*Clearwater Analytics* Global investment accounting leader navigates sudden market shifts to deliver data and reporting quickly, with help from IBM and Amazon Web Services.
In engaging IBM, Clearwater was initially focused on deploying infrastructure to the Amazon Web Services (AWS) Cloud. Success with that early effort expanded the project to include design, build, migration, and validation of a large database environment, leveraging the power of Amazon Elastic Compute Cloud (Amazon EC2).
Since moving to AWS, Clearwater developers are experiencing a 20 percent increase in productivity—allowing them to spend more time servicing and innovating for customers.
Institutional asset owners are generally conservative by nature—and when aggregating data from thousands of financial feeds, making informed decisions quickly and confidently can be challenging. Collecting data manually is time consuming and unsustainable with organizations needing to be faster. Successful companies today require timely, accurate, and comprehensive data about their investment portfolios in order to effectively make capital allocation decisions, manage risk, measure performance, and improve the bottom line. How best to deliver data-driven decisions in this dynamic world?
Enter industry-leading Software-as-a-Service provider Clearwater Analytics, which powers investment accounting and reporting software for some of the most successful insurance companies, asset managers, and organizations around the world.
Clearwater aggregates, reconciles, and reports on investment data to customers daily. However, market peaks and bursts common in the cyclical accounting world created additional system usage on its private cloud and costs—so, Clearwater set out to modernize its IT infrastructure, engaging the help of IBM.
IBM helped Clearwater migrate the bulk of data to Amazon Web Services (AWS) in just six months, giving Clearwater developers a 20 percent productivity lift on the cloud. Developers now spend more time delivering new tools versus applying patches or managing infrastructure. Also, they’re taking advantage of the breadth of AWS solutions, which offer increased scalability and security, so Clearwater can focus on customers.
On the horizon, Clearwater aims to offer customers in Europe and other parts of the world data sovereignty—the ability to house their data in their geographical location. With a hand from IBM and AWS, Clearwater continues innovating the world of investing.
