Easily investigate suspicious entities with automated scrutiny and powerful analytics
Tax Authorities
Revenue authorities face major challenges with tax collection. Reduced participation, under reporting of income, over reporting expenses, and complexities with indirect taxes cause great loss to the government and economic stability of the nation. Investigation teams and tax audits are crucial to identifying fraud and increasing participation. However increasing complexity of business and reliance on manual processes stalls these efforts.
iAcuity empowers investigation teams with automated analytics to identify anomalies and potential tax fraud. Analyzing bank statements and company books provides Tax Investigators with details on financial health, income and expense trends and potential red flags. Investigators can focus their attention on suspicious entities
Adopt an Automated Approach to Investigations
No more stress of cleaning and normalizing data
Improved consistency and accuracy of analysis by reducing scope for human error
Automatically brings red flags and suspicious behaviors to investigators' attention – No need to scrutinize every case
Benefits
Upload data in any digitally readable format. No more data transformation, normalization, and cleansing efforts. Fund Trail automatically validates data and starts analysis.
Analyze billions of transactions across multiple accounts, bank statements and ledgers. Fund Trail is the perfect tool for complex analysis involving millions of transactions.
Fund Trail helps follow the money trail. Investigators can easily see unreported related party transactions, diversion of funds or underreported income.
Detect accounting fraud and missing ledger entries. Fund Trail provides a detailed transaction by transaction comparison and reconciliation between ledgers and bank statements.
Track changes in revenue, expenses, inventory, and other parameters of the business over the investigation period.
Built in case management allows each investigators to manage multiple investigator at a time.
Data privacy is critical especially when entities are under investigation. iAcuity uses advanced encryption techniques to ensure data is only accessible to authorized personnel. Furthermore, Fund Trail monitors user activity and data access logs to provide a security audit for each case.
Fund Trail can be deployed in the cloud or on-premise providing agencies with flexibility of deployment.