Clearwater for
Stable Value Will Provide Scale, Transparency and Operational
Excellence for Franklin Templeton's
Stable Value Business
BOISE,
Idaho, July 16, 2024 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based
data investment management, accounting, reporting, and analytics
solutions, today announced global investment manager Franklin Templeton has selected Clearwater for Stable Value to help drive the
growth within its stable value fund business.
As part of this arrangement, Clearwater for Stable Value will provide
Franklin Templeton with scalable
investment technology, daily portfolio insights, and stable
value-specific capabilities to support its expansion into separate
accounts and new mandates. Franklin
Templeton's team will leverage this enhanced technology to
effectively handle the nuanced aspects of managing stable value
funds, including complex fund structures, securities, and
specialized accounting treatment.
Partnering with Clearwater empowers stable value managers to
enrich their processes, enhance transparency in their investment
data, and facilitate communication with industry counterparts.
Additionally, end users can access a range of specialized tools to
manage stable value portfolios such as contract value accounting,
crediting rate calculations and resets, and contract trading, all
within a comprehensive, web-based solution.
Steven A. Horner,
CFA, and Jo Anne Ferullo, CFA,
Portfolio Managers with Franklin Templeton Fixed Income and
co-leaders of the firm's Stable Value business, look forward to the
scalability and growth potential provided by Clearwater's solution. "As we see significant
opportunity to continue to expand our stable value business,
fortifying our investment technology for the future has become a
top priority, and Clearwater for
Stable Value will be instrumental in unlocking this growth," said
Mr. Horner. While Ms. Ferullo commented, "We believe engaging
Clearwater will help favorably
position us for growth and operational efficiency, with its
next-generation technology focused on supporting our stable value
fund management needs."
"Clearwater Analytics is pleased to count
Franklin Templeton as a new client
for our Clearwater for Stable
Value solution. Stable value funds have unique data management,
accounting, reporting, and operational needs that don't fit within
the same box as other investment types," said Scott Erickson, Chief Revenue Officer at
Clearwater Analytics. "For this reason, Clearwater has built a single, integrated
technology solution with the needs of stable value fund managers,
wrap issuers, and other market participants in mind. Clearwater's automated feeds bring data
together so front and back-office teams have what they need for
reporting and analysis. Our solution is backed by a dedicated
partnership focused on enabling our clients' growth and
success."
To learn more about Clearwater Analytics, speak
to an expert today.
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 $7.3
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