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Longview Consolidation
Benefits At A Glance
n Shorten the cycle time required to
consolidate, validate and certify
financials
n Create a detailed audit trail of all
transactions processed to arrive at
consolidated financial results
n Generate structured financial statements,
along with KPIs and score card reports,
automatically and in real-time
n Improve process visibility and regulatory
compliance posture
n Enable finance staff to focus on analysis
and managing exceptions, rather than on
reconciliations
n Provide real-time, interactive information
anytime, anywhere via dashboards and
reporting on the web or on mobile
devices
n Simplify and drive the most basic to the
most complex accounting and analysis
n Provide real-time visibility into variances
from milestones and KPIs.
Financial Consolidation & Reporting
In today’s global economy, financial reporting is subject to
unprecedented levels of scrutiny and under greater pressure – investors
demanding greater financial integrity and more accurate reporting and
forecasting, and regulators demanding improved governance, process
transparency and accountability.
The financial consolidation and reporting cycle, which includes
collecting and consolidating financial information, closing the books,
reporting to management, getting auditor sign-off, and issuing earnings
releases and other statutory financial statements, is very complex and
fraught with numerous potential problems that can
make it a lengthy, resource intensive process.
Longview Consolidation
Based on a single repository of accurate, real-time information
from across the organization, Longview Consolidation provides
a comprehensive and sophisticated technology platform that
dramatically improves internal processes for consolidation,
elimination, reconciliation, modeling and reporting of financial
data to key internal and external stakeholders.
Longview Consolidation simplifies and automates financial processes,
enabling finance professionals, operations staff and department
managers to focus on analysis and managing exceptions rather than
on reconciliations.
A single point of maintenance ensures that appropriate accounting
treatments are applied consistently, thereby maintaining a single
repository of financial truth, enterprise-wide.
“Consolidated financial data is the ultimate financial performance measure – executive management uses
this information to communicate financial KPIs to shareholders, regulators, analysts and other stakeholders.”
Gartner
Longview Consolidation
Key Features
n Collect, consolidate, reconcile, summarize and
aggregate financial data based on different
accounting standards (e.g., multiple GAAPs, IFRS)
and federal regulations and non-financial data based
on company key performance indicators (KPIs).
n Collect data in real-time from multiple source systems,
including SAP and Oracle.
n Maintain a detailed audit trail of all transactions
offering auditable proof of data accuracy.
n Perform foreign currency variance analysis for global
organizations with multiple currencies and varying
exchange rates; and compare foreign currencies,
while isolating the impact of rate variances.
n Generate inter-company eliminations seamlessly,
without user intervention, thus greatly reducing time
expended on reconciliation.
n Generate reports on validations, inter-company
eliminations and foreign currency translation, as well
as highlighting key performance metrics.
n Create structured financial statements such as income
statement, balance sheet, shareholder equity and
cash flow.
n Create dashboards with intuitive visuals to clearly
communicate the status of KPIs.
Rule-Based Source Data Verification
Longview Consolidation verifies source data through
validation rules applied dynamically (at input or import)
and then communicating and making exceptions available
immediately for correction.
Automated Foreign Currency Translation
Longview Consolidation provides automated server-based
foreign currency translation to any number of currencies
simultaneously enabling companies to effectively translate
and consolidate global information. Foreign currency
variance can be analyzed and the impact of rate variances
isolated for further comparison.
Gain Control of Inter-Company Positions
Longview Consolidation provides automated, server-based
inter-company eliminations, a complex challenge in large
organizations, so that time previously spent reconciling can
be focused on analysis and managing exceptions.
Easy to Maintain Allocation Rules
The rich allocation capabilities of Longview Consolidation
allow shared costs to be allocated across the organization
and provide alternate views of consolidated data.
Allocation ‘rules’ are easy for finance staff to create and
2
maintain. The rules are run automatically, every time data
is consolidated, giving alternate P&L views consistently,
efficiently and accurately.
Collaboration with Workflow Management
Workflow management helps communicate data outliers,
identify process bottlenecks, and issue e-mail alerts to
stakeholders throughout the process, reducing the overall
consolidation cycle time and providing more accountability,
ownership and control.
Automated Cash Flow Calculations
Longview Consolidation performs cash flow calculations
as data is input or imported, producing on-demand cash
flow statements.
