"Prior to Clearwater, it took a great deal of internal resources to put together our monthly reports. We struggled with compiling data from various external managers. With Clearwater's reporting system, we now have an independent third party that reports our investment results. Clearwater's system adds control to our investments. On a daily basis, we now know if a manager is in compliance with our investment guidelines and that our accounting records are being reconciled to our custodian's records. The numerous man hours saved each month enables us to concentrate our efforts on other important treasury issues."