Proven compliance practices and superior collection and recovery processes deliver spectacular improvements in revenue performance. Risk Analysis in multiple dimensions enables agencies to identify potential declaration fraud and initiate appropriate risk-based interventions, ranging from educational visits to enforcement and prosecution, improving both confidence in the taxation system and voluntary compliance. Risk Analysis can also be used to differentiate between debtors, optimise automated recovery processes for low-risk compliant debtors, and determine the best intervention for less-compliant debtors earlier in the compliance and collection process.
The Risk Analysis capabilities of the INTRASOFT Compliance Suite accurately identify deviant and potentially non-compliant taxpayers/debtors and prioritise the appropriate intervention cases ensuring that resources are focused and utilised where the most benefit (monetary or policy based) can be obtained, and cases that are uneconomic to pursue are identified and dealt with accordingly thereby, improving productivity and efficacy. The risk analysis components can incorporate advanced analytics and predictive models to provide insight to behaviour, a client’s ability to pay, and payment risk using debt delinquency metrics (e.g. Altman-Z score).