| Market Capitalization (Millions $) |
7,245 |
| Shares
Outstanding (Millions) |
295 |
| Employees |
3,000 |
| Revenues (TTM) (Millions $) |
826 |
| Net Income (TTM) (Millions $) |
-50 |
| Cash Flow (TTM) (Millions $) |
-194 |
| Capital Exp. (TTM) (Millions $) |
129 |
Business Description
With what we think is the industrys most trusted and innovative single instance, multi-tenant technology platform, Clearwater offers transparency to the opaque world of investment accounting and analytics. Our cloud-native platform enables customers to significantly simplify their investment accounting activities, allowing them to focus on higher-value business responsibilities like asset allocation strategy and investment selection. Instead of weekly or monthly reporting, our platform delivers full accounting, statistics, and sophisticated analytics, as well as highly configurable reporting for global investment assets on a daily or on-demand basis. We provide our clients the assurance that they are making the best decisions possible in terms of investment performance, regulatory compliance, and risk.
We provide investment accounting and reporting, performance measurement, compliance monitoring and risk analytics solutions for asset managers, insurance companies and large corporations. Every day, Clearwater's powerful platform aggregates and normalizes data on over $5.9 trillion of global invested assets for over 1,100 clients. We bring modern software to an industry that has long been dominated by difficult-to-use, high cost legacy technologies and processes, which often lack data integrity and traceability, and often require significant manual intervention. The strength of our platform is demonstrated by our approximately 80% win rate for new clients over the prior four years in deals that reached the proposal stage.
The markets we serve are highly complex and changing rapidly. All asset owners and asset managers need timely, accurate and comprehensive information about their investment portfolios in order to effectively make capital allocation decisions, manage risk, measure performance, comply with regulations and communicate to various stakeholders internally and externally. This requires organizations to have a comprehensive, global view of their investment portfolio. A partial view of one asset class or one reporting regime is ineffective: delivering analysis on 95% of the portfolio is inadequate because, more often than not, the opaque final 5% of the portfolio creates disproportionate risk. A single client can invest in over 60 different asset classes, hold assets in over 40 different currencies, be governed by more than 10 accounting regimes and hold positions representing thousands of individual tax lots. These clients often have separate accounting, reporting, performance, compliance and risk management products for each asset class and each country. Furthermore, clients frequently require large teams of people to manually review, compare and enter data, correct errors and build custom reports across multiple disparate systems and spreadsheets. Our platform provides our clients with a single consolidated and transparent view of investment data and analytics.
Our purpose-built single instance, multi-tenant technology platform simplifies our clients' investment accounting and reporting, performance measurement, compliance monitoring and risk analytics infrastructure and workflow. Our software automates data aggregation, data reconciliation and data validation of each security in our clients' investment portfolios. This creates a fully reconciled 'Golden Copy' of investment portfolio data, which can be trusted for accurate reporting and analytics. Our clients benefit from having a comprehensive 'single pane of glass' view for daily visibility into all investment data and analytics. Our platform often allows clients to eliminate multiple legacy products and systems as well as significant manual labor. Approximately 91% of portfolios are automatically validated, reconciled and processed without further intervention. The remaining 9% of accounts are flagged for further analysis and reconciled by our reconciliation team.
In order to deliver these powerful solutions and benefits, we purpose-built our technology stack to efficiently process millions of daily transactions in a highly scalable and efficient manner. Our platform is built on a single code base and eliminates the need for costly and time-consuming patches and upgrades across multiple, disparate software instances. As new features are developed and deployed, they are made available to all clients. Our system leverages the latest machine learning and artificial intelligence tools to ingest both structured and unstructured data that is transformed into a universal security model that enables network benefits for our clients.
Our clients access the platform through a web-based interface that is highly configurable and provides a set of tools that enable our clients to derive actionable insights on a daily basis. This allows our clients to view their portfolio data from anywhere with an internet connection. Our intuitive, easy-to-use website allows users to view high-level portfolio information and quickly drill into portfolio specifics down to the most granular security level. Our platform also creates automated feeds to other client systems'such as trade order management systems, data warehouses, enterprise resource planning (ERP) systems and others'eliminating the need for clients to manually enter data from Clearwater's solution into other client systems.
Company Address: 777 W. Main Street Boise 83702 ID
Company Phone Number: 433-1200 Stock Exchange / Ticker: NYSE CWAN
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