5 Decision Intelligence Capabilities
for Tax Fraud Investigations
Read on to learn about 5 key decision intelligence capabilities and how
they accelerate tax operations.
1. Holistic entities
Best-in-class decision
intelligence platforms
connect data from different
sources into unified entities,
such as an individual,
company, or financial account.
The entity dashboard displays
all information related to an entity (such as tax documents, property
records, invoices and images) and presents the data in widgets (link
analysis diagrams, geo-spatial maps, activity timelines, etc.).
Holistic entities facilitate the detection of non-compliance and
fraudulent activity, help to surface discrepancies, and accelerate
investigations.
2. AI enrichment
AI-powered content enrichment tools, such as textual, image, video and
audio analytics, allow investigators to uncover and gather information
from potentially valuable unstructured sources.
This helps investigators to deepen their understanding of individuals,
companies, and methods of operation involved in suspected tax fraud cases.
A practical example: if a high-net-worth individual reports low income
for the past year, auditors can use image analytics, along with other
data from property records, etc. to determine whether the individual’s
lifestyle corresponds with the reported income. Additionally, image and
video analytics can be helpful in determining primary residence in tax
evasion schemes based on a fraudulently reported place of residence.
AI-powered face recognition AI-powered text analytics
Shifting the
BI Paradigm
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Tax Fraud is
Winning the
Race
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Decision
Intelligence
for Tax
Authorities
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About
NEXYTE
5
Accelerating
Tax
Investigations
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