Robert Kugel's Analyst Perspectives

IBM Provides Clarity for Finance

Posted by Robert Kugel on May 24, 2011 1:31:20 PM

IBM Software recently held a user group conference called Vision 2011 that focused on its Clarity Systems acquisition’s users but also covered broader finance department topics. For me, the highlight of the show was the continued evolution and enrichment of the Clarity FSR external reporting application designed to automate the close-to-report cycle. This process is commonly referred to as “the last mile of finance,” a term coined by a now-defunct company, Movaris, and adopted by Gartner. If you think about it, though, it isn’t “the last mile” for the tens of thousands of companies that don’t publish financial statements and is only one of several important finance department processes that follow the accounting close (such as internal reporting and tax statement preparation).

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Topics: last mile of finance, tagging, XBRL, Financial Performance, Uncategorized, CFO, Corporate Finance, SEC