Manual data entry, re-keying of transaction details and Spreadsheet-based analysis are time consuming, inefficient and provide multiple points in the financial reconciliation process for mistakes to occur.
SmartStream’s TLM OnDemand enables institutions that, to date, have held off from back office projects due to cost, to create more efficient and cost-effective post-trade operations, driving down the cost per transaction.
SmartStream has been at the forefront of innovation in reconciliation software solutions, introducing the first 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:
Cash ReconciliationsIndustry-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 ReconciliationsTLM 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.
For more information on SmartStream’s TLM OnDemand service for SaaS reconciliation visit the dedicated portal