SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has won "Best Reconciliation and Exception Management Provider" in the 2009 Waters Rankings. The seventh annual Waters Rankings is an industry-respected award where the winners are chosen by the qualified readers of Waters magazine, a financial IT publication with more than 10,000 readers.

Smartstream won the newly-created category with 32.9 percent of votes, while the runner-up scored second place with 26 percent of votes. The votes for the 2009 Waters Rankings came from 1,000 readers of Waters who work inside major investment firms on both the buy side and sell side.

“The readers of Waters clearly see Smartstream as the absolute leader in the field of reconciliation and exception management. In a volatile market, investment firms of all sizes need to complete trades and avoid exceptions that could squander deals and lose profits. With more than 32 percent of the votes, our readers think of Smartstream when it comes time to reconcile and manage those important trades,” said Phil Albinus, Editor of Waters.

Philippe Chambadal, CEO