Oracle Introduces Innovative Business Intelligence Solution for Tax and Revenue Authorities
Co-Developed With Wipro, Oracle Tax Analytics Helps Tax and Revenue Authorities Better Understand Operations and Make More Informed Decisions
(firmenpresse) - REDWOOD SHORES, CA -- (Marketwire) -- 07/19/11 -- Oracle (NASDAQ: ORCL)
Oracle announced the availability of , an innovative business intelligence solution that helps tax authorities better understand their operations and make more informed decisions that can lead to better taxpayer service, improved operational efficiency and increased collections and compliance.
Oracle and Wipro Technologies, the Global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE: WIT), co-developed Oracle Tax Analytics to better meet the needs of tax and revenue authorities.
Now generally available, Oracle Tax Analytics consists of three separately licensable products that provide a modular approach to implementing tax business intelligence and meeting tax and revenue authorities' unique information needs. These include:
- Helps tax agencies view and monitor the performance of key performance indicators (KPIs) (i.e., total amount of tax or write-offs collected). The solution also enables users to analyze tax, penalty and interest assessments, as well as outstanding debt and credit allocations for all assessments.
- Provides forms processing managers with operational metrics and reports such as form volumes, seasonal trends, exception reasons and time in error (measures speed to work through form errors) that help identify processing bottlenecks, improve productivity and enhance services to taxpayers.
- Provides payment-processing managers with operational metrics and reports on payments distributed, currently suspended, corrected and cancelled, which helps increase accuracy and speed of payment processing.
Oracle Tax Analytics provides packaged integration to 2.2 by leveraging Oracle Business Intelligence Enterprise Edition, and features. This pre-integrated feature helps reduce total cost of ownership and speeds implementation time.
"As state, local and federal governments continue to deal with tight resources, the need to optimize tax collection processes and improve taxpayer service is imperative. Oracle Tax Analytics provides tax-specific data analytics and KPIs in taxpayer accounting, revenue accounting and other core taxation processes. The application helps government agencies improve revenue collection and tax compliance enforcement. Wipro is a leading player in the business analytics and Oracle applications space, and has strong credentials in the public sector globally. We have worked with Oracle to leverage both of our strengths in helping governments worldwide to improve governance, meet public sector specific challenges and improve citizen services," said Uma Mahesh, vertical head, Government Sector and Education Services Division, Wipro Technologies.
"When facing a challenging economy, tax authorities discover that having effective business intelligence is more critical than ever. Oracle and Wipro have worked together on the development of Oracle Tax Analytics -- a complete solution that helps tax authorities make more informed decisions that lead to better taxpayer service," said Andre van der Post, global director, Tax Solutions and Strategy, Oracle Tax Global Business Unit.
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our Web site at .
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Caroline Yu Vespi
Oracle
+1.650.506.8920
Janice Hazen
O'Keeffe & Company
+1.404.254.5881
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Datum: 19.07.2011 - 12:00 Uhr
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