Capita Financial Group Limited (CFG) has purchased SmartStream Technologies’ TLM Reconciliations and TLM Control to automate trade processing across its global operations.
CFG is an asset service provider to major asset management and hedge fund institutions around the world and provides a full range of outsourced trade processing, operations and back office services. TLM Reconciliations is being implemented to build a common reconciliations platform to replace CFGs manual processes and deliver more efficient exception management. TLM Control will replace CFGs manual trade capture to boost processing efficiency for its range of clients and increase straight-through processing (STP) rates.
“TLM is enabling CFG to create a global platform capable of processing all transactions irrespective of instrument type or complexity. The implementation is part of our ongoing business transformation and supports our commitment to delivering the most innovative and flexible services to our clients,” says Karl Midl, programme director, Capita Financial Group Limited.
“We are delighted that CFG has chosen to invest in TLM as a long-term, scalable solution for processing its global transactions. TLM provides a world-class solution enabling CFG to support its operations around the world and provide the highest level of service to its clients,” adds Richard Cummings, UK regional director, SmartStream.