SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that one of Australia’s leading investment managers has selected TLM® Corporate Actions to deliver greater automation and control to its rapidly expanding business.
The institution had experienced scalability issues due to a reliance on manual processing. This led it to examine ways of efficiently automating corporate actions processes to control operational risk and cost in its high growth environment.
TLM Corporate Actions was selected for its lifecycle approach to automating the complete event management process; from cleansing and scrubbing data, creating the golden record and managing the election management process through to voluntary response tracking by investment managers.
Commenting on the deal, Stefan Wawrzyniak, Regional Director for SmartStream in Asia Pacific, said: “We’re delighted that one of Australia’s leading financial institutions has selected SmartStream to create an automated and scalable approach to corporate actions processing. This project is the latest to demonstrate our ability in providing flexible corporate actions solutions to leading firms that are seeking to drive greater control and efficiencies across their middle and back office operations.”