Why Longview Tax Provision/Reporting?
- Standard out-of-box solution for ASC 740 (FAS109) and IFRS/IAS 12
- Configurable for unique industry and jurisdictional needs
- Flexible technology to grow with your needs
- Enterprise software to gather and store single source
of tax sensitized data
- Longview Integration Suite for importing from source systems and exporting to compliance
- Web data collection for data and documents n Foreign currency translation
- Rollup and Consolidation over multiple years n Dynamic reporting
Longview Tax Provision/Reporting provides all required disclosures in accordance with ASC 740 (FAS 109) and IFRS/IAS 12:
- Consolidated Current and Deferred income tax provisions, by legal entity
- Deferred taxes by legal entity, by temporary difference
- Balance Sheet or Income Statement approach
- Statutory and Consolidated Effective Tax Rate reconciliation (ETR)
- Tax Account Rollforward
- Tax Basis Balance Sheet
- Notes Disclosure and Journal Entry
- Return to Provision/Prior Year Adjustment
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Longview Tax Provision/Reporting
1. Longview Tax Provision/Reporting
n Integrated Accounting and Compliance –
Bridge the gap between provision and
return – Longview integrates the final
book-to-tax adjustments and runs the
automated return-to-provision true-up.
Longview Tax Provision/
Reporting includes:
n Longview Tax Enterprise Platform –
Longview Tax Provision/Reporting is built
on the Longview platform. The platform is
an enterprise-grade application that
provides security, flexibility, and
scalability.
n Out-of-Box Standard Tax Packages and
Reports – Longview's standard tax
packages and reports can be customized,
used “as is”, or new packages can be
added to meet your company’s specific
requirements.
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.
Tax Challenge
While other areas of corporate finance have modernized their data
management processes through the strategic use of technology, many
tax departments still rely on manual, time-consuming methods, making
transparency and efficiencies difficult to achieve. Global corporations
face severe challenges in trying to manage, control and make sense of
enormous volumes of tax data spread across disparate systems.
The challenge is especially true when it comes to the income tax
provision/reporting processes - traditionally sources of long hours
and high stress for tax professionals. As close deadlines continue to
tighten, more and more CFOs, controllers and tax executives are
looking for an end-to-end technology solution for the global
accounting for income tax.
Why Longview Tax Provision/Reporting?
An accurate, efficient tax provision/reporting process depends on
access to a centralized repository of reliable tax data.
Longview Tax Provision/Reporting is a user-friendly, intuitive tool
fueled by the single source of data that Longview Tax Data Platform
provides. Longview Tax Provision/Reporting features:
n Out-of-Box Standard Tax Packages and Reports – Use standard
packages as-is or customize to meet your specific requirements
n Easy Set Up – Use pre-defined import templates to be up and
running in a matter of days
n ASC 740 and IFRS – Easily address the requirements of ASC 740
(FAS 109) and IAS 12
n Industry Solutions – Meet the unique requirements of industries
such as Insurance (SSAP101), Regulated Utilities (FERC), Financial
Services, Oil and Gas, and Mining
n Interim Reporting – Forecast your estimated annualized ETR by
legal entity and/or jurisdiction
2. 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.
n IFRS – Longview is recognized as the industry’s premier
solution for IFRS tax reporting. The solution has been
specifically architected to address the unique
requirements of IAS 12.
n Industry Solutions – Longview’s unique configuration
layer allows you to specifically address unique
requirements for industries such as Insurance
(SSAP101), Regulated Utilities (FERC), Financial Services,
Oil and Gas, and Mining.
n Interim Reporting – Longview's interim reporting
process allows for forecasting the estimated annualized
ETR by legal entity and/or jurisdiction as per ASC
740-270-30 (formerly FIN 18) or IAS 34.
n Process Late Adjustments – Longview stores all of your
data in one location so that if you re-load the G/L or
create an entry manually, the impact is automatically
calculated from the Trial Balance through to Notes
Disclosure.
n Integration with Compliance – Longview integrates with
any compliance system and runs the automated
return-to-provision true-up in Longview Tax.
n Complex Modeling/Business Logic – Apply complex
calculations and modeling to your tax data and save the
results for reporting and analysis. Calculate key
performance indicators (KPIs) for tax.
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.
Longview Tax Provision/Reporting
2
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.
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3. 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
www.longview.com/tax3
IntegrationSuite
Workflow, Collaboration, Security and Dashboards
Microsoft SharePoint and Office Integration
Other Data
Sources
Other Transaction
Systems
ERP
Data Warehouse
Tax Compliance/
Point Solutions
Ad Hoc
Calculations
Analysis &
Reporting
Microsoft
Excel
Web Data
CollectionTax Data Platform
Tax Data Collection
Tax Provision/Reporting
Tax Data Management
Tax Planning
Audit
Finance & Tax
Executive
Operations
Regulator
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Longview Tax
n Mobile Dashboards – Longview dashboards and reports
are mobile, allowing you to access your time sensitive
tax data and reports from anywhere you go!
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
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