Financial reporting.Clarity Systems, a supplier of corporate performance management (CPM) solutions, has introduced Clarity Financial Statement Reporting (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ), a comprehensive solution for the creation of an organization's external financial reporting processes. The Toronto-based company says Clarity FSR provides a comprehensive, end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. for the "last mile" in the financial reporting process--preparing and automating statutory filings (10-K, 10-Q, board book, annual report, etc.) for publication and distribution. Using Clarity FSR, reports are dynamically driven from a central database, while leveraging the formatting capabilities of Microsoft Word--allowing for the production of highly formatted reports with the appropriate commentary and supplementary notes. The advanced software provides a collaborative environment, while ensuring data accuracy, the use of workflow and audit trails and providing better internal controls for corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. . Furthermore, templates can be reused for each reporting cycle to speed up the statutory reporting process. Clarity FSR also supports numerous output options including XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. , Word, Excel and Adobe PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. . Content for this column has generally been developed from promotional materials sent by the companies, which have not paid to appear. Web: www.claritysystems.com |
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