SPSS Business Solutions | Fraud Detection and Prevention

Maximize Tax Revenues

Administrators in tax collection agencies at all levels are looking to modernize their agencies’ information technology infrastructures in order to close the “tax gap,” which is now estimated at more than $300 billion per year in the U.S. alone.

If your agency has been exploring technologies to help address this situation, you’ll want to know more about solutions offered by SPSS Inc.

Predictive analytics solutions from SPSS Inc. have proved to be very effective at helping agencies maximize tax revenues. Using predictive analytics, you can detect non-compliance more efficiently and focus your investigative resources on cases that are likely to yield the greatest tax adjustments.

SPSS solutions help maximize tax revenues by:

Using advanced statistical and data mining techniques that detect anomalies with a high degree of accuracy
Improving model accuracy by Incorporating data from standard databases with other sources, such as text and survey data
Presenting predictive insights in visual formats that analysts and other users can easily understand and act upon
Recommending actions based on factors such as cost effectiveness and likely success rate
Deploying predictive models to a variety of operational systems

Compared to rule-based systems, predictive analytics solutions can identify more subtle differences between tax filers. They also learn from the data they analyze. So, as changes occur in tax laws, in the habits of non-filers, or in your agency’s collection efforts, your predictive solution will continue to uncover the situations most worth investigating.

Learn more about how predictive analytics help organizations improve their effectiveness.

And see how SPSS data mining, text mining, survey research, and statistical technologies support improved tax collection.

Read customer stories and white papers describing how SPSS solutions can help your agency maximize tax revenues.