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Longview Tax Data Collection


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Why Longview Tax Data Collection?
Longview Tax is an enterprise data platform which allows you to take control of your data by combining the ability to perform defined calculations and collect data from disparate systems, much like consolidation, but specifically for the needs of the tax department. The tax department requires sensitized data for both direct and indirect needs, such as provision/reporting, VAT, Transfer Pricing and compliance. By centralizing your tax department's data, you can leverage Longview's robust reporting and via the integration suite, communicate with other systems and people in your organization. Longview's Tax Data Platform provides the foundation to own and control your global tax accounting process.
- Single source of all your tax data
- Easy to create and use web input templates and
- Web data collection for data and documents
- Longview Integration Suite - Vendor agnostic integration to import and export data
- Foreign currency translation
- Automatic rollup and consolidation of data n Dynamic reporting
- Workflow and approvals

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Longview Tax Data Collection

  1. 1. Longview Tax Data Collection Longview Tax Data Collection includes: n Longview Tax Enterprise Platform – Longview Tax Data Collection is built on the Longview platform. The platform is an enterprise-grade application that provides security, flexibility, and scalability. n Longview Integration Suite – Centralize any number of data source systems, databases and applications – including ERP/general ledgers such as Oracle, SAP, and Microsoft or feed any point solutions such as compliance or provision – via Longview’s bi-directional connectors. n Web Input Templates – Collect standardized, manually entered data from users anywhere in the world via the web. New templates are easy to define and create for any data collection need. n Multidimensional Database and Configurable Data Storage – Collect, consolidate, reconcile and summarize data at any level of detail and in any rollup you choose to define. Store data across multiple time periods – including months, quarters and years – for actuals, as well as the forecast and planning timeframes. The Tax Challenge In today’s world of ever-changing regulations and resource constraints, managing a corporate tax function by using spreadsheets poses serious challenges and risks. The weaknesses of spreadsheets for tax work are well known: they often contain an unacceptable percentage of errors; they provide limited transparency and control; and they tend to proliferate, creating data management issues. Spreadsheet links can be broken, shared files can be corrupted, or files may simply stop working when they reach a certain capacity. Spreadsheet glitches of various kinds result in an inefficient use of time for tax professionals, who are already stretched thin. For CFOs and tax directors, the potential for spreadsheet failures is a serious cause for concern; they can simply never be sure that the data being used is complete or accurate. Why Longview Tax Data Collection? Reliable tax analysis calls for a more comprehensive, more integrated technology foundation than spreadsheets can provide. Longview Tax Data Collection reaches deep into your organization’s enterprise systems to collect the tax-sensitized data you need for both direct and indirect tax processes, including the income tax provision and reporting, VAT, transfer pricing, and compliance. Bypassing the need for spreadsheets, Longview Tax Data Collection centralizes your tax information in a robust, multidimensional database, and distributes it effortlessly to the people and systems that need it. By eliminating the inefficiencies of manual data entry and retrieval, Longview Tax Data Collection frees up time for tax professionals to concentrate on value-added analysis and planning. With the assurance that their numbers are accurate and instantly available, tax leaders can devote more attention to in-depth analysis and building a successful tax strategy.
  2. 2. n Foreign Currency Translation – Simultaneously translate any number of currencies for global consolidation and reporting. n Automatic Rollup and Consolidation – Build one source of truth for all views, from legal entity to consolidated, with tax data stored in a single database. n Web Reports and Longview Reporting and Analysis – Run standard reports and ad-hoc queries to create and save regularly used reports. Group reports and print them in batch with one simple step. n Longview for Excel – Integrate data from Microsoft Excel spreadsheets into your Longview database. Easily view and refresh your tax data in the familiar Excel format through a Longview for Excel workpaper. n Document Repository – Attach and view documents in web data collection templates and web reports. n Workflow – Track progress and status at every level of the process. n Microsoft SharePoint Integration – View Longview dashboard panels in a Microsoft SharePoint dashboard via links to web input templates and web reports, the Longview document repository, and graphs, tables, and KPIs. n Business Intelligence (BI) Integration – Connect with any third-party BI or reporting tool such as MicroStrategy, Cognos, Business Objects/Crystal, and Microsoft PowerPivot. Longview Tax Data Collection 2 The Longview Tax Advantage n A single, centralized starting point for tax data management, as well as reporting and analysis n Improved visibility due to seamless integration with your G/Ls and tax compliance systems n Less time spent manually gathering data, more time available for value added analysis n Improved efficiency through standardized and automated tax calculations n Advanced analytics that help you energize planning and strategy n Faster and more accurate, transparent, and auditable tax provision improving the confidence in its accuracy and timeliness n Faster, more accurate, more transparent, more auditable tax provision n More control and reduced risk due to less reliance on spreadsheets n Flexible deployment options: hosted/software-as-a-service (SaaS) or on-premise n Easy to use and maintain n Easy to install: tax service providers from many top audit and service firms are certified to implement Longview Tax Longview is: n Recognized as ‘Visionary’ by Gartner n Ranked #1 in customer satisfaction, value, sales, support and value for money by Gartner n Backed by 20 years of proven experience Collect and store data from the lowest level to Consolidated
  3. 3. ahStfosorciM etnIeciffffOdnatnioPera noitarge balloC,wolfkroW DdnaytiruceS,noitaro sdraobhsaD Longview Tax is a comprehensive tax technology solution built on Longview’s Tax Data Platform that allows you to own and take control of your tax reporting processes. Longview Tax
  4. 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 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 Email Email Email © Copyright 2012 Longview Solutions. All rights reserved.