Singapore-based Avallis Investments Selects Clearwater Analytics to Propel Business Growth

Rhea-AI Summary

Clearwater Analytics (NYSE: CWAN) has been selected by Singapore-based Avallis Investments to enhance its investment data management and reporting operations. This partnership aims to drive growth in Avallis' wealth management offerings across Asia. Clearwater's SaaS-based solutions will provide Avallis with a comprehensive view of investment portfolios, improving operational efficiency by eliminating manual data aggregation. The platform is designed to enable clients to gain actionable insights quickly, manage risk, and enhance performance measurement. Clearwater Analytics is recognized for automating the investment lifecycle for various institutions, overseeing over $5.9 trillion in assets globally.

Positive

• Partnership with Avallis Investments to enhance data management.
• Clearwater's technology eliminates manual data aggregation, boosting efficiency.
• The solution provides a comprehensive view for better portfolio decision-making.
• Clearwater manages over $5.9 trillion in assets, indicating strong market presence.

Negative

• None.

Avallis to Automate its Investment Accounting and Reporting Operations with Clearwater's Award-Winning, SaaS-Based Solutions

SINGAPORE and BOISE, Idaho, Jan. 20, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that Singapore-based fund manager Avallis Investments has selected Clearwater Analytics to power its investment data management, portfolio analytics, and investment reporting operations in order to drive higher growth across its business. Avallis Investments is an independent asset manager based in Singapore aiming to continually grow its presence in the high-net-worth wealth management space across Asia.

Clearwater's single instance, multi-tenant technology platform will provide Avallis Investments with a comprehensive view and a single source of truth for its clients' investment portfolios. By eliminating the need to manually aggregate, reconcile, and validate data from different sources and systems, Avallis Investments will benefit from having "a single pane of glass" to holistically view their entire investment portfolio and easily respond to unique reporting challenges. As a result, Avallis users will be able to derive actionable insights to make more informed decisions that grow wealth.

"After evaluating a number of investment accounting and front-to-back-office investment operations solutions, Clearwater Analytics came out on top," said Gary Cheo, CEO at Avallis Investments. "Clearwater's powerful network effects—its single instance, multi-tenant architecture—delivers a clear advantage for us in terms of speed, flexibility, and operational efficiencies. It also aligns with our belief in an open, transparent service model that empowers our clients and put their interests first. In a few clicks, our clients can quickly drill into portfolio specifics and track the necessary information to make effective portfolio decisions, manage risk, and measure performance."

"We're excited to work with Avallis Investments in supporting their relationship managers with Clearwater's innovative, on-demand technology platform that boosts operational efficiencies and profitability," said Scott Erickson, President, Americas and Asia, Clearwater Analytics. "Avallis Investments joins our clients in Asia and around the world seeking a transformational, more competitive path forward."

About Clearwater Analytics

Clearwater Analytics (NYSE: CWAN), a global, industry-leading 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. Each day, leading insurers, asset managers, corporations, and governments use Clearwater's trusted data to drive efficient, scalable investing on more than $5.9 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.

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SOURCE Clearwater Analytics

FAQ

What is the significance of Clearwater Analytics partnering with Avallis Investments?

The partnership enables Avallis Investments to enhance its investment data management and reporting, supporting growth in the wealth management sector.

What advantages does Clearwater's SaaS-based solutions offer to Avallis Investments?

Clearwater's solutions offer operational efficiency by eliminating manual data processes, providing a comprehensive portfolio view and actionable insights for investment decisions.

How much assets does Clearwater Analytics manage?

Clearwater Analytics oversees more than $5.9 trillion in assets, showcasing its significant role in the investment management industry.

When was the partnership between Clearwater Analytics and Avallis Investments announced?

The partnership was announced on January 20, 2023.

What is Clearwater Analytics' approach to investment management?

Clearwater Analytics utilizes a single instance, multi-tenant platform that automates the investment lifecycle, enhancing efficiency and scalability for its clients.