Lombard International Assurance, a provider of specialist wealth management services for high net-worth investors, has selected SmartStream TLM Reconciliations & Investigations.
Lombard, which has experienced significant growth over recent months, selected SmartStream after a competitive tender process that included a full evaluation of five solution providers. Lombard selected SmartStream as the only vendor capable of meeting their immediate and long term strategic needs.
Paul Casey, Manager Fund Accounting, Lombard, explains, “Automating our reconciliations process is the first step in implementing a complete STP architecture within the organisation. The Wealth Management market has seen considerable growth in the last 18 months and in order to continue to deliver a high level of customer service to our clients we have been investing in our core business processes. Moving from a manual to an automated reconciliations process is the first part of this long term plan.”
Commenting on the purchase, Jim Hannibal, Regional Sales Manager, SmartStream’s Luxembourg office states, “We are delighted that Lombard have selected SmartStream TLM Reconciliations. I believe Lombard shares SmartStream’s belief that only by implementing an STP Control Architecture it is possible to manage the commercial issues of risk, cost and fractured processes.”
Concluding, Casey adds, “SmartStream Technologies and the TLM product suite are a core part of our plans to constantly improve our business processes as we continue to grow and deliver ever higher levels of service to our customers.”