Clarity Systems Briefing to FEI CFIT

Clarity SystemsBriefing to FEI CFIT

Mark Nashman President & [email protected] ext. 407

Louis Matherne Director, XBRL [email protected]

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Agenda

• Clarity Systems Overview

• Clarity FSR• Unified Financial Governance Solution

o Automated External Reportingo Integrated XBRL

• Demonstration

• Questions & Answers

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1995Founded

Clarity 6 & Clarity FSRSolutions

Fortune 1000 – across all industries

Customers

40,000+ usersUsers

40% + average annual growth rate

Growth

Focus on CPM & Financial Governance

Focus

No debt. No V.C. Privately held

Stability

Clarity Systems

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Unified Solutions

Automated External Reporting

XBRL

Enterprise Risk Management

CSR Reporting

GAAP to IFRS Conversion

Regulatory Reporting

Budgeting Forecasting Planning

Reporting & Analytics

Financial Allocations

Profitability Modeling

Financial Modeling

Scorecards Dashboards

Financial Consolidations

Strategy Maps

CPMClarity 6.5

Financial GovernanceFSR 6.5

• Single Technology• Single Installation

• Single Upgrade Path• Unified Licensing Model

• Single User Interface• Single Training Program

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What the Analysts are Saying…

Clarity named “Cool Vendor”Gartner Cool Vendors in Risk Management and ComplianceMarch 19, 2009

Clarity named “Visionary”Gartner Magic Quadrant for CPM SuitesDecember 19, 2008

“Clarity Systems has a differentiated capability to produce full regulatory filings as well as strong XBRL tools.”

Source: The Forrester Wave, October 2007

Clarity FSRAutomated External Reporting

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The Last Mile in Financial Reporting

PlanningModeling

BudgetingForecasting

The Last Mile

Board Book10Q, 10KAnnual ReportProspectus

ConsolidationReporting

• Manual processes dominate “The Last Mile” – Extensive use of MS-Word and MS-Excel, shared via e-mail– Data accuracy issues– Collaboration is difficult– No internal controls– No audit trail– High degree of risk– Manual process is repeated each reporting period

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Clarity FSR – Improving The Last Mile• Automated method to produce statutory,

regulatory and internal reports

– 10K, 10Q, 8K, MD&A, Annual, Board Book, Prospectus, Flash or Management

• Clarity FSR key features:

– Dynamically driven from a central database

– Leverage the formatting capabilities of MS-Word and the calculation features of MS-Excel

– Collaborative environment

– Security driven access with full audit trail

– Workflow for report reviews and approvals

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Clarity FSR – How it Works

• Title Page• Table of Contents• Letter to Shareholders• Business Overview• Balance Sheet• Income Statement• Cash Flow Statement• Notes – Cash• Notes – Long Term Assets• Notes – Revenue• Auditors Report• Compliance Processes

Clarity FSRExternal Document

FinancialInformation

OLAP

Relational

ERP

Consolidations

Data Sources

Data Collection(Statistical & Operational)

Co

llab

ora

tio

n

• Balance Sheet• Income Statement• Cash Flow Statement

• Title Page• Table of Contents• Letter to Shareholders• Business Overview

• Notes – Cash• Notes – Long Term

Assets• Notes – Revenue• Auditors Report• Compliance Processes

EDGAR-ready

Output Options

In-Design

HTML

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Sharing Information Across the Organization

Investor Relations

Regulatory ReportingExternal Reporting

Legal

Internal Reporting

“One Version of the Truth”

Across the Enterprise

ClarityFSR

Clarity FSR – XBRL

Louis Matherne Director, XBRL Services

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June 30 2009 June 30 2010 June 30 2011 June 30 2012

SEC XBRL MandateJune 30 June 30

Large Accelerated Filers(~500 companies)>$5B public float

Detail taggingof financials

Block tagging of notes/schedules

Detail & blocktagging ofnotes/schedules

All other Large Accelerated Filer (~1,200 companies)




All Remaining Filers(~7,200 companies)




“Detail tagging of notes/schedules”:• Every data point (e.g., monetary value,

percentage or number) in the financial notes or within bodies of text must be separately tagged

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External Reporting & XBRL

Bolt-On XBRL (Year 1 – Block Tagging Only)

FinancialConsolidation

s

ExternalReporting Process

SECFiling


SECFiling

FilingDeadline

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Bolt-On XBRL (Year 2 – Detail Tagging)

With more work to do the risk of late filing and the risk of errors

increases.


s

SECFiling


SECFiling


SECFiling

FilingDeadline

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SECFiling

ExternalReporting

Process


s


SECFiling


SECFiling

FilingDeadline

With Clarity FSR, the XBRL tagging is more efficient:• XBRL tagging is integrated within the external reporting process, plus• Clarity FSR Tag OnceTM technology make future reporting even fasterLeading to:• Reduced Risk of Late File, and• Reduced Risk of Errors

Clarity FSR’s Integrated XBRL


Plus, Clarity FSR automates the overall external reporting process, so timelines can be further reduced

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Clarity FSR – the only Integrated XBRL Solution

Bolt-Onto the External Reporting Process

Clarity FSRIntegrated with the External Reporting Process

Basic XBRL tagging

XBRL tagging

Support for the latest taxonomies

XBRL Validation

Advanced XBRL Capabilities

Tag OnceTM

Seamless Integration with Source Data

Automated Rounding

Define document once - publish to multiple formats

Audit trail

Workflow

Automated Taxonomy Extensions

Taxonomy Version Management

Taxonomy Custom View

Taxonomy Collaboration

Inline XBRL Output

Variables in text

Integrated Compliance Check-Lists

Clarity SystemsBriefing to FEI CFIT

Mark Nashman President & [email protected] ext. 407

Louis Matherne Director, XBRL [email protected]

Documents

Clarity Systems Briefing to FEI CFIT