Product Update Announcement

The most recent release provides users with the ability to configure reports with unlimited flexibility and is designed to provide deep insight into the most complex organizational structures. New drag and drop report writing functionality combined with the ClearFinancials® data model makes complex report writing both efficient and user friendly. This banded report writer allows users to report or query ClearFinancials® data or aggregate data sourced from disparate data sources or operating systems..

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the release of version 6.0 of the company’s flagship application ClearFinancials®.

The most recent release provides users with the ability to configure reports with unlimited flexibility and is designed to provide deep insight into the most complex organizational structures. New drag and drop report writing functionality combined with the ClearFinancials® data model makes complex report writing both efficient and user friendly. This banded report writer allows users to report or query ClearFinancials® data or aggregate data sourced from disparate data sources or operating systems. New features include advanced charting and sub-reporting to facilitate analyst commentary and to support the need to consolidate key management information into one report.

In addition, ClearFinancials® now supports the ability to drop “Public” reports in shared folders to make specific data available to key stakeholders and other user groups for the efficient distribution of critical performance data.

Version 6.0 includes a host of general usability enhancements including drill down visibility from top level financial statements down through to general ledger accounts including those operating with multiple divisions, operating units, profit centers or multiple currencies.

ClearMomentum provides executive managers and capital providers with a Corporate Performance Management (CPM) solution that integrates financial strategy with business analytics, modeling, budgeting and is rapidly becoming the industry Gold Standard for transparent financial reporting. The solution provides an unmatched user experience delivered SaaS and can be deployed across the enterprise efficiently and cost effectively.”

In recent years, academics and management consultants have argued the merit of the strategic management plan that is based upon the intelligent use of company performance data. New technologies have evolved to support the growing need for data that supports intelligent management decision making. Corporate performance management systems clearly provide a distinct competitive advantage to those with the ability to execute strategy based upon the data. However, while vigorous data analysis and reporting makes sense, the effort may be fruitless if causal factors and metrics to measure those same factors are not linked to corporate strategy. If the goal is to increase economic value, management energy must be purposefully directed toward activities that exhibit the greatest potential to influence the outcome in a positive way.

Click Here to Download

Providing transparent and accurate financial performance data to investors, partners and auditors is becoming increasingly important, if not critical for those engaged in the business of private equity and venture capital. In the recent past, this complex environment was tied together with a myriad of Excel® spreadsheets that served to aggregate, consolidate and report portfolio-company performance, making this task extraordinarily inefficient, costly and fraught with error. This paper will frame the problem in some detail and will offer several solutions designed to meet the needs of capital providers that seek to provide more accurate and consistent financial reporting to those that depend on it most.

News/Press Release

CPAC, Inc chooses ClearFinancials® to provide CPM functionality across a diverse multinational corporate structure.

“ClearMomentum, Inc., a developer of CPM, Corporate Performance Management software and services announced the completion of a major global implementation for CPAC, Inc., a large multi-national company headquartered in Leicester, New York. CPAC, Inc., is a large multi-national company that markets specialty chemicals, equipment and hard goods into two industry segments represented by Fuller Brands and the CPAC Imaging group.

The Fuller Brands segment includes The Fuller Brush Company, Stanley Home Products, and Cleaning Technologies Group. Fuller Brands manufactures and markets over 2700 branded and private label products for commercial and household cleaning, and personal care. The Fuller Brush name has been associated with high quality and value for over 100 years and is well known throughout the world.

CPAC’s imaging segment includes three domestic and four international chemical and equipment manufacturing operations representing nearly 800 branded and private-label chemistry formulations, environmental compliance systems, chemical mixers, and accessories. The company markets into over 100 countries worldwide.

Over the past several decades, the company diversified through a host of acquisitions into South Africa, Asia, Europe and the United States resulting in a complex financial reporting structure. Operating systems that differed by division and divisions of divisions coupled with language barriers and five separate currencies combine to create a monumental monthly financial reporting task. Disparity of operating systems, financial structures and currency exchange also made it difficult for CPAC to conduct real-time meaningful business performance analysis.

The implementation of ClearFinancials® provides the company with the ability to achieve one-view of the company’s financial structure from the top level balance sheet down to the general ledger of each operating division. In addition the solution provides the ability to view individual or consolidated financials in any currency at any point in the company’s hierarchy at any time.

In addition, ClearFinancials® unites the entire CPAC enterprise with one corporate budget and modeling solution that aligns each division with corporate objectives. The company may now analyze financials performance metrics as well as non-financial performance metrics at any level through performance dashboards throughout the organization that reflect the company’s unified strategy. The application was implemented from start to finish in less than 90 days.

ClearMomentum provides executive managers with a ‘Purpose Driven’ CPM solution that integrates financial strategy with business analytics, modeling, budgeting and reporting. The solution provides an unmatched user experience delivered via SaaS and can be deployed across the enterprise efficiently and cost effectively.”