Leading Industry Analyst Firm Cites Clarity Systems in XBRL Report



    CIOs need to understand impact of XBRL on their strategies for finance
    systems, corporate performance management (CPM) and business
    intelligence (BI), according to Analyst Firm

    TORONTO, June 2 /CNW/ - Clarity Systems, a leader in corporate
performance management (CPM) solutions, today announced that Gartner, Inc. has
included Clarity in a recent report(1) for its corporate performance
management (CPM) application which provides full regulatory reporting in XBRL
format.
    Firms wanting to align their financial reporting with the U.S. Security
and Exchange Commission (SEC) proposal for future XBRL filings, announced May
14, 2008, need not purchase standalone XBRL tagging tools. They can enjoy the
benefits of a world-class application for automating their external reporting,
using Clarity FSR(TM) and file the resulting documents with the SEC in a wide
variety of formats including XBRL.
    "We applaud the SEC for promoting the use of XBRL formats, since it will
make it easier to compare financial information between companies, which is
great for investors," said Mark Nashman, President and Chief Technology
Officer, Clarity Systems.
    "As Gartner recognizes, firms relying on '...spreadsheets and manual
processes to produce consolidated financial data should immediately enact
plans to implement CPM applications that provide XBRL reporting
capabilities.(2)' Many of our customers have done exactly that, and have
implemented or are in the process of implementing Clarity FSR to automate the
process for creating and filing financial reports, rather than risk the errors
and missed deadlines that often occur with manual processing," Nashman added.
    Using Clarity FSR's unique 'tag once' technology, users can easily tag
financial data and commentary once. Tags are automatically carried forward to
future reporting periods - thereby reducing manual activities. Furthermore,
changes in the source data will automatically flow into the XBRL document with
no manual intervention required. Users can easily extend their
company-specific taxonomy using the Taxonomy Designer within the product and
also view final XBRL reports using Clarity's XBRL Viewer. All of this is
delivered with the full audit trail and workflow functionality designed into
Clarity FSR.

    For more information on Clarity Systems and Clarity FSR, please visit
http://www.claritysystems.com.

    For more information on Gartner and the research note referred to, please
visit http://www.gartner.com

    About Clarity Systems

    Clarity Systems delivers superior Corporate Performance Management
software solutions for financial budgeting, planning, forecasting,
consolidation, analytics and financial statement reporting to a large, global
client base. With a rich feature set, Clarity 6 and Clarity FSR are unified
applications that offer the flexibility, security, and control needed to make
more informed business decisions while meeting compliance requirements. Named
as one of Profit's 100 fastest growing companies and a Branham 300 top 100 IT
company, Clarity Systems continues to lead the industry as the independent CPM
specialist. For more information, please visit our website at
www.claritysystems.com or call us at 1-877-410-5070.

    -------------------------
    (1) Gartner, "Q&A: The Impact of XBRL on Corporate Performance
    Management" by Nigel Rayner, May 27, 2008. Research Note ID Number
    G00158184.

    (2) Ibid.





For further information:

For further information: Dave Paolini, Communications Manager, Clarity
Systems Limited, (416) 250-5500 ext. 417, Toll free: 1-877-410-5070 ext. 413,
dpaolini@claritysystems.com

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