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eINCOM™
eINCOMS- Electronic Income Management System
An Automated Revenue Collection and Administration System -ARCAS
(e-INCOMS™)
Revenue generation is crucial to the successful running of any organization. Government in particular requires huge and constant funds to be able to provide infrastructures and services to the citizens. Closely tied to revenue generation is the need to properly manage available funds in a transparent and cost-effective manner. It is important to attract potential funds from different sources as well as ensure that the funds go on record as earned. It is not enough to generate revenue, it is equally important to ensure that generated revenues do not end up in wrong pockets.
The need to efficiently and accurately collect all generated revenue into the coffers of the organization and also provide complete reconciliation machineries and feedback controls within the system is the motive behind e-INCOMS™. This is a sophisticated Information Network System (INS) linking Tax stations and other Revenue Agencies to lodgment banks birthed from a wealth of experience of highly trained professionals and a team of System Engineers and Accounting professionals who have been in the business of Software Development and corporate account management for years.
For any forward looking government and organization, the attraction of potential funds and effective recording of the same is paramount. e-INCOMS™, a revenue and tax collection solution designed for use by agencies responsible for receiving government income, e-INCOMS™ has been designed and developed to utilize the best technologies to deliver profitable results by automating the process of funds generation. This undoubtedly increases government’s effectiveness in the receipt and management of revenue.
e-INCOMS™ though a global ‘Revenue Cache’ is a modular solution developed in a two-tier model with one leg running pervasively on the internet and the other leg riding on the platform of any selected fund switching platform like eTranzact, Interswitch etc to interconnect all approved banks on that switching platform. This is a unique model that affords a better online service delivery above any other models. For example, in the Ondo State government of Nigeria official receipt for any transaction with government can be printed within the hour of the transaction for the payer, whereas the closest to this is the Lagos State model where receipts are issued within 72 hours. This solution has succeeded in helping to boost the revenue of the state by 47% within 11 months of operation at 1/18 operation level. This feat was not even as a result of new revenue points but specifically by blocking sources of wastages and leakages, which surprisingly, include banks.
Revenue incorporates all types and manners of revenue collection sources ranging from tax identification to motor licensing, produce monitoring/stamping, drivers’ payments/license issuance.
e-INCOMS™
As it’s a web-enabled application which makes it easy for payments of revenue to government, it also permits taxpayer to log on to the service end and track their specific tax identity update information. The backend is managed by a payment gateway which integrates the bank and relevant revenue departments to ensure proper accounting. The e-INCOMS™ suite comes as Automated Revenue-generation Collection-administration and Accounting System (ARgCAS), Electronic Vehicle License scheme (eVL), The Electronic Tax Identification System (eTIN) etc. This application can adapt as a whole or in different modular suite as needed by clients.
The Automated Revenue-generation, Collection-administration and Accounting System (ARgCAS ™) rest on e-INCOMS™ platform as the main fund management engine and it is a medium enterprise planning and management system that incorporates collection administration, generation and automated reconciliation of book of accounts. It utilizes modern online technology for a Direct Real-time Bank Lodgement Scheme (DR-T BLS) in managing collections in the state revenue collection processes. ARgCAS provides information for tax administration and planning while monitoring and coordinating all revenue generation activities concurrently. ARgCAS is the first application tailored to meet the specific needs of revenue generation agencies in the public sector and its modular nature makes the various components deployable as a single entity or phased into segments. Some of the associated modules supported including the eVL of vehicles and driver’s licence automation. In descriptive terminology, ARgCAS can be described as the business arm of the e-INCOMS™ payment engine that enable third party interfacing. It is also able to support each of the e-INCOMS™ module independently. While e-INCOMS™ can stand alone as a collection and fund sweeping platform in banks, ARgCAS cannot not. ARgCAS™ is therefore a sophisticated information network system (INS) linking Tax Stations and other Revenue Agencies to lodgement banks. It has inbuilt capacity for integrated messaging system, whistle blowing alerts via SMS and eReceipting as control. It creates and maintains a secured database of all revenue collection activities thus allowing for on-line real-time tracking as well as an internal check to Interbank fund sweeping. Accounting, Transaction Monitoring to detail and Reporting capabilities (ATMR) is unbeatably unique, which has made it a choice for use by clientele that want transparency.
