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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Longview 7 Overview
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
FinanceOwned 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 realtime 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 MultiGAAP and IFRS reconciliations
Longview 7 displays accurate, realtime 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 endtoend
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.