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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 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.