Clearwater's
Investment Platform Enables Investors to Comply with IFRS 9
BOISE,
Idaho, March 2, 2023 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based
investment accounting, reporting, and analytics solutions, today
announced that it has won the IFRS 9 Solution Provider of the Year
for its flexible analysis and reporting capabilities that play a
critical part in helping financial institutions streamline their
investment operations, maximize their investment portfolio data,
and be successful as they implement IFRS 9.
![Clearwater Analytics wins the IFRS 9 solution provider of the year award. Clearwater Analytics wins the IFRS 9 solution provider of the year award.](https://mma.prnewswire.com/media/2014013/CLEARWATER_wins_IFRS_9_solution_provider_of_the_year_award.jpg)
"We're delighted with this recognition. It lets financial
institutions know that Clearwater
can easily handle the classification and measurement needs required
under IFRS 9," said Gayatri Raman,
President, Europe, Clearwater
Analytics. "We see tremendous momentum from our clients and new
buyers around our technology platform and client services.
Clearwater has a special
responsibility to anticipate and understand regulations and ensure
our technology and services are robust and compliant, making the
adoption of IFRS 9 simple for them."
Clearwater's team of regulatory
experts helps organizations develop and execute their plan for IFRS
9 compliance. Clearwater's
solution is equipped with the data management and reporting tools
needed to successfully adopt IFRS 9 and offers the flexibility to
meet the unique needs of businesses of any size.
Specifically, for each account, Clearwater applies the measurement and
classification category advised and updates this upon client
instruction when needed. Clearwater uploads and tracks clients ECL
allowances and allowance stages, so that ECL roll-forward
disclosures can be automatically produced.
This award is the latest in a line of increasing industry
recognition for Clearwater, which
includes Technology Provider of the Year, Best Reg Tech Solution,
and Technology Firm of the Year. These awards underscore the
competitive advantage, high data quality improvements, and
significant efficiencies the Clearwater platform delivers to its
clients.
Clearwater's complete IFRS 9
implementation checklist helps clients establish compliance
processes for IFRS 9 and can be found here. To learn more, speak to
a Clearwater expert today.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$6.4 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics