IMI PLC Selects Clarity FSR(TM) for Annual Report and Accounts Creation
By Clarity Systems Limited, PRNETuesday, May 18, 2010
KPMG (UK) Joins Clarity Systems in Providing an end-to-end Reporting Solution to FTSE 250 Firm
TORONTO, May 19, 2010 - Clarity Systems, a leader in corporate performance management (CPM) and
external reporting solutions, today announced that IMI PLC, a worldwide firm
delivering innovative engineering solutions to leading global customers, will
adopt Clarity FSR as its external reporting solution.
IMI will integrate Clarity FSR with its existing source systems to drive
the content behind the firm's Annual Report and Accounts creation, as well as
deliver RNS submissions to the London Stock Exchange and XBRL filings to HMRC
and Companies House. In addition, Clarity FSR forms a key component of IMI's
system for standardizing the production of statutory accounts across a number
of IMI's subsidiary companies.
"Clarity FSR will deliver much improved control over the external
reporting process and drive additional, significant efficiencies across
multiple report formats including ARA, RNS and Statutory Account production,"
said Iain Moore, Financial Controller, who added that "…the ability of
Clarity's solution to automatically generate inline XBRL (iXBRL) documents,
which are soon to be a statutory requirement in the UK, also influenced our
decision."
As a FTSE 250 company, IMI has been listed on the London Stock Exchange
since 1966 with revenues in excess of US$2 billion, employing 13,000 staff
worldwide.
"In achieving yet another win for Clarity FSR, I would like to compliment
IMI for its vision and thank KPMG for its assistance in delivering an
end-to-end solution," said Mark Nashman, President and CTO, Clarity Systems.
"The win was sold in conjunction with KPMG, and is a direct result of our
developing relationship with this leading provider of implementation services
across the globe."
Clarity FSR is an innovation for the Office of Finance that makes it
easier to create and submit external financial and regulatory reports such as
annual and quarterly reports, with unique integrated XBRL capabilities.
Clarity FSR is the only product of its kind on the market.
Clarity Systems will be delivering industry insights and a host of
practical seminars on Clarity FSR and Clarity 6 (CPM) at its customer
conference, Vision:10, May 16-19 in Scottsdale, Arizona. Companies interested
in hearing real-life user experiences, industry overviews and attending
educational workshops around our visionary solutions are encouraged to visit
www.claritysystems.com/Vision/ for more details.
About IMI
IMI is a dynamic, worldwide company delivering innovative engineering
solutions to leading global customers in clearly defined niche markets. IMI
businesses share a common goal - to convert their industry knowledge and
market insight into customised, design-engineered solutions which create
customer advantage and value. Close customer relationships, strong positions
in growing markets and clear differentiation through technological innovation
or service are the defining characteristics of all IMI businesses.
Clarity Systems
Clarity Systems delivers software solutions to the Office of Finance. Our
software helps large and mid-market organizations around the world improve
their budgeting, planning, consolidations, scorecarding and management
reporting processes, and also automates their external reporting processes to
support the production of regulatory and statutory reports. Our unified
applications help CFOs reduce risk while simultaneously improving operational
efficiency. For more information, please visit our website at
www.claritysystems.com or call us at +1-877-410-5070 in North America
or +44(0)2031-784038 in the UK.
For further information: on Clarity Systems, please contact: Catriona
Bull, Clarity Systems Limited, +44-203-178-4038, cbull@claritysystems.com;
For Press and Analyst Inquiries: Tony Hocevar - VP, Marketing, Clarity
Systems Limited, +1(416)-250-5500 ext. 403, thocevar@claritysystems.com/
For further information: on Clarity Systems, please contact: Catriona
Bull, Clarity Systems Limited, +44-203-178-4038, cbull at claritysystems.com; For Press and Analyst Inquiries: Tony Hocevar - VP, Marketing, Clarity Systems Limited, +1(416)-250-5500 ext. 403, thocevar at claritysystems.com/
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