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Clarity Systems, World’s Fastest Growing Corporate Performance Management (CPM) Vendor, Welcomes Record Crowd to Vision:10 Annual Users’ Conference

May 17, 2010
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SCOTTSDALE, AZ, May 17 /PRNewswire/ – Clarity Systems today
opened three days of keynote addresses, customer presentations, partner
workshops and educational seminars at Vision:10, the company’s annual users’
conference, being held in Scottsdale, Arizona at the Fairmont Scottsdale
Resort. Clarity also displayed its latest CPM and financial governance
solutions and welcomed Microsoft as the premier sponsor of the conference.

“The dual theme of our conference is ‘Experience Innovation’ and ‘Explore
New Directions,’ the power of which Clarity Systems has harnessed with its
CLARITY 7 CPM and Clarity FSR unified financial governance solutions,” said

Mark Nashman, President & CTO, Clarity Systems. “Clarity Systems is the
fastest-growing CPM Suite vendor in the world(1) because we supply our
customers with world-class budgeting, planning, forecasting and consolidations
functionality, and at the same time include the automation of external
reporting processes. The record attendance at Vision:10 is validation of our
‘unified’ approach to CPM and financial governance.”

Microsoft Relationship Highlighted

Mr. Nashman also noted Microsoft’s decision to become the premier sponsor
of Clarity’s customer gathering, “…which is indicative of the expanding
relationship we have with the world’s leading supplier of software, services
and solutions, with whom we announced a strategic alliance on April 8(2), to
provide our customers with a clear roadmap for budgeting, planning &
consolidation solutions that are ideally tuned for the Microsoft platform.”

Microsoft’s C. Dewey Forrester Jr., Senior Director, will be presenting a
keynote address on the Microsoft Strategic Alliance with Clarity Systems at
9AM on May 17 as part of its Premier Sponsorship activities.

Solutions For Greater Efficiencies and Reduced Risk Demonstrated

Demonstrations of CLARITY 7, a step change in CPM technology that is
underpinned by a powerful new server with a high-performance engine for
creating templates and reports in milliseconds leads the technical displays at
Vision:10. This includes CLARITY 7 Studio which provides an easy-to-use
environment to design CPM templates and reports for non-IT professionals.

The CLARITY 7 MDM (Meta Data Management) feature for automatically
creating enhanced, optimized data cubes will also be demonstrated, as will
Clarity 7 Visualizer for delivering stunning, graphical presentations of data.
“In addition to these improvements to our product, we are also releasing a new
CLARITY 7 Consolidations module, which quickly and accurately consolidates a
company’s results across its organizational and global entities, and assists
firms in maintaining strict compliance with international accounting and
regulatory standards,” said Nashman.

“Also on display at Vision:10 is our Clarity FSR solution, which is unique
in providing a superior external reporting feature set for automating the
creation and filing of external reports including integrated XBRL capabilities
for financial reporting,” said Nashman.

“Many customers and prospects attending Vision:10 are now looking to
Clarity FSR to facilitate GAAP to IFRS conversion and well as supply all
manner of their statutory and regulatory reports like 10-Ks and 10-Qs. Some
organizations are also looking for more market-specific reports, such as
Comprehensive Annual Financial Reports (CAFR) in the public sector,” added
Nashman. “This demonstrates how Clarity FSR is continuing to evolve as a
multi-faceted financial governance solution for the Office of Finance at
governmental, academic and not-for-profit entities, as well as publicly-listed
and privately-held companies.”

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in
software, services and solutions that help people and businesses realize their
full potential.

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) 2031784038 in the UK or 1-877-410-5070 in North America.

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    (1) See Table 2-1 of April 22, 2010 Gartner Dataquest Market Statistics
        report entitled "Market Share: Business Intelligence, Analytics and
        Performance Management Software, Worldwide - 2009" by Dan Sommer and
        Bhavish Sood.
    (2) See "Microsoft and Clarity Systems sign strategic alliance to deliver
        budgeting, planning & consolidations solutions to customers world-
        wide" -

http://www.claritysystems.com/us/news/releases/Pages/20100329CSSSAWM.aspx

SOURCE Clarity Systems Limited


Source: newswire