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Longview 7 Overview

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Today’s global business environment is more complex than ever, and the pressure on companies from demanding customers, relentless competitors and regulatory scrutiny continues to grow at a rapid pace …

Today’s global business environment is more complex than ever, and the pressure on companies from demanding customers, relentless competitors and regulatory scrutiny continues to grow at a rapid pace requiring performance management and analysis.
ERP Suites fall short in supporting these activities leaving finance staff relying heavily on spreadsheets. Leading analyst firm, Gartner Inc., estimates that 50 to 60% of large organizations still use spreadsheets for key financial processes such as Planning, Consolidation, Financial Reporting and Tax Provisioning. These are labor intensive activities that also pose business and regulatory risk due to the high frequency of errors, potential data duplication, security concerns and the difficulty of tracking spreadsheet data back to source transactions.
Longview 7 enables enterprise clients to collect, store, analyze and report on data in real-time by automating, centralizing and standardizing any one, or combination of, the following key financial processes: Financial Planning, Budgeting, Forecasting, Modeling, Disclosure Management/XBRL Reporting, Statutory Consolidation, Management Reporting, Profitability Analytics, Tax Provisioning, Uncertain Tax Positions and Tax Data Warehouse.

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  • 1. Longview 7 The Longview Advantage Overall Customer Satisfaction: Longview Solutions ranks #1 among all CPM vendors in overall customer satisfaction Overall Value for Money: Longview Solutions ranks #1 among all CPM vendors in overall value for money After Sales Care: Longview Solutions ranks #1 among all CPM vendors in after sales care Responsiveness of Customer Support: Longview Solutions ranks #1 among all CPM vendors in responsiveness of customer telephone support FinanceOwned Solutions: Longview 7 provides maximum control to Finance teams and has the lowest burden on the IT department Single Application, Complex Planning, Modeling and Analysis: Longview 7 provides a centralized data repository that meets complex reporting and performance requirements, while improving data integrity and consistency Seamless Vendor Agnostic Integration: Longview 7 offers an open, agnostic data and application integration with any vendor stack and infrastructure Enterprise Grade Performance and Scalability: Longview 7 is grid-enabled to support some of the world’s highest data volumes and user count with the highest performance ratings Performance Management Fuels Finance Transformation Today’s global business environment is more complex than ever, and the pressure on companies from demanding customers, relentless competitors and regulatory scrutiny continues to grow at a rapid pace requiring performance management and analysis. ERP Suites fall short in supporting these activities leaving finance staff relying heavily on spreadsheets. Leading analyst firm, Gartner Inc., estimates that 50 to 60% of large organizations still use spreadsheets for key financial processes such as Planning, Consolidation, Financial Reporting and Tax Provisioning. These are labor intensive activities that also pose business and regulatory risk due to the high frequency of errors, potential data duplication, security concerns and the difficulty of tracking spreadsheet data back to source transactions. “Midsize and large enterprises that do not centralize finance systems and standardize finance processes will incur higher operating and compliance costs than those that do.” Gartner IntegrationSuite Workflow, Collaboration and Security Microsoft SharePoint and Office Integration Other Data Sources Other Transaction Systems ERP Data Warehouse Tax Compliance/ Point Solutions Audit Finance & Tax Executive Operations Regulator Dashboards and KPIs Business Analytics Profitability Analytics Planning, Budgeting, Forecasting Consolidation Disclosure Management/XBRL Tax Data Collection Tax Provision/Reporting Tax Data Management Tax Planning Longview 7 enables enterprise clients to collect, store, analyze and report on data in realtime by automating, centralizing and standardizing any one, or combination of, the following key financial processes: Financial Planning, Budgeting, Forecasting, Modeling, Disclosure Management/XBRL Reporting, Statutory Consolidation, Management Reporting, Profitability Analytics, Tax Data Collection, Tax Provision/Reporting and Tax Planning. Longview 7 At-A-Glance
  • 2. Planning, Budgeting and Forecasting Longview Planning greatly simplifies and streamlines the process of aligning the “top-down” strategic goals of your organization with the “bottom-up” plans and forecasts. With Longview 7, you can build, track and monitor your budgets and plans at any level of detail; and our workflow and approvals mechanism makes planning a collaborative process across your entire organization. The dynamic roll ups within Longview Planning enable dynamic planning and forecasting, so you can respond faster and more confidently to business and market changes with the most accurate and up-to date data. Context sensitive, role-based reports, scorecards and dashboard indicators at any level, accurately reflect what is going on in your business in real-time. Consolidation Longview Consolidation dramatically improves internal processes for consolidation, elimination, reconciliation, modeling and reporting to key internal and external stakeholders. It helps overcome the challenges and complexities of sophisticated organizational structures and global operations, including necessary foreign currency translations, allocations and inter-company eliminations. With Longview 7, finance can spend less time on reconciliation and more time managing exceptions and value-added analysis. Longview 7 2 Longview 7 includes full support for MultiGAAP and IFRS reconciliations Longview 7 displays accurate, realtime data throughout the organization Key Features I Single repository of accurate, real-time information from across the organization promotes consistent, accurate planning and better decision making. I Advanced modeling engine supports the creation of enterprise-wide models based on financial or non- financial drivers, allowing for complex, n-dimensional calculations and limitless what-if scenarios. I Powerful workflow functionality, that includes e-mail notifications and alerts, simplifies planning processes and makes it easy for users to track and communicate the progress of their plans and budgets. I Input templates make re-forecasting quick and easy; and audit functionality improves governance and compliance by tracking business assumptions, underlying forecasts and forward-looking statements. Key Features I Consolidates financial data from any source system, such as SAP and Oracle (incl. PeopleSoft, J.D. Edwards), based on different accounting standards (e.g. multiple GAAPs, IFRS) and statutory regulations. I Maintains a detailed audit trail of all transactions processed to arrive at the consolidated financial results, offering auditable proof of data transformation and accuracy. I Performs foreign currency variance analysis for global organizations with multiple currencies and varying exchange rates; and compares foreign currencies, while isolating the impact of rate variances. I Creates all structured financial statements, along with KPI and scorecard reports, automatically and in real time. I Supports the consolidation of subsidiaries with different year end close dates. I Collects and aggregates supplemental data to support regulatory disclosures.
