State Treasuries Can Now Manage Local Government
Investment Pools and State General Funds Using Clearwater for
Pooled Funds
BOISE,
Idaho, Feb. 15, 2024 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced the availability of Clearwater for Pooled Funds. This solution
aims to transform and simplify the way state treasurers manage
their investments and operations.
Clearwater for Pooled Funds
provides state treasuries and their pool participants with a
user-friendly, web-based portal for always on, accurate fund
details. By integrating seamlessly with Clearwater's accounting and reporting
platform, state treasury office users can now conveniently access
the most accurate data, inform participants, prepare statements,
and reliably grow with the expert services of Clearwater — all from one central
platform.
Traditionally, state treasurer's offices faced significant
challenges with manual requests and limited participant access. The
process involved highly latent processes like emailing deposit
forms, verifying wire transfers, and manual review of accounting
details.
With Clearwater's new portal,
this process is now simplified, allowing investment teams to focus
on their investments and growth, while participants can easily
transact and view statements. Clearwater for Pooled Funds empowers
administrators to:
- Gain a comprehensive, daily view of all assets under
management, including internally managed, externally managed and
state pool assets. Clearwater
gathers, cleans, and reconciles the assets, and then provides
unparalleled accurate, detailed data via intuitive online
tools.
- Generate period-end (daily, monthly, quarterly, yearly)
reporting required for compliance, risk and performance management.
Clearwater maintains a library of
canned reports and allows users to customize any reports to meet
unique needs. These reports can be used to generate monthly,
quarterly, and yearly statements for participants.
- Optionally offer account owners access to their own investment
data. Clearwater offers a
participant portal that securely delivers real-time accurate data
to fund participants.
"Clearwater is widely regarded
as a best-in-class investment accounting platform for State
Treasurer's Offices, and the addition of our new participant portal
ensures complete and secure access for all parties," said
Souvik Das, CTO at Clearwater
Analytics. "Clearwater for Pooled
Funds offers the most accurate, timely, and robust solution for
fund managers. State treasury teams can seamlessly navigate local
government investment pools, complete with participant portal
logins and statement preparation, all within a single
platform."
To explore the features and benefits of Clearwater Analytics,
speak to an 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