longview.com

CASESTUDYLongview Connected Finance | Sandy Spring Bank

Reduced annual strategicplanning & budgeting processcycles by 43%.

Longview Connected Finance | Sandy Spring Bank Case Study

Longview Solution • Planning

• Consolidation

• Tax

• Design, development, and deployment advisory services

Benefits And Impact • Simplified loan forecasting leveraging single source of data for ALCO and business line forecasts including run-off, renewals & new production

• Improved performance reporting and analysis

• Role based web dashboards with Key Performance Indicators (KPIs)

• Centralized report production – all reports reflect “one version of truth”

• De-centralized performance variance analysis and reporting

• Reduced annual strategic planning & budgeting process cycles by 43%

• Adopted rolling forecasts with time horizon extending beyond year-end

• Streamlined financial close and management reporting processes

• Increased management confidence in accuracy of plans, forecasts, & reports

Longview Solution • Planning

• Consolidation

• Tax

• Design, development, and deployment advisory services

Benefits And Impact • Simplified loan forecasting leveraging single source of data for ALCO and business line forecasts including run-off, renewals & new production

• Improved performance reporting and analysis

• Role based web dashboards with Key Performance Indicators (KPIs)

• Centralized report production – all reports reflect “one version of truth”

• De-centralized performance variance analysis and reporting

• Reduced annual strategic planning & budgeting process cycles by 43%

• Adopted rolling forecasts with time horizon extending beyond year-end

• Streamlined financial close and management reporting processes

• Increased management confidence in accuracy of plans, forecasts, & reports

The ClientSandy Spring Bank is independent, community oriented, and conducts a full-service commercial banking business through 43 community offices located in Anne Arundel, Carroll, Frederick, Howard, Montgomery and Prince George's counties in Maryland, and Arlington, Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a range of insurance and investment management services. The Company operates in three segments: Community Banking, Insurance and Investment Management.

Business Issues • SAP BusinessObjects Planning (INEA) and Excel based strategic planning, budgeting, consolidation, and performance management reporting models

• Labor intensive data collection and report development process

• Limited forecasting and “What-If” modeling capabilities

• Increased internal profitability and external regulatory reporting requirements

The ClientSandy Spring Bank is independent, community oriented, and conducts a full-service commercial banking business through 43 community offices located in Anne Arundel, Carroll, Frederick, Howard, Montgomery and Prince George's counties in Maryland, and Arlington, Fairfax and Loudoun counties in Virginia. Through its subsidiaries, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a range of insurance and investment management services. The Company operates in three segments: Community Banking, Insurance and Investment Management.

Business Issues • SAP BusinessObjects Planning (INEA) and Excel based strategic planning, budgeting, consolidation, and performance management reporting models

• Labor intensive data collection and report development process

• Limited forecasting and “What-If” modeling capabilities

• Increased internal profitability and external regulatory reporting requirements

REQUESTA DEMO

+49 (0) 2173 1676-0EUROPE

1-888-454-2549NORTH AMERICA