SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that TLM Corporate Actions has attained accreditation in the 2009 B.I.S.S. Research Corporate Actions Systems benchmarking evaluation.
The benchmark tests organised by B.I.S.S. Research and set by an industry panel highlighted SmartStream’s innovative approach to event processing and its integration with the wider TLM solutions that set it apart from the competition. It also praised TLM Corporate Actions ability to automate much of the corporate actions process through proactive monitoring and predictive technology.
The independent panel noted that TLM Corporate Actions can significantly reduce operational risk in the corporate actions department and increase service levels to the end investor to enable regulatory compliance.
Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept, said: “SmartStream has gained a valuable nod of approval from our independent industry panel for its new TLM Corporate Actions solution. It is crucial that investment in new system developments is proved to be worthwhile and financially rewarding and the B.I.S.S. 2009 Corporate Actions benchmarking shows SmartStream has been very clever and mindful of changes in the securities markets and should succeed. TLM Corporate Actions offers the market a clear differential to other corporate actions products and genuine choice for financial services firms. It is always an objective of the B.I.S.S. benchmarking to find the real differences between systems and provide buyers with an independent analysis of what they are and in TLM Corporate Actions we have found and highlighted a system with a very different approach to solving the problems in corporate actions operations.”
Paul Phillips, Senior Business Development Consultant at SmartStream Technologies, said: “The 2009 B.I.S.S. accreditation reflects the significant amount of hard work and creativity invested by SmartStream to develop a new solution that offers the functionality required to meet today’s event processing challenges. We are seeing high levels of interest from firms globally who are still struggling with processing inefficiencies and legacy systems that are creaking under the increased pressure of client, market and regulatory demands. As a standalone solution TLM Corporate Actions is proving to be one of the most functionally rich corporate actions solutions available today. It also offers integration with our broader suite of TLM solutions that we believe offers unparalleled ability to create more proactive middle and back office operations, reducing operational risk and lowering costs.”