Case Study: Celgene achieves scalable, automated investment reporting and 30–50% faster reconciliations with Clearwater Analytics

How Celgene’s Asset Growth Never Stood in the Way of its Progress

Celgene, a global biopharmaceutical headquartered in Summit, NJ, manages a large and rapidly growing investment portfolio and found its custom, spreadsheet-based processes unable to scale. The manual, error-prone workflow provided poor visibility into holdings, performance and policy compliance and threatened to overwhelm its small treasury team as assets expanded.

Celgene selected Clearwater’s hosted (SaaS) reporting and analytics to deliver daily, tax-lot-level aggregation, reconciliation and reporting for accounting, compliance, performance and risk. The implementation created a single view of the portfolio, automated daily compliance monitoring and GL uploads, and cut journal-entry reconciliation time by 30–50% while halving SEC reporting effort—enabling faster ad-hoc analysis and scalable operations without adding IT or treasury headcount.

Celgene

Doug Bressette

Assistant Treasurer, Celgene Corporation