Effective April 1, 2011, Clarity will be altering the packaging of Clarity FSR into two separate offerings, Clarity FSR for Internal Reporting and Clarity FSR for External Reporting, in order to better align with how customers are automating and managing their formal reporting processes. With Clarity FSR, organizations can easily combine financial data, operational details, commentary, notes, charts and pictures – virtually an unlimited assortment of content – into a single document. By integrating all of these information resources, customers are able to reduce the possibility of errors, while quickly and easily producing documents for external filing as well as for internal management reporting.
“As customers face more demands for both high-value internal (e.g., board books) and external reports (e.g., regulatory financial statement disclosures) rich in both performance data and accompanying text in footnotes and related discussion and analysis, companies want to have a single technology platform for managing these auditable processes with highly specialized workflows and parallel collaboration under tight time deadlines, but retain flexibility to implement in phases,” said Mark Nashman, president & CTO, Clarity Systems. “With today’s announcement Clarity continues to be the only company that provides a full featured, comprehensive solution for formal reporting with different packages that match customer deployment priorities or requirements.”
Since its release over four years ago, over 300 companies have selected Clarity FSR including brand-names such as British Airways, Equitable Trust, Oglethorpe Power and Meridian Bioscience. By leveraging functionality such as integrated XBRL tagging, collaborative report-building, a tight audit trail and multiple output formats, Clarity FSR customers are improving efficiency while simultaneously reducing risk in their reporting processes.