HOUSTON, TEXAS--(Marketwire - July 26, 2012) - Longview Solutions and Acorn Systems today announced that Roswell Park Cancer Institute, America's first cancer center founded in 1898, has selected Longview Profitability Analytics. Powered by Acorn Systems, the Longview Profitability Analytics solution will provide Roswell Park Cancer Institute with extensive insight into revenues, costs, margins, and operations, allowing the organization to make the optimal financial decisions needed to enhance the high standard of patient care the organization has long provided.
Longview Profitability Analytics is an enterprise-scale application that holistically measures the revenue, cost and net profitability of any dimension of a business, including customers, products, suppliers, channels, orders and transactions, to intelligently drive cost reduction and maximize profitable revenue growth.
Roswell Park will leverage Longview Profitability Analytics to replace a manually-calculated homegrown model. The new automated solution will drive a deeper understanding of the entire organization's cost structure, as well as provide insight into the value of the various care centers, treatments by type of cancer, and patient segments.
"Profitability optimization is becoming increasingly important with the rising costs of providing quality healthcare," said Greg McDonald Chief Financial Officer, Roswell Park Cancer Institute. "With this profitability solution, we hope to gain detailed analysis into our operational costs and revenue so that we can improve our financial performance and more easily provide the high standard of care our patients are accustomed to receiving at Roswell Park Cancer Institute."
Longview Profitability Analytics, powered by Acorn Systems, augments the financial insight that the Longview Consolidation and Planning applications currently provides Roswell Park Cancer Institute with:
- Enterprise-wide visibility into every aspect of its revenues, costs, net profits, and resource capacity/utilization with insight that is verifiably accurate and valid
- A multi-dimensional view of its business and a deep understanding of the root cause behind costs and net profitability
- Powerful analytical reports to highlight issues and impact of key drivers on net profitability
- Scenario analysis, including actual, plan and forecast, to optimize cost and profitability
"For more than 100 years, Roswell Park Cancer Institute has served as the center of hope for cancer patients all over the world, Longview is proud of the long-term relationship we have developed with such a highly-respected, world-class healthcare organization," said John Power, CEO, Longview Solutions. "With the addition of Acorn Systems' rich and accurate profitability, cost and driver insight to Longview's single repository of the financial truth, Roswell Park Cancer Institute can make profitability-optimized decisions in harmony across the entire Institute - from staff management to the medical team," said J. Alex Fernandez President, Acorn Systems.
About Longview Solutions
Longview Solutions provides a corporate performance management (CPM) and tax data management platform that leading companies such as Trustmark, Time Warner, Home Depot, Lexmark and Welch's use to drive performance with speed, visibility and financial integrity. Since 1994, Longview has been helping clients 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, profitability analytics, tax data collection, tax provision/reporting and tax planning. Longview is an Exact company headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA) and London (UK).
About Acorn Systems
Acorn Systems provides companies with profitability and cost management solutions to drive better business decisions. Over the past 12 years, Acorn has delivered profit improvement results for Global 2000 companies in the Financial Services, Retail, Consumer Products, Manufacturing, Distribution, Logistics and Services sectors. Combining proprietary technology with proven methodology, Acorn reveals profit opportunities across the enterprise, including customers, channels, segments, products, vendors, and processes. Our unique approach enables clients to achieve results in a fraction of the time of traditional approaches, and to make continuous, fact-based decisions to improve their bottom line.