Erste Asset Management, part of Erste Group Bank, has become the latest European client to join Clearwater Analytics’ buy-side community.
Winfried Buchbauer
Erste AM has chosen Clearwater’s cloud-native client reporting platform, PRISM, to provide customised digital client experiences.
The development will see Clearwater aggregate multi-asset client investment data, help increase asset flows and improve client service.
Clients will also be able to configure insights and analytics, alongside the ability to access data in a self-service manner, allowing for quick reporting changes when necessary.
“We are dedicated to surpassing customer expectations and providing exceptional client reporting across all channels,” said Winfried Buchbauer, chief operating officer and board member of Erste Asset Management.
“Clearwater stood out from other solutions due to its flexible and cloud-native client reporting solution. Clearwater PRISM will allow us to easily tailor reports to our clients’ needs. With a comprehensive view of data, insights, and relevant analytics, our team is empowered to help differentiate our offerings in the market.”
Erste AM is a Central and Eastern European asset manager with €81.4 billion in assets under management for a range of clients, including pension plans.
Meanwhile, Clearwater PRISM is a data management and client reporting platform for firms that want a comprehensive view of their portfolios across multiple platforms and all asset types, according to the firm.
“We understand the importance of this project to Erste Asset Management and are appreciative of the trust they have placed in us to deliver for their employees, stakeholders and clients,” said Keith Viverito, general manager of EMEA and APAC at Clearwater Analytics.
“By bridging a critical industry gap, PRISM empowers firms like Erste Asset Management to centralise reporting across multiple systems, simplifying and modernising the operating model and unlocking opportunities for differentiation and significantly enhanced client reporting experiences.”
In April 2021, global investor Aegon Asset Management overhauled its data, reporting and investment accounting operations with a cloud native platform from Clearwater Analytics.
Read more: Aegon Asset Management streamlines data and reporting operations with Clearwater Analytics