July 20, 2024

Cocoabar21 Clinton

Truly Business

Clearwater Analytics Enhances Transamerica’s Expense Info Administration

3 min read

BOISE, Idaho–(Company WIRE)–Clearwater Analytics, a world-wide SaaS methods supplier, introduced currently that it is applying its cloud-based expense info management and reporting alternative for Transamerica, a foremost service provider of investment decision methods. Clearwater’s automatic system will support the economic solutions company handle investment data aggregation, reconciliation, accounting, and reporting.

Utilizing the Clearwater system is aspect of Transamerica’s endeavours to drive innovation and efficiency even though removing the want for in-property source dedication to IT maintenance and assistance of portfolio details consolidation and reconciliation.

“The Clearwater answer will support streamline how we handle our info,” claimed Michiel van Katwijk, Main Money Officer at Transamerica. “Working with Clearwater Analytics permits Transamerica to combination and reconcile information, which makes it possible for us to emphasis on analyzing expense results and furnishing worth-extra enterprise aid and decision producing.”

The Clearwater platform provides Transamerica centralized obtain to financial investment information for all asset courses, in aspect by streamlining financial commitment accounting methods and reporting. It also minimizes the IT infrastructure needed for the routine maintenance and day-to-day performing of its prior on-premises financial investment accounting method. The SaaS resolution also lets for fully-built-in and intuitive ad-hoc reporting.

A cloud-based mostly remedy has the web impact of increased personnel gratification. It will allow for financial investment accounting groups to be proactive advisors. Also, the Clearwater system halves period of time-conclude near timelines, getting rid of the want for team additional time.

“The Clearwater option signifies a market-major long term-point out design that radically simplifies legacy architectures,” claimed Scott Erickson, Chief Running Officer at Clearwater Analytics. “The transition to this point out-of-the-art model is inescapable for the accounting and reporting functionality inside the business. We are committed to a investigate, enhancement, and innovation course of action that regularly boosts the customer working experience. We appear forward to staying a long-phrase collaborator and lover with Transamerica.”

About Transamerica

With a historical past that dates back again additional than 100 a long time, Transamerica is recognized as a primary supplier of existence insurance, retirement, and investment decision alternatives, serving tens of millions of prospects all through the United States. Recognizing the necessity of wellbeing and wellness throughout peak operating life, Transamerica’s focused pros perform to assistance men and women choose the measures important to reside much better these days so they can fear a lot less about tomorrow. Transamerica serves just about each customer phase, providing a wide assortment of top quality existence insurance coverage and investment goods, particular person and team pension options, as properly as asset management companies. In 2019, Transamerica fulfilled its guarantees to shoppers, paying additional than $50 billion in insurance plan, retirement, and annuity statements and advantages, including return of annuity premiums paid out by the buyer. Transamerica is headquartered in Baltimore, Maryland, with other significant functions in Cedar Rapids, Iowa and Denver, Colorado. Transamerica is aspect of the Aegon group of firms. Based in the Netherlands, Aegon is just one of the world’s major vendors of everyday living insurance policy, pension solutions and asset administration items, working in a lot more than 20 marketplaces globally. For the whole year of 2019, Aegon managed more than $1 trillion in revenue building investments. For additional info, please check out www.transamerica.com.

About Clearwater Analytics

Clearwater Analytics is a world-wide field-primary SaaS answer for automated expense information aggregation, reconciliation, accounting, and reporting. Each individual working day, the Clearwater solution stories on far more than $5.5 trillion in belongings for consumers that include top insurers, asset professionals, companies, pension options, governments, and non-revenue corporations – helping them make the most of their investment decision portfolio details with a globe-course merchandise and client-centric servicing. Financial investment industry experts in 50 countries have confidence in Clearwater to deliver well timed, validated financial commitment knowledge and in-depth reporting. Further information and facts about Clearwater can be identified at www.clearwater-analytics.com, LinkedIn, and Twitter.

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