Electronic Vehicle License eVLTM module handles both Vehicle License collection and renewal procedures and its revenue income. It can stand alone or be seamlessly integrated with ARgCAS™ to utilize part of the feature embedded in the platform. eVLTM does more than issuance of Vehicle License or renewal; the revenue associated with it is been catered for while verification of Vehicle Identities, Registration and Ownership can be placed a nabb on by law enforcement agencies so assigned via messaging system- all it takes is a GSM network. In its beauty is the ease and accessibility to track vehicles, constant revenue generation and not over-looking past indebted revenue payment.
Tax Identification System eTINTM, as much as its capability been closely related to eVLTM in terms of stand-alone and seamless integration with its ATMR engine, takes care of issuance of tax Identity Numbers. Tax-payers can be easily identified with generation of ID numbers and cards while a track record of individual is maintained. Apart from revenue generation, Tax payment is a civil obligation. With such Government is able to budget for development.
The modules to be deployed are a function of the need of the organization and its goals.
e-INCOMS™ has been deployed successfully in Ondo State as ARCAS.
Its relevance to your organization
e-INCOMS™ caters for the effective automation of the processes of Tax, Revenue and Payment collection as well as eliminates loopholes that characterize the present system of tax, revenue and payment collection. With its unique features, your organization or government stands the chance of greatly enhancing her revenue base in a transparent and cost effective manner.
- e-INCOMS™ is a user-friendly web based application with easily accessible interfaces. Citizens and customers can log on to a website from anywhere and make payments of sundry tasks and dues.
- It comprises an integrated payment module having an in-built accounting and monitoring system to increase the effectiveness of the receipt and management of revenue.
- It is adaptable to any environment because it allows for payments to be made via banks, mobile phones, cyber cafes, hot spots in rural areas among others.
- Low Licensing fee and maintenance cost. In pursuit of her objective to contribute to social development Wizards Solutions Limited offers e-INCOMS licensing fee and maintenance cost at a low and affordable rate.
- Has the capacity to issuance of receipts which facilitates transparency and allows for precise record keeping.
- Has security put in place to frustrate hackers and malicious users. These security features include:
- SSL Certificates
-Access Control
- Prevention of Invalidated Input Errors
- Session ID Protection
- Prevention of Cross Site Scripting Flaws
- Back up of RDBMS Databases using dump and update logs.
Plus;
- User level security with passwords and username. Audit trails, event logs.
- System firewall (server end)
- System Security (via password)
- IP Address collocation etc.
The e-InCOMS™ Interface
The e-InCOMS™ interface has three different frontends and a database backend. The three frontends are designated to different entities as follows:
- Administrative End Users: for instance Governors, Accountant General, Auditor General Board of Internal Revenue, etc
- Designated Banks who receive sundry payments
- The Public end i.e. The tax payer: this end is designed to work with different media for ease of use by the payee. The Media include mobile phones, the use of scratch cards, desktops, as well as over the internet.
Foreseeable benefits
- Make the process of revenue generation more efficient
- Help government and agencies better track down those who want to avoid paying taxes.
- Provides better service across the board and eventually reduces the taxpayer burden
- Gives taxpayers quicker access to tax topics, tax forms and other resources
- Improve electronic tax administration, including more electronic tax-filing capabilities
- Enhance ability to pay taxes, revenues and other payments electronically
- Enable workers to monitor the status of their payroll payments via the Internet.
e-INCOMS™ offers a solution to the need for proper management and availability of funds in a transparent and cost-effective manner.
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