Accounting

Pinnacol Assurance Selects Clearwater for Investment Accounting and Reporting

BOISE, Idaho–(BUSINESS WIRE)–Clearwater Analytics® announced nowadays that Pinnacol Assurance has selected Clearwater’s web-based funding accounting and reporting a strategy to provide secure portfolio data, investment book-of-document accounting, and visible real-time portfolio reporting.

Pinnacol affords people’ reimbursement coverage to extra than fifty-seven,000 employers, with coverage to almost 1,000,000 people across the state of Colorado.

Pinnacol selected Clearwater after a complete evaluation system. Pinnacol diagnosed Clearwater’s modern generation combined with quality-in-elegance consumer servicing, become a vast improvement over Pinnacol’s preceding model, a completely outsourced investment accounting and reporting provider. In contrast, Clearwater’s SaaS answer presents efficiency thru automation and is supported by way of devoted teams of operations and accounting professionals for improved everyday strategies and daily transparency.

“We are impressed through Clearwater’s client-centered commercial enterprise version and era. Working carefully with a dedicated servicing organization who can provide an industry-huge angle on operational improvements and provide an era solution to make our tactics extra efficient, maybe a large leap forward for us,” stated Alicia Allen, Associate Vice President of Finance at Pinnacol Assurance.

“We are excited to companion with Pinnacol Assurance and broaden a protracted-lasting relationship with its accounting team. We are pleased they chose Clearwater’s advanced version for funding accounting and reporting,” stated Scott Erickson, Chief Operating Officer at Clearwater.

About Clearwater Analytics

Clearwater Analytics® is a global SaaS solution for automated funding statistics aggregation, reconciliation, accounting, and reporting. Clearwater helps thousands of agencies make the most of their funding portfolio information with a global-elegance product and purchaser-centric servicing. Clearwater gives a complete supplement of center- and lower back-workplace solutions like exchange affirm/affirm, patron billing, composite management, consumer statements, and more.

Each day, the Clearwater solution reports on extra than $3 trillion in property for clients that include Arch Capital, Cisco, CopperPoint Mutual Company, C.V. Starr & Co., Facebook, J.P. Morgan, Knights of Columbus Insurance, Mutual of Omaha, Oracle, Starbucks, Unum Group, WellCare Health Plans, Wilton Re., and plenty of others.

Since its founding in 2004, Clearwater has supplied a cloud-native solution that allows buyers to make the most of their information. Investment specialists in more than 25 nations agree with Clearwater to supply well timed, established funding facts and in-intensity reporting.

F.A. Is a specialized a vicinity of accounting exercise that describes engagements which result from actual or predicted disputes or litigation. The phrase “forensic” approach “suitable for use in a courtroom.” The forensic accountants have to hold in mind this assertion while they have to work or chalk out their program. The F.A. Paintings is tailor-made according to the situation and want. The amassing of facts and evidence is finished consistent with the need and scenario. We can say, it’s far customized in step with the script. The forensic-accountants deliver professional proof at the final trial. All the current medium-sized, in addition to the big-sized accounting companies, have specialized forensic accounting departments. Within these firms, there can be specialized in judicial accounting departments. Within these agencies, there may be similarly sub-specializations. Various sub-specializations include insurance claims, personal damage claims, fraud detection, production, or royalty audits. Nearly 40 percent of the top 100 US accounting companies are increasing their forensic and fraud offerings, in line with Accounting Today. Now if we take into account this fact as extensive, then we can say that the total contribution of forensic accounting to the total sales of the C.A. Firms might be extraordinarily vast in the years to come. Under growing times of frauds and litigation and flourishing agencies, those services are taken into consideration to be very significant as they’re rendered at a competitive fee.

 

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