Unum Group chooses Clearwater Analytics for investment accounting solutions

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The Unum Group has selected Clearwater Analytics for cloud-based investment accounting and reporting solution to provide validated portfolio data, investment book of record accounting, and transparent real-time portfolio reporting, the companies said in a statement.

Unum will utilize Clearwater’s integrated accounting, compliance, performance, and risk solution to sunset more than 20 home-grown and third-party systems across its investment operations.

Unum’s investment team will also leverage Clearwater to automate regulatory disclosures, general ledger integration, and other period-end close processes.

[Image courtesy: Unum Group]