Single Integrated Application to Do Both Consolidations and Monthly Reporting

Business Issues

• Excel-based consolidation process

• Labor-intensive data collection and inefficient consolidation process

• Not enough time for data analysis

• Data integrity issues (manual input, Excel formulas errors)

• Decision was made to replace Longview by Hyperion in 2009. That decision has been reversed in 2013 due to issues with Hyperion.

Longview Software and Service Solutions

• Consolidation

• Key Consolidation Processes:

  • Data structures mirrors PeopleSoft for better integration

  • Proportionate consolidation

  • IFRS

  • Intercompany eliminations

  • Recurring and calculated journal entries

Solution/Benefits

• Improved data integrity and greater level of detail

• Centralized repository for all financial data—“one version of truth”

• More time for analysis vs manual processes

• Improved consolidation process