  • 3. 3 Longview FXR - Disclosure Management/XBRL Reporting Longview FXR provides centralized financial reporting with embedded support for XBRL tagging and document creation. This streamlines financial report preparation and publishing to internal stakeholders and external regulatory authorities. This also significantly minimizes the risks of non-compliance, delayed filings, inaccuracies, restatements or unauthorized system access. Longview Tax increases the speed, accuracy, transparency and auditability of tax provision and reporting Tax Provision/Reporting and Tax Data Platform Longview Tax significantly reduces the burden and risk associated with today’s complex global income tax process by streamlining and automating data collection, tax provisioning and tax planning. Longview Tax can cut the tax close cycle by as much as 50%, with a significant increase in accuracy. Tax professionals can then spend more time on higher value-add tax analysis and planning, improving the overall tax position and bottom line. With Longview FXR, users can edit, redline and comment on disclosures Key Features I Simplified data preparation including rounding and scaling adjustments. I Comprehensive disclosure index showing status of all critical period-end documents (10-Q, 10-K, 20-F, etc). I Automated creation, control and management of footnote disclosures minimizing restatements. I Advanced distributed document management framework enables roll forward of report templates, collaboration on disclosures, formatting to XBRL, MS Word and “Edgar-ready” documents, and extensive versioning and scenario capabilities. I One-Button Financial Statement Publisher to generate XBRL compliant disclosures, producing draft 10-Ks, 10-Qs, audit committee books and internal management reports in a variety of output formats. I Cross-checking, formatting and exporting functions. I Embedded XBRL tagging and reuse of existing taxonomies. I SEC XBRL and HMRC iXBRL compliance. Key Features I Integrates closely with G/Ls and all major tax compliance systems. I Automatically calculates the consolidated, global ASC 740 (formerly FAS 109), and/or IAS 12 tax disclosures, including the effects of any jurisdictional sub-consolidations, using one set of financial data. I Can track, calculate, and report the required disclosures pursuant to Uncertain Tax Positions (FIN 48). I Improves efficiency through standardization and automation of tax calculations - all required tax provisions, deferred taxes and other disclosures are automatically calculated with drill-down transparency by legal entity/jurisdiction/ account, based on appropriate accounting standards (GAAP, IFRS). I Advanced analytics shifts focus from data reconciliation to data analysis and planning. I Longview Tax Data Platform provides a single repository of tax data to quickly perform complex data analysis and respond to ad-hoc requests.
