Tax Provisioning and Reporting with Longview Tax

Performed annually, quarterly and (in some cases) monthly, the process of preparing corporate tax provisions is always time consuming, often frustrating and frequently error prone. As close windows tighten and resourcing remains scarce tax departments face a daunting task.

Longview Tax Provision and Reporting has been specifically built to automate the tax provisioning process and produce key reports and related disclosures. The solution is delivered using the Longview Tax Data Platform; a robust application that organizes tax data into a single repository and delivers powerful reporting and analytical capabilities.

Longview Tax Provision and Reporting can assist tax departments of any size; from smaller, domestically focused organizations to globally diverse multi-national corporations. Designed to meet the needs of both ASC740 and IAS12, while also accommodating local / statutory reporting, Longview Tax is highly flexible to meet any industry, jurisdiction or customer specific need.

The result: Accurate, efficient, hassle-free tax provisioning/reporting.

Features of Longview Tax Provision and Reporting:

  • ASC740 and/or IAS12
  • Out of box solution with standardized calculations and reports
  • Web based, globally accessibly data collection templates
  • Consolidated current and deferred provisions (by legal entity / division)
  • Pre-tax income, permanent and temporary difference automation*
  • Balance sheet and/or Income Statement approach
  • Statutory and consolidated effective tax rate (ETR) reconciliation
  • Tax account roll-forward (continuity)
  • Tax basis balance sheet
  • Return-to-provision automation*
  • Interim provisioning based on Forecasted ETR
  • Regional (state / provincial / municipal) calculations
  • Administration module designed for use by tax (vs. IT) professionals

* Integration can be established with any general ledger / finance consolidation system and all major tax compliance applications.

Unique aspects of Longview Tax Provision and Reporting:

  • Technology – Delivered through a Data Platform that uses dimensions and hierarchies to deliver powerful reporting and analytical capabilities. Flexible tools to support data collection, automation, integration and workflow
  • Owned and Operated by Tax – Specifically built to allow business users to run and maintain. Retains tax autonomy while tightly integrating with Finance and IT owned systems.
  • Global Focus – Able to address ASC, IAS and local / statutory reporting. Users can work in local GAAP and local currency, while consolidated adjustments and foreign exchange are isolated. Web based, globally accessible
  • Flexibility / Extensibility – Longview Tax can address any customer, industry or jurisdiction specific need through a unique configuration layer that sits on top of the out of box solution. This, along with the bi-directional (push and pull) Excel add-in allows installations to be specifically tailored to each customer’s needs

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Tel: + 1-905.940.1510
Toll-free NA: + 1-888-454-2549

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