Software furthers collaborative financial planning.
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Press Release Summary:
Offered as corporate performance management (CPM) solution, Clarity 6 Legal Edition v2.0 facilitates collaboration during budgeting cycle by providing budgeting, planning, and reporting capabilities for professional services organizations. Functionality is further expanded with financial variance reporting and analysis. Users can also drill down from report to single transaction and view invoice/expense details or attach commentary to specific field.
Original Press Release:
Clarity Systems Launches Clarity 6 Legal Edition 2.0
Latest edition of corporate performance management solution provides comprehensive planning, reporting and analysis for the legal industry
Toronto, ON (February 20, 2008) - Clarity Systems, a leader in corporate performance management (CPM) solutions, today announced the launch of Clarity 6 Legal Edition 2.0, a newly enhanced budgeting, planning, and reporting software solution for professional services organizations.
With new functionality and features, Clarity 6 Legal Edition 2.0 has sophisticated capabilities that extend beyond budgeting to include financial variance reporting and analysis. Variance analysis of data such as billings, expenses, compensation and hours at the timekeeper level are now easily accessed and compared in real time. This offers professionals the flexibility to conduct variance analysis and reporting across multiple scenarios or over periods of time. Clarity 6 Legal Edition 2.0 also allows users to drill down from a report to a single transaction and view invoice/expense details or attach user commentary to a specific field.
These enhancements are specifically designed to meet the complex performance management needs of professional services firms. Since the initial launch of Clarity 6 Legal Edition in June 2007, approximately two dozen firms have increased efficiency and flexibility with the software solution. Out-of-the-box, the software is pre-defined to meet most of the specific needs of the industry, ensuring a fast implementation and immediate results.
"Clarity Systems is committed to improving financial processes and providing professional services organizations with clear insight into their corporate performance," said Paul Hill, COO at Clarity Systems. "Clarity 6 Legal Edition 2.0 reflects our mission to provide professionals with the most comprehensive and innovative solution for improved financial performance in the industry."
Clarity Systems' expertise in providing legal vertical solutions is strengthened by its partnership with Thomson Elite, a leading provider of financial and practice management systems to professional services markets worldwide. Clarity 6 Legal Edition 2.0 integrates with Elite Enterprise databases, ensuring seamless integration among legal firms' financial processes.
"Clarity software helps Thomson Elite's customers achieve success in business planning and budgeting as well as business plan management," said John Callahan, director of product management, Business Intelligence, Thomson Elite. "With Clarity 6 Legal Edition 2.0, we deliver a solution built around legal market best practices that is flexible enough to support a firm's unique planning and reporting requirements."
About Clarity 6 Legal Edition
Clarity 6 Legal Edition is a comprehensive planning, forecasting and financial reporting application for the legal vertical. The Legal Edition extends upon the functionality of the Clarity 6 software solution to address the unique needs of the legal and professional services industry. It facilitates collaboration during the budgeting cycle while supporting real time aggregations, driver based budgeting, top down planning through global assumptions, bottom up adjustments by regional offices and other processes necessary to create successful plans for law firms.
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 across North America. 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
