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, offering a lower-cost route to automating cash, stock and securities reconciliations by delivering the market-leading solution through the Software as a Service (SaaS) model.
TLM OnDemand enables firms that, to date, have held back from back office projects to benefit from:
- Lower 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
