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For KPIs that require further examination in Visualizer, Clarity allows users to investigate and track the roots of numbers with the click of a mouse.

“All of our sales reps get their performance from the previous day by signing on to CPM the next morning,” Melodysta says. “Our branches and sales offices can do their budgeting on CPM and they can look at all the KPIs. Everyone is always on the same track.”

Clarity is used by approximately 150 large and mid-sized companies, including American Eagle Outfitters and Eastern Mountain Sports.

Streamlined budgeting
In the past, American Eagle’s systems left it prone to budgeting errors and made the process difficult to follow. After implementing Clarity, it was able to streamline the budgeting process and widen the scope of analysis. The company also developed a number of OLAP databases, including financial reporting, tax reporting, financial planning and KPIs.

Eastern Mountain Sports was using an Excel-based system made up of numerous linked spreadsheets and workbooks that were a challenge to collect, consolidate and distribute. By using Clarity as its budgeting, forecasting and reporting solution, it now has a faster reporting turnaround for consolidated financial statements and selected retail store reports.

A single, unified user interface is accessed through the web, allowing for easy and straightforward deployment and maintenance. As a result, users do not need to download software and can operate and work within the system from virtually anywhere. Clarity 6 has the look, feel, formulas, grids and formats of Excel with the added bonuses of data storage, security and a web base, Pizzolato says.

Clarity 6.1, due out this month, will add Financial Statement Reporter, a function that gathers information from multiple sources in the company to efficiently create annual reports, 10-Qs, 10-Ks and 8-Ks. It will also include Clarity Tracking and an advanced audit trail with “data lineage,” a function that can track an original number to its current state and reveal who modified or changed a figure and when it occurred.

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