Fallon Health, a not-for-profit health care services organization, has selected Clearwater Analytics for integrated investment accounting, reporting and analytics. Clearwater Analytics offers web-based investment accounting applications for insurers.

Fallon selected Clearwater for its investment accounting experience and flexible reports that help eliminate manual processes. The organization determined that Clearwater’s adaptable software-as-a-service was the best choice to meet its needs.

Fallon gains an automated investment accounting system that eliminates manual processing; a web-based solution that simplifies the investment accounting process; automated reports for stakeholders; and integrated portfolio performance and risk analytics, and investment policy compliance monitoring.

Fallon wanted an application that could account for various security types, could accommodate its accounting processes, and was responsive and communicative, said the company. “With Clearwater Analytics’ powerful accounting and reporting solution, we can invest in various security types without worrying about whether the system can handle them,” said Kevin McGovern, VP of finance and treasurer at Fallon. “Right from the start we saw great advantages in using their system. Clearwater has greatly simplified our workflows, and we are very impressed by their knowledgeable and accessible client services team.”

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