  • 4. Web and Mobile Dashboards and Reporting Longview 7 provides the ability to easily generate management, financial or ad hoc reports from a single, validated repository of financially accurate information. Sophisticated allocation capabilities and key performance indicators (KPIs) provide an environment in which users spend more time on in-depth and strategic business analysis. Reports, scorecards and dashboards can be generated based on KPIs or virtually any business parameter. www.longview.com Key Features I Role-based dashboards provide a dynamic view of critical business information. I Intuitive interface, AJAX interactivity and an extensive selection of flash-based graphs and charts. I Drill down, analysis and reporting on live data. I Enterprise-wide and real-time reporting via the web or on mobile devices. I Drill through to the source transaction systems. I Report and analyze for all possible combinations of entities and currencies. I Customizable dashboards allow users to query and drill through any aspect of the organization, to gain insight into operational reality versus strategic plans, enabling informed, timely adjustments. I Ease of use, administration and real-time access reduce overall maintenance and cost of ownership. I Capability to integrate with any 3rd party Business Intelligence or Reporting tools. Microsoft SharePoint Integration Microsoft SharePoint is increasingly being used as an enterprise platform for corporate portals, collaboration and enterprise content. Longview 7 has a robust integration with SharePoint along with other Microsoft technology platforms and business applications including Windows, SQL Server, and Office (Excel, Word, Powerpoint). The integration with SharePoint can help customers seamlessly integrate Longview within their existing SharePoint infrastructure. 4 Longview 7 Longview 7 functionality can be accessed seamlessly through the SharePoint portal Key Features I Integrated view of Longview 7 scorecards, and dashboards (KPIs, metrics, tables, graphs, etc.). I Direct links to Longview 7 reports and data input templates. I Access to documents stored in the Longview 7 document repository. I Access to Longview 7 data analysis via Microsoft PowerPivot. I Single Sign-on for seamless navigation. Longview Smart Client Longview 7 provides an enriched end user experience with a unique combination of rich client functionality and performance, with the benefits of a web-deployed interface. The Longview Smart Client functionality allows customers to create tailored, interactive processes integrated with models and other comprehensive capabilities. This greatly empowers end users by allowing them easy and convenient access to powerful, interactive functionality, while hiding the complexity behind it. Longview 7 Smart Client allows web access to modeling and other comprehensive functionality Longview 7 dashboards can be accessed anytime, anywhere via the web or on mobile devices
  • 5. "Finance executives are shifting their focus to performance management activities—decision support, business analysis, forecasting, and financial planning—to plan their growth strategies and measure the results of those efforts." CFO Research Services Key Features I End user access to powerful modeling engine with a rich and responsive user experience. I Zero-client benefits, such as elimination of client side installation and upgrades. I Customize the UI to any extent desired using Industry standard languages, such as HTML and JavaScript. I Ability to interact with data in a spreadsheet-like interface and conveniently run models and procedures. Data Integration The Longview Integration Suite (LVIS) provides flexible, open standards-based data integration to any number of data sources. Customers can simplify and automate data integration with powerful ETL functionality and hundreds of pre-built connectors. Longview Profitability Analytics provides a detailed view into the key influencers of net profitability The Longview Integration Suite simplifies and automates endtoend integration of mutiple data sources Key Features I Identifies the key drivers affecting the bottom line by examining each cost element piece by piece. I Detailed visibility into operational P&L and activities helps management understand the root cause behind costs and net profitability. I Powerful reporting, analysis and scenario analysis help identify issues and build a fact-based action plan. Client Services Longview’s proven implementation methodology delivers timely and predictable results, and because knowledge transfer is critical to the success of every implementation, our Learning and Client Services teams work with you every step of the way to ensure your objectives are met. From developing training plans customized to your needs, to on-site architects and implementation staff, our knowledgeable, industry veterans will ensure you derive maximum value from your investment. Technical Support Our internal team of financial and technical support specialists provides customers with the best "behind the scenes" technical support services to ensure that your Longview investment delivers maximum results and performance. Our customer technical support services include: 24 x 7 support services by our technology professionals, award winning documentation and access to certified technical resources. Key Features I Graphical data integration designer for shorter learning curves and faster designs. I Powerful data transformation engine to handle the most complex transformations. I Real-time, scheduled or batch update for frequent planning and reporting. I Highly scalable data integration with role-based access and control. I Automation, data validation, error capture, etc. minimize errors and improve data quality. Profitability Analytics Longview Profitability Analytics significantly enhances a company’s ability to identify areas of highest profitability impact in order to drive continuous profit improvements. Detailed visibility into revenues, costs, margins and operations by dimensions such as customers, products, channels, segments and business units help develop actionable plans leading to significant financial gains.
  • 6. 11/2012 About Longview Solutions Longview Solutions provides a corporate performance management (CPM) and tax data management platform that leading companies such as Aon, Brunswick, Lexmark, The Home Depot and Trustmark use to drive performance with speed, visibility and financial integrity. Since 1994, Longview has been helping clients create a single repository of financial truth from which all, or any one of the following key financial processes can be performed: financial planning, budgeting, forecasting, modeling, disclosure management/XBRL reporting, statutory consolidation, management reporting, profitability analytics, tax data collection, tax provision/reporting and tax planning. Longview is headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA), London (UK), and Amsterdam (NL). For more information please visit www.longview.com. Division Headquarters US Headquarters UK Headquarters Netherlands Headquarters 65 Allstate Parkway, Suite 200 Markham, ON • L3R 9X1 • Canada 2 Radnor Corporate Center 100 Matsonford Road, Suite 230 Radnor, PA • 19087 • USA Nexus House, Station Road, Egham, Surrey TW20 9LB• UK WTC The Hague, 16th floor Prinses Margrietplantsoen 46, 2595 BR The Hague, The Netherlands Tel 905.940.1510 Tel 610.977.0995 Tel 905.940.1510 Tel +31 (0)854884 783 Fax 905.940.8310 Fax 484.367.1153 Fax 905.940.8310 Fax +31 (0) 854884 782 Email info@longview.com Email info@longview.com Email info@longview.com Email info@longview.com © Copyright 2012 Longview Solutions. All rights reserved.

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