Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, announced that Aviva went live April 1, 2023 on the Clearwater platform as the comprehensive solution for its investment accounting operations and regulatory reporting.
Aviva is a leading UK provider of insurance, wealth and retirement products with franchises in Ireland and Canada serving over 18 million customers in the UK, Ireland and Canada and manages group assets of more than £350 billion. The company has a diversified business model focused on developing long-term relationships with its customers and serving them across the full range of their insurance, wealth and retirement needs.
After conducting a thorough review of solution providers in the market, Aviva selected Clearwater for its fully automated investment data aggregation, reconciliation, and accounting platform, as well as for its flexible, modern user experience. The key benefit to Aviva is a modern technology platform providing an integrated, single source of truth for its entire investment portfolio.
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“Being previously reliant on multiple legacy investment reporting models, we required a consolidated and reliable investment accounting and reporting solution,” said Jonny Lee, Finance & Investment Operations Director at Aviva. “Clearwater’s single instance, multi-tenant architecture delivers a clear advantage for us in terms of speed, flexibility, and transparency. The consolidation of all our investment data in one view allows us to manage risk, measure performance, and meet our regulatory reporting responsibilities efficiently, accurately and timely.”
“We are excited Aviva has chosen to partner with us. We have provided them with the technology to help deliver their mission and business goals going forward,” said Subi Sethi, Chief Client Officer at Clearwater Analytics. “Through our unique SaaS model and multi-asset service platform, Aviva will be able to further optimize their business model, reduce costs, enable sustainable growth, and ensure compliance with increasingly complex regulatory reporting requirements. This aligns well with Aviva’s strategic priorities, and we look forward to growing our relationship with them.”
SOURCE: PRNewswire