Thomson Reuters Signs Partnership Agreement with Clarity Systems

The Tax & Accounting business of Thomson Reuters has recently signed an agreement with Clarity Systems to provide Clarity FSR(TM) clients access to relevant content and tools on Thomson Reuters Checkpoint(R) platform, creating an integrated solution that helps the Office of Finance improve efficiency and reduce risk in their external reporting process.

Clarity FSR is a financial governance application which automates the external financial reporting process for finance departments dealing with SEC requirements. Checkpoint is a market-leading research and productivity system providing guidance, primary source materials, analysis, and tools for tax and accounting professionals.

The integrated offering will enable corporate financial executives to automate SEC external reporting and filing processes, access mission critical guidance on regulatory changes and current developments as the customer prepares external reporting documents (10-K, 10-Q, 8-K, etc.), and provide a platform for all other 'last mile' activities.

"We welcome the opportunity to partner with Clarity Systems to create an integrated solution for SEC compliance challenges," said Steven Zelman, senior vice president of Content Operations at the Tax & Accounting business of Thomson Reuters. "Combining their unique external reporting automation software with our financial reporting analysis will create a comprehensive solution to efficiently address the entire reporting process."

"We chose Checkpoint from Thomson Reuters because it complements our commitment to offering our clients the most robust, automated solution to improve the efficiency and reduce the inherent risk in producing statutory and regulatory reports," said Mark Nashman, president and CTO, Clarity Systems. "Clarity FSR will link to specific information and tools within Checkpoint, allowing clients to quickly obtain what they need to efficiently and accurately complete each portion of their particular filing."

As an example, from within a 10-K annual report residing in Clarity FSR, a client may select from a customizable list of items to directly access contextually relevant material residing in Checkpoint. Supportive content from Checkpoint will include expert analysis, official text of regulations and standards, searchable SEC filings, current news of regulatory developments, and productivity-enhancing tools such as checklists and create-a-charts.

For more information on the Tax & Accounting business of Thomson Reuters, visit http://www.thomsonreuters.com. To read more about Checkpoint, visit http://ria.thomsonreuters.com. For more information on Clarity Systems, visit http://www.claritysystems.com.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Corporate Software & Services, Professional Software & Services, and Research & Guidance business groups.

About Clarity Systems

Clarity Systems delivers software solutions to the Office of Finance. Our software helps large and mid-market organizations around the world improve their budgeting, planning, consolidations, scorecarding and management reporting processes, and also automates their external reporting processes to support the production of regulatory and statutory reports. Our unified applications help CFOs reduce risk while simultaneously improving operational efficiency. For more information, please visit our website at www.claritysystems.com.

SOURCE Clarity Systems Limited

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