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Research Papers

Using Sarbanes Oxley to Initiate a Strategic Tax Technology Roadmap

Inhale..... exhale...... deep...... slow...... step back..... think ahead. Imagine an end-to-end tax solution and process that is SOX compliant and enables your CFO, your auditors, or your Audit Committee to drill down on the income tax footnote and see the math behind the tax disclosures shortly after closing. A day when tax closes simultaneously with corporate accounting, with the accuracy required to file tax returns, all in accordance with well thought out and well executed tax plans. Imagine inverting the tax workload from 80% data manipulation and compliance to 80% planning and tax risk management. You can imagine the downstream effect on the tax defense process. Seven years later you can still see the rationale, the math, and the audit trail behind your global income tax numbers. In this new world with an end to end tax solution you are no longer putting out fires. You are in control. You have the luxury to be strategic, delivering value to your company and shareholders like never before.

Transforming Finance: The Path to Effective Corporate Performance Management

By John Power, President, Longview

Each move of an accomplished chess player is preceded by reflective consideration. Where am I now? Where am I headed? Am I making the right moves at the right time? Am I on track strategically? If not, how do I correct my position?

If you’re a decision-maker that is actively involved in the strategic planning and direction setting for your organization, these questions should be familiar to you. You determine where the company is; decide on a destination; chart a course; give directions; set goals; lead the troops; measure progress; and report to stakeholders. Sounds simple; but managing today’s enterprise is an extremely complex undertaking compounded by the harsh and unforgiving nature of today’s economic and regulatory climate.

In response to these pressures and to the rapidly growing complexity of today’s business environment, a growing number of organizations of all sizes are implementing Corporate Performance Management solutions to achieve a better-managed and optimally performing organization.

To Build or Not to Build?

Considerations for when you and your organization are deciding whether to buy vs. build software to support the Tax function.

The buy vs. build question is a question that continues to trouble people looking at removing spreadsheets from the tax reporting process; therefore, it’s important to review why companies are investing in of-the-shelf solutions. To make a well-informed decision and avoid surprises, there are three things that must be taken into consideration: Cost, Time and Risk.

 
The Business Case for a Tax Provisioning/ Reporting Solution

The timeliness and accuracy of tax data are chronic causes of concern for the office of the CFO. Over the last two decades, companies have invested heavily in enterprise resource planning (ERP) and financial consolidation systems in an effort to improve transaction efficiencies and shorten close cycles. The introduction of legislation early in the millennium — Sarbanes-Oxley in the United States, for example, and new regional laws in other areas of the world — led to additional investments in controls to support the numbers. The success of these new finance systems, however, has had a limited impact on corporate tax, the department that needs the most detailed financial information, and the one that is responsible for managing the biggest expense item in the company P&L: the income tax. 

With the new global legislative demands and the risk that is inherent with a manual spreadsheet tax provisioning/reporting process, companies need to turn to technology to automate the process and mitigate risk. 

Tax Transparency – About Time!

The movement towards greater Tax transparency is affecting large multi-nationals and small public companies alike. How can today’s tax department confidently report their numbers and ultimately provide the level of transparency that is now becoming standard? Download this article now to find out how increased transparency plus increased controls equals confidence in the tax numbers for all stakeholders.

Tax Technology Adoption - Outlook

The tax agenda of large and medium-sized international operating organizations has changed dramatically since 2008. Under pressure created by the economic crisis, Tax Administrations are looking for more efficient ways to create a transparent tax compliance process resulting in better data management. Getting proper data in an efficient and effective way out of the organization is the key challenge. For many years Corporations accepted opaque tax data due to aggressive or even questionable tax behavior to minimize their tax burden through legal interpretation of tax law, but now the driving force is transparency to show internal and external stakeholders one is compliant with tax laws and regulations.

Longview Analytics Scores High in The BI Survey 16

Once again this year, Longview Analytics has achieved a good set of results in The BI Survey, standing out in KPIs such as ‘Flexibility for users’, ‘Innovation’, ‘Project success’ and ‘Business bene ts’. Longview Analytics’s approach to business intelligen- ce – o ering a highly exible development platform that can access numerous data sources – clearly seems to convince custo- mers, particularly in mid-size and large enterprises. With tailored dashboarding, reporting, analysis and planning applications de- veloped with Longview Analytics, customers stand to gain many business benefits.

Longview Analytics Scores High in The BI Survey 16

Once again this year, Longview Analytics has achieved a good set of results in The BI Survey, standing out in KPIs such as ‘Flexibility for users’, ‘Innovation’, ‘Project success’ and ‘Business bene ts’. Longview Analytics’s approach to business intelligen- ce – o ering a highly exible development platform that can access numerous data sources – clearly seems to convince custo- mers, particularly in mid-size and large enterprises. With tailored dashboarding, reporting, analysis and planning applications de- veloped with Longview Analytics, customers stand to gain many business benefits.

Improving Corporate Tax Effectiveness: Trends and Technology

If you’re a tax executive at a large company in north America or europe, chances are you’ve felt the downturn’s squeeze. In a recent survey among senior tax personnel at U.S., Canadian, and european companies, CFO Research Services found evidence suggesting that many tax departments on both sides of the Atlantic have responded to the downturn’s “do more with less” mandate by postponing improvement initiatives, even as taxing authorities turned up enforcement pressure in an effort to maximize revenues.

The tax executives who responded to our survey anticipate that effective tax planning will become an increasingly important focus in the coming years, and they recognize that investing in improvements aimed at high-value planning activities would make a substantial contribution to tax’s ability to fulfill that mandate. But with few resources to go around—and a long list of priorities—how can tax executives successfully make the business case for improvement to their CFOs?

How to Select the Right Performance Management Application

Both business and IT perspectives are critical to ensuring the long-term success of a performance management initiative. Overlooking either can lead to dissatisfaction and even to failure. If technical requirements outweigh business requirements, for example, it can lead to the selection and deployment of solutions that may not meet original business objectives. On the other hand, if technical requirements are overlooked, system problems or issues may arise (e.g. hardware, software, network, etc.) or it might lead to an increase in the burden placed on IT staff.

Business leaders must take an active role in the vendor selection process and team up with IT to ensure the selection of the right CPM platform. This paper offers some tips to help guide a business buyer in the selection process.

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