Clarity Systems, a leader in corporate performance management (CPM) and external reporting solutions, recently announced that IMI PLC, a worldwide firm delivering innovative engineering solutions to leading global customers, will adopt Clarity FSR as its external reporting solution.

IMI will integrate Clarity FSR with its existing source systems to drive the content behind the firm's Annual Report and Accounts creation, as well as deliver RNS submissions to the London Stock Exchange and XBRL filings to HMRC and Companies House. In addition, Clarity FSR forms a key component of IMI's system for standardizing the production of statutory accounts across a number of IMI's subsidiary companies.

"Clarity FSR will deliver much improved control over the external reporting process and drive additional, significant efficiencies across multiple report formats including ARA, RNS and Statutory Account production," said Iain Moore, Financial Controller, who added that "...the ability of Clarity's solution to automatically generate inline XBRL (iXBRL) documents, which are soon to be a statutory requirement in the UK, also influenced our decision."

As a FTSE 250 company, IMI has been listed on the London Stock Exchange since 1966 with revenues in excess of $2 billion, employing 13,000 staff worldwide.

"In achieving yet another win for Clarity FSR, I would like to compliment IMI for its vision and thank KPMG for its assistance in delivering an end-to-end solution," said Mark Nashman, President and CTO, Clarity Systems. "The win was sold in conjunction with KPMG, and is a direct result of our developing relationship with this leading provider of implementation services across the globe."

Clarity FSR is an innovation for the Office of Finance that makes it easier to create and submit external financial and regulatory reports such as annual and quarterly reports, with unique integrated XBRL capabilities. Clarity FSR is the only product of its kind on the market.

SOURCE: IMI PLC Selects Clarity FSR