Launched in July of last year, the Enterprise Data to Revenue Project is 150 percent ahead of predictions which include generating $4.7 billion over five and a half years, according to the announcement. The project replaces legacy tax systems with modern technology to analyze and warehouse data, validate tax returns and significantly enhance compliance. The FTB estimates there are $10 billion in unpaid taxes not collected each year.
"Our partnership with CGI Technology Solutions Inc. is instrumental to our success. It’s great to have the commitment and competence of an organization like CGI and its partners on our team. Additionally, we have the full support of everyone here at FTB, and that’s crucial for the project, today and over the next several years," said Kem Musgrove, Technical Director of the project in a statement.
According to the announcement, the project makes improvements to FTB’s tax collection efforts with these components:
- Early Initiatives: Small projects that include limited changes to current systems that allow better, more effective use of data.
- New Return Processing System: Automates manual processes, enhances capacity to capture and validate data, standardizes processes, and combines personal income tax and business entity tax processing into one system.
- Enterprise Data Warehouse: Makes all data accessible to legacy systems and FTB users.
- Secure Online Taxpayer Folder: Provides FTB staff and taxpayers secure online access to information such as tax returns, payments, and notices.
- Updated Legacy Systems: Updates systems so they will work with the new processing system, the data warehouse, and the taxpayer folder.
