Clearwater says Main Street America’s accounting team now has the ability to close on the first business day after month-end, in order to start the period-end process, with the ability to add National Association of Insurance Commissioners designations or update pricing post-close without affecting other accounting values.
Clearwater adds that it provides Main Street America with daily, web-based statutory, GAAP and tax multi-currency investment accounting reports and disclosures to streamline the period-end close processes and reconciliation of journal entries, create an audit trail of daily-reconciled and independently verified investment data, and facilitate the creation of accurate and timely financial disclosure statements.
