Clarity FSR software

Clarity FSR provides a comprehensive solution to any organizations external reporting requirements by automating the creation of the annual report, 10K, 10Q, board book, MD&A, AIF, plus any other statutory or regulatory filing. Clarity FSR provides a collaborative environment where many contributors can participate in the creation of the external document, within a secure environment, with a tight audit trail and with a seamless connection to source data. With Clarity FSR you will be able to produce external financial

CFOs see the costs of compliance manifested in several ways:

The manual nature of financial reporting means that as external reports become more complex, more effort is required to create the reports and to manage the process. As a result, more people are required to consolidate multiple spreadsheets, find and correct mistakes, manage compliance checklists, and coordinate the approvals process - leading to increased costs.

CFOs need to mitigate several sources of financial reporting risk:

Increasingly complex regulations. Shrinking filing deadlines. A pervasive use of spreadsheets in the finance department. Expanding quarterly and annual reports. More people than ever involved in the creation of these sensitive reports. With the CFO accountable for all aspects of the external financial documents.

Organizations typically face a number of challenges in the completion of the external financial reports including:

Today, most organizations continue to manually produce their external financial documents, such as the annual report, quarterly and annual submissions to regulatory bodies (e.g. 10K and 10Q), the board book and many other statutory/regulatory filings. The creation of the external reports is the final step in the financial reporting process.

For finance departments dealing with increasingly complex statutory & regulatory reporting requirements, Clarity FSR is the only enterprise software that automates the external reporting process (e.g., Annual Reports) by linking the report to the source data, enabling auto-generation of the latest version of the report. Clarity FSR is unique because it is the only external reporting software that reduces compliance risks while simultaneously reducing the cost of compliance.

External Reporting - A Broken Process

Time-consuming, manual processes
Data inaccuracies
No audit trail documenting who made changes