Clearwater Highlights Government Clientele Ahead of GFOA Conference

BOISE, Idaho–(BUSINESS WIRE)–Clearwater is excited to join government professionals from around the
country at the 113th annual conference of the Government Finance
Officers Association on May 19-22 in Los Angeles. Clearwater employees
are participating in sessions, meeting with attendees in the exhibit
hall, and connecting with clients throughout the event.

With more than 60 government clients representing 22 states,
Clearwater’s commitment to government investors has grown significantly
in recent years. Collaborative client relationships provide Clearwater
with a deeper understanding of the challenges faced each day by
governments, and the firm’s investment in research and development has
increased in response to meet those challenges.

In the past year, many city governments, including the cities of Grand
Rapids and Minneapolis, have moved to Clearwater for investment
portfolio aggregation, reconciliation, accounting, and reporting.

“After a lengthy RFP process to evaluate investment managers, we
determined we needed to have reporting capabilities in our own hands.
That is what we get with Clearwater,” said John Globensky, Treasurer for
the City of Grand Rapids, Michigan. “Our pricing, custody, and
investment manager account data is pulled in to the system daily,
freeing up time for us to do other value-added work instead of manual
data entry. With Clearwater, we are beginning to see major efficiencies
that we have struggled to capture in the past.”

“We chose Clearwater because we wanted to see all of our cash and
investment information in one place for reporting, supporting investment
decisions and monitoring compliance with our investment policy,” said
Mike Abeln, Director of Investments, Capital & Debt Management for the
City of Minneapolis. “Prior to Clearwater, this was a highly manual and
inefficient process, largely dependent on monthly bank statements and
summarization on spreadsheets. Now, it’s automated and updated daily.
And that’s the power of Clearwater for governments: aggregating all of
those disparate data sources into one spot, instilling the confidence
that it’s accurate, and providing the ability to report on it.”

“We provide a host of core benefits to investment teams at state and
local governments,” said Scott Erickson, Chief Operations Officer at
Clearwater. “We share many values with public institutions, like a
commitment to transparency and a mandate to increase efficiency wherever
possible. Our team is excited to be at GFOA and to visit with our valued

About Clearwater Analytics

Clearwater Analytics® is a global SaaS solution for automated investment
data aggregation, reconciliation, accounting, and reporting. Clearwater
helps thousands of organizations make the most of their investment
portfolio data with a world-class product and client-centric servicing.

Each day, the Clearwater solution reports on more than $3 trillion in
assets for clients that include AIG, Arch Capital Group, Cisco, City of
Albuquerque, City of Minneapolis, City of Newport Beach, City of Grand
Rapids, Facebook, J.P. Morgan, Jackson County, Mutual of Omaha, New
Mexico Finance Authority, Oracle, Palm Beach County, Selective Insurance
Group, Starbucks, Unum Group, and many others.

Since its founding in 2004, Clearwater has provided a cloud-native
solution that helps investors make the most of their data. Investment
professionals in more than 25 countries trust Clearwater to deliver
timely, validated investment data and in-depth reporting.

Additional information about Clearwater can be found at
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Lauren Brassey | Director of Marketing | 208.489.3909 |

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