Longview announced today that it has launched its second industry-specific toolkit for its CPM software, this time geared towards the financial services and regional banking industries.
Longview recognizes there are specific challenges faced by regional banking and financial services institutions, including managing spreads, planning product (loan/deposit) mix and volume; assessing the impact of asset-liability mix (net interest) on net income; and planning/modeling for full P&L and integrated Balance Sheet, including interest rates spreads, growth, payroll, and non-interest income.
Many leading regional banks and financial services companies in Canada, the US, and the UK are turning to Longview to solve these challenges using Longview CPM as their single, comprehensive, finance-owned solution to address their unique requirements. “By collaborating with our existing customers in this industry and identifying their financial requirements Longview is able to better understand the distinct challenges faced by companies in this sector and provide a performance management solution that can better manage risks and predict profitability while optimizing financial processes,” said John Power, President of Longview Solutions.
Business Finance Webcast
As part of this launch, Longview has partnered with Business Finance and BPM Partners to host a free, informative webcast. Scheduled for July 12, 2011, the webcast - “5 Common Mistakes Regional Financial Institutions Should Avoid when Implementing Performance Management Systems” - will highlight best practices for finance executives in the regional banking and financial services industry. “Organizations that invest in Performance Management solutions in challenging economic times tend to be more successful during a market upturn” said Timothy Wall, Vice President of Client Services, BPM Partners. “This is good news for the market in that Longview can better assist regional financial institutions that are faced with unique, complex challenges. These organizations have historically addressed these challenges with manual spreadsheet solutions or packaged applications that may now be obsolete, so Longview provides an attractive alternative for them.”
In addition, Longview is offering interested finance executives a variety of resources, including:
• A free consultation with BPM Partners regarding best practices to develop a Performance Management roadmap for financial institutions
• A complimentary RFP template specific to financial services available for download
• A downloadable whitepaper
For more information, to sign up for the webcast, and to download the free RFP template, please visit longview.com/planning-consolidation-reporting-for-financial-institutions.
About Longview Solutions
Longview Solutions (longview.com) provides corporate performance management (CPM) and tax reporting 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 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, Tax Provisioning, Uncertain Tax Positions and Tax Data Warehouse. Longview is an Exact company headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA) and London (UK).