As budgets come under increased scrutiny, firms are searching for the most cost-effective methods to deliver IT value.
SmartStream’s TLM OnDemand is a fully integrated SWIFT service that is available on a 'Software as a Service' (SaaS) basis. Apart from eliminating capital expenditure this delivery method can significantly reduce the cost of automating cash, stock and securities reconciliations.
The lower operating costs offered by SaaS now enable many more firms that may have held back from implementing back office projects to take advantage of TLM OnDemand and benefit from:
- Fewer transaction breaks and higher STP rates delivered by industry leading match rates
- Reduced risk by automating manual processes and replacing legacy systems with a proven reconciliation solution used by Tier 1 firms
- Lower Total Cost of Ownership (TCO), with the service taking on hardware purchase and hosting, database maintenance, data backup and archiving services, and full business continuity
- Enhanced customer service as the reconciler evolves their role from purely matching transactions to a value-added account management service
- Improved productivity delivered by industry-leading automated match rates and integrated exception management that highlights, in real-time, where transactions have failed
- Lower cost of implementation through a streamlined on-boarding process, ensuring a faster time to market
- Greater operational flexibility, allowing firms to scale their operations up and down to match their transaction volume processing requirements
For more information on SmartStream’s TLM OnDemand service visit the portal