SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a large US asset manager has selected TLM Reconciliations as its enterprise-wide reconciliations platform. With more than $100 billion in assets under management, the institution is a leading investment advisory firm, managing equity and fixed income assets for institutional and private clients worldwide.

The firm will deploy TLM Reconciliations to help manage its increasingly diverse portfolio, by increasing control and visibility in the transaction lifecycle through more efficient reconciliation and exception management processes.

Lou Longhi, Regional Director, Americas, SmartStream Technologies, said: "As both the institutional and Separately Managed Account (SMA) businesses continue to grow strongly, many investment managers are looking to build their operational controls for these products and offer improved customer service. TLM Reconciliations was selected by this leading asset manager to help deliver greater control due to its flexible, generic matching capabilities and rich workflow. We are pleased that it has recognised these capabilities to meet its operational needs and named SmartStream as the strategic supplier for reconciliations.”