Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, announced that NorthStandard, one of the world’s preeminent marine insurers, has selected Clearwater to enhance its investment operations.
The Standard Club has used Clearwater over the last five years and underwent a strategic merger with North P&I Club in 2023, with the resulting entity renamed “NorthStandard”. The North P&I Club assets will be integrated onto the Clearwater platform to offer NorthStandard a consolidated, single lens perspective on investment accounting and reporting. Clearwater will offer additional transparency into the investment funds by aggregating the underlying holdings and providing fund look-through reporting.
“By selecting Clearwater, we gain a best-in-class, investment reporting solution that automates reporting processes, ensures data accuracy, and establishes a transparent operating model,” said Nick Jelley, Chief Financial Officer at NorthStandard. “The elimination of manual workarounds and fund reconciliation processes will allow us to redirect our efforts towards performing a comprehensive analysis of our portfolios. Embracing cutting-edge technology ensures we remain at the forefront of innovation in our industry.”
“The Clearwater platform empowers leading organizations like NorthStandard to grow seamlessly and scale by providing business leaders with transparency into their acquisitions,” said Scott Erickson, Chief Revenue Officer at Clearwater Analytics. “Our team is dedicated to driving impactful change with our state-of-the-art solutions. Clearwater continues to rewrite the playbook for investment management so our clients can benefit from greater efficiency, data accuracy, and strategic insight.”
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