G4S Chooses Clarity FSR(TM) for External Reporting Needs



    
    Automation of process to produce annual report and accounts to shave
    weeks from financial close to announcements
    

    LONDON, UK, Sept. 1 /CNW/ - Clarity Systems, a leader in corporate
performance management (CPM) and external reporting solutions today announced
that G4S, the world's largest security services provider, has purchased the
Clarity FSR reporting solution to help produce the firm's financial reports
and accounts, to release to the London Stock Exchange (LSE), the Copenhagen
Stock Exchange and file with Companies House, beginning with the firm's fiscal
2009 annual report.
    "The rapid pace of the company's growth and the growing complexity of the
financial reporting process compelled our Group Reporting team to find a more
efficient way to collect and report our numbers," said Trevor Dighton, Chief
Financial Officer, G4S. "By automating the process with Clarity FSR, we
anticipate saving four weeks, resulting in earlier announcements but also with
greater confidence in our reports."
    Designed to help companies deal with increasingly complex statutory and
regulatory reporting requirements, Clarity FSR is the only enterprise software
that automates the external reporting process - such as annual and interim
reports and announcements - 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.
    "We're very happy that G4S selected Clarity FSR to automate their
financial reporting process," said Mark Nashman, President and CTO, Clarity
Systems. "Time spent on manual cross-checks, reconciliations, rounding and
other mainly administrative tasks are significantly reduced with Clarity FSR,
resulting in both increased efficiency and lower risk of error."
    "We are impressed with how Clarity FSR can seamlessly link to our SAP BPC
consolidation system, organising this data and generating our reports in a
variety of statutory and regulatory formats. This eliminates the tedious and
risk-sensitive job of taking the BPC data and creating multiple MS-Excel and
MS-Word files from it, then cutting-and-pasting from each to create our
reports," added Sally Smoker, Group Finance Manager, Reporting & Systems, G4S.

    About G4S

    G4S is the largest security services provider globally with operations in
more than 100 countries on 6 continents, employing 585,000 employees. A FTSE
100 listed company, its shares are listed on both the London and the
Copenhagen Stock Exchanges. The Group had 2008 turnover of (pnds stlg)5.9
billion. It offers a wide range of secure solutions and business processes,
including secure facilities management, security consultancy, event security,
secure transport services, security systems and security services to
governments.

    About Clarity Systems

    Clarity Systems delivers software solutions to the Office of Finance. The
company's software helps organisations around the world improve their
budgeting, planning, consolidations, scorecarding and management reporting
processes, and also automates the external reporting processes required to
produce regulatory and statutory reports. Clarity's unified applications help
CFOs reduce risk while simultaneously improving operational efficiency. For
more information, please visit Clarity's website at www.claritysystems.com or
call 44 (0) 2031784038 in the UK or 1-877-410-5070 in North America.





For further information:

For further information: on Clarity Systems, please contact: Catriona
Bull, Clarity Systems Limited, + 44 203 178 4038, cbull@claritysystems.com;
For Press and Analyst Inquiries: Dave Paolini, Communications Manager, Clarity
Systems Limited, (647) 242-1184, dpaolini@claritysystems.com

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CLARITY SYSTEMS LIMITED

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