The state of Texas has started using predictive analytics in an effort to determine which delinquent tax accounts to spend the most effort and resources on, according to an executive at Elite Analytics LLC, an Austin-based accounting firm specializing in compliance analytics.
“The area of collection management has been one of the most prominent for the application of predictive analytics,” said Dr. Daniele Micci-Barreca, adding that proper prioritization of delinquent accounts – those running from $200,000 to $300,000 annually — helps the state determine which accounts to concentrate on.
Iowa and Canada use similar predictive analytic methods, he said.
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