SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that Intracom IT Services has become a SmartStream distribution partner for the company’s TLM Reconciliations and TLM Cash Management solutions in Greece and Cyprus.

Intracom IT Services is the leading IT solutions and services provider in Greece with significant system integration experience across Southern Europe and the Middle East. Intracom’s expertise across multiple sectors and its broad portfolio of services will help to complement and expand SmartStream’s presence in the Greek and Cypriot markets.

Commenting on the new partnership, Andreas Diamanteas, Deputy General Manager of Financial & Enterprise Solution Division at Intracom IT Services, said: “SmartStream’s solutions complement Intracom IT Services’ existing products and services portfolio, providing internationally proven and state of the art integrated reconciliations and cash management solutions to our customers. These established solutions deliver rich functionality, can be easily interfaced with other systems and flexibly configured to our customers’ specific needs. With this strategic partnership, we are ready to assist institutions in Greece and Cyprus to optimise their reconciliation and cash management processes.”

Christian Schiebl, Executive Vice President at SmartStream, commented: “SmartStream knows the importance of working with partners who understand the needs of local firms and have a strong track record in delivering successful automation projects. The partnership with Intracom IT Services will support SmartStream to further penetrate the Greek and Cypriot markets. Together we will work with local institutions to deliver more efficient reconciliations and cash management processes that will lower their operational risk and cost.”