Cody Lott
Cody Lott has worked for the past two years as a treasury solutions expert for Clearwater. Prior to his time at Clearwater, Cody worked for Micron Technology as a senior treasury analyst. During Cody’s time at Micron, the portfolio grew to $8 billion and then back down to $3 billion due to acquisitions. Cody managed a group of nine external asset managers at the height of the portfolio. He also assisted in the implementation of Kyriba (treasury management system), while at Micron. Cody has an MBA from Boise State University as well as degrees in accounting and finance.
Cody spends the majority of his free time in the Idaho outdoors with his wife, family, and friends. In addition to riding snowmobiles for pleasure, Cody also started an organization dedicated to keeping lands public called Sum+It Riders, and he serves on the board of the Idaho State Snowmobile Association. A personal goal of his is to ensure future generations have the opportunity to enjoy the backcountry.
Manual processes are holding you back. A lack of automation hampers efficiency and productivity and prevents you from maximizing growth and profitability. Automation has become a crucial aspect of modern business operations, and by not making the leap to more automated processes, you could fall behind. Still not convinced? Here’s what you could avoid with automation:
“Fat Finger” Errors
Even a tiny “fat finger” error can have major consequences. A small typo or incorrectly entered data can lead to inaccurate financial reports, faulty transactions, and miscalculations. These errors can lead to larger issues like financial losses, regulatory compliance issues, a lack of trust from clients, and more. Rectifying these errors is no small task either and can be time-consuming and costly.
Attrition
Employee attrition is another issue that can arise when we continue with only manual processes. The repetitive nature of tasks such as manual data entry and analysis can lead to employee dissatisfaction and disengagement. These tasks can also be time-consuming and prone to errors. The resulting attrition can disrupt operations, increasing training costs, and decreasing productivity.
Inaccurate Data
Finally, one of the largest and most annoying issues that can arise in the world of investments is inaccurate data. Relying on inaccurate data for decision-making can lead to flawed strategies, misguided investments, and missed opportunities. Inaccuracies can misrepresent financial performance, hindering accurate forecasting and budgeting. This may result in financial losses, missed revenue targets, and compromised profitability. Furthermore, inaccurate data can erode customer trust, as it may lead to incorrect billing, ineffective marketing campaigns, and subpar customer service experiences. Regulatory compliance can also be compromised, leading to potential legal repercussions.
Clearwater Analytics is a leading force in harnessing the power of automation to transform investment data management and reporting processes. Our platform empowers businesses to eliminate the risk of “fat finger” errors, overcome challenges posed by attrition, and achieve unparalleled data accuracy. With Clearwater Analytics, organizations can make confident, data-driven decisions, optimize operational efficiency, and allocate resources to strategic initiatives. Embracing Clearwater Analytics allows businesses to thrive in today’s data-driven world, where automation is a key driver of competitiveness and success.
Download Clearwater Analytics Redefines Efficiency and Automation or speak with an expert to learn more.