France Active taps Clearwater Analytics to power its Investment Accounting Operations

By Gloria Methri

France Active has selected Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to simplify its investment accounting operations and centralize its accounting book of record.

France Active is a non-profit organisation with the goal of facilitating access to enterprise setup through access to bank credit. The organisation chose Clearwater’s SaaS platform to stay compliant with local accounting standards and gain cohesive alignment with the market and regulators.

France Active will benefit from Clearwater’s timely book-of-record accounting, efficient period-end operational tasks, and increased productivity due to the automation of tasks associated with reconciliation and reporting.

The non-profit organization cited Clearwater’s expertise in French GAAP, such as premium/discount amortization and impairments management, a seamless onboarding process, and a single source of truth for accounting, risk, compliance, and regulatory reporting, as reasons for choosing Clearwater.

Benoît Coujandassamy, Treasurer at France Active, said, “Clearwater Analytics’ unique blend of expertise and its innovative SaaS-based platform helps us to comply with changing investment accounting standards and meet French GAAP standards, simplifying what was previously a complex, manual-driven process. The powerful investment accounting platform has given us a new perspective on how we accomplish daily reconciliation, data validation, and compliance review tasks. It’s an additional steering lever that will further facilitate our financing initiatives in favour of committed entrepreneurs.”

“We are thrilled to partner with France Active to help them simplify their operating model, improve operational efficiencies, and enrich their workflows with significantly enhanced investment and accounting data and analytics,” said Keith Viverito, Managing Director of EMEA and APAC at Clearwater Analytics. “As our platform continues to make a significant impact across the world of investment management, we’re laser-focused on delivering best-in-class localized accounting and investment analytics that provide our clients with a comprehensive view of their assets and give them the confidence they are making the most informed decisions about their investments.”