Clarity Systems and EDGARfilings Announce Partnership to Automate SEC Filings



    Performance management and compliance software companies to streamline
    the financial close process

    HOUSTON and TORONTO, Nov. 27 /CNW/ - Clarity Systems, a leader in
corporate performance management (CPM) solutions and EDGARfilings, the leading
provider of Securities and Exchange Commission (SEC) compliance software and
services, today announced a partnership to offer a seamlessly integrated
financial reporting solution.
    This partnership is an exciting opportunity for public companies as they
can now create SEC reports using Clarity Financial Statement Reporting (FSR)
and electronically file these reports with the SEC using EDGARizer software.
Clarity FSR, a software solution launched by Clarity Systems earlier this
year, produces external financial documents, such as the 10K and 10Q, and
other regulatory reports. EDGARizer software converts and transmits properly
formatted and compliant documents to the SEC within tight filing deadlines
while saving customers' time, money and personnel resources.
    "Clarity Systems offers the only CPM solution with the ability to
automate the creation of external financial reports with a secure audit trail,
automatic rounding, compliance checklists, workflow, and business rules -
within an easy-to-use application," says Mark Nashman, President, Clarity
Systems. "This partnership with EDGARfilings further extends our solution by
providing our customers with the ability to electronically file their
financial documents with the SEC, in an EDGAR-ready format."
    Clarity FSR is a key component of Clarity 6 - the only web based, unified
and open CPM solution available on the market. Now with Clarity 6 and
EDGARfilings, organizations have a complete end-to-end solution for the
financial close process as well as industry leading capabilities for
budgeting, planning, reporting and analysis.
    "As the most widely-used EDGAR conversion software, EDGARizer simplifies
every step required to convert and transmit EDGAR compliant documents to the
SEC," says Andrew Neblett, CEO, EDGARfilings. "We are truly pleased to have
Clarity Systems partner with us to broaden our offering with Clarity FSR
software. With compliance and financial reporting requirements being top of
mind for companies, adopting software solutions to streamline the process is a
high priority. Clarity shares our strategy of developing high quality
solutions for customers to simplify this process."

    About EDGARfilings

    EDGARfilings is the leading provider of EDGAR filing solutions, serving
thousands of financial, legal and corporate clients across the globe since
1993. They create easy-to-use software and online applications while also
delivering cost effective outsourcing solutions that provide financial
professionals greater control, reduced cost and attractive documents compliant
with SEC mandates. With the market leading EDGARizer(R) software and as one of
the largest service providers in the industry, EDGARfilings has simplified
every step of filing documents with the SEC. With it latest offering,
EDGARizerX(TM), EDGARfilings provides the quickest and easiest way to comply
with the SEC's rapidly moving XBRL initiative. It is no wonder that more
Fortune 500 companies, law firms and printers trust their SEC compliance to
EDGARfilings than any other provider. For more information, visit
www.EDGARfilings.com or call 877-432-3342.

    About Clarity Systems

    Clarity Systems delivers superior CPM software solutions, training,
consulting, and advisory services for financial budgeting, planning,
reporting, consolidation, and analytics to a large client base located around
the world. With a rich feature set, Clarity 6 is a unified application that
offers the flexibility, security, and control needed to meet compliance
requirements, make more informed business decisions, and ensure better
corporate responsibility. As a Branham 300 top 100 IT company, Clarity Systems
continues to experience a large growth in revenue, expand its client base, and
lead the industry as the CPM solutions' specialist. For more information on
Clarity, please visit our website at www.claritysystems.com or call us toll
free at 1-877-410-5070.





For further information:

For further information: Joanna Bonos, Media Relations, Clarity Systems
Limited, (416) 250-5500 ext. 417, Toll free: 1-877-410-5070 ext. 417,
pr@claritysystems.com; Scott Schwarz, Vice President, Sales and Marketing,
EDGARfilings, (713) 621-1897, Toll free: 1-877-432-3342,
scott.schwarz@EDGARfilings.com

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CLARITY SYSTEMS LIMITED

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