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Clarity Systems, a vendor of corporate performance management (CPM) products and EDGARfilings, which sells Securities and Exchange Commission (SEC (News - Alert)) compliance software and services, have announced a partnership to offer an integrated financial reporting product.

 

This partnership lets public companies "create SEC reports using Clarity Financial Statement Reporting and electronically file these reports with the SEC using EDGARizer software," Clarity officials say.

 

Clarity FSR, a software product launched by Clarity Systems earlier this year, produces external financial documents, such as the 10K and 10Q, and other regulatory reports. EDGARizer software converts and transmits properly formatted and compliant documents to the SEC within filing deadlines.

 

Clarity sells a CPM product with the ability to automate the creation of external financial reports with a secure audit trail, automatic rounding, compliance checklists, workflow, and business rules, says Mark Nashman, President, Clarity Systems, who added that this deal "extends our product by providing our customers with the ability to electronically file their financial documents with the SEC, in an EDGAR-ready format."

 

Clarity FSR is a key component of Clarity 6, a Web-based, unified and open CPM product. Andrew Neblett, CEO, EDGARfilings, said with compliance and financial reporting requirements being top of mind for companies, "adopting software products to streamline the process is a high priority."

 

Earlier this month Clarity announced what company officials are calling "record results" for the company's full fiscal year, ending September 30, 2007.

The vendor reports record sales including over 100 per cent year-over-year growth in license revenue. Officials say there was "significant growth" in its customer base across North America and the United Kingdom.

 

The firm also doubled the size of its sales team and hired people for services, product development and marketing during the past year. 

 

"During 2007 we made a number of investments in our business that we believe are the key to our future growth, including a focus on building out our international operations which has paid off with significant growth in the United Kingdom," says Nashman.

 

This past spring Clarity announced the availability of Clarity Customer Care, which company officials described as a "new online customer self service portal" for customers' corporate performance management investments.

 

The new portal streamlines the case management process, letting users log, update and track their support cases while retrieving information from and contributing information to the Clarity Systems knowledge base. The self-service portal provides users with a reference center for training documents, product information, installation and administration manuals, and configuration checklists.

 

The new system integrates with Salesforce, Clarity's customer relationship management (CRM) and case management tool, for customer access to data regarding their account.