The Florida Department of State strives to improve the quality of life for all Floridians.
- Headquarters Tallahassee, Florida
- Assets Under Management $61B
- Website https//www.myflorida.com/
As the State of Florida expanded its investment portfolio, it faced growing challenges in investment accounting and reporting. Juggling internal and external portfolios across multiple systems, the use of spreadsheets for these processes quickly became unsustainable. The need arose for a more sophisticated solution that could provide insights into each of the state’s internally and externally managed portfolios — all from a single platform. Clearwater was the only option that could streamline investment processes while also integrating with the other tools the State of Florida needed to develop a sustainable portfolio focused on long-term growth.
Security Mutual chose Clearwater to enhance performance attribution, risk analysis, and decision-making capabilities to drive improved returns and reduced risk.
Clearwater’s automated daily reconciliation reduces Sagicor’s manual processes, eliminating 10 days from their month-end close.
RiverStone International is using Clearwater to automate and streamline its data consolidation, investment accounting, trade reconciliation, and reporting processes.