Longview Tax produces all required tax disclosures immediately upon closing GAAP Pretax Income by legal entity. Longview Tax's unique architecture allows simultaneous and dynamic rollups of FAS 109, CICA 3465 and/or IAS 12 disclosures using one version of the underlying financial data. All disclosures are supported by detailed data, by legal entity, and by jurisdiction, and are readily accessed using drill-down functionality.

Importantly, IAS12 and CICA3465 solutions are not just a summary re-working of the FAS109 solution. Longview Tax has been architected from the ground-up to support the unique requirements under each GAAP.

Longview Tax provides best practice functionality out-of-the-box. This includes standard process-flow, reports, and data collection templates. The importance of this is that customers can choose to leverage the standard offering to ensure a solution is available in the shortest amount of time possible. However, you are not limited to the off-the-shelf functionality. The solution can be easily configured to customer and industry-specific requirements. This allows organizations to start with a very basic solution that evolves as your company grows and your tax processes become more streamline. A solution that is flexible enough to grow with you is imperative.

Longview Tax contains pre-packaged functionality for the automated calculation of national/state/provincial income tax provisions and deferred/future taxes by legal entity for any and all taxing jurisdictions worldwide. Each jurisdiction's current and deferred/future tax provisions are calculated on a US, Canadian or IFRS GAAP basis, including deferred tax assets and liabilities.

Longview Tax is proven in handling the data loads of today's complex, global companies. It easily accepts detailed beginning and ending trial balances by legal entity from any general ledger system (e.g. SAP, Oracle, JDE, etc) or other source (e.g. Hyperion, BCS, etc), regardless of the number of legal entities, or accounts. Then, because of Longview Tax's multi-dimensional architecture, data can be rolled up in multiple and different consolidations with the assurance that, at a global, consolidated level, the numbers tie-out. As a result, you can instantaneously report your global results by segment, by geographical area or by legal entity, and by jurisdiction upon close.

Longview Tax calculates and reports the consolidated/global income tax provision, by legal entity - no matter the type of entity - including the effects of any country or provincial/state tax sub-consolidations (e.g., U.K. group relief, Netherlands fiscal unity, U.S. consolidated or State combined or unitary group, etc.). The flexibility of entity structures allows Longview Tax to compute provisions that exactly match the entity consolidations as reflected in all of a company's global income tax returns/reports. This is one way that Longview Tax addresses the tax knowledge gap of global site controllers. They no longer need to understand the tax treatment of a foreign branch, disregarded entity, dual-resident corporation, etc. in order to calculate accurate country provisions since these tax structures are already defined in Longview Tax.

Longview Tax includes easy-to-use tools that allow you to maintain your system as your company changes. For example, this includes the Tax Differences Wizard, user & group lists, and the Hierarchy Manager. For example, the Longview Hierarchy Manager allows you to add or change entities and supports simultaneous legal and management reporting views in a single environment. The Tax Difference Wizard includes built-in financial intelligence to understand balance-to-balance, trial balance pulls, and multi-jurisdictional non-deductibility factors.

With built-in features to ensure strict internal tracking and control over all system activities, Longview Tax easily passes Sarbanes-Oxley and Canadian MI internal control evaluations. Examples include:

• Assigned system access to all users based on their roles within the provisioning process;
• Tracking all users that have accessed the system;
• Identification of any users making changes to an entity structure or tax attribute;
• Tracking of data through the entire data collection and approval cycle, with time/date stamping and all associated users identified;
• Robust analysis and reporting, featuring a broad array of pre-built reports plus capability to easily create and view dynamic or static reports that are fully drillable and exportable to Excel.

You can choose to deploy Longview Tax via two methods--the Longview Tax Software as a Service (SaaS) model or the installation of the solution on your company’s internal systems. The SaaS approach allows your tax department to forgo the typical interaction with internal IT infrastructure. Your team will access the solution over the internet, yet you can rest assured that your data is secure on Longview’s world-class hosting infrastructure. Alternatively, perhaps your organization chooses to keep the software in-house. The Longview Tax platform is time-tested and compliant with the rigid IT requirements within eachcompany.

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, to web-based learning courses, our knowledgeable, industry veterans will ensure you derive maximum value from your investment.