Automated External Reporting
Link Source Data to Report Data
- Every number in the final report links directly back to a single data source ensuring that there are no conflicting numbers anywhere in the report. And changes to that source number automatically cascade through the report. This ensures there is only "one version of the truth".
- Changes to that source number automatically cascade through the report.
- This ensures there is only "one version of the truth".
Use Prior Report as a Template for the Next Report
- New reports typically contain the same sections as previous reports, reuse the same data sources (e.g. revenue, net income, etc.) and even recreate the look and feel of past reports.
- Clarity FSR uses this fact to “jump-start” the report creation process.
- The latest data is automatically loaded into a report template that is pre-formatted, letting the user focus on editing the document rather than collecting, consolidating and formatting the data.
Powerful Built-in XBRL Functionality
- Clarity FSR users can easily tag financial data and commentary once and have it automatically flow to future reports
- Users can extend the company-specific taxonomy using the Taxonomy Designer
- And the XBRL Viewer lets users view the final XBRL report
- All of this is delivered with the full audit trail and workflow functionality included in Clarity FSR
Collaboration
- Each section of a document can be assigned to a separate user – so that any number of users can work on the same document simultaneously
Internal Control
- Clarity FSR provides a comprehensive set of internal controls to ensure that the proper steps are being following in the creation, submission and approval of each section in the document
Audit Trail
- Clarity FSR provides a comprehensive audit trail – tracking each change to the document
- With the Clarity FSR audit trail, users can easily compare any two versions of the document to see what was changed, who changed it, and when it was changed
Ease of Use
- If your users already know how to use MS-Word and MS-Excel, then using Clarity FSR will be intuitive and easy
- Clarity FSR provides a user interface that leverages all of the formatting capabilities of MS-Word and all of the calculation abilities of MS-Excel
Workflow
- A workflow process within Clarity FSR tracks the status of each section of the document, with due dates and responsibility assignments
- With workflow, the administrator can easily see the status of each section of the document, which sections are overdue and who is responsible for each section
Rounding
- Provides an automated method to round your financial data to thousands, millions or billions while ensuring that all numbers tie out to the bottom line totals
Business Rules
- In some organizations, data may come from a variety of sources. Clarity FSR business rules ensure that summary data in one section of the document always ties out to detailed data that may exist elsewhere in the document
Output
- Clarity FSR supports a wide variety of output options including:
- XBRL
- MS-Word
- Adobe PDF
- Adobe InDesign
- QuarkXPress 7
- "Edgar-ready" documents (for filing to the SEC)
Data Integration
- Clarity FSR provides an easy-to-use method to pull data from a wide variety of data sources including: the leading ERP systems, the leading financial consolidation applications, relational databases, OLAP databases and MS-Excel
