CLARITY FSR is a unified financial governance solution that focuses on improving financial processes and controls, particularly in the final stages before disclosure. It helps the finance department improve the timeliness and quality of financial management processes and reporting; facilitate audits; extend ERP transactional controls; and improve financial risk management. Clarity Systems provides solutions to address the entire Financial Governance process.

• Features and Benefits
  • Link Source Data to Report Data
  • Use Prior Report as a Template for the Next Report
  • Powerful Built-in XBRL Functionality
  • Internal Control
  • Ease of Use
  • Data Integration
  • Linking Report Information
• Internal Reporting with CLARITY FSR

  Clarity FSR provides a comprehensive solution that automates the creation of an organization’s internal reports including: Management reports, Operations Reports, Board Books, and Strategic Planning and Forecasting Reports, among many others. Unlike your existing tools, FSR pulls data from any number of financial and non-financial data sources into a single, unified reporting platform where users can create, format, and validate highly sensitive reports quickly, accurately and securely. FSR will ensure your Executive, Financial and Operational leaders have the most accurate and timely data and analysis to make better and faster business decisions.

• External Reporting with CLARITY FSR

  CLARITY FSR automates the creation of filings including the annual reports, quarterly reports, and board books, among others. CLARITY FSR provides a collaborative environment where many contributors can participate in the creation of the external document, within a secure environment, with a tight audit trail and with a seamless connection to source data. With CLARITY FSR, you can produce external financial documents more efficiently, with more controls and in compliance with the appropriate regulatory bodies.

• Public Sector Financial Management and Reporting

  State and local governments are more cost-conscious these days, and the taxpaying public wants to ensure that their government delivers the most and highest quality services it can with efficient use of available resources. Budget Books and Comprehensive Annual Financial Reports (CAFR) are the most important publications of state or local governments to publicly disclose what programs they are spending money on, the performance of those programs, and accountability of the results.

• IFRS using CLARITY FSR

  CLARITY FSR delivers a platform for International Financial Reporting Standards (IFRS) conversion that manages the transition from GAAP to IFRS. CLARITY FSR delivers a calculation engine to determine GAAP to IFRS adjustments, a complete audit trail, and the ability to store working papers and reference documents, all critical to a successful conversion from GAAP to IFRS. And, by helping to control the increased documentation requirements around disclosures and internal controls checklists, by facilitating the workflow involved in document creation, and by storing documents in a central database, CLARITY FSR ensures that the new IFRS process is under control.

• Corporate Social Responsibility (CSR) Reporting

  CLARITY FSR provides a comprehensive solution to create and manage an organization's CSR reports. CLARITY FSR automates the creation of CSR Reports including Global Reporting Initiative (GRI) reports, the world's de-facto standard in sustainability reporting frameworks. CLARITY FSR for CSR Reporting provides a collaborative environment where many contributors can participate in the creation of the document, within a secure environment, with a tight audit trail and with a seamless connection to source systems. And if formal source systems aren't in place to collect CSR data, CLARITY FSR can replace informal spreadsheet data collection processes with standardized web-based data collection forms. With CLARITY FSR , you can produce CSR reports more efficiently, with more controls and in compliance with the appropriate regulatory framework.

• Integrated XBRL Using CLARITY FSR

  CLARITY FSR offers the most advanced XBRL solution on the market today. By integrating XBRL into the external reporting process, CLARITY FSR makes the tagging, validation and creation of XBRL documents dramatically more efficient and less error prone.

  Key XBRL Features in CLARITY FSR:

  • Unique Tag OnceTM technolog
  • Seamless integration with source data
  • Audit trail
  • Collaboration
  • Workflow management
  • Financial rounding

  CLARITY FSR fully aligns with the SEC’s XBRL requirements by making it easier to tag financial data and commentary and deliver output in any number of formats, including XBRL. By choosing CLARITY FSR , companies not only address their XBRL tagging requirements but also reduce the risk and costs associated with their current external reporting process.

• CLARITY FSR eTariff Management Solution

  The CLARITY FSR eTariff Management Solution provides fast time-to-value through its truly collaborative, electronic tariff management features. It comes complete with workflow and extensive tariff-status tracking capabilities, which allows companies to quickly generate the status of their tariff at any point in time, regardless of whether they are five pages or five thousand pages. Recreate your tariff based on effective date, whether two years ago, or two weeks from now. Easily manage your tariff on a 'page' or 'section' basis and be prepared for next years rule change by establishing you new base line today. With the eTariff Management Solution you can improve the efficiency and reduce the risk associated with creating Tariff, Tariff Revision and Rate Change Application filings.