1. Clarity Systems Briefing to FEI CFIT Mark NashmanPresident & CTO mnashman@claritysystems.com 416-250-5500 ext. 407 Louis MatherneDirector, XBRL Services lmatherne@claritysystems.com 212-336-0452

2. 2 Agenda Clarity Systems Overview Clarity FSR Unified Financial Governance Solution oAutomated External Reporting oIntegrated XBRL Demonstration Questions & Answers

3. 3 1995 Founded Clarity 6 & Clarity FSR Solutions Fortune 1000 – across all industriesCustomers 40,000+ usersUsers 40% + average annual growth rate Growth Focus on CPM & Financial Governance Focus No debt. No V.C. Privately held Stability Clarity Systems

4. 4 Unified Solutions Automated External Reporting XBRL Enterprise Risk Management CSR Reporting GAAP to IFRS Conversion Regulatory Reporting Budgeting Forecasting Planning Reporting & Analytics Financial Allocations Profitability Modeling Financial Modeling Scorecards Dashboards Financial Consolidations Strategy Maps CPM Clarity 6.5 Financial Governance FSR 6.5 Single Technology Single Installation Single Upgrade Path Unified Licensing Model Single User Interface Single Training Program

5. 5 What the Analysts are Saying… Clarity named “Cool Vendor” Gartner Cool Vendors in Risk Management and Compliance March 19, 2009 Clarity named “Visionary” Gartner Magic Quadrant for CPM Suites December 19, 2008 “Clarity Systems has a differentiated capability to produce full regulatory filings as well as strong XBRL tools.” Source: The Forrester Wave, October 2007

6. Clarity FSR Automated External Reporting

7. 7 The Last Mile in Financial Reporting Planning Modeling Budgeting Forecasting The Last Mile Board Book 10Q, 10K Annual Report Prospectus Consolidation Reporting Manual processes dominate “The Last Mile” –Extensive use of MS-Word and MS-Excel, shared via e-mail –Data accuracy issues –Collaboration is difficult –No internal controls –No audit trail –High degree of risk –Manual process is repeated each reporting period

8. 8 Clarity FSR – Improving The Last Mile Automated method to produce statutory, regulatory and internal reports –10K, 10Q, 8K, MD&A, Annual, Board Book, Prospectus, Flash or Management Clarity FSR key features: –Dynamically driven from a central database –Leverage the formatting capabilities of MS-Word and the calculation features of MS-Excel –Collaborative environment –Security driven access with full audit trail –Workflow for report reviews and approvals

9. 9 Clarity FSR – How it Works Title Page Table of Contents Letter to Shareholders Business Overview Balance Sheet Income Statement Cash Flow Statement Notes – Cash Notes – Long Term Assets Notes – Revenue Auditors Report Compliance Processes Clarity FSR External Document Financial Information OLAP Relational ERP Consolidations Data Sources Data Collection (Statistical & Operational) Collaboration Balance Sheet Income Statement Cash Flow Statement Title Page Table of Contents Letter to Shareholders Business Overview Notes – Cash Notes – Long Term Assets Notes – Revenue Auditors Report Compliance Processes EDGAR-ready Output Options In-Design HTML

10. 10 Sharing Information Across the Organization Investor Relations Regulatory ReportingExternal Reporting Legal Internal Reporting “One Version of the Truth” Across the Enterprise Clarity FSR

11. Clarity FSR – XBRL Louis MatherneDirector, XBRL Services

12. 12 June 30 2009June 30 2010June 30 2011June 30 2012 SEC XBRL Mandate June 30 Large Accelerated Filers (~500 companies) >$5B public float Detail tagging of financials Block tagging of notes/schedules Detail & block tagging of notes/schedules All other Large Accelerated Filer (~1,200 companies) Detail tagging of financials Block tagging of notes/schedules Detail & block tagging of notes/schedules All Remaining Filers (~7,200 companies) Detail tagging of financials Block tagging of notes/schedules Detail & block tagging of notes/schedules “Detail tagging of notes/schedules”: Every data point (e.g., monetary value, percentage or number) in the financial notes or within bodies of text must be separately tagged

13. 13 External Reporting & XBRL Bolt-On XBRL (Year 1 – Block Tagging Only) Financial Consolidations External Reporting Process SEC Filing External Reporting Process SEC Filing Deadline

14. 14 External Reporting & XBRL Bolt-On XBRL (Year 2 – Detail Tagging) With more work to do the risk of late filing and the risk of errors increases. Financial Consolidations SEC Filing External Reporting Process SEC Filing External Reporting Process SEC Filing Deadline

15. 15 SEC Filing External Reporting Process Financial Consolidations External Reporting Process SEC Filing External Reporting Process SEC Filing Deadline With Clarity FSR, the XBRL tagging is more efficient: XBRL tagging is integrated within the external reporting process, plus Clarity FSR Tag Once TM technology make future reporting even faster Leading to: Reduced Risk of Late File, and Reduced Risk of Errors Clarity FSR’s Integrated XBRL External Reporting & XBRL Plus, Clarity FSR automates the overall external reporting process, so timelines can be further reduced

16. 16 Clarity FSR – the only Integrated XBRL Solution Bolt-On to the External Reporting Process Clarity FSR Integrated with the External Reporting Process Basic XBRL tagging XBRL tagging Support for the latest taxonomies XBRL Validation Advanced XBRL Capabilities Tag Once TM Seamless Integration with Source Data Automated Rounding Define document once - publish to multiple formats Audit trail Workflow Automated Taxonomy Extensions Taxonomy Version Management Taxonomy Custom View Taxonomy Collaboration Inline XBRL Output Variables in text Integrated Compliance Check-Lists

17. Clarity Systems Briefing to FEI CFIT Mark NashmanPresident & CTO mnashman@claritysystems.com 416-250-5500 ext. 407 Louis MatherneDirector, XBRL Services lmatherne@claritysystems.com 212-336-0452