MEDIA RELEASE PR36027
Clarity Systems to Demonstrate XBRL Solution for Corporate Actions at Sibos 2009
HONG KONG, Sept. 8 /CNW-AsiaNet/ --
Clarity FSR(TM) rides surging customer demand and critical acclaim from leading analysts to emerge as the
world's first integrated XBRL solution to streamline corporate actions processing
Clarity Systems, a leader in external reporting and corporate performance management (CPM) solutions, today
announced that it will be demonstrating Clarity FSR, its powerful XBRL solution for corporate actions and external
reporting needs at Sibos 2009, taking place September 14-18 in Hong Kong.
"We designed Clarity FSR to help the financial industry, including SWIFT and DTCC, deal with increasingly
complex statutory and regulatory reporting requirements, and its debut at Sibos - the world's premier financial
services conference - will showcase its powerful XBRL and corporate actions functionality," said Mark Nashman,
President & CTO, Clarity Systems.
"Creating and filing corporate actions is an important, although previously neglected, process and we're proud to
work with XBRL US to demonstrate how to automate corporate actions processing using XBRL tags," observed
Nashman.
"SWIFT and DTCC are to be commended for their commitment to the automation of corporate actions using
XBRL, in turn reducing compliance costs while mitigating risk," observes Mark Bolgiano, President and CEO, XBRL
US.
Mr. Bolgiano will join a panel of industry experts on the topic of "XBRL and SWIFT join forces to improve
transparency and increase automation" at Sibos on Tuesday, September 15 - 14:00-14.45, where they will
demonstrate XBRL tagging of corporate actions using Clarity FSR.
Clarity FSR provides single, unified financial governance solution
Clarity FSR is the only enterprise software that automates the external reporting process (e.g., call reports,
corporate actions, annual and quarterly reports, etc.) by linking the report to the source data, enabling
auto-generation of the latest version of the report in multiple formats including XBRL, PDF, Microsoft Word and
Adobe InDesign. "Clarity FSR improves the timeliness and quality of financial industry reporting, in turn
facilitating audits, and improving financial risk management, all key concerns within the Office of Finance," noted
Nashman.
Clarity 6 - the most powerful, unified CPM solution
Clarity will also be exhibiting its Clarity 6 corporate performance management (CPM) software, which integrates
financial budgeting, planning, consolidations, analytics, scorecards and dashboards within a single, unified
application. This web-based platform provides an MS-Excel look and feel to make the application intuitively easy to
use.
About Clarity Systems
Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market
organizations around the world automate their external reporting processes to support the production of regulatory
and statutory reports, and improve their budgeting, planning, consolidations, scorecarding and management
reporting processes. Our unified applications help companies reduce risk while simultaneously improving
operational efficiency. For more information, please visit our website at www.claritysystems.com or call us at 44 (0)
2031784038 in the UK; 1-877-410-5070 in North America or +65-6866-3613 in Asia Pacific (Singapore HQ).
SOURCE: Clarity Systems Limited
CONTACT: Press and Analysts Contact:
Dave Paolini,
Communications Manager,
Clarity Systems Limited,
+1 (647) 242 - 1184,
dpaolini(at)claritysystems.com
NEWS 
