The Clearwater Analytics system for accounting, performance, compliance, and risk reporting is fully integrated with Northern Trust’s online data delivery platform, Passport, according to the firm. It is designed to “assist corporations with managing their balance sheet cash reserves more effectively while helping satisfy the regulatory and reporting requirements of corporate cash investors.”
According to the announcement, it complements the Investment Risk and Analytical Services solutions that Northern Trust currently provides to institutional investors.
According to the firm, highlights of the Clearwater Analytics platform include:
- actionable risk analytics with drill-down functionality for issuer concentration, index comparison and credit watch
- accounting reports with flexible fiscal calendars and general ledger upload functionality
- customized, daily, security-level compliance monitoring in relation to investment policy with automated violation alerts