Improve Management, Forecasting, and Compliance by Maximizing Collection of Tax Revenue

The Informatica solution for tax and revenue agencies breaks down data silos and ensures that all tax collection, audit, and revenue forecasting data is trustworthy, actionable, and authoritative. This solution improves revenue management and forecasting, lowers the cost of compliance with tax laws, and increases agency efficiency. By extracting, transforming, and loading data into a data warehouse from a broad range of systems, including legacy mainframes, this solution empowers your agency to implement tax discovery capabilities, integrate tax data with other government systems, safely retire legacy applications, and consolidate multiple revenue management systems into one.

  • Prevent fraud abuse and increase revenues by identifying non-filers, under-reporters, and other noncompliance
  • Improve revenue management by making sure that collection, audit, and revenue forecasting data is trustworthy, actionable, and authoritative
  • Increase citizens' confidence by eliminating inaccurate and duplicate data that compromises your agency’s effectiveness, transparency, and accountability
  • Lower the cost and streamline the process of voluntary compliance with tax laws
  • Enhance agency performance by delivering the timely, accurate data that state and local governments need to create plans and budgets

Tax and Revenue Agency Challenges

Tax and revenue agencies have one priority: to capture and generate the revenues that fund vital government services. But as populations grow and financial systems become more complex, it becomes increasingly difficult to integrate multiple sources of data to determine who owes taxes and fees, how much, and whether those liabilities have been met. These competing sources of data lead to inconsistencies and duplications. As a result, tax and revenue agencies struggle with:

  • Difficulty enforcing compliance with required fees and taxes
  • Inefficient and ineffective revenue management and forecasting
  • Citizens’ frustration and anger due to poor service

Informatica Solution for Tax and Revenue Agencies Key Features

  • Accesses all tax data—in different formats, across multiple government systems, even from legacy mainframes—without having to develop costly custom data access programs
  • Integrates all tax data—from a single record to millions of records—and removes inconsistencies and duplications, then delivers that data to any system in any context
  • Profiles data to deliver a complete and completely accurate picture of the content, quality, and structure of securities data so that data quality issues can be resolved
  • Conducts high-precision, high-performance searches on identity data to find matches accurately and quickly, regardless of language, structure, format, location, duplication, omissions, or errors, to cross-reference taxpayers' histories of transactions
  • Creates a common set of master data across multiple domains
  • Enables agencies to monitor, correlate, and detect certain events to detect and prevent fraud, nonpayment, illicit transactions, and suspicious patterns of activity and receive alerts to take action