Saving time throughout the investment accounting process

Greater Houston Community Foundation

Greater Houston Community Foundation has a portfolio of more than $770 million in AUM. With Clearwater, the foundation has gained access to daily automated investment data aggregation, validation, and reporting. Processes that once took the foundation longer than two weeks can now be accomplished in a day with the Clearwater solution.

• Headquarters Houston, Texas
• Assets Under Management $770M
• Website https//ghcf.org/

With Clearwater, Greater Houston Community Foundation has found significant time savings throughout their investment accounting processes, time which they now spend better serving their constituents.

• $770 million in AUM
• 1 day to complete processes that formerly took 16 days
• $174 million in grants to over 5,000 nonprofits

Challenges

• Needed a solution with a complete view of their portfolio and comprehensive asset class coverage
• Receiving data from dozens of custodians
• Simplifying the month-end close process

Results

• Automated daily reconciliation and validated data
• Flexible, configurable reporting
• Operational efficiency and time savings at month-end
• Ability to aggregate dozens of custodial accounts into one location

“As soon as we made the decision to go all in on the Clearwater system, month one was an enormous pay back. It was a significant time savings right off the bat. Clearwater helped take a 16-day process down to one day. It changes the way your whole department can operate.”

Hunter Edmondson, Accounting Manager, Greater Houston Community Foundation