Flexible, Configurable System Accommodates Multiple Data Sources and Currencies
The Client
In the 165 years since the company was founded by John Brunswick, a Swiss immigrant woodworker who began operations building billiard tables in Cincinnati, Brunswick Corporation has become a world leader in the marine, fitness, bowling, and billiards industries. Its four main business units—Mercury Marine Group, Brunswick Boat Group, Life Fitness Division, and Brunswick Bowling & Billiards—boast widely recognizable brands such as Sea Ray, Bayliner, Mercury, Quicksilver, Hatteras, Princecraft, Boston Whaler, Life Fitness, Hammer Strength, and, of course, Brunswick.
Business Issues
Complex structure and systems including 50+ data source systems, 250 reporting units, and 25 local currencies
Multiple and separate reporting applications that required manual data consolidation
No unified reporting process across multiple divisions producing inconsistent numbers
More time spent reconciling numbers than managing business
Information disseminated via multiple emails
Solution/Benefits
Implemented Longview Consolidation and Tax solutions to streamline and improve global financial close process
Design, development, and deployment advisory services
Flexible, configurable system accommodates multiple data sources and currencies
Easy drill-down access to source-level data supports greater detailed reporting
Early error detection increases data accuracy and reduces consolidation cycle time
Greater management confidence in the numbers due to better data quality and consistency
Automated workflow improves monthly close cycle efficiency
Single system, single database reduces IT complexity.
"The Longview team and application simply outshone the other vendors, and every time a question came up during the demonstration that the selection committee had considered a problem previously, Longview already had a solution. We realized very quickly that Longview Consolidation was the one that would work best for us.”
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