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Knights of Columbus

The Knights of Columbus is a Catholic fraternal service with more than two million global members. They have an investment portfolio of $28 billion in assets under management (AUM).

• Headquarters New Haven, Connecticut
• Assets Under Management $28B
• Website https//www.kofc.org/en//index.html

With Clearwater’s web-based platform, the Knights of Columbus gain in-depth visibility into their risk, compliance, and performance. Clearwater also enables the Knights of Columbus to seamlessly incorporate new initiatives with no burden on internal IT teams or end-users.

• $28 billion in AUM
• 2 million members
• $121 billion of life insurance policies in force

Challenges

• Investment accounting and reporting system bogged down by time-consuming workarounds
• Costly upgrades and delays on their legacy system were holding them back
• Complex investment strategy required a more streamlined system

Results

• Streamlined implementation that doesn’t slow down the team
• Flexible web-based system with proactive enhancements and upgrades
• Automated daily reconciliation that delivers timely, accurate, and up-to-date investment data

“Clearwater stayed in control and on track throughout the project, even though it was very complex. They did a good job of keeping everyone up-to-date. We really value the amount of time and effort Clearwater puts into staying ahead of the curve, rather than sitting back and waiting.”

Tom Brockett, Chief Accountant, Knights of Columbus