Independent Report also ranks Clarity as top provider of Customer Support

TORONTO, Nov. 23 /PRNewswire/ - Clarity Systems, a leader in corporate performance management (CPM) and financial governance solutions, was recently recognized in The Forrester Wave: Business Performance Solutions Q4 2009 (November 2009) report for its "impressive planning and financial reporting capabilities," in a 10-vendor assessment of a market that Forrester Research, Inc. predicts will grow by a compound annual growth rate (CAGR) of 12.7% through 2012, despite the current recession.

Clarity was a strong performer among a score of BPS criteria for its Clarity 6 and Clarity FSR(R) solutions and mention was made of Clarity's "...focus on addressing key issues for finance (which) has led to the establishment of a top-tier planning solution, as well as a differentiated offering for automating the entire financial reporting and regulatory filing process, including generation of XBRL statements and regulatory documents."

"We take particular pride in having scored the highest in the 'Customer Support' category, which includes customer references," said Mark Nashman, President & CTO, Clarity Systems. "Our objective is to satisfy our customer base long after they've purchased and deployed our solution, so achieving top-ranked scores in customer satisfaction recognizes that we're meeting our objective. This acknowledgement, along with our scores for financial viability, technology characteristics and financial consolidations and reporting expertise reflects our status as a leader in our field," added Nashman.

Clarity 6, which fits into the BPS (also known as corporate performance management) arena, is a single, unified application that integrates financial budgeting, planning, consolidations, analytics, scorecards and dashboards within a web-based interface. Unlike other products that are merged versions of independently developed applications, Clarity 6 is built from the ground up as a unified solution - i.e., every component is designed to fit seamlessly into the next.

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 the external reporting process but also facilitates audits; extends ERP transactional controls; and improves financial risk management.

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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