Manual data entry, re-keying of transaction details and spreadsheet-based analysis are time consuming, inefficient and provide multiple opportunities for errors to arise during the reconciliation process.
SmartStream’s TLM OnDemand helps firms that have previously found the cost of improving back office operations prohibitive to move forward. They can now benefit from more efficient post-trade operations that drive down the cost per transaction.
SmartStream has been at the forefront of innovation in reconciliation software solutions. It introduced real time dashboards, a zero footprint browser-based UI for low cost deployment, advanced matching processing for highest match rates and enhanced integration tools for improved workflow and automation.
This continual investment in innovation means TLM OnDemand customers always have the market-leading tools available for their operations. TLM OnDemand offers industry-leading, automated reconciliations processing as a flexible and cost-effective managed service for the following financial reconciliation types:
TLM OnDemand for Corona Users
Existing TLM Corona users can also benefit from the Software as a Service (SaaS) model, enabling them to upgrade to the latest version of Corona., whilst gaining access a range of TLM Corona modules at a lower total cost of ownership.
Cash Reconciliations
Industry-leading match rates for your cash transactions save your organisation time, effort and money. Integrated exception management enables firms to chase overdue receivables and as a result accurately calculate opportunity costs, opening and closing balances. As a result, back office teams become more efficient, moving reconciliation from a service-based role into an account management function.
Securities Reconciliations
TLM OnDemand supports firms looking to combine cash and securities into a single reconciliations process delivered through a single web browser screen. Should an exception occur, it is raised as a single exception, rather than two, eliminating unnecessary manual effort to further reduce errors, risk and exposure.
Data Aggregation
SmartStream has partnered with ByAllAccounts, a recognised leader in account aggregation to buy-side firms, to deliver a turnkey data and reconciliation solution to further reduce transaction processing cost and shorten the reconciliation cycle.For more information on SmartStream’s TLM OnDemand service for SaaS reconciliation visit the dedicated portal
