This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Tax Agencies Uncover Two Billion In Revenue Using The Award-Winning Teradata Tax Compliance Solution

Stocks in this article: TDC

ATLANTA, July 29, 2013 /PRNewswire/ -- 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 underreported 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.

(Logo: http://photos.prnewswire.com/prnh/20130716/CL47933LOGO)

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs