Artificial Intelligence Authors: Zakia Bouachraoui, Liz McMillan, Yeshim Deniz, Elizabeth White, William Schmarzo

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G4S Chooses Clarity FSR(TM) for External Reporting Needs

    Automation of process to produce annual report and accounts to shave
    weeks from financial close to announcements

LONDON, UK, Sept. 1 /PRNewswire/ - Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions today announced that G4S, the world's largest security services provider, has purchased the Clarity FSR reporting solution to help produce the firm's financial reports and accounts, to release to the London Stock Exchange (LSE), the Copenhagen Stock Exchange and file with Companies House, beginning with the firm's fiscal 2009 annual report.

"The rapid pace of the company's growth and the growing complexity of the financial reporting process compelled our Group Reporting team to find a more efficient way to collect and report our numbers," said Trevor Dighton, Chief Financial Officer, G4S. "By automating the process with Clarity FSR, we anticipate saving four weeks, resulting in earlier announcements but also with greater confidence in our reports."

Designed to help companies deal with increasingly complex statutory and regulatory reporting requirements, Clarity FSR is the only enterprise software that automates the external reporting process - such as annual and interim reports and announcements - 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.

"We're very happy that G4S selected Clarity FSR to automate their financial reporting process," said Mark Nashman, President and CTO, Clarity Systems. "Time spent on manual cross-checks, reconciliations, rounding and other mainly administrative tasks are significantly reduced with Clarity FSR, resulting in both increased efficiency and lower risk of error."

"We are impressed with how Clarity FSR can seamlessly link to our SAP BPC consolidation system, organising this data and generating our reports in a variety of statutory and regulatory formats. This eliminates the tedious and risk-sensitive job of taking the BPC data and creating multiple MS-Excel and MS-Word files from it, then cutting-and-pasting from each to create our reports," added Sally Smoker, Group Finance Manager, Reporting Systems, G4S.

About G4S

G4S is the largest security services provider globally with operations in more than 100 countries on 6 continents, employing 585,000 employees. A FTSE 100 listed company, its shares are listed on both the London and the Copenhagen Stock Exchanges. The Group had 2008 turnover of (pnds stlg)5.9 billion. It offers a wide range of secure solutions and business processes, including secure facilities management, security consultancy, event security, secure transport services, security systems and security services to governments.

About 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.

SOURCE Clarity Systems Limited

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