Clarity Systems to Present One-of-a-Kind "Integrated XBRL" Solution at 18th XBRL International Conference

    Clarity FSR(TM) to be presented at Washington show, October 15-16; an
    integrated XBRL solution for automating the external reporting process

TORONTO, Oct. 10 /PRNewswire/ - Clarity Systems, a leader in corporate performance management (CPM) and financial reporting solutions and a silver sponsor of the 18th XBRL International Conference, will be showcasing the latest version of its Clarity FSR automated external reporting solution in booth 8, Ronald Reagan Building and International Trade Center. Clarity FSR improves the efficiency of the external reporting process, while delivering multiple output formats including XBRL, MS-Word, .pdf and EDGAR-ready HTML.

"Clarity FSR has been gaining rapid market acceptance, with Fortune 500 and mid-market clients leveraging the solution's unique ability to create efficiencies and reduce the risks inherent in external reporting production," said Frank Pizzolato, CEO, Clarity Systems. "XBRL files are generated simultaneously with standard SEC filings without needing to retag, all the while keeping control of accounting decisions 'in-house.' This seamless, all-inclusive automation of what have traditionally been error-ridden manual processes, complete with audit and workflow capabilities, sets Clarity FSR apart from the competition."

The solution will form part of the Vendor Showcase presentation on October 15 (6.20PM) and Mr. Pizzolato will also present a high-level view of interactive document creation as part of the Deloitte "Tools and Services for SEC Filings" session in the Preparer Track, October 15 (4PM). He will also be joined by Neal Hannon - well-known XBRL consultant, author of numerous articles and blog postings on XBRL and active member of the XBRL consortium - for consultations.

Clarity FSR's ability to generate Inline XBRL output will also be discussed. When created with Clarity FSR, financial reports retain the highly formatted look of a MS-Word document and can also contain embedded XBRL tags. Now, for example, when viewing one's SEC report, clients can select "Highlight XBRL" which in turn will expose each and every number and all text in the report that is tagged with XBRL. Furthermore, hovering over each highlighted tag shows XBRL tagged data details, giving users important background information when required.

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.

SOURCE Clarity Systems Limited

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