Clearwater

What it does

Clearwater Analytics is a SaaS investment accounting and analytics platform used by insurance companies, asset managers, and corporate treasuries to automate investment accounting, reporting, and compliance across fixed income, equities, and alternative investment portfolios. AI capabilities include AI-powered automated reconciliation matching portfolio data against custodian records and flagging discrepancies, machine learning anomaly detection identifying unusual accounting entries, automated regulatory reporting generating NAIC, IFRS 9, and GAAP-compliant investment schedules, and AI-assisted classification of complex investment instruments. Clearwater processes over $7 trillion in assets under administration.

Strengths

• Insurance companies, large asset managers, and corporate treasuries use Clearwater for automated investment accounting - AI reconciliation eliminating manual matching and regulatory report automation satisfying complex requirements.
• Clearwater Analytics is a SaaS investment accounting and analytics platform used by insurance companies, asset managers, and corporate treasuries to automate investment accounting, reporting, and compliance across fixed income, equities, and alternative investment portfolios.
• AI capabilities include AI-powered automated reconciliation matching portfolio data against custodian records and flagging discrepancies, machine learning anomaly detection identifying unusual accounting entries, automated regulatory reporting generating NAIC, IFRS 9, and GAAP-compliant investment schedules, and AI-assisted classification of complex investment instruments.

Watch-outs

• Enterprise investment management focus only: Clearwater is built for institutional investment portfolios — small investment firms and non-financial companies have no applicable use case.
• Very high cost: Clearwater's enterprise pricing reflects its institutional client base — contracts run hundreds of thousands to millions annually.
• Implementation requires investment operations expertise: Configuring Clearwater requires deep knowledge of investment instruments, accounting standards, and regulatory requirements.

Pricing

Pricing based on assets under administration. Not published. Enterprise contracts start at hundreds of thousands annually. Annual contracts.