$30 million revenue increase assisted by modern technology

Arlington County Treasurer’s Office

The Arlington County Treasurer’s Office serves a world-class urban community of residential and commercial neighborhoods that support a diverse population of 237,300 people.

• Headquarters Arlington, Virginia
• Assets Under Management $750M
• Website https//www.arlingtonva.us/Home

Partnering with Clearwater Analytics has allowed the Treasurer’s Office to automate data aggregation, reconciliation, validation, and reporting. Clearwater enables investment teams to have transparency, accuracy, and the confidence to easily conduct trades and manage portfolios.

• $750 million in AUM
• $23 million in money market funds
• $34 million in municipal bonds

Challenges

• Manual entry and error-prone processes
• Limited budget and lean accounting team
• Lack of visibility to track portfolio and items over time

Results

• Greater insights into their investment portfolio data
• Daily reporting on risk exposure, transaction yields and maturity schedules
• Significant time reduction in month-end close process
• Peace of mind in having accurate and up-to-date data

“The government sector is not seen as a huge innovator. But with Clearwater, the Arlington County Treasurer’s Office is at the forefront. After six months of using Clearwater, I don’t know what we would do without this system.”

Andrew Cooke, Deputy Treasurer, Arlington County, Virginia