IMI PLC Selects Clarity FSR(TM) For Annual Report and Accounts Creation

KPMG (UK) joins Clarity Systems in providing an end-to-end reporting solution to FTSE 250 Firm

TORONTO, May 19 /PRNewswire/ - Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions, today announced that IMI PLC, a worldwide firm delivering innovative engineering solutions to leading global customers, will adopt Clarity FSR as its external reporting solution.

IMI will integrate Clarity FSR with its existing source systems to drive the content behind the firm's Annual Report and Accounts creation, as well as deliver RNS submissions to the London Stock Exchange and XBRL filings to HMRC and Companies House. In addition, Clarity FSR forms a key component of IMI's system for standardizing the production of statutory accounts across a number of IMI's subsidiary companies.

"Clarity FSR will deliver much improved control over the external reporting process and drive additional, significant efficiencies across multiple report formats including ARA, RNS and Statutory Account production," said Iain Moore, Financial Controller, who added that "...the ability of Clarity's solution to automatically generate inline XBRL (iXBRL) documents, which are soon to be a statutory requirement in the UK, also influenced our decision."

As a FTSE 250 company, IMI has been listed on the London Stock Exchange since 1966 with revenues in excess of $2 billion, employing 13,000 staff worldwide.

"In achieving yet another win for Clarity FSR, I would like to compliment IMI for its vision and thank KPMG for its assistance in delivering an end-to-end solution," said Mark Nashman, President and CTO, Clarity Systems. "The win was sold in conjunction with KPMG, and is a direct result of our developing relationship with this leading provider of implementation services across the globe."

Clarity FSR is an innovation for the Office of Finance that makes it easier to create and submit external financial and regulatory reports such as annual and quarterly reports, with unique integrated XBRL capabilities. Clarity FSR is the only product of its kind on the market.

Clarity Systems will be delivering industry insights and a host of practical seminars on Clarity FSR and Clarity 6 (CPM) at its customer conference, Vision:10, May 16-19 in Scottsdale, Arizona. Companies interested in hearing real-life user experiences, industry overviews and attending educational workshops around our visionary solutions are encouraged to visit http://www.claritysystems.com/Vision/ for more details.

About IMI

IMI is a dynamic, worldwide company delivering innovative engineering solutions to leading global customers in clearly defined niche markets. IMI businesses share a common goal - to convert their industry knowledge and market insight into customised, design-engineered solutions which create customer advantage and value. Close customer relationships, strong positions in growing markets and clear differentiation through technological innovation or service are the defining characteristics of all IMI businesses.

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 in North America or 44 (0) 2031784038 in the UK.

SOURCE Clarity Systems Limited