SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a US-based investment manager with one of the world’s largest alternative investment portfolios has selected TLM Reconciliations.
To better support rapidly expanding operations the firm wanted to replace a mixture of in-house systems and manual back office processes with an industry-proven software solution. TLM Reconciliations was selected due to its ability to deliver greater visibility and control to the firm’s cash, transaction and position reconciliations, while also offering the scalability to handle large volumes.
Lou Longhi, Managing Director - Americas, SmartStream Technologies, said: “Investment Managers and hedge funds are some of the most innovative institutions in the financial markets. However, many are now finding that their existing operational models, systems and manual processes no longer provide the levels of visibility and risk control that they require to support their investment strategies and deliver quality customer service. TLM can help these institutions by replacing limited technology and automating manual processes to help reduce operational risk and cost and increase control throughout the transaction lifecycle. We’re delighted that this firm is the latest investment manager to select TLM Reconciliations and look forward to working with them to support their operations.”