Clarity Systems Releases CLARITY 7

Originally published 14 May 2010

Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions, recently released CLARITY 7, the latest release of the only truly unified and open CPM solution on the market. CLARITY 7 delivers breakthrough speed with the ability to generate many thousands of reports per hour, and now also delivers powerful new functionality spanning multiple areas and even easier to use interfaces. Within this single, unified application, CLARITY 7 covers all CPM processes in one software product, with one web-based user interface, delivering a powerful yet easy-to-use application for administrators and end-users alike.

"Customers have asked for and have been involved in bringing about these step-change improvements to the industry's leading solution for budgeting, planning, forecasting, consolidations, scorecards, analysis, modeling and reporting," said Mark Nashman, President & CTO, Clarity Systems. "We're confident that this announcement will continue to fuel the rapid growth of the firm, enabling us to maintain our lead as the fastest-growing CPM vendor in the world," he added.

Powerful New Consolidations Solution

With a brand new financial consolidations engine, CLARITY 7 Consolidations now avoids duplication of data through optimized data storage, dramatically improving processing speeds. Not only does CLARITY 7 Consolidations deliver multi-GAAP/IFRS functionality, multi-currency capabilities, inter-company eliminations, and all of the other capabilities an Office of Finance user would expect in a comprehensive consolidations solution, but it also delivers sophisticated functionality to perform simulations on the consolidation models.

"Users can quickly view the financial impact of changes in ownership structure, hierarchical structure or other changes to the model, without impacting the base scenario. And all of this is delivered in a fully-parameter driven configuration platform, making it very easy to set up to meet the most complex global consolidations requirements," said Nashman.

Template and Report Design Made Even Easier with CLARITY 7 Studio

An innovative new tool is also being unveiled: CLARITY 7 Studio. Studio makes it even easier for finance department users to take control of the creation and on-going management of sophisticated data entry templates and reports, without having to engage IT support.

SOURCE: Clarity Systems Releases CLARITY 7