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Investing in Tax Technology by Longview Solutions Mitigates Risk for Businesses
Tax experts from Deloitte, Ernst & Young, PwC, and Longview Solutions all agree that implementing tax technology is a wise investment to address today's tax challenges
By: Marketwired .
Nov. 9, 2012 04:01 AM
TORONTO, ONTARIO -- (Marketwire) -- 11/09/12 -- Against the backdrop of tighter regulations, greater public scrutiny of company tax affairs, and the pressure to modernize the operations of the tax department; it is crucial that tax departments take control of their tax data through the implementation of a robust tax solution. Three of the top accounting firms, Deloitte, Ernst & Young (E&Y), and PwC, all share this opinion in a newly released video and talk about the costly financial consequences of not making the investment.
Hear what the experts from Deloitte, E&Y, PwC, and Longview have to say in the video as they discuss the challenges faced by tax departments, the risk that is inherent with a manual spreadsheet tax provisioning/reporting process, and how companies need to turn to technology to automate the tax process and mitigate risk under the tighter regulations coming down the pipe.
One of the anticipated changes includes the impact to Capital Calculations as the tax elements of the data are going to be crucial to Capital Planning and Forecasting as well as reporting. Businesses will need an advanced solution, like Longview Tax, to handle the volume of data and be able to report more frequently and with multiple versions of information so that they can respond to the business and ultimately to the market and regulator in terms of Capital Calculations.
Longview Tax delivers the transparency and accuracy demanded by tax authorities, auditors, and corporate stakeholders, from CEOs to finance executives to shareholders. Longview's proven technology gives tax departments the tools they need to manage the vast volumes of tax data generated by today's enterprises and streamline tax processes for maximum efficiency.
As Gold Certified Tax Service Providers of Longview Tax, Deloitte, E&Y, and PwC will continue to partner with Longview to educate the market on changes that will impact organizations and share solutions available to address them.
About Longview Tax
Longview Tax is a Tax Data Platform (TDP) that unifies the technology and processes necessary to collect, report and own all tax department data. Based on Longview Solutions' proven expertise working with a wide range of companies and industries, including some of the world's most complex multinational corporations, Longview Tax seamlessly integrates with any source system or tax point solution providing a data platform from which all global tax data needs and reporting processes can be performed, including: direct or indirect tax data collection, transfer pricing, tax planning and provisioning/reporting.
For more information please visit www.longview.com/tax.
About Longview Solutions
Longview Solutions provides a corporate performance management (CPM) and tax data management platform that leading companies such as Aon, Brunswick, Lexmark, The Home Depot, Trustmark, and use to drive performance with speed, visibility and financial integrity. Since 1994, Longview has been helping clients 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, disclosure management/XBRL reporting, statutory consolidation, management reporting, profitability analytics, tax data collection, tax provision/reporting and tax planning. Longview is an Exact company headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA), London (UK), and Amsterdam (NL).
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