Firms are looking to reduce their risk and transaction costs and ensure technology projects deliver a rapid return on investment (ROI). In response, TLM Reconciliations-Premium offers pre-configured best practice reconciliation models developed by SmartStream through the successful delivery of projects for leading banks, assets managers, hedge funds and custodians.
TLM Reconciliations-Premium delivers scalable transaction processing through its industry-leading matching engine, with the flexibility to quickly optimise the solution to meet each individual client’s specific transaction processing needs. This increases automated match rates, keeping manual intervention to a minimum while offering an accelerated implementation that ensures a faster ROI.
To further remove risk from operations, TLM Reconciliations-Premium also provides integrated and pre-configured exception management, offering proven functionality around escalation, alerting and exceptions processing. It creates a clear separation between the root cause of an exception, its resolution and the various transactions it affects. As a result, this increases transaction visibility, enabling a single exception resolution to fix multiple breaks to significantly reduce the overall processing cost.
“TLM Reconciliations-Premium builds on our success with leading firms globally, which we have enabled to drive down their transaction costs and reduce TCO,” says Neil Vernon, senior product manager at SmartStream Technologies. “TLM, the best in class reconciliation solution, is being extended further to meet our clients’ evolving business, market, regulatory and customer service needs in a utility ready model with advanced matching and exception management capabilities. As traded instruments become ever more complex, TLM Reconciliations-Premium delivers the flexibility required to react to clients processing requirements.”
Philippe Chambadal, CEO of SmartStream Technologies, adds: “This announcement highlights once again how SmartStream is continuing to invest in its solutions and delivers further enhancements to the market. At a time when market conditions remain challenging, TLM Reconciliations-Premium can drive down the cost of processing transactions across multiple instrument and reconciliation types to deliver a significant return on investment.”