• Blog
  • 2 Min Read
  • June 22, 2022

Four Key Benefits of Clearwater’s LPx Solution for Private Funds

Written by:
Jonathan Flitt

Aggregating and reconciling data from private funds is often a tedious, manual task of compiling and entering investment data from general partner statements. Not only is this work time-consuming and inefficient, but it also leaves room for errors and slows down the close process.

Typical Limited Partnership Workflow Manual Process Diagram That’s why Clearwater developed Clearwater LPx, a full-service solution for private funds. Clearwater LPx provides automated data aggregation, validation, reconciliation, and reporting for private funds (LPs). Clearwater LPx solves many of the operational challenges associated with data aggregation, reconciliation, commitment tracking, document storage, accounting, and reporting.

The Clearwater LPx solution allows stakeholders to further prove how investment allocations are performing as expected and enables teams to support your organization’s strategic initiatives while making sure accounting is delivered on time and accurately.

What does that mean for you? It means your team can offload the document retrieval, storage, normalization, aggregation, and reconciliation of the transactional and statement data provided by the general partner and focus on your organization’s core competencies.

Clearwater LPx: An Automated Solution Clearwater-LPx-An-Automated-Solution

Key Benefits of Clearwater LPx

1. Reduce Manual Effort

Save hours on manual processes and free your employees to do what they do best. Because everything from document retrieval to reconciliation and reporting is automated, employees no longer need to retrieve statements from web sites or email, enter the data in spreadsheets, or reconcile NAV and commitment values.

2. Deliver Data Faster

Our internal processing checks investment sites daily for new documents. Once a new document has been identified, it retrieves and stores the document, extracts the data, and uploads the data to our site, where it is aggregated, normalized, reconciled, and delivered to the reporting site.

3. Utilize Multi‑Asset Reporting

LP data directly ties to Clearwater’s consolidated book of record accounting, giving your team visibility into the entire portfolio. This allows for vastly improved transparency, access to data, and updated calculations for portfolio performance, investment policy compliance, book of record, or shadow record accounting. The data set in Clearwater can be viewed at the entire portfolio level or in any way you want to slice and dice the portfolio to analyze data.

4. Facilitate Your Close

With Clearwater’s flexible, knowledge-date-based reconciliation tools, you can see the data that supports your lockdown even after the general partner provides late information. New balances and activities are automatically included in calculations and reconciliations while maintaining historical records. NAV and commitment balances are dynamically calculated when transactions are received mid quarter, ensuring that balances are as up to date as possible.

To learn more about Clearwater LPx and what it can do for your organization, schedule a personalized meeting with a Clearwater solutions consultant today.

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