Accenture Component Tax Solutions Drive Additional Revenues Faster
New Solution is Powered by Oracle® and Geared to the Demands of Taxation, Licensing, Benefits and Customs Agencies
RESTON; Sept. 20, 2010 – Accenture (NYSE: ACN) has launched the Accenture Component Tax Solutions to assist government organizations increase revenues through the implementation of new technologies more quickly. As Oracle’s preferred partner for revenue solutions, Accenture has developed a series of technology-led initiatives on Oracle products to increase collections in a short time period.
“The initiatives integrate traditional agency functionality with a strong risk-based approach to processing and service, based on state-of-the-art Oracle technology,” said David Regan, global managing director of Accenture’s Revenue, Customs, Finance & Administration industry practice. “Drawing on Accenture’s high performance model for the revenue industry, the component-driven approach allows agencies to prioritize initiatives within a coherent overall architecture. It enables agencies to reuse their existing investments while building an integrated system for managing revenue.”
“We are excited about the significant return on investment agencies will achieve from Accenture’s proven knowledge of revenue enhancing business processes, supported by Oracle’s industry-leading software solutions,” said Stephan Scholl, general manager and senior vice president, Oracle Tax and Utilities Global Business Unit. “With a long track record of joint public sector projects and unparalleled revenue industry expertise, the Accenture-Oracle team is the optimum choice for administrations seeking a quantifiable return on investment for implementing new capabilities in an accelerated timeframe,”
Based on unique industry insights, Accenture’s Component Tax Solutions can drive quick increases in revenues. The collections focus generally achieves 10 percent improvements in yield with similar real returns from other initiatives such as the identification of non-compliant taxpayers. These innovative solutions can increase agency performance by linking predictive analytics, a consistent user interface, and contact center functionality within an overall integrated revenue solution architecture. Other benefits provided by the Component Tax Solutions include increased operational efficiency, better and more consistent customer service and reduced costs. A broad range of Oracle technology products support Accenture Component Tax Solutions including Oracle Enterprise Taxation and Policy Management.
David Wilson, Accenture’s managing director for its Canada and US State & Local Government practice, will deliver a keynote industry address at Oracle OpenWorld San Francisco on Monday, September 20, 2010 from 11:00 a.m. to 12:00 p.m. in Moscone West L2, Room 2002/2004.
Accenture is a global management consulting, technology services and outsourcing company, with more than 190,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009. Its home page is www.accenture.com.