LONDON, June 20 / - SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced a leading, European headquartered, Investment Bank has purchased TLM® Reconciliations for its global operations.
The firm, one of the world's top 25 financial institutions with operations across 73 countries, is implementing TLM Reconciliations as part of a project to rationalise existing systems and build a common reconciliations platform capable of servicing multiple asset classes across multiple lines of business. The implementation is part of the firm's ongoing business transformation and supports their commitment to drive out cost and risk, ensuring they deliver the most competitive and versatile services to their clients.
The centralised TLM powered utility will automate disparate processes to deliver greater operational visibility and enhanced control. TLM WebConnect, SmartStream's functionally rich web portal, will be used to provide a rapid and cost-effective deployment of TLM Reconciliations and provide users with a consistent user interface.
Richard Cummings, UK Regional Director, SmartStream concluded, "TLM has
rapidly become the reconciliations solution of choice for many of the
world's leading financial institutions. As these firms now seek to gain
further benefit from their reconciliations operations by creating
utilities serving multiple divisions across all asset classes they are
benefiting from TLM Reconciliations scalability and its high degree of
About SmartStream Technologies
SmartStream Technologies provides enterprise-wide, real-time Transaction
Lifecycle Management (TLM®) solutions that deliver sustainable ROI through
non-disruptive business transformation.
Derived from SmartStream's STP Control Architecture, TLM solutions
leverage and enhance existing infrastructure investments to automate
scalable process flows, within and beyond the enterprise, to track and
control financial transactions.
Over 1,000 clients, including more than 70 of the world's top 100 banks,
rely on TLM solutions to eliminate the barriers to STP thereby reducing
operational risk and cost whilst addressing regulation and improving
SmartStream's STP Control Architecture delivers TLM solutions for:
o Cash Management
o Corporate Actions
o Enterprise Exception Management
o Trade Finance
o Trade Process Management
SmartStream's global Professional Services and Support operations
deliver successful implementations and ensure clients benefit from their
investment in TLM solutions.
The company is headquartered in the UK with direct operations in London,
Bristol, Paris, Vienna, Zurich, Frankfurt, Luxembourg, Madrid, Milan, New
York, Singapore, Beijing, Sydney and Mumbai.
Source: SmartStream Technologies
For further information please contact: Belinda Morris/Terence Gibbons, College Hill, (0)207-457-2032, firstname.lastname@example.org, (0)207-457-2059, email@example.com; Alastair McGill, Marketing Director, SmartStream Technologies, (0)20-7847-8000/8021, (0)779-509-6153, email: firstname.lastname@example.org