McCormick & Company Selects Clearwater Analytics to Optimize Short-Term Capital Strategy

BOISE, Idaho & CHICAGO & NEW YORK & LONDON, July 22, 2025 – Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that McCormick & Company (NYSE: MKC) a global leader in flavor, has adopted Clearwater’s commercial paper (CP) workflow solution to streamline short-term capital raising and improve oversight of its program.

The move comes as higher interest rates and increased issuance volumes push corporations to rethink how they access and manage short-term funding. As of May 2025, U.S. commercial paper outstanding averaged over $1.4 trillion, a 13% year-over-year increase, according to Federal Reserve data, making visibility, pricing, and efficiency more critical than ever.

“Amid a volatile interest rate environment, gaining a clear, real-time view of our commercial paper program is essential to managing costs and executing quickly,” said Tony Masteran, Senior Treasury Manager at McCormick & Company. “Clearwater enables us to make better pricing decisions, track dealer performance, and reduce internal complexity—all without a heavy implementation.”

“McCormick’s implementation represents a strategic shift we’re seeing across corporate treasury— the movement from fragmented, transaction-based approaches to integrated, technology-enabled capital optimization,” said Scott Erickson, CRO at Clearwater Analytics. “Our platform gives treasurers the technology to identify opportunities, act fast, and manage risk across their entire liquidity portfolio. We couldn’t be prouder to partner with McCormick as they lead the way in modernizing their treasury operations.”

McCormick & Company is not alone. As the Federal Reserve’s hiking cycle has peaked and short-term rates are expected to decline further, many corporations are strategically increasing their short-term debt issuances while limiting longer-term commitments. This trend is driving demand for sophisticated CP management tools. Clearwater’s CP solution provides:

• Benchmarking tools to assess issuance rates against peer programs 

• Real-time monitoring of maturities, allocations, and execution 

• Integrated reconciliation of dealer quotes, trades, and settlement data 

For more information, speak to Clearwater’s corporate treasury solutions team today.