July 29, 2013 | ATLANTA, Georgia
Tax Agencies Uncover Two Billion in Revenue Using the Award-Winning Teradata Tax Compliance Solution
GovTek honors big data leader Teradata for vision, innovation and accomplishments that improve economics for government
At a time when federal and state budgets are tighter than ever, many are looking for ways to effectively improve taxpayer compliance and customer service issues to recover unpaid or under reported tax revenue. Teradata (NYSE: TDC), the analytic data solutions company, today announced that eight tax agencies across the nation have now recovered a combined $2 billion in tax revenues from non-compliant filers using the Teradata Tax Compliance Solution.
The recent recipient of a GovTek Solution Provider Award for Excellence in Industry and Government Collaboration, the Teradata solution delivers a single view of the taxpayer and audit process to revenue agencies using a combination of people, processes and powerful database technology. Sensitive to budgetary constraints, Teradata shares the risk with customers by using a benefits-based procurement model.
“Teradata partners with government agencies to offer complete, comprehensive and accurate programs for every major tax category through our Teradata Tax Compliance Solution,” said John Burke, Vice president, Teradata Industry Marketing. “These tax categories include: sales and use, corporate and franchise, withholding and individual, and business taxes. Our tax solutions are built around a Teradata Tax Data Warehouse, which is an integrated enterprise data warehouse that provides management information, analytical applications and business intelligence to dramatically improve a tax agency’s performance.”
Teradata’s closed-loop solution includes the Teradata Integrated Data Warehouse, a logical data model for optimal integration and organization of the data, Defined Business Intelligence Applications (DBIA’s), advanced analytical models for Scoring, Ranking and Audit Selection, Business Object reports, a case management system for workload and process optimization, and knowledge transfer from Teradata to agency personnel.
A complete solution, the Teradata Tax Compliance Solution provides a comprehensive look at an agency’s total business. The result: Agencies now have access to the previously hidden insights needed to better administer and manage the tax and financial issues a tax agency faces every day.
Today’s announcement was made at the 2013 FTA Technology Conference and Exhibition (Federation of Tax Administrators) event in Atlanta. For details, click here.
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the Government Technology Research Alliance & GovTek AwardsThe Government Technology Research Alliance (GTRA) provides government leaders a forum to collaborate, strategize and create innovative solutions for today's most pressing IT needs. The research used to drive curriculum for all GTRA initiatives is grounded in the knowledge gleaned from the GTRA Council, a group of over 120 well-respected government executives who specialize in areas including Infrastructure, Cloud Computing, Cyber Security, Defense IT, Health IT, Workforce Management and Sustainability. Through its regular council meetings, GTRA provides required continuing education (CEUs) for government executives and helps identify affordable and effective technology solutions. GTRA’s GOVTek Executive Government Technology Awards recognize government and industry IT leaders whose vision, innovation and remarkable accomplishments have improved efficiency, the delivery of government services, citizen engagement, information sharing, and national security.
About TeradataTeradata (NYSE: TDC) helps companies get more value from data than any other company. Teradata’s leading portfolio of big data analytic solutions, integrated marketing applications, and services can help organizations gain a sustainable competitive advantage with data. Visit teradata.com. Teradata and the Teradata logo are trademarks or registered trademarks of Teradata Corporation and/or its affiliates in the U.S. and worldwide.