G4S Chooses Clarity FSR(TM) for External Reporting Needs


LONDON, September 1 /PRNewswire/ --

- Automation of Process to Produce Annual Report and Accounts to Shave 
Weeks From Financial Close to Announcements

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 
http://www.claritysystems.com or call +44(0)2031784038 in the UK or 
+1-877-410-5070 in North America.

For further information: on Clarity Systems, please contact: Catriona 
Bull, Clarity Systems Limited, +44-203-178-4038, cbull@claritysystems.com; 
For Press and Analyst Inquiries: Dave Paolini, Communications Manager, 
Clarity Systems Limited, +1-647-242-1184, dpaolini@claritysystems.com

© PR Newswire Association LLC.

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