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Since 2007, Veresen Inc. has been using Longview’s corporate performance management (CPM) application to automate their financial consolidation and reporting process. With more than 50 subsidiary entities in three business segments across North America, the calculation of proportional ownership, intercompany eliminations and foreign currency translations were a monthly challenge for the Veresen finance team. The automation that Longview provides, from the data loads to the financial calculation engine, greatly improved the efficiency and accuracy of generating the financial statements. However, as a growing company, Veresen wanted to take this capability further and implement a business intelligence platform that could integrate with Longview and broaden the audience for the visualization and distribution of financial information.
Veresen chose to integrate MicroStrategy Dashboards and Reports with its Longview Consolidation and Planning applications to augment its ability to access, analyze and report on critical financial information. With the integrated solution, executives and analysts have access to their financial information in many meaningful formats and visualizations to support better decision making.
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