France Active has chosen Clearwater Analytics, a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to streamline its investment accounting operations and consolidate its accounting book of record.
France Active, a non-profit organization dedicated to facilitating access to business creation through bank credit, opted for Clearwater’s SaaS platform to ensure compliance with local accounting standards and achieve greater alignment with market practices and regulatory requirements.
The adoption of Clearwater’s platform will enable France Active to benefit from timely book-of-record accounting, streamlined period-end operational tasks, and increased productivity through task automation for reconciliation and reporting.
Key factors influencing France Active’s decision to partner with Clearwater include Clearwater’s expertise in French GAAP, particularly in areas such as premium/discount amortization and impairments management, a smooth onboarding process, and a unified source of truth for accounting, risk, compliance, and regulatory reporting.
Benoît Coujandassamy, Treasurer at France Active, commented, “Clearwater Analytics’ unique blend of expertise and its innovative SaaS-based platform are helping us navigate evolving investment accounting standards and adhere to French GAAP requirements, simplifying what was previously a complex, manual process. The robust investment accounting platform has transformed our daily reconciliation, data validation, and compliance review tasks. It provides an additional strategic lever to support our financing initiatives for committed entrepreneurs.”
Keith Viverito, Managing Director of EMEA and APAC at Clearwater Analytics, added, “We are excited to collaborate with France Active to streamline their operational model, enhance efficiencies, and optimize workflows with advanced investment and accounting data and analytics capabilities. As our platform continues to make a significant impact in the investment management landscape, we remain committed to delivering top-tier localized accounting and investment analytics, empowering our clients to make informed investment decisions with confidence.”
Credits: ibsintelligence.com