By centralizing the entire cost management ecosystem across all service providers from receipt of invoice to automatic fee calculation, accruals, reconciliation and payment, the bank can better realize enhanced controls and transparency and achieve greater cost optimization.

Haytham Kaddoura, CEO, SmartStream commented, "We are very excited about the opportunity to further support Credit Suisse in its strategic endeavors. Our fees and invoice management solutions have proven time and again their ability to deliver key cost and operational efficiencies at tier one financial institutions around the world."