Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has announced the expansion of its partnership with Compre Group Holdings (Compre), an international legacy group based in Bermuda.
Compre, which has experienced significant growth over the past three years, aims to achieve greater investment returns and effectively manage its alternative assets through increased transparency.
To achieve these goals, Compre has chosen to leverage Clearwater LPx, a solution that offers transparency, exposure, and timely analytics.
With its assets under management (AUM) tripling in the last three years, Compre recognises the importance of managing its alternative assets efficiently.
By utilising Clearwater’s single instance, multi-tenant architecture, Compre will enhance its connections with alternative asset managers, resulting in more streamlined operations.
“Over the last three years as we grew our investment portfolio, we leveraged Clearwater to streamline our investment accounting, reporting and analytics work,” said Harsh Mittal, Deputy Group CFO at Compre.
“Now, we’re extending Clearwater’s capabilities to include additional details of our alternative asset portfolio, thereby allowing us to monitor and manage all our investments in a holistic, comprehensive manner.”
Compre’s business model involves the acquisition of portfolios and companies that necessitate effective management of the total investment portfolio. Clearwater has played a pivotal role in facilitating Compre’s growth by consolidating all asset classes within a single platform.
This consolidation provides a unified view, ensuring investment accounting and reporting processes operate smoothly and without delays.
“We’re excited that Compre is building on Clearwater’s powerful foundation,” said Scott Erickson, Chief Revenue Officer at Clearwater Analytics.
“Our clients, like Compre, are driving asset growth and streamlined investment operations because of Clearwater’s investment solutions. Clearwater LPx enables organizations to automate a manual and cumbersome data aggregation process. This automation provides institutional investors unparalleled visibility and transparency into their limited partnership investments.”
