Clarity Systems and EDGARfilings Announce Partnership to Automate SEC Filings
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Performance management and compliance software companies to streamline the financial close process
HOUSTON, TX and TORONTO, ON (November 27, 2007) - 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® 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 more information, please contact:
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: 877-432-3342
scott.schwarz@EDGARfilings.com
