BlueBay buys TLM Corporate Actions & Reconciliations from SmartStream
April 26, 2006
SmartStream Technologies, the market leading provider of Transaction Lifecycle Management solutions, today announced BlueBay Asset Management (BlueBay) has selected TLM Corporate Actions
and TLM Reconciliations
Following a competitive review of the market place the London based firm, specialising in fixed income credit funds, chose SmartStream’s market leading products. Explaining their selection, Simon Lumsdon, IT Director, BlueBay stated, “This purchase reflects our strategy of deploying best of breed products to support our rapidly expanding business. By creating scalable, flexible operations we aim to continue to deliver outstanding service and returns to our clients whilst carefully controlling our cost and risk“.
TLM Corporate Actions will automate the firm’s Event Management processes, ensuring all corporate actions are captured and processed within compliant timeframes. Whilst TLM Reconciliations will automate the reconciliation and exception management of BlueBay’s Cash and Stock transactions received from Sungard’s investment accounting solution.
Commenting on the project, Steve Moss, UK Managing Director, SmartStream said, “We are delighted that BlueBay selected TLM Corporate Actions and TLM Reconciliations. The ease of use and scalability that TLM products deliver make them an ideal match for firms like BlueBay who are seeking immediate ROI from cost and risk reduction whilst building a transaction lifecycle management platform to support their sustained growth.”