BayernLB chooses SmartStream's TLM Corona
November 30, 2005
SmartStream Technologies, the market leading provider of Transaction Lifecycle Management solutions, today announced that BayernLB has selected TLM Corona for its automated reconciliation and investigation processing.
Dr. Josef-Michael Keck, Central Office Team Leader, BayernLB, explained the firm’s decision to select SmartStream. “In SmartStream we chose a tried and tested partner, one that offers a portfolio of market leading reconciliation solutions and delivers the experience and services to support our business in gaining the most from our investment”
BayernLB has been a long standing user of SmartStream’s Corona product, having previously used Corona Classic. Keck stated, “Our knowledge and experience of working with SmartStream’s Corona products has always been overwhelmingly positive. With TLM Corona we have found a leading edge product that harnesses web technology to further improve automation and productivity.”
Concluding, Keck said, “In upgrading to TLM Corona we have opted for a solution that is functionally rich from a supplier that has the experience to minimise the project risk”.
“We are delighted that another major client, BayernLB, has decided to migrate to TLM Corona”, commented Dr. Christian Schiebl, Regional Director Europe SmartStream Technologies. “The combination of the world’s most popular reconciliations solution with TLM WebConnect, SmartStream’s state of the art web portal, offers an attractive, future-proofed solution for banks in need of a reliable and high-performance reconciliation solution.”