TORONTO, Nov. 17 /PRNewswire/ – Clarity Systems will be exhibiting the latest version of its unique financial governance solution, Clarity FSR, at the FEI CFRI and XBRL US conferences in New York City, Nov. 17-19. Attendees from the Office of Finance, responsible for financial reporting and XBRL financial reporting specifically, will be able to view the solution that garnered Clarity its ‘cool vendors’ status from a leading industry analyst(1), based on Clarity FSR’s ability to offer “real benefits in terms of business performance.”
“The latest version of Clarity FSR is a boon to both the average, non-technical finance department user, with its simple design for XBRL extension, tagging and validation activities, and the seasoned XBRL expert as well,” said Mark Nashman, President & CTO, Clarity Systems. “Clarity FSR now provides a fully integrated XBRL Taxonomy Editor within the core application. This innovative XBRL taxonomy editor makes it simple for finance users to create XBRL extension taxonomies that comply with the U.S. Securities and Exchange Commission’s XBRL mandate, whereas many other products require an XBRL expert to manage the process for you. Key features of the taxonomy editor include a wizard-based user interface, intelligent error handling with automatic issue resolution, and collaborative taxonomy extension management,” added Nashman.
Clarity FSR is the only enterprise software that automates the external reporting process (e.g., annual and quarterly reports, MD&A, board books, etc.) by linking the report to the source data, enabling auto-generation of the latest version of the report in multiple output formats including XBRL, PDF, Microsoft Word and Adobe InDesign. Clarity FSR is unique because it not only improves the timeliness and quality of financial industry processes and reporting but also facilitates audits; extends ERP transactional controls; and improves financial risk management.
By leveraging Clarity FSR’s powerful external reporting functionality, companies reduce the risk of factual errors, improve operational efficiencies and reduce cycle times while complying with all aspects of the SEC XBRL mandate. With this latest version, Clarity’s leadership in the XBRL marketplace continues.
About Clarity Systems
Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market organizations around the world improve their budgeting, planning, consolidations, scorecarding and management reporting processes, and also automates their external reporting processes to support the production of regulatory and statutory reports. Our unified applications help CFOs reduce risk while simultaneously improving operational efficiency. For more information, please visit our website at www.claritysystems.com or call us at 1-877-410-5070.
