The manual reconciliation of cash and securities can represent a significant operational risk and create a barrier to achieving higher STP rates. SmartStream’s TLM reconciliation software solutions delivers greater visibility and control to the financial reconciliation of cash and securities instruments through automation.
Designed to be a volume insensitive reconciliation solution, supporting firms’s drive to lower back office costs and reduce operational risk, TLM replaces manually-intensive and paper-based reconciliation processes.
By replacing these inefficient processes, TLM’s volume insensitive financial reconciliation solutions support firms’ drives to lower back office costs and reduce operational risk. Its integrated exception management tools are designed to automatically manage exceptions as they occur, delivering cost savings as well as enhanced risk management.
SmartStream’s reconciliation software also support firms looking to combine cash and securities into a single reconciliations process. TLM creates a multi-way reconciliation, requiring institutions to only load data once in order to match multiple times. Should an exception occur, it is raised as a single exception, rather than two that would be traditionally investigated by both the cash and securities teams. Exception processing and automated follow-ups eliminate unnecessary manual effort to further reduce errors, risk and exposure.
