Accounting for your investment portfolio can be demanding. You have to book journal entries, prepare financial reports and disclosures, reconcile activity and statements, keep up with ever-changing accounting regulations, and much more. Clearwater automates many of these data-related challenges, allowing you to focus on what you do best.
As investments grow, data reconciliation and validation requirements become more complex and difficult to scale. As a result, reconciliation becomes slower, more expensive, and less accurate.
Clearwater changed the way we report for the better. Reconciliation has been reduced from several hours to 10 minutes, and the time saved is invaluable. Our stakeholders love it, our accounting team loves it, and I would recommend it highly.
Treasury teams often rely on a variety of software systems for their investment accounting processes, but integrating these systems can be difficult, error-prone, and costly.
Consolidating with Clearwater allows us to see all our portfolio holdings in one view. We can compare managers and strategies in ways we couldn’t before. Because of the automation, we are able to keep a lean treasury team, while still pursuing new growth strategies.
Accessible and easy-to-read reports are crucial to evaluating investment strategies and meeting regulatory demands, but legacy reporting is often inflexible, difficult to integrate, and limited in format.
With Clearwater, we were able to automate all of our 10-K and SEC disclosure statements so that they're flowing straight through. The data manipulation that we used to have to do was really mind-boggling. So now we're really getting to the point where we have data out of the system that we spend time analyzing rather than just compiling it.
As the size of an investment portfolio increases, daily processes grow more complex and disjointed. As a result, companies lose in-depth control of their data.
The power of Clearwater is that in one place we can see all of our key metrics—risk, accounting, performance, and compliance—without spending time pulling data from multiple sources, aggregating it and reconciling it. Our time is spent executing and discussing strategy.
Customer service is a key component for any technology, but support for many investment accounting systems is often slow to respond, expensive, and frustrating.
Clearwater’s client service team has been a great resource for us. In addition to being industry experts, they’re highly responsive to our questions and concerns. The work ethic and overall culture of the company is very impressive.
Get a jump-start on closing your books and preparing for 2018 with Clearwater's year-end checklist.