PwC Intelligent Risk Monitoring Tool; SaaS on Azure: monthly subscription

inden PwC Advisory spółka z ograniczoną odpowiedzialnością spółka komandytowa

Automatic verification of business partners, based on data from multiple sources.

As a Company, how do you ensure your partners are not involved in tax fraud? Are you OK to be fined by the Tax Authority for not doing proper due diligence on them? This SaaS application assesses all your partners and gives you counterparty assurance. Created by PwC’s tax experts with decades of experience and knowledge on the practice of the tax authority and courts, you can minimize the risk of being involved or sanctioned in tax fraud investigations.

PwC Intelligent Risk Monitoring Platform is a partner portfolio screening and risk assessment SaaS app to assess partners by legal, financial, and tax aspects. Based on a data lake of many information sources, the platform allows Clients to ensure that their counterparties are reliable and risk-free. Currently, our Clients are able to prevent Tax Authority tax fraud fines as the platform provides an appropriate level of assurance, accepted by the Authority. Our goal is to scale this platform with the existing VAT focussed risk assessment. And we have already started to incorporate new assessments, prominently Counterparty ESG Due Diligence, Forensic Due Diligence and other Procurement related tests into the platform. The key is the flexibility: weights and tresholds of the different tests can be easily adjusted according to the relevant use case.

Some additionals details about the currently available risk assessment use case: when the tax authority carries out tax audits of chains of suppliers in order to detect potential tax evasion and to ensure the correct VAT deductions are being made, it focuses on whether the taxable person who acquired the goods has conducted “due diligence” on its suppliers. It, therefore, examines, among other things: whether the taxpayer examined its suppliers and with which criteria, when such an examination was performed, what the outcome of the examination was, and whether the taxpayer can present any proof of the examinations performed.