Longview Tax is engineered to be a best-of-breed tax data system. This starts with collecting all the data that will ultimately drive the tax provision. This includes automatically collecting book and tax data from general ledgers (such as SAP, Oracle, or any other G/L), consolidation systems (such as Hyperion, BCS, etc) and other source systems (such as fixed assets or other sub-ledgers). It also includes all the data that must be manually collected – via our easy-to-use, web-based tax packages. The web tax packages include robust workflow and internal controls to ensure you are always on top of the time consuming process managing numerous tax packages.

As data enters the system it is dynamically consolidated, translated for foreign currency and tax differences are calculated with the results validated against the book details. The information can then dynamically consolidate into complex tax consolidation and sub-consolidations. Longview Tax’s ability to display the transparency of the consolidations and sub-consolidations is unique in the marketplace.

The next step is the automatic calculation of the provision details. This includes current, deferred, rate reconciliations, tax basis balance sheet, tax account reconciliations, and tax journal entry. The provisioning capabilities address the very specific requirements under FAS109, IAS12, CICA3465, and FIN48. The software also addresses Federal, State, and Provincial requirements. Once complete, Longview Tax provides boardroom quality disclosures for the footnote. This also includes full support for interim reporting requirements (FIN18 & IAS34).

Although often overlooked, the transparency and analytical capabilities of a tax solution may be the single most important factor leading to improving your tax department processes. Longview Tax includes analytical tools that provide you unparalleled access to your results. Intuitive reports allow you to compare year-over-year, quarter-over-quarter, or even actuals-vs- forecasted ETR. Ad hoc analysis that once may have taken days is available to you in a matter of seconds. This capability empowers your resources to focus on truly value-added activities.

Longview Tax provides robust capabilities to ensure seamless integration with your compliance system. Provision details can flow directly to your compliance system. And, likewise, the final return details are easily brought into the software to support the return to provision true-up. The flexibility of the tool allows you to keep your compliance system of choice, but rely on the best-of-breed provisioning technology from Longview.