Longview Tax is a proven comprehensive solution for insurance companies to seamlessly manage global tax accounting processes and improve transparency, efficiency, analysis and auditability.
(PRWEB) April 1, 2011
Longview Solutions, a leading provider of corporate performance management(CPM) and tax provisioning software, announced today that it has launched its first industry-specific solution for its tax provisioning software, Longview Tax.
Longview recognizes the tax challenges that are specific to the insurance industry, including compliance with multiple statutory requirements, including GAAP and SAP (SSAP 10); the handling of unique complex, global tax calculations such as non-admissible deferred tax; and all required disclosures in accordance with FAS 109 and IAS 12, to name a few. “Corporate tax departments in all industries share many of the same challenges and software needs,” says John Power, President of Longview Solutions. “However, the statutory and regulatory requirements of the insurance industry are unique, and we are excited to be able to offer world-class technology that makes tax departments more efficient and equipped to tackle these challenges. Longview Tax is a proven comprehensive solution for insurance companies to seamlessly manage global tax accounting processes and improve transparency, efficiency, analysis and auditability.”
The constantly changing legislative environment of tax rules, rates, and jurisdictions is driving the need for more companies to integrate the tax department with the mainstream finance function. Many of the world’s largest insurance companies are already using Longview Tax to achieve this integration and improve their tax provision process.
As part of this launch, Longview is offering tax executives from companies in the insurance industry the opportunity to speak with a Longview subject matter expert to discuss how Longview Tax can help their company overcome tax reporting challenges. To be eligible for this complimentary call, interested parties will need to complete a brief online form, and a Longview representative will contact them.
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-provision-software-for-insurance-companies.
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 statutory consolidation, management reporting, financial close and XBRL reporting, financial planning, modeling, analysis, budgeting, forecasting and tax provisioning and reporting can be performed quickly and accurately, enterprise-wide. Longview is an Exact company headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA) and London (UK). For more information please visit http://www.longview.com.
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