investigation based on advanced analytics

  • Built-in visualizations with logical touch points, helping to bring data to life for business user interaction during model development

  • Automated data ingestion and integration for focusing development time instead on analysis and insight generation

Why Accenture

The scalable Accenture Insights Platform provides fast and easy access to an array of industry and functional applications that bolt onto the platform. Clients, in turn, can achieve quicker business results, including times to market. Clients may also benefit from Accenture Analytics’ wide range of capabilities rooted in:

  • Industry. The validity of our advanced analytics outcomes is underpinned by our deep knowledge of the sector.

  • Business. Applications are designed for business users and focused on business results, helping to minimize the complexity often related to advanced analytics. Arriving at accurate outcomes does not require users to have statistical, mathematical or IT knowledge.

  • Flexibility. Applications are based on a framework that can be easily integrated into an enterprise operational environment to enable business process action.