Business Integrity Solution

Detect, investigate and prevent business non-compliance with efficiency and precision

Non-compliance, including unpaid taxes and failure to obtain required licenses and permits, is a large and quickly growing source of revenue losses for government agencies.

Small-to-Medium-Sized Business Non-Compliance is Becoming a Large Problem
  • Nearly 900K businesses are created in the U.S. each year—the most ever2
  • 48% of small business income is under-reported3
  • More small businesses—more non-compliance—more lost revenues4

Key government agency challenges

  • Government business data is often isolated bits of information siloed by data type, agency and jurisdiction

  • Many agencies have limited resources and aging technology

  • Because business data is self-reported and erodes quickly, it's easy for businesses to withhold information and hide relationships

  • Agencies often have limited insight into business' behaviors, assets and connections

The power of a single platform
LexisNexis® Business Integrity Solution links internal and external agency data with LexisNexis data through a single, powerful, web-based platform. This comprehensive data exchange removes data barriers by providing centralized access to business data contributed by agencies all over the U.S. combined with LexisNexis data that includes over 200 million businesses and over 3.2 billion business connections.

Business Integrity Solution also provides advanced analytics and data linking technology that provides a detailed view of each business, including relationships, connections and associated individuals. With an unprecedented level of transparency into businesses and their practices, agencies can greatly enhance the effectiveness and efficiency of audits, investigations, collections and inspections.

1 http://www.ssc.wisc.edu/econ/archive/wp2011-1.pdf
2 Bureau of Labor Statistics, Private sector establishment births and deaths. Note that only 800K businesses are dissolved each year.
3 GAO Analysis of S corporation NRP data
4 http://www.tbo.com/news/crime/focus-on-refund-fraud-hurts-other-irs-efforts-20160327/

Benefits

See. Understand. Act.

Business Integrity Solution is a government-only exchange that integrates and analyzes in-agency data, other agency data, and billions of LexisNexis business records—combined. This aggregated database is the foundation of a complete solution offering agencies a variety of valuable benefits.

  • Break down data silos to reveal hidden insights made possible by a holistic perspective
  • Put low-quality and/or disparate data into collaborative context to improve accuracy
  • Identify links between seemingly disparate business records from different agencies, even when records have no common unique identifier
  • Visually map and clearly understand the relationships between business entities and related individuals
  • Unravel the complexities of business hierarchies and ownership
  • Uncover indicators of under-reporting businesses
  • Proactively monitor and spot indications of business owner identity fraud
  • Score risks and prioritize casework investigations
  • Gain access to a wealth of actionable information while preserving agency resources

Get it now: for more information about Business Integrity Solution, please call 866.528.0780.

Features

Data. Analytics. Answers.

Business Integrity Solution includes a wide range of features designed to provide government agencies with the data and data technology necessary to achieve a comprehensive, high definition picture of businesses. Key solution features include:

Access to insights and information

  • Real-time web-based access to billions of business records
  • User-friendly tools to filter, search and analyze the data in a variety of ways
  • Ability to group businesses by relevant factors and flag revenue “outliers” within each group
  • Visual maps of business family trees
  • LexisNexis flags and scores to detect fraud and other risks and prioritize casework and investigations

Data enhancement
By using LexisNexis business data as a foundation for comparison, agencies can maintain good data hygiene and ensure their own internal data is accurate and complete.

Clean up data and fill in gaps

  • Find blank, poorly formatted data
  • Ensure deliverable mailing addresses
  • Ensure physical addresses are real

Add expanded business data

  • SIC/NAICS Codes
  • Additional executives/responsible parties
  • Additional FEINs
  • Additional locations, holding companies and/or headquarters nationwide
  • New contact information

Evolving capabilities
Additionally, Business Integrity Solution will grow and improve with every update and additional exchange member.

Security
Business Integrity Solution is only accessible to authorized users at state and local revenue-generating agencies. LexisNexis applies award-winning data security protocols and maintains very strict credentialing standards for access. To ensure data is protected Business Integrity Solution leverages:

  • More than 150 controls to prevent unauthorized access
  • Continuous back-end monitoring to detect suspicious activity
  • Credentialing to verify access only granted to legitimate users
  • No hardware or software to buy
  • No onsite engineering

Get it now: for more information about Business Integrity Solution, please call 866.528.0780.

More Information

Literature

  1. Business Integrity Brochure

Contact Us

For more information about our solutions call 866.528.0780 or contact us online

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