Client SuccessGreater Houston Community Foundation
Saving Time Throughout the Investment Accounting Process
With Clearwater, Greater Houston Community Foundation has found significant time savings throughout their investment accounting processes, time which they now spend better serving their constituents.
Market / Public Sector
Greater Houston Community Foundation has a portfolio of more than $770 million in AUM. With Clearwater, the foundation has gained access to daily automated investment data aggregation, validation, and reporting. Processes that once took the foundation longer than two weeks can now be accomplished in a day with the Clearwater solution.
Headquarters: Houston, Texas
Assets Under Management: $770M
Website: https://ghcf.org/
$770
million in AUM
1
day to complete processes that formerly took 16 days
$174
million in grants to over 5,000 nonprofits
Challenges
- Needed a solution with a complete view of their portfolio and comprehensive asset class coverage
- Receiving data from dozens of custodians
- Simplifying the month-end close process
Results
- Automated daily reconciliation and validated data
- Flexible, configurable reporting
- Operational efficiency and time savings at month-end
- Ability to aggregate dozens of custodial accounts into one location
“As soon as we made the decision to go all in on the Clearwater system, month one was an enormous pay back. It was a significant time savings right off the bat. Clearwater helped take a 16-day process down to one day. It changes the way your whole department can operate.”
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