Elite, Clarity Systems, Introduce Firm Performance Management
Thomson EliteLOS ANGELES, Feb. 19, 2009 – Elite, a worldwide provider of integrated practice and financial management systems for professional services firms and Clarity Systems, a leader in corporate performance management (CPM) solutions, will integrate the Clarity 6 financial reporting and consolidation solution in the Elite Enterprise brand. Elite is part of Thomson Reuters.
This announcement enables Elite Enterprise clients immediate access to the Clarity 6 software suite and offers these clients a seamless transition from Elite Enterprise to 3E – the next generation financial and practice management software system.
The agreement builds upon a successful Elite and Clarity partnership which began in 2006 when Clarity's budgeting functionality was introduced into the Enterprise platform and expanded to an OEM relationship with the new Elite 3E brand in June 2008.
The culmination of these three years of collaboration is the emergence of the Firm Performance Management standard, which brings together leading, industry-specific planning, forecasting, consolidation and financial reporting solutions for legal and professional service firms on the Clarity 6 platform.
"The legal industry has had a disconnected, multi-product approach to performance management," said Frank Pizzolato, chief executive officer, Clarity Systems. "With this announcement, Clarity and Elite will offer Clarity's CPM solution to the entire legal and professional services market, introducing a new industry standard with Firm Performance Management."
"With the recent announcement from Microsoft discontinuing their planning and consolidations products, firms are looking for a CPM solution on a Microsoft platform like Clarity 6," said Steve Buege, president and CEO, Elite. "Clarity's technology is unified and open, enabling us to offer Firm Performance Management to any legal or professional services firm running any major Enterprise Resource Planning (ERP) platform."
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 www.claritysystems.com or call at 1-877-410-5070.
About Elite
Elite is a leading provider of integrated information solutions to professional services firms worldwide. Elite is part of Thomson Reuters and is a premier provider of financial and practice management systems to the legal industry and to other professional services markets, including accounting, marketing services, and management and IT consulting. For more information, visit www.elite.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, Minn., Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange, Toronto Stock Exchange, London Stock Exchange and Nasdaq. For more information, go to www.thomsonreuters.com.
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