SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced a new partnership in Latin America and the Caribbean with Alliance Enterprise.

Colombia-based Alliance Enterprise is an official SWIFT Regional partner for Latin America and will offer SmartStream’s SaaS solution, TLM OnDemand, to its clients in the region. The reconciliations service is a natural extension to the firm’s established SWIFT-based solutions and offers its clients additional strategies to control risk and cost in their business.

SmartStream’s TLM OnDemand service was designed to provide small to medium-sized firms with affordable and rapid access to the same technology that is already deployed at many of the world’s leading institutions. Alliance Enterprise has built a strong reputation for supporting Latin American financial services firms of all sizes, offering both service-based and on-premise solutions.

Luis Cortina, General Manager at Alliance Enterprise, said: “We’re delighted with this agreement to offer SmartStream’s solutions to the Latin American market. As a trusted provider to many firms it’s critical that we continue to offer our clients the very best technology available and it’s clear SmartStream’s solutions and services have an unrivalled ability to reduce risk and cost. We believe that TLM OnDemand and TLM Corona can deliver significant benefits to our existing customers and prospects. I am confident the partnership with SmartStream will benefit our clients and drive Alliance Enterprise’s continued growth across Latin America and the Caribbean.”

Alastair McGill, EVP, Business Development & Alliances at SmartStream Technologies, added: “This is an exciting partnership as TLM OnDemand offers our market-leading reconciliations solution through a cost-effective SaaS model. That makes it ideal for the Latin American market where firms can quickly replace manual and legacy systems with proven technology. With Alliance Enterprise we have gained a trusted and knowledgeable partner and that, combined with SmartStream’s market leading solutions, will deliver significant client benefits in terms of risk and cost reduction.”