Chosen for its funding accounting and reporting capabilities, the Clearwater platform automates and streamlines RiverStone knowledge consolidation, funding accounting, commerce reconciliation, and reporting processes.
As well as, RiverStone will utilise Clearwater to assist diversify its funding technique, scale its enterprise rapidly, consolidate the one view of a multi-manager technique, and enhance business experience.
Moreover, Clearwater removes the necessity to manually course of and reconicle knowledge from completely different sources and techniques, whereas offering customers with a every day complete view of a whole portfolio throughout all asset lessons.
“By leveraging Clearwater’s platform, we now have a every day complete view of our whole portfolio throughout all asset lessons,” mentioned Neil Taylor, group chief funding officer at RiverStone Worldwide. “Clearwater’s expertise and our elevated transparency will enable for data-driven funding choice making and help our international development ambitions.”
“Our staff carried out RiverStone Worldwide in a exceptional four-month window and now gives their managers with a ‘single pane of glass’ view of their whole portfolio throughout all asset lessons. Clearwater helps main international insurers in a direct relationship throughout the globe with over $6 trillion in property flowing via the system every day,” added Scott Erickson, chief income officer at Clearwater Analytics. “We assist international insurers and reinsurers similar to RiverStone Worldwide, in addition to U.S. and Bermuda-based insurers, and we’ve got a big presence throughout the European insurance coverage market, making Clearwater the de-facto resolution for funding accounting and reporting processes.”