Longview Solutions

Longview Solutions

October 07, 2010 09:31 ET

New Release of Longview Tax Focused on Usability and Enhanced Functional Capabilities

New administrative wizards, enhanced Perm-Temp automation, and new options for dynamic Excel tax workpapers streamline tax provision process

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2010) - Longview Solutions, a leader in Tax Provision and Reporting software, today announced the availability of Longview Tax 7.0.2, a major new release of its industry-leading Tax Technology software. This release continues to build on the already-impressive US GAAP and IFRS Tax Provisioning engine at the core of Longview Tax while focusing on efficiency enhancing features to streamline corporate tax operations.

"Our goal is to create tax software that makes life easier for the tax department," said John Power, President, Longview Solutions. "Standardization, internal control, efficiency and transparency - these are all very important, but it's only one side of the equation. Ease of use is equally as important. Longview continues to raise the bar to provide our customers with the most powerful, yet easy-to-use, tax reporting solution in the marketplace."

Already recognized as the industry's most powerful tax reporting engine, the new release of Longview Tax introduces significant enhancements in three key areas – ease of administration, reporting and technology. These enhancements are designed to give tax department resources more time to focus on value-added activities such as analysis and planning.

Highlights of Longview Tax 7.0.2. include:

Ease of Administrative

Longview Tax 7.0.2 introduces administrative wizards to quickly walk users through typical maintenance activities such as adding legal entities, partnerships, and branches from the same intuitive web-based interface with just a few clicks of the mouse. Furthermore, groups of legal entities can be quickly added from the "bulk entity-add" wizard.

Perm-Temp Automation

The new release introduces a redesigned interface for setup and maintenance of automated permanent and temporary differences. The new Perm-Temp automation allows for very granular automation of book data into the tax provision. For example, clients can easily identify account & cost center combinations for automation for the more difficult-to-automate permanent or temporary differences.

Dynamic Excel Workpapers

Longview's customers have long appreciated the fully integrated Excel workpaper tool. The Longview for Excel Add-in allows users to have dynamic tax workpapers in a tool with which they are already very familiar. This release continues to build on this powerful tool and also allows for uploading of data right from Excel.

Technology Platform

The latest release of Longview Tax leverages the Longview 7 technology platform and includes the same powerful tax calculations, features and functionality Longview 7 gives clients increased flexibility, and even tighter integration with corporate IT infrastructures and compliance software packages.

"More and more tax departments are determined to make the most efficient use of their limited resources, and tax technology is a key part of accomplishing that," says Power. "Longview Tax has everything a tax department needs in order to create a seamless and efficient tax provisioning process".

About Longview Tax

Longview Tax streamlines and automates tax provisioning, tax data collection, and tax planning for today's global organizations, employing best-of-breed data management and global collaboration capabilities. Using Longview's open technology, information is automatically collected from any source system, in any currency creating a single repository of tax information. For more information please visit http://www.longview.com/tax.

About Longview Solutions

Longview Solutions provides corporate performance management (CPM) and tax provisioning software that leading companies such as Trustmark, Time Warner, Home Depot, Eaton, Welch's, and Integrys use to drive performance with speed, visibility and financial integrity. Since 1994, many of the world's most respected companies have been using Longview to create a single repository of financial truth from which all, or any one of the following key financial processes can be performed: Financial Planning, Budgeting, Forecasting, Modeling, Statutory and XBRL Reporting, Financial Consolidation, Management Reporting and Tax Provisioning. Longview is an Exact company headquartered in Toronto, Canada with regional offices in Philadelphia, Chicago (USA) and London (UK).

Longview Solutions and Longview are registered trademarks of Longview Solutions Inc. All other company and product names are trademarks or registered trademarks of their respective companies.

For more information, visit www.longview.com.

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