Clarity FSR rides surging customer demand and critical acclaim from leading analysts to emerge as the world's first integrated XBRL solution to streamline corporate actions processing.

Hong Kong (September 8, 2009)- Clarity Systems, a leader in external reporting and corporate performance management (CPM) solutions, today announced that it will be demonstrating Clarity FSR, its powerful XBRL solution for corporate actions and external reporting needs at Sibos 2009, taking place September 14-18 in Hong Kong.

"We designed Clarity FSR to help the financial industry, including SWIFT and DTCC, deal with increasingly complex statutory and regulatory reporting requirements, and its debut at Sibos - the world's premier financial services conference - will showcase its powerful XBRL and corporate actions functionality," said Mark Nashman, President & CTO, Clarity Systems.

"Creating and filing corporate actions is an important, although previously neglected, process and we're proud to work with XBRL US to demonstrate how to automate corporate actions processing using XBRL tags," observed Nashman.

"SWIFT and DTCC are to be commended for their commitment to the automation of corporate actions using XBRL, in turn reducing compliance costs while mitigating risk," observes Mark Bolgiano, President and CEO, XBRL US.

Mr. Bolgiano will join a panel of industry experts on the topic of "XBRL and SWIFT join forces to improve transparency and increase automation" at Sibos on Tuesday, September 15 - 14:00-14:45, where they will demonstrate XBRL tagging of corporate actions using Clarity FSR.

Clarity FSR provides single, unified financial governance solution

Clarity FSR is the only enterprise software that automates the external reporting process (e.g., call reports, corporate actions, annual and quarterly reports, etc.) 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. "Clarity FSR improves the timeliness and quality of financial industry reporting, in turn facilitating audits, and improving financial risk management, all key concerns within the Office of Finance," noted Nashman.

Clarity 6 - the most powerful, unified CPM solution

Clarity will also be exhibiting its Clarity 6 corporate performance management (CPM) software, which integrates financial budgeting, planning, consolidations, analytics, scorecards and dashboards within a single, unified application. This web-based platform provides an MS-Excel look and feel to make the application intuitively easy to use.