Vodafone Chooses Clarity FSR(TM) for External Reporting Needs

By Clarity Systems Limited, PRNE
Monday, December 7, 2009

Data From Vodafone Data Warehouse to be Flowed Automatically Into a Variety of Annual and Quarterly Statutory Reporting Documents for UK and US Regulators, Using Clarity FSR

LONDON, December 8 - Clarity Systems, a leader in corporate performance
management (CPM) and external reporting solutions, today announced that
Vodafone, the world's leading international mobile communications group and
the third largest listing in The Financial Times Stock Exchange (FTSE) 100
index, had purchased the Clarity FSR reporting solution to automate the 'last
mile' of its financial reporting process.

"Our data warehouse receives and consolidates tremendous amounts of
financial information from Vodafone Group Plc and our subsidiary undertakings
and joint ventures across the world, but to transfer all that information into
our annual and quarterly reports, earnings' press releases and other
financial statements involved manual re-keying, proofreading and
formatting," says James Oehmke, Finance Executive, Head of External
Reporting, Vodafone Group Plc.

Continuing, Mr. Oehmke said, "By automatically enabling data flows from
our Hyperion data warehouse into the Clarity FSR reporting solution and
producing our documents with that solution, we anticipate completing the
'last mile' of our financial reporting process in far less time than is
currently required. In addition to eliminating multiple data entry exercises,
the Clarity solution automatically generates future instances when new or
changed information arises."

Designed to help companies deal with increasingly complex statutory and
regulatory reporting requirements, Clarity FSR is the only enterprise
software that automates the external reporting process - such as annual and
interim reports and announcements - by linking the report to the source data,
enabling auto-generation of the latest version of the report in multiple
formats including XBRL, PDF, Microsoft Word and Adobe InDesign.

"XBRL is becoming more important as regulators require this format for
filing, so the fact that XBRL tagging functionality is integrated within
Clarity FSR is icing on the cake," added Oehmke.

"We are very pleased that another blue-chip firm is using Clarity FSR to
automate their financial reporting process," said Mark Nashman, President and
CTO, Clarity Systems. "For Vodafone, time spent on manual cross-checks,
reconciliations, rounding and other mainly administrative tasks will be
significantly reduced with Clarity FSR, resulting in both increased
efficiency and lower risk of error. From a sales execution perspective, this
is another example of how Clarity's strategic relationship with Bowne & Co.
helped to expedite the sales process."

About Vodafone

Vodafone is the world's leading international mobile communications group
with 323 million proportionate customers as at 30 September 2009. Vodafone
currently has equity interests in over 30 countries across five continents
and around 40 partner networks worldwide. Ordinary shares of Vodafone Group
Plc are traded on the London Stock Exchange and, in the form of ADSs, on the
NASDAQW. For more information, please visit www.vodafone.com.

About Clarity Systems

Clarity Systems delivers software solutions to the Office of Finance. The
company's software helps organisations around the world improve their
budgeting, planning, consolidations, scorecarding and management reporting
processes, and also automates the external reporting processes required to
produce regulatory and statutory reports. Clarity's unified applications help
CFOs reduce risk while simultaneously improving operational efficiency. For
more information, please visit Clarity's website at
www.claritysystems.com or call +44(0)203-178-4038 in the UK or
+1-877-410-5070 in North America.

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: Dave Paolini, Communications Manager,
Clarity Systems Limited, +1-647-242-1184, dpaolini@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: Dave Paolini, Communications Manager, Clarity Systems Limited, +1-647-242-1184, dpaolini at claritysystems.com

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :