SmartStream Technologies says its TLM Reconciliations solution is now live and in full production in all time zones Clients include HVB Group, WestLB, Brown Brothers Harriman, Newton Asset Management, Commerzbank, Norwich Union, State Street, and Bear Stearns Asset Management.
“TLM Reconciliations is the first and only truly generic reconciliation solution to reach the market place,” says Martin Brown, CEO, SmartStream Technologies. “It has allowed our customers around the world to eliminate the soloed solutions that have traditionally been deployed and implement an enterprise wide strategy for multi product reconciliation and exception management.”
TLM Reconciliations is delivered on the web through SmartStream’s WebConnect, which allows customers to securely access their information over the internet. Which for customers looking to deploy the application in multiple sites around the world represents major savings in both resources and cost. “As customer service continues to be a massive differentiator for financial institutions, those that can expose real time reconciliation information to their customers are finding themselves in a highly competitive position,” says a SmartStream spokesman. “For many companies implementing TLM Reconciliations it represents the first step in building their STP Control Architecture. SmartStream are leading the market in delivering an architecture that optimises STP flows through an integrated platform of STP products which automates, monitors and controls the complete trade lifecycle.”