LUMENUS is a next-gen risk analysis solution designed for the public sector, offering increased usability, seamless interoperability, and a modern technology stack.
LUMENUS
Bringing public sector risk analysis into the modern era.
Public administrations have access to vast amounts of data, ranging from digital forms like tax and customs declarations, which require immediate analysis for risk identification and other purposes, to data from multiple sources necessitating complex transformations and cross-validations. Our commercial off-the-shelf (COTS) product, LUMENUS, leverages over 20 years of experience in data-driven risk analysis to provide insights that aid in fraud prevention, risk mitigation, and auditing within the public sector.
LUMENUS is purpose-built, adaptable, and data-driven
Leverage Purpose Built Functionality
As opposed to general-purpose solutions, LUMENUS features drag-and-drop editors for quick creation of risk rules, evaluation- and selection tools to single out suspicious entities, and insightful comparative views engineered to flag discrepancies.
Apply both rules-based and AI/ML based analysis
Public administrations have traditionally used a rules-based approach to analysing data for risk identification or other purposes. LUMENUS also adds advanced AI/ML capabilities to the mix, offered on a single user interface that supports both “traditional” and “modern” approaches to analysing data. This enables the end user to benefit from the best of both worlds without using multiple systems.
Integrate seamlessly to third-parties
LUMENUS ensures easy integration with third-party systems through synchronous and asynchronous communication, both for retrieving the data for analysis and for sharing the analysis results. Moreover, it is pre-integrated with Netcompany’s flagship products for the public sector domain (ERMIS, SOLON TAX, PERSEUS, AMPLIO).
Adapt easily via microservices
LUMENUS guarantees high performance, reliability, scalability, and seamless user experiences. By utilising the latest in open-source technology, it reduces dependency on specific products or vendors. Through its microservices-based architecture, it guarantees adaptability to future needs.
LUMENUS components
Transactional analysis
The LUMENUS transactional analysis component is designed to cater to the needs of public administrations, for quickly analysing data whether for risk identification or other purposes, contained in digital forms such as tax and customs declarations or applications (e.g. benefit claims). It simplifies the creation of risk rules by enabling risk officers, who typically lack technical skills, to configure powerful risk rules of varying complexity on the fly directly from a graphical user interface.
Data analytics & selection
The LUMENUS data analytics & selection component is a versatile analytics solution enabling administrations to delve into large volumes of data from multiple sources to identify, for instance, potentially fraudulent behaviour of entities (e.g. traders, taxpayers). It is a powerful tool that facilitates the setup of complex types of analysis via an intuitive user interface and allows the creation of business-oriented, interactive dashboards in line with the needs of decision makers. Advanced analytics with Machine Learning models complement the solution’s state-of-the-art capabilities to perform complex data transformations and computations, producing meaningful metrics and statistics. Based on those insights, public administration officers can select entities for further administrative action.
Audit analytics and support
The LUMENUS audit analytics & support component equips audit departments in public administrations with analysis, visualisation, and report generation tools to manage and perform audits on entities such as taxpayers and traders. Auditors can use these tools to identify discrepancies between the data collected from the auditee’s system and data submitted to the respective public authority’s system, assisted by comprehensive graphs. Moreover, case management and audit task planning capabilities support the audit process.
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