5. Collaborative investigative workspace
The investigative workspace
aggregates all data and resources
connected to a tax investigation
into a single-pane-of-glass
view, so that analysts can
easily view entities connected
to the investigation, related
intelligence products, and visual
representations of data in one place.
This facilitates seamless collaboration among team members, by allowing
them to share insights, reports and raw data, and makes it easy to surface
new audit candidates based on information from other investigations.
Decision intelligence has enormous potential to revolutionize tax
investigations, by accelerating data-driven decision-making through data
fusion, advanced analytics and investigative tools. Decision intelligence
helps to boost compliance and facilitate the discovery of tax fraud and
evasion, enabling tax authorities to discover more tax evasion and fraud.
4. Risk scoring
Risk scoring combines user-defined criteria with tailored machine
learning algorithms to help determine which individuals or companies
are suspected of being involved in non-compliance or fraud. The system
analyzes data connected to potential audit candidates (company assets,
reported income, past invoice data, etc.), and generates a risk score
based on previous tax evasion and fraud cases.
The combination of user input with machine learning algorithms enables
tax authorities to automatically calculate risk scores tailored to their
specific criteria and requirements.
Business rule input
Risk score for audit candidates
Collaborative investigation workspace
Shifting the
BI Paradigm
2
Tax Fraud is
Winning the
Race
1
Decision
Intelligence
for Tax
Authorities
3
About
NEXYTE
5
Accelerating
Tax
Investigations
4