One of the worlds largest asset managers has selected TLM Reconciliations to create a global reconciliation service.
The firm wanted to replace manual and semi-automated processes across its cash, securities and OTC derivatives reconciliations. TLM Reconciliations was selected to deliver a service across its global operations, enabling the firm to introduce more proactive back office processes.
TLM Reconciliations was chosen for its matching ability, allowing the firm to process every instrument type, from vanilla cash and stock transactions to more complex instruments such as OTC derivatives. TLMs volume-insensitive design provides the firm with the scalability to process more and new types of instruments as the organisation grows.
TLMs thin client user interface, TLM WebConnect, removes the need to perform local upgrades in each location, enabling the firm to add new users through a browser.
“Its clear that with higher trading volumes and ever more complex instruments, greater back office automation is critical to improving operational efficiency in todays markets. We are delighted that this leading Asset Manager has selected TLM Reconciliations as the basis for a single reconciliations solution globally and recognised its ability to support its processing needs.
“This deal is testament to SmartStreams global delivery capabilities, engaging with the client in each of its key markets to demonstrate TLMs ability to meet their complex processing requirements. It highlights, once again, that TLM offers a proactive approach to effectively managing the transaction lifecycle, which enables firms to reduce both operational risk and cost,” says Richard Cummings, UK regional director, SmartStream.