Fast, Accurate and Flexible Financial
Reporting
Longview Consolidation allows you to generate income
statements, balance sheets, stockholder equity statements,
cash flow statements, KPI and scorecard reports easily and
in real-time, using a Web interface for on-demand reports.
Journal Entry and Audit Trail Reporting
Longview Consolidation supports real-time journal entries
with automated translation and elimination impact. General
ledger data can be adjusted with an auditable trail of all
changes.
Real-Time Web, Excel and Mobile
Dashboards and Reporting
Users can securely access information from any location,
inputting and viewing data quickly and easily in real-time.
Consolidated, interactive reports are available dynamically
via the Web, Microsoft Excel, or on Mobile devices.
Longview Smart Client empowers end users by allowing
them easy and convenient access to powerful, interactive
modeling functionality through the web, while hiding the
complexity behind it.
www.longview.com3
Hierarchy Manager for Complex
Accounting
The Hierarchy Manager supports simultaneous management
and legal reporting views in a single environment. Its built-in
financial intelligence understands balance forward, standard
rollups, and how accounts behave with respect to others in
the hierarchy (e.g. with or without purchase accounting
basis, excluding discontinued operations, etc.).
Automated Tax Data Collection
Longview Consolidation streamlines and automates tax data
collection, tax provisioning and tax planning for today’s
global organizations. Information is automatically collected
from any source system in any currency creating a single
repository of financial information.
Financial Close Management and
XBRL/Statutory Reporting
Longview FXR provides centralized financial reporting with
embedded XBRL tagging and document creation that
streamlines financial and statutory report preparation
and publishing.
Key Features
n Simplified data preparation including Rounding and
Scaling adjustments.
n Comprehensive Disclosure Index providing a status
summary of all critical period-end documents.
n Automated creation, control and management of
footnote disclosures minimizing restatements.
n One-Button Financial Statement Publisher to generate
XBRL compliant disclosures, draft 10-Ks, 10-Qs, audit
committee books and internal management reports.
n Distributed document management framework
enabling roll forward of report templates,
collaboration on disclosures, formatting to XBRL, MS
Word and “EDGAR-ready” documents, and extensive
versioning and scenario capabilities.
n Detailed audit trail.
n Cross-checking, formatting and exporting functions.
n Embedded XBRL tagging and re-use of existing
taxonomies.
n SEC XBRL and HMRC iXBRL compliance - automates
and standardizes tasks during the filing process.
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.
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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Longview Consolidation

  • 1. Longview Consolidation Benefits At A Glance n Shorten the cycle time required to consolidate, validate and certify financials n Create a detailed audit trail of all transactions processed to arrive at consolidated financial results n Generate structured financial statements, along with KPIs and score card reports, automatically and in real-time n Improve process visibility and regulatory compliance posture n Enable finance staff to focus on analysis and managing exceptions, rather than on reconciliations n Provide real-time, interactive information anytime, anywhere via dashboards and reporting on the web or on mobile devices n Simplify and drive the most basic to the most complex accounting and analysis n Provide real-time visibility into variances from milestones and KPIs. Financial Consolidation & Reporting In today’s global economy, financial reporting is subject to unprecedented levels of scrutiny and under greater pressure – investors demanding greater financial integrity and more accurate reporting and forecasting, and regulators demanding improved governance, process transparency and accountability. The financial consolidation and reporting cycle, which includes collecting and consolidating financial information, closing the books, reporting to management, getting auditor sign-off, and issuing earnings releases and other statutory financial statements, is very complex and fraught with numerous potential problems that can make it a lengthy, resource intensive process. Longview Consolidation Based on a single repository of accurate, real-time information from across the organization, Longview Consolidation provides a comprehensive and sophisticated technology platform that dramatically improves internal processes for consolidation, elimination, reconciliation, modeling and reporting of financial data to key internal and external stakeholders. Longview Consolidation simplifies and automates financial processes, enabling finance professionals, operations staff and department managers to focus on analysis and managing exceptions rather than on reconciliations. A single point of maintenance ensures that appropriate accounting treatments are applied consistently, thereby maintaining a single repository of financial truth, enterprise-wide. “Consolidated financial data is the ultimate financial performance measure – executive management uses this information to communicate financial KPIs to shareholders, regulators, analysts and other stakeholders.” Gartner
  • 2. Longview Consolidation Key Features n Collect, consolidate, reconcile, summarize and aggregate financial data based on different accounting standards (e.g., multiple GAAPs, IFRS) and federal regulations and non-financial data based on company key performance indicators (KPIs). n Collect data in real-time from multiple source systems, including SAP and Oracle. n Maintain a detailed audit trail of all transactions offering auditable proof of data accuracy. n Perform foreign currency variance analysis for global organizations with multiple currencies and varying exchange rates; and compare foreign currencies, while isolating the impact of rate variances. n Generate inter-company eliminations seamlessly, without user intervention, thus greatly reducing time expended on reconciliation. n Generate reports on validations, inter-company eliminations and foreign currency translation, as well as highlighting key performance metrics. n Create structured financial statements such as income statement, balance sheet, shareholder equity and cash flow. n Create dashboards with intuitive visuals to clearly communicate the status of KPIs. Rule-Based Source Data Verification Longview Consolidation verifies source data through validation rules applied dynamically (at input or import) and then communicating and making exceptions available immediately for correction. Automated Foreign Currency Translation Longview Consolidation provides automated server-based foreign currency translation to any number of currencies simultaneously enabling companies to effectively translate and consolidate global information. Foreign currency variance can be analyzed and the impact of rate variances isolated for further comparison. Gain Control of Inter-Company Positions Longview Consolidation provides automated, server-based inter-company eliminations, a complex challenge in large organizations, so that time previously spent reconciling can be focused on analysis and managing exceptions. Easy to Maintain Allocation Rules The rich allocation capabilities of Longview Consolidation allow shared costs to be allocated across the organization and provide alternate views of consolidated data. Allocation ‘rules’ are easy for finance staff to create and 2 maintain. The rules are run automatically, every time data is consolidated, giving alternate P&L views consistently, efficiently and accurately. Collaboration with Workflow Management Workflow management helps communicate data outliers, identify process bottlenecks, and issue e-mail alerts to stakeholders throughout the process, reducing the overall consolidation cycle time and providing more accountability, ownership and control. Automated Cash Flow Calculations Longview Consolidation performs cash flow calculations as data is input or imported, producing on-demand cash flow statements. Fast, Accurate and Flexible Financial Reporting Longview Consolidation allows you to generate income statements, balance sheets, stockholder equity statements, cash flow statements, KPI and scorecard reports easily and in real-time, using a Web interface for on-demand reports. Journal Entry and Audit Trail Reporting Longview Consolidation supports real-time journal entries with automated translation and elimination impact. General ledger data can be adjusted with an auditable trail of all changes. Real-Time Web, Excel and Mobile Dashboards and Reporting Users can securely access information from any location, inputting and viewing data quickly and easily in real-time. Consolidated, interactive reports are available dynamically via the Web, Microsoft Excel, or on Mobile devices. Longview Smart Client empowers end users by allowing them easy and convenient access to powerful, interactive modeling functionality through the web, while hiding the complexity behind it.
  • 3. www.longview.com3 Hierarchy Manager for Complex Accounting The Hierarchy Manager supports simultaneous management and legal reporting views in a single environment. Its built-in financial intelligence understands balance forward, standard rollups, and how accounts behave with respect to others in the hierarchy (e.g. with or without purchase accounting basis, excluding discontinued operations, etc.). Automated Tax Data Collection Longview Consolidation streamlines and automates tax data collection, tax provisioning and tax planning for today’s global organizations. Information is automatically collected from any source system in any currency creating a single repository of financial information. Financial Close Management and XBRL/Statutory Reporting Longview FXR provides centralized financial reporting with embedded XBRL tagging and document creation that streamlines financial and statutory report preparation and publishing. Key Features n Simplified data preparation including Rounding and Scaling adjustments. n Comprehensive Disclosure Index providing a status summary of all critical period-end documents. n Automated creation, control and management of footnote disclosures minimizing restatements. n One-Button Financial Statement Publisher to generate XBRL compliant disclosures, draft 10-Ks, 10-Qs, audit committee books and internal management reports. n Distributed document management framework enabling roll forward of report templates, collaboration on disclosures, formatting to XBRL, MS Word and “EDGAR-ready” documents, and extensive versioning and scenario capabilities. n Detailed audit trail. n Cross-checking, formatting and exporting functions. n Embedded XBRL tagging and re-use of existing taxonomies. n SEC XBRL and HMRC iXBRL compliance - automates and standardizes tasks during the filing process. 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.
  • 4. 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.