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Fast Enterprises and KXEN Partnership Provides “Self-Service” Predictive Analytics Solution to Government

Fast Enterprises, LLC (FAST), the creator of the first off-the-shelf, integrated tax processing software, and KXEN, the leading provider of predictive analytics for business users, have established a partnership to provide government organizations with a comprehensive and intuitive solution for developing and deploying predictive models that can be used to help identify fraud, estimate revenue, improve customer service, and enhance overall government program administration.

The partnership combines the two companies’ industry-leading software products, FAST’s GenTax® government program administration software and KXEN’s InfiniteInsight™ predictive analytics solution, to put the power of data mining and predictive analytics into the hands of those who know government business best—an agency’s business analysts, subject matter experts, and other program administration professionals.

Three U.S. state tax agencies have already incorporated the solution into their GenTax®-based systems, providing agency personnel with a powerful toolset for developing predictive models and adding a new level of insight into the agencies’ tax administration business processes.

“We evaluated a number of predictive modeling applications to complement the robust data analytics and discovery capabilities in GenTax®,” said Martin Rankin, FAST’s managing partner. “It became clear that integrating KXEN with GenTax® offers the greatest value to our clients,” he said. “The combined solution provides them with a cost-effective means of developing their own predictive models and data analysis based on the data stored in GenTax®.”

KXEN’s InfiniteInsight™ delivers an automated approach to modeling. To build predictive models and perform data mining analysis, users only require an understanding of the problems that need to be solved and access to the data that is used to build or train a model. This makes the solution perfectly suited to government personnel who are highly knowledgeable about their agency’s business issues and have quick access to data through GenTax®.

Agency personnel can quickly and efficiently develop, refine, and apply models that deliver measurable results. This “self-service” approach can be conducted by personnel who do not have formal training in statistics, allowing agencies to adopt a progressive and ongoing strategy for integrating data analytics and predictive modeling into their business practices. This is typically more efficient and cost effective than hiring consultants to develop custom predictive models that become less relevant over time and can ultimately become obsolete.

“Government agencies are in search of technology to help them improve decisions and derive more insight about their business processes,” said Bruno Delahaye, senior vice president of business development for KXEN. “Through this partnership, we are delivering a specific, integrated solution for government that can be used by a government agency’s existing staff. This self-service approach empowers the users who know the processes best, saving government time and money and delivering value more quickly. Reducing fraud and unnecessary tax audits are just two examples of how the solution is delivering value to government agencies, and, by extension, to taxpayers.”

James Harrison, a FAST founding partner, said the arrangement with KXEN complements FAST’s strategy of developing shared solutions that collectively benefit FAST’s clients. “Many agencies have successfully used our Data Warehouse and Discovery modules to collect hundreds of millions of dollars in new revenue,” Harrison said. “Often, the GenTax®-based discovery plans that have proven successful for one client agency can be used to the benefit of other agencies. Now our customers can share models and collaborate with each other in the data analytics space using KXEN’s predictive analytics software.”

About Fast Enterprises

Since 1998, FAST has been working with city, county, state, provincial, and national governments to implement integrated solutions used to administer a wide variety of tax, revenue, and unemployment insurance programs. FAST has over 350 professionals engaged in on-site system implementation and follow-on support engagements for 22 U.S. jurisdictions, three Canadian provinces, and a Caribbean republic. In addition, FAST has product support staff and administrative staff working out of the company’s Denver, Colorado headquarters and two additional North American offices.

The company’s primary product, GenTax®, is a commercial off-the-shelf, integrated software system used in the administration of multiple government programs. Almost every aspect of GenTax® can be flexibly configured to provide agencies with the options, settings, and functions necessary for effective and efficient administration of a wide-range of government programs.

FAST has completed over 125 implementation phases, each one of them on time and on budget, to deliver more than 770 tax, license, registration, and unemployment insurance account types. Today, over 20,000 government employees at client agencies that serve a combined population of over 125 million use FAST’s software to administer over 75 million active accounts.

About KXEN

KXEN is revolutionizing the way companies use predictive analytics to make better decisions on petabytes of big data. Based on patented innovations, the company's flagship product, InfiniteInsight™, delivers orders of magnitude improvements in speed and agility to optimize every step in the customer lifecycle – including acquisition, cross-sell, up-sell, retention and next best activity. Proven with over 400 deployments at companies such as AAA, Allegro, Bank of America, Barclays, Belgacom, CBS Interactive, ING Direct, Lowe’s, Meredith Corporation, Mobilink, Overstock.com, PT XL Axiata, RealNetworks, Rhapsody, Rockwell, Rogers, Sears, Shutterfly, Stage Stores, U.S. Cellular and Vodafone, KXEN solutions deliver predictive power and infinite insight™. KXEN is headquartered in San Francisco, California with field offices in the U.S., Paris, London and Bangkok.

For additional information or to schedule an interview with a Fast Enterprises partner or company representative, contact Beth Schattin by phone at 877-275-3278 or by e-mail at [email protected].

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