Clarity Systems Supports CFED Efforts to Expand Economic Opportunity and Social Equity
TORONTO, ON (October 6, 2005) – Clarity Systems, a world leader in business intelligence (BI) and corporate performance management (CPM), announced today that it has made an in-kind contribution of Clarity Performance Management to the non-profit organization CFED to facilitate its financial reporting and budgeting processes.
"Clarity Systems is proud to support CFED's goals and its valuable contributions to the growth of economic opportunity and equity for all people," said Mark Nashman, president of Clarity Systems. "CFED's mission is important to Clarity and our contribution was made to allow them to better manage their organization and the important programs they implement."
CFED's mission is to ensure that every person can participate in, contribute to and benefit from the economy by bringing together community practice, public policy and private markets in new and effective ways. As a growing organization, CFED was in need of a business solution that would support its growth and its efforts to become more financially sustainable.
"Having recently joined CFED from the Jane Goodall Institute, I knew that CFED needed Clarity," said Irvin Andre Alexander III, chief financial and operating officer for CFED. "I've been working with Clarity and Clarity Performance Management (CPM) for over a year now and the evolutionary steps CPM will allow CFED to take – moving away from a spreadsheet-based planning model – will certainly help drive our financial sustainability goals."
CPM gives CFED a much needed browser-based solution using one central database. This will allow for widespread information sharing and improve accountability and transparency in its financial reporting. CFED will also use CPM's reporting capabilities to automate report distribution and give its decision makers real time access to critical information.
"Clarity Performance Management's detect and alert, traffic lighting, and drill-through to source information features will take us to a higher level of accountability," said Alexander. "As a growing non-profit organization, it is critical we have a superior business solutions provider and Clarity Systems has a proven track record of helping organizations like CFED meet all of their financial planning needs."
About CFED
CFED (www.cfed.org) is a nonprofit organization that expands economic opportunity. CFED identifies promising ideas; tests and refines them in communities to find out what works; crafts policies and products to help good ideas reach scale; and fosters new markets to achieve greater economic impact. Established in 1979 as the Corporation for Enterprise Development, CFED works nationally and internationally through its offices in Washington, DC; Durham, North Carolina; and San Francisco, California.
About Clarity Systems
Clarity Systems delivers superior Corporate Performance Management software solutions for financial budgeting, planning, forecasting, consolidation, analytics and financial statement reporting to a large, global client base. With a rich feature set, Clarity 6 and Clarity FSR are unified applications that offer the flexibility, security, and control needed to make more informed business decisions while meeting compliance requirements. Named as one of Profit’s 100 fastest growing companies and a Branham 300 top 100 IT company, Clarity Systems continues to lead the industry as the independent CPM specialist. For more information, please visit our website at www.claritysystems.com or call us at 1-877-410-5070.
For more information, please contact:
Dave Paolini, Communications Manager
Clarity Systems Limited
416-250-5500 ext. 417
Toll free: 1-877-410-5070 ext. 417
dpaolini@claritysystems.com
