ACERA | Clearwater transforms data validation and simplifies total plan reporting

The Alameda County Employees’ Retirement Association (ACERA)

The Alameda County Employees’ Retirement Association (ACERA) is the retirement pension plan for public employees in Alameda County, California who work for Alameda County and other agencies. ACERA was established in 1948 by the Alameda County Board of Supervisors to provide retirement, disability, and death benefits to Alameda County and member district employees.

• Headquarters Almeda County, California
• Website https//www.acera.org/

Alameda County Employees’ Retirement Association (ACERA) chose Clearwater Analytics’ SaaS-based investment management, accounting, and analytics solutions to provide data validation, shadow book of record accounting, and total plan reporting across its entire investment portfolio, including its alternative assets.

• $11.6 billion fund size
• 88% funded ration
• 26,342 active members

Challenges

• Need for a simplified and accurate process for Total Plan Reporting with automated, accurate, monthly and/or quarterly Investment Committee and Board Reports
• Convenient, accessible engagement with data with immediate responses to even complex queries
• Ability to automatically aggregate and validate data across multiple sources and formats and escalate data anomalies or failures

Results

• Improved accuracy and analysis to drive better operational and investment decision-making
• Reduced risk with real-time data validation and improved reporting
• Greater operational efficiency and resource optimization

“As our Total Fund continues to grow and evolve to ensure long-term benefits for plan members, Clearwater’s innovative solutions enhance data integrity, streamline processes, and bring greater visibility into our alternative investment portfolios,”

said ACERA Investment Operations Officer Serafin Lim.