SCOTTSDALE, Arizona, May 17, 2010 /PRNewswire/ -- Clarity Systems today opened three days of keynote addresses, customer presentations, partner workshops and educational seminars at Vision:10, the company's annual users' conference, being held in Scottsdale, Arizona at the Fairmont Scottsdale Resort. Clarity also displayed its latest CPM and financial governance solutions and welcomed Microsoft as the premier sponsor of the conference.

The dual theme of our conference is 'Experience Innovation' and 'Explore New Directions,' the power of which Clarity Systems has harnessed with its CLARITY 7 CPM and Clarity FSR unified financial governance solutions, said Mark Nashman, President CTO, Clarity Systems. Clarity Systems is the fastest-growing CPM Suite vendor in the world(1) because we supply our customers with world-class budgeting, planning, forecasting and consolidations functionality, and at the same time include the automation of external reporting processes. The record attendance at Vision:10 is validation of our 'unified' approach to CPM and financial governance.

Microsoft Relationship Highlighted

Mr. Nashman also noted Microsoft's decision to become the premier sponsor of Clarity's customer gathering, ...which is indicative of the expanding relationship we have with the world's leading supplier of software, services and solutions, with whom we announced a strategic alliance on April 8(2), to provide our customers with a clear roadmap for budgeting, planning consolidation solutions that are ideally tuned for the Microsoft platform.

Microsoft's C. Dewey Forrester Jr., Senior Director, will be presenting a keynote address on the Microsoft Strategic Alliance with Clarity Systems at 9AM on May 17 as part of its Premier Sponsorship activities.

Solutions For Greater Efficiencies and Reduced Risk Demonstrated

Demonstrations of CLARITY 7, a step change in CPM technology that is underpinned by a powerful new server with a high-performance engine for creating templates and reports in milliseconds leads the technical displays at Vision:10. This includes CLARITY 7 Studio which provides an easy-to-use environment to design CPM templates and reports for non-IT professionals.

The CLARITY 7 MDM (Meta Data Management) feature for automatically creating enhanced, optimized data cubes will also be demonstrated, as will Clarity 7 Visualizer for delivering stunning, graphical presentations of data. In addition to these improvements to our product, we are also releasing a new CLARITY 7 Consolidations module, which quickly and accurately consolidates a company's results across its organizational and global entities, and assists firms in maintaining strict compliance with international accounting and regulatory standards, said Nashman.

Also on display at Vision:10 is our Clarity FSR solution, which is unique in providing a superior external reporting feature set for automating the creation and filing of external reports including integrated XBRL capabilities for financial reporting, said Nashman.

Many customers and prospects attending Vision:10 are now looking to Clarity FSR to facilitate GAAP to IFRS conversion and well as supply all manner of their statutory and regulatory reports like 10-Ks and 10-Qs. Some organizations are also looking for more market-specific reports, such as Comprehensive Annual Financial Reports (CAFR) in the public sector, added Nashman. This demonstrates how Clarity FSR is continuing to evolve as a multi-faceted financial governance solution for the Office of Finance at governmental, academic and not-for-profit entities, as well as publicly-listed and privately-held companies.

About Microsoft

Founded in 1975, Microsoft (Nasdaq MSFT) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

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 or call +44(0)2031784038 in the UK or +1-877-410-5070 in North America.

------------------------ (1) See Table 2-1 of April 22, 2010 Gartner Dataquest Market Statistics report entitled Market Share: Business Intelligence, Analytics and Performance Management Software, Worldwide - 2009 by Dan Sommer and Bhavish Sood. (2) See Microsoft and Clarity Systems sign strategic alliance to deliver budgeting, planning consolidations solutions to customers world- wide -

For further information: Tony Hocevar, VP, Marketing, Clarity Systems Limited, +1(416)250-5500 ext. 403,

SOURCE: Clarity Systems Limited

CONTACT: For further information: Tony Hocevar, VP, Marketing, ClaritySystems Limited, +1(416)250-5500 ext. 403,