SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced the launch of its new solution that addresses the post-trade confirmation needs of participants in the global treasury markets, TLM Treasury Confirmations.
TLM Treasury Confirmations delivers the highest auto match rates for the full range of treasury instruments and deal sources, combined with the enterprise scalability that institutions can rely on to manage soaring volumes. By replacing legacy applications and semi-manual processes with a single solution, TLM Treasury Confirmations provides greater control and visibility into the confirmation of any instrument, helping to deliver lower operational costs and risk.
Integrated exception management, including proactive alerting, makes managers and analysts aware of any confirmation failures as early as possible to ensure errors can be rectified before they become critical. Functionally-rich dashboards provide end-to-end process monitoring and the ability to drill down to individual transactions to discover the root cause of late confirmations.
Jason Turner, Product Manager – Treasury Confirmations at SmartStream, said: “As FX, MM and OTC volumes continue to rise the ability to effectively match confirmations on large numbers of transactions represents a huge operational challenge. Many existing systems simply cannot cope with either the sheer volume of trades or the variety of instruments being used. TLM provides a world-class solution with the features and scalability that banks need to support their operations and continue to provide the highest level of service to clients. It delivers higher levels of automated matching, freeing operations staff to concentrate on exceptions, which lowers transaction costs and supports more efficient and cost-effective treasury operations.”