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- Clearwater Analytics Wins Insurance Asset Risk Awards 2023 IFRS 9 Solutions Provider of the Year Award
Clearwater's investment platform enables investors to comply with IFRS 9
BOISE, Idaho, March 3, 2023 /PRNewswire/ -- Clearwater Analytics, a leading provider of SaaS-based investment accounting, reporting and analysis solutions, today announced that it has won the IFRS 9 Solution Provider of the Year award for its flexible reporting and analysis capabilities that play a critical role in helping financial institutions streamline their investment operations, maximize their investment portfolio data, and succeed as they implement IFRS 9.
"We are delighted with this recognition. It lets financial institutions know that Clearwater can easily handle the classification and measurement needs required under IFRS 9," said Gayatri Raman, managing director, Europe, Clearwater Analytics. "We see tremendous momentum from our customers and new buyers around our technology platform and customer services. Clearwater has a special responsibility to anticipate and understand regulations and ensure our technology and services are robust and compliant, driving adoption of IFRS 9 is easy for them".
Clearwater's team of regulatory experts help organizations develop and execute their IFRS 9 compliance plan. Clearwater's solution is equipped with the data management and reporting tools needed to successfully adopt IFRS 9 and offers the flexibility to meet the unique needs of businesses of any size.
Specifically, for each account, Clearwater applies the advised measurement and classification category and updates it per customer direction when necessary. Clearwater uploads and tracks customer ECL provisions and provision stages so roll-forward ECL disclosures can occur automatically.
This award is the latest in a series of growing industry recognitions for Clearwater, including Technology Provider of the Year, Best Reg Technology Solution and Technology Company of the Year. These awards underscore the competitive advantage, data quality improvements, and significant efficiencies that the Clearwater platform offers its customers.
Clearwater's comprehensive IFRS 9 Implementation Checklist helps clients establish compliance processes for IFRS 9 and can be found here. To learn more, talk to a Clearwater expert today.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), an industry-leading global SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Every day, leading insurers, asset managers, corporations and governments use Clearwater's trusted data to drive efficient and scalable investment in more than $6.4 trillion in assets spanning traditional and alternative asset types. For more information on Clearwater, visit clearwateranalytics.com.
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