HMX Tax Intelligence System (TIS)

This TIS applies goal-directed situational reasoning to enhance decision support in detection and assessment of fraud and anti-corruption.  The TIS Microsoft Power BI desktop file, available upon request, demonstrates how insights generated by TIS can drive dashboards of overview data, real-time tax monitoring insights, and learned non-compliance patterns.

Real-Time Tax Dashboards

In combating fraud and corruption, Tax Officials depend on accurate, time-sensitive dashboards to provide a high-level view of activities, audit personnel, and tax revenue data related to compliance. This includes real-time data where it is available. HMX TIS uses artificial intelligence with tailored displays to fit your organization’s needs. Examples include tax auditor case management information, tax submission rates by quarter and tax region, numbers of critical issues currently outstanding, and summaries of TIS analytics.

Real-Time Monitoring

Tax Auditors depend on actionable data that supports their mission. In the age of Big Data, it’s important not to burden auditors with irrelevant information. Focusing on relevance means displaying only situation-specific information with visuals to highlight the most relevant aggregations of data auditors need for effective compliance management.

Real-time displays provide goal-relevant, situationally focused, and actionable findings. The displays are active, changing as new data arrive with lists of suspect entities (taxpaying vendors in this case), selection buttons for data exploration, and geospatial maps. With the TIS scenario playback in the example Microsoft Power BI desktop file you can see sales suppression of suspect entities based on TIS fraud assessors including cash-to-credit ratio trends. Using Power BI’s interactive drill-down features you can further inspect specific entities.

Machine Learning Improves Tax Analytics

Tax Analysts continually find patterns of behavior that result from changing business models, tax laws, and economic conditions. Noncompliant entities find new ways to avoid detection and the torrent of Big Data amplifies the problem of detecting new forms of fraud and corruption. Artificial intelligence with machine learning addresses these issues by regularly assessing data to determine if new patterns of noncompliant situations emerge - even when human experts can’t. The HMX TIS includes predefined rules and models, tailored by tax experts, to help identify patterns of data requiring investigation and, over time, TIS seamlessly augments the workflow of Tax Analysts to adapt to the new patterns.