Firms are looking to reduce their risk and transaction costs, and ensure technology projects deliver a  better return on investment (ROI). In response, TLM Reconciliations-Premium offers pre-configured best practice reconciliation models developed by SmartStream through the delivery of projects at banks, assets managers, hedge funds and custodians, said SmartStream.

The company claims that TLM Reconciliations-Premium delivers scalable transaction processing through its matching engine, with the flexibility to 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 and 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.

Philippe Chambadal, CEO of SmartStream Technologies, said: “This announcement highlights once again how SmartStream is continuing to invest in its solutions and deliver 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.”

Have your say and discuss with your peers on the InfoGrok community

Participate by posting your comments now.