France Active successfully introduces Clearwater Analytics to optimize accounting for investments

Boise, Idaho and Paris (ots/PRNewswire) – Clearwater increases transparency, compliance with French GAAP and overall monitoring of investments

Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting and analytics solutions, today announced that after a five-month launch period, France Active has launched the Clearwater platform to simplify investment accounting and to centralize the accounting ledger. France Active is among more than 60 companies working with Clearwater in France and has chosen Clearwater’s award-winning SaaS platform to comply with local accounting standards and achieve consistent alignment with the market and regulators.

France Active benefits significantly from Clearwater, including timely accounting, efficient end-of-period operational tasks and increased productivity through the automation of reconciliation and reporting tasks. According to France Active managers, the company’s financial experts achieve a higher quality of operational and accounting processes in all areas.

The nonprofit organization cited Clearwater’s expertise in French GAAP, such as: B. Management of premium/discount write-offs and impairments, a seamless onboarding process and a single point of contact for accounting, risk, compliance and regulatory reporting.

“We are pleased to have timely, accurate and comprehensive information about our investment data, which will help us make timely decisions about our investment portfolio and accounting,” said Benoît Coujandassamy, Treasurer at France Active. “The unique mix of expertise and the Clearwater Analytics’ innovative SaaS-based platform helps us comply with changing investment accounting standards and meet French GAAP standards, simplifying a complex, manual process. Clearwater’s powerful investment accounting platform has given us a new perspective “How we can complete daily reconciliation, data validation and compliance checking tasks at a glance. This is an additional control lever that will further facilitate our financing initiatives for the benefit of committed entrepreneurs.”

“We are excited to work with France Active to help them simplify their operating model, improve operational efficiency and enrich their workflows through significantly improved investment and accounting data and analytics,” said Keith Viverito, Managing Director Director EMEA and APAC at Clearwater Analytics. “We care about our clients’ success and are proud of our high NPS score of 60+. As our platform continues to make a significant impact on the world of wealth management, we are focused on: “To deliver world-class localized accounting and investment analysis that gives our clients a comprehensive view of their wealth and gives them the confidence that they are making the most informed decisions about their investments.”

If you would like to learn more about Clearwater Analytics, speak to an expert today.

Information about France Active

France Active is a French non-profit organization whose aim is to support and promote entrepreneurship, particularly among socially or economically disadvantaged individuals and groups. France Active was founded in 1988 and consists of a network of local and regional associations across France. The primary focus is to promote economic and social development by providing financial assistance, advice and resources to assist individuals in establishing and developing their businesses.

France Active’s mission is to contribute to job creation, economic empowerment and community development by promoting entrepreneurship as a means of overcoming social and economic inequalities. The organization works with various partners, including public entities, financial institutions and private companies, to achieve its goals and support the growth of sustainable and inclusive companies. For more information, see https://franceactive.eu/.

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 solutions for investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, and risk and order management. Every day, leading insurers, asset managers, corporations and governments use Clearwater’s trusted data to make efficient, scalable investments in more than $7.3 trillion in assets, spanning both traditional and alternative investments. For more information about Clearwater, please visit the company’s website at clearwateranalytics.com.

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