Client SuccessIntuitive Surgical
Taking Back the Workday and Spending More Time Making Strategic Investment Decisions
With Clearwater’s automated reconciliation, the Intuitive Surgical team has control over their investment accounting data without the need for manual processes. Intuitive Surgical can view snapshots of their portfolio or detailed reports for a high-level or in-depth view of their holdings. This has enabled simplified accounting entry uploads into their ERP and automated SEC disclosure reporting.
Market / Corporations
Intuitive Surgical is a healthcare equipment and services company with a portfolio of more than one billion dollars in assets under management (AUM). Their portfolio includes equities, corporate bonds, municipal bonds, agency discount bonds, and more.
Headquarters: Sunnyvale, California
Assets Under Management: $1B
Website: https://www.intuitive.com/en-us
$1
billion in AUM
T+1
books close
0%
manual processes for reporting for SEC disclosures
Challenges
- Time-consuming manual activities
- Significant workload increase at month-end
- Legacy system strained the resources of the investment accounting and treasury teams
Results
- Automated reconciliation that eliminates manual processes
- Customized reports for faster period-end reporting (books closed on T+1)
- Timely, accurate reporting for both high-level and in-depth portfolio views
“We get so much value out of Clearwater. We have a lot of activity at month-end, so Clearwater’s expertise has alleviated the majority of the burden and enabled us to automate many of our processes. Clearwater has been extremely helpful with speeding up everything for us.”
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