SmartStream Technologies, the Transaction Lifecycle Management specilaist, today announced that a new London-based Hedge Fund has selected TLM® Reconciliations.
The Hedge Fund will use the SmartStream solution to automate the reconciliation of internal trades with its prime brokers to increase visibility and control to its back office processes. After a thorough review of the market, TLM Reconciliations was selected by the organisation due to its proven technology, market-leading match rates and the short implementation period that would enable the client to adhere to their aggressive project timeline.
The company is the latest in a number of Hedge Funds and Investment Managers choosing to implement TLM to deliver more proactive reconciliation and exception management throughout the transaction lifecycle.
Richard Cummings, UK Regional Director, SmartStream, stated: “This contract builds on our success with other Hedge Funds and further cements our reputation as a provider of best-of-breed solutions in this market. TLM offers asset managers and hedge funds the flexibility they require to reconcile multiple instrument types in a scalable solution that will help to efficiently manage volume increases.”