Consolidation Features & Benefits
Related Information
Longview's Consolidation process offers a rich feature set that will provide your organization with real-time results.
The Features:
- Variance analysis and reporting
- Journal entry functionality
- Full drill-down capability
- Sophisticated modeling capabilities
- Reports on validations, inter-company eliminations, foreign exchange, and more
Many of the world's most respected companies have dramatically reduced their closing cycles with Longview's consolidation solution. Longview's proven technology platform enables a single repository of accurate information enterprise-wide from which Finance organizations can drive performance with quick and accurate consolidated reports.
The Benefits:
Dynamic Consolidation and Real-time Results:
- Validation Rules
- Foreign Currency Exchange
- Inter-company Eliminations
- Real-time Journal Entries
- Automatic Cash Flow Calculation
- Fast, Accurate and Flexible Financial Reporting
- Single Point of Maintenance
- Powerful Analysis
- Easy-to-use Web Interface
- Fast, Accurate Close
Validation Rules
The Longview Platform verifies source data through validation rules applied dynamically at the time of input or import. Longview communicates exceptions to rules and makes them available immediately for correction.
Foreign Currency Exchange
Longview provides automated server-based foreign currency translation, to any number of currencies simultaneously, enabling companies to effectively translate and consolidate information from their operations around the world. Foreign currency variance analysis performed, and the impact of rate variances can be isolated for further comparison.
Inter-company Eliminations
Accurate consolidated financial statements require elimination of inter-company transactions - a complex challenge within a large organization with many subsidiaries and legal entities. Longview provides automated server-based inter-company eliminations, creating a seamless process with no user intervention. Time previously spent reconciling can be focused on managing exceptions and on analysis.
Journal Entries
Longview supports real-time journal entries with automated translation and elimination impact. General ledger numbers can be adjusted with an auditable trail of all the changes.
Automatic Cash Flow Calculation
Longview performs server-based cash flow calculations as data is input or imported into the system. This produces on demand cash flow statements providing a real-time view of your organization's cash position.
Fast, Accurate and Flexible Financial Reporting
Longview allows you to generate income statements, balance sheets, stockholder equity statements, cash flow statements, key performance metrics, and scorecard reports throughout the organization easily and in real time, using a Web interface for on-demand reports. Consolidated results are available dynamically and can be seen with ad hoc reports generated through Longview's user-friendly reporting via the Web, or Microsoft Excel.
Single Point of Maintenance
In an era of evolving accounting standards and corporate regulations, Longview features a critical single point of maintenance, ensuring that appropriate accounting treatments are being applied consistently, thereby maintaining a single repository of financial truth, enterprise wide.
Easy-to-use Web Interface
Using a standard Internet browser, users from any location can securely access company information, inputting and viewing data quickly and easily in real time.
Powerful Analysis
Longview drives the most basic to the most complex analysis, providing comparisons to milestones and key performance indicators. Variances are instantly visible and linked back to your company's dashboard or scorecard, resulting in an accurate, real-time view of your company's financial position.
Fast, Accurate Close
With a single repository of financial truth enterprise wide, Longview positions you to consolidate, validate, and certify your financials in record time.
