DAYTON, Ohio--(BUSINESS WIRE)--Dec. 3, 2004--The State of Missouri has selected Teradata, a division of NCR Corporation (NYSE:NCR), to be its partner in the development of its new Tax Compliance System, using Teradata(R) Tax Solutions. The benefits-based partnership between the public and private sectors is projected to recover millions of dollars in additional revenue for Missouri.
"We selected Teradata because of its proven track record in benefits-based tax compliance systems," said Stan Farmer, Missouri Department of Revenue director of taxation and collection. "Our new Tax Compliance System has been designed to improve compliance in the business and individual income tax, sales tax and corporate/franchise tax areas."
The benefits-based partnership means that Teradata will be compensated based on additional revenue recovered by the State of Missouri. Documented results by other states using Teradata Tax Solutions show recovery of millions of dollars in additional income. For example, the State of Iowa recovered over $40 million in additional revenue as of June 2004, a one-thousand percent return on investment, with $10 million a year in recovered revenue expected going forward.
"We are confident that this new program for Missouri will experience the same success Teradata has produced for Iowa and other states, such as Arizona and Texas," said Rocky Blanton, Teradata vice president for the Americas. "We are proud to be selected for this important partnership between the public and private sectors, in which both have the opportunity to benefit - a true win-win for both Missouri and Teradata."
Teradata Tax Solutions are based on the Teradata data warehouse in combination with professional services and programs such as Revenue Opportunity Assessment, which identifies recoverable revenue by tax type and produces accurate revenue recovery projections, Tax Discovery, which is used in the discovery of non-compliant leads, and the Case Management Component, an integrated application that manages, tracks and assists in resolution of all leads for tax compliance and revenue recovery that the solution produces. In addition, Teradata Warehouse Miner is used for ranking and scoring the leads.
Teradata has helped state governments to discover thousands of non-compliant individual and business taxpayers, optimize enforcement resources, improve access to information to better equip state case workers and better serve taxpayers as well as to reduce the effects on compliant citizens.
About Teradata Division
Teradata, a division of NCR Corporation (NYSE:NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions (www.teradata.com) to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability.
About NCR Corporation
NCR Corporation (NYSE:NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata(R) data warehouses and IT services provide Relationship Technology(TM) solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. Based in Dayton, Ohio, NCR (www.ncr.com) employs approximately 28,900 people worldwide.
NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
CONTACT: Teradata Division
NCR Corporation
Dian Terry, 937-445-2225 / Mobile: 937-304-4895
dian.terry@teradata-ncr.com
SOURCE: NCR Corporation