Sunday, 24 September 2023

Investment Accounting Innovations Embraced by Clearwater Connect 2023 Conference Attendees

Industry Experts Reveal New Ways to Process Investment Data Efficiently and Effectively at Clearwater Connect 2023 Conference

BOISE, Idaho, Sept. 21, 2023 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a pioneer in SaaS-based investment management solutions, is currently hosting its annual Clearwater Connect conference in Boise, Idaho. This conference brings together top experts and innovators in the financial technology (FinTech) industry to explore groundbreaking advancements and discover how Clearwater’s cutting-edge investment management offerings can drive business growth and productivity.

The conference began with a keynote address from Clearwater CEO Sandeep Sahai, who showcased the company’s innovative technologies, such as alternative assets processing, Clearwater Prism, and Clearwater GPT. The event also featured the Clearwater client awards ceremony and a keynote by Chief Client Officer Subi Sethi, highlighting the exceptional support provided by Clearwater’s Operations team.

Clearwater Connect attendees have the opportunity to immerse themselves in educational sessions covering various industry-related topics, including generative AI, risk management, ESG investment, and NAIC regulatory updates. They are also hearing from numerous customer speakers and experiencing live product demonstrations of Clearwater’s latest advancements.

Here are some highlights of the product innovations and expanded capabilities being unveiled at Clearwater Connect:

**Income Forecasting**: Clearwater has enhanced its income forecasting tool to include non-fixed income assets. Clients can now provide investment yield assumptions for equities, funds, and other non-fixed income assets in their portfolio, allowing for more accurate investment income forecasting.

**ESG Data & Reporting**: Clearwater has integrated environmental, social, and governance (ESG) factors into its portfolios, enabling clients to easily manage climate and other ESG risks. The company has also added reporting based on sustainability regulations and frameworks, providing transparency towards Net Zero goals.

**Self-Service**: Clearwater is automating processes and increasing visibility for clients, allowing them to easily work with the platform at their convenience. End-users now have the ability to create accounts, override pricing, and perform other tasks independently.

**LIBOR Transition**: In support of the industry-wide transition from using LIBOR to SOFR as the alternative reference rate, Clearwater has transitioned over 95% of public securities to SOFRs. This transition streamlines the calculation of financial instruments worth over $200 trillion globally.

Additionally, Clearwater Connect attendees are getting an up-close look at Clearwater LPx, a comprehensive solution for accounting and reporting on private funds. The product enhancements include Clearwater LPx Clarity, which provides transparency for limited partnership investments, and the J-Curve feature, which allows for easy forecasting of capital calls and distributions. The Clearwater LPx Management Console serves as a control center for workflow and oversight, and the Capital Call Dashboard streamlines the approval-based workflow for monitoring and processing capital calls.

Clearwater is also introducing Clearwater MLx, an all-in-one experience tailored for mortgage loan investors. This platform provides comprehensive tools for origination, deal management, analytics, accounting, and reporting. The Clearwater Prism capabilities have been expanded to include a web-based editor, support for attribution reporting, and the ability to create statements and workflows tailored to meet audit needs.

Another exciting announcement is Clearwater JUMP, which offers advanced capabilities for order management and portfolio management. This unified platform streamlines the investment lifecycle and empowers clients to make informed decisions.

Clearwater’s CTO, Souvik Das, emphasizes the company’s dedication to innovation and its commitment to providing clients with tools that automate repetitive tasks, enabling faster decision-making and improved productivity. With the integration of generative AI and the support of global clients, Clearwater believes that its award-winning technology platform can revolutionize investment management.

To learn more about Clearwater and its innovative solutions, connect with an expert today. Follow Clearwater Analytics on LinkedIn and join the Clearwater Connect conversation on social media using the hashtag #Connect2023.

About Clearwater Analytics:
Clearwater Analytics (NYSE: CWAN) is a global, industry-leading SaaS solution that automates the entire investment lifecycle. With its comprehensive suite of tools and trusted data, Clearwater empowers leading financial institutions to drive efficient and scalable investing on trillions of dollars in assets. For more information, visit clearwateranalytics.com.

To read more articles on the latest business and tech developments, visit GPT News Room.

Editor’s Notes:
The Clearwater Connect 2023 conference has unveiled a multitude of exciting advancements in the investment management industry. Clearwater’s innovative solutions and commitment to excellence are revolutionizing the way businesses handle their investment data. With their sophisticated platforms and cutting-edge technologies, Clearwater is empowering clients to make informed decisions, drive productivity, and achieve growth opportunities. As we witness the power of innovation at Clearwater Connect, it becomes apparent that the future of investment management is here.

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