Northern Trust has adopted a new online system from Clearwater Analytics, designed to assist corporate treasurers in monitoring their short-term cash portfolios for compliance with investment guidelines and regulatory requirements as well as performance.
The Clearwater system is accessed through Passport, Northern Trust's secure Web portal for corporate and institutional clients, who can use it to identify which investments may not be weathering the economic storm, says David Adam, vice president and product manager at Northen Trust. Clients can determine exposure to a particular company and/or asset type across the portfolio with one keystroke, he says
The system provides accurate, timely accounting reports with flexible fiscal calendars. Companies can upload data from these reports onto their general ledgers, adds Adam, a "feature that can be customized for clients' general ledger needs." Clearwater also alerts companies immediately whenever their investment policies are violated, he adds.