SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced the next generation of its market leading TLM Corporate Actions solution.
TLM Corporate Actions transforms corporate actions processing by effectively managing and presenting milestones, tasks and exceptions against events in real time through a diary-based view. This proactive, exception-driven approach ensures that appropriate actions are always presented and escalated as necessary to deliver superior levels of risk mitigation and control.
The solution significantly improves processing efficiency by delivering automation across the event lifecycle; from event cleansing, position reconciliation, communications, through to elections and entitlement posting. This enables firms to deliver outstanding customer service to both internal and external clients through the provision of more accurate, complete and timelier event information.
To help firms manage rising event volumes, TLM Corporate Actions is a highly scalable solution that consolidates information from various industry sources to deliver a single enterprise service covering multiple markets and instrument types. Its configurable workflow model provides a flexible solution that can be efficiently tailored to satisfy the specific processing requirements of any organisation.
TLM Corporate Actions new browser-based interface improves the user experience, presenting the widest range of corporate action information on a single screen. Its thin client delivery also ensures a rapid roll out across an organisation, to reduce the cost of ownership.
In our experience firms globally struggle with highly manual corporate actions processes that, in the current market conditions, create unnecessary risk and cost, and directly impacts customer service, says Cyrus Daruwala, managing director, Asia Pacific at Financial Insights. Its unnecessary because solutions such as SmartStreams TLM Corporate Actions can easily automate much of the corporate actions event lifecycle and efficiently manage event volumes as they continue to rise. The advantage of this approach is that it eliminates the possibility of single points of processing failure, thereby increasing an institutions operational risk control, whilst delivering complete and accurate event processing.
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