Clearwater's Powerful 'Network
Effect' Offers Breakthrough Competitive Advantage for Insurers,
Asset Managers & Corporations
BOISE,
Idaho, March 29, 2023 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced that it has been selected as the winner of the "Best
Overall Accounting Platform" award in the 7th annual
FinTech Breakthrough Awards program conducted by FinTech
Breakthrough, an independent market intelligence organization that
recognizes the top companies, technologies, and products in the
global FinTech market today.
![Clearwater Analytics Wins 2023 FinTech Breakthrough Award for Best Overall Accounting Platform Clearwater Analytics Wins 2023 FinTech Breakthrough Award for Best Overall Accounting Platform](https://mma.prnewswire.com/media/2042479/FinTech_Breakthrough_Awards_2023_Clearwater.jpg)
"This vote of confidence from FinTech Breakthrough proves what
we've long known to be true about the power of numbers. Every
Clearwater client benefits from
powerful network effects. With our single instance, multi-tenant
architecture, every client, whether new or existing, enriches our
global data set by making it more complete, accurate and robust,"
said Susan Ganeshan, CMO, Clearwater
Analytics. "At Clearwater, we believe deeply in unlocking the power
of partnership. It's a force multiplier. To be sure, we're all
better together and gain a meaningful competitive advantage by
leveraging Clearwater's single
source of truth for investment management."
The Clearwater platform
replaces aged patchworks of on-premises software involving
significant manual processes. Clearwater's software aggregates, reconciles,
and validates data from more than 2,500 daily data feeds and more
than four million securities that have been modelled across
multiple currencies, asset classes, and countries. Furthermore, the
Clearwater platform utilizes the
latest machine learning and AI tools to manage complex tasks around
structured and unstructured data. The cleansed and validated data
runs through Clearwater's
proprietary accounting, performance, compliance, and risk solutions
to provide clients with powerful analytics and on-demand,
configurable reporting.
"Investors, asset owners, and managers need timely, accurate and
comprehensive information about their portfolios. Clearwater delivers on this need, offering a
unique value proposition that breaks through and resonates with the
market," said James Johnson,
Managing Director, FinTech Breakthrough. "Their software is a game
changer, driving better decisions about portfolios by providing
accurate, timely, and comprehensive investment data. Clients can
now radically simplify their current operational processes and
establish greater accuracy, speed, and scalability. Congratulations
to Clearwater on being our pick
for the 'Best Overall Accounting Platform' award."
Clearwater is changing the
investment landscape by delivering software that continually
sources, ingests, models, reconciles, and validates every
investment security, a continuous process that eliminates data
discrepancies from clients' investment portfolios. Moreover,
Clearwater's single instance,
multi-tenant architecture allows us to take full advantage of
best-in-class innovations with our platform and make them
immediately available to the entire Clearwater client base.
To learn more about Clearwater Analytics, speak to an expert
today.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market
intelligence and recognition platform for technology innovation and
leadership around the globe, the FinTech Breakthrough Awards
program is devoted to honoring excellence in Financial Technologies
and Services companies and products. The FinTech Breakthrough
Awards provide public recognition for the achievements of FinTech
companies and products in categories including Payments, Personal
Finance, Wealth Management, Fraud Protection, Banking, Lending,
RegTech, InsurTech and more. For more information
visit FinTechBreakthrough.com.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/clearwater-analytics-wins-2023-fintech-breakthrough-award-for-best-overall-accounting-platform-301783918.html
SOURCE Clearwater Analytics