Business News
PSS World Medical, Inc. Automates Financial Statement Reporting with Clarity FSR
2008-08-06 10:24:00
PSS World Medical, Inc. Automates Financial Statement Reporting with Clarity FSR
Firm opts for integrated solution for creating and filing external, mandated financial reports TORONTO, Aug. 6 /EMWNews/ - Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions, today confirmed that PSS World Medical, Inc., a leading national distributor of medical supplies and equipment to office based physicians and long-term care providers (NASDAQ/NM:PSSI), is using Clarity FSR to automate the creation of their 10-K and 10-Q documents. "With Clarity FSR, we've been able to fully automate the creation of our external reports, replacing a more labour intensive, manual process," said Michelle Boyer, Senior Director, Financial Reporting, PSS World Medical, Inc. "What used to involve multiple steps and oversight can now be done in seconds." The Clarity FSR automated external reporting solution improves the efficiency of the external reporting process, while delivering multiple output formats including XBRL, MS-Word, .pdf and EDGAR-ready HTML. Clarity FSR is used by organizations across all vertical markets to automate the creation and submission of SEC filings, like the 10-K and 10-Q, and to produce other high value documents such as Board Books and other statutory or regulatory filings. Clarity FSR delivers measurable efficiencies by automating a traditionally manual process, which in turn reduces key risks faced by publicly-held firms, including: risk of errors; risk of late filing; risk of non-compliance and risk of insider leaks. According to Boyer, the Clarity solution's all-round unity and integration impressed her. "Several firms approached our company but they were bolt-on products that did not communicate well with our other systems. That was not a concern with Clarity, which features an open architecture that is easily accessible and formats data from multiple sources." Clarity Chief Operating Officer, Paul Hill, said "I'm pleased to welcome PSS World Medical to the ranks of Clarity FSR clients who are using our single, integrated solution for their external reporting needs. By making the process more efficient and reducing risks, Clarity is finding a willing market for Clarity FSR among financial reporting, compliance and investor relations departments."
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 http://www.claritysystems.com or call us at 1-877-410-5070. About PSS World Medical, Inc. PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units. Since its inception in 1983, PSS has become a leader in the two market segments that it serves with a focused market approach to customer services, a consultative sales force, strategic acquisitions, strong arrangements with product manufacturers and a unique culture of performance.
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