FTS introduced a new AI tool for assessing the financial state of business

The Federal Tax Service of the Russian Federation (FTS) presented the Unified Financial Analysis (EFA) – a tool that allows you to assess the financial condition of a business, analyze bankruptcy risks and debt recovery options. This was announced at the Moscow Financial Forum on September 21 by Deputy Head of the Federal Tax Service of Russia Konstantin Chekmyshev.

Konstantin Chekmyshev reminded that within the framework of bankruptcy, the repayment of claims of creditors of the third and fourth stages is about 5%. Although the situation with the repayment of debts of bankrupts to the budget is better and the share of payments is about 19%, bankruptcy of the enterprise still entails significant losses, so the advantage should be given to debt restructuring, if possible, said Mr. Chekmyshev.

To assess the prospects for debt repayment, the EFA was created, which combines tax information and data from external sources, a financial model, information on assets and liabilities, transactions of the debtor, affiliation and risks of property withdrawal, the representative of the Federal Tax Service explained. EFA is built on a hybrid architecture using AI tools that are used to predict the likelihood of bankruptcy, current and liquidation value of a business.

Language models help to analyze the causes of insolvency and calculate scenarios of recovery from the crisis, and then these data and conclusions are checked by a specialist. As a result, a statement of solvency and risks, detailed calculations, analytical reference and restructuring scenarios with a forecast are formed. At the same time, successful restructuring involves taking into account the total debt burden and the participation of all key creditors - the budget, banks and suppliers, Konstantin Chekmyshev noted.

Anna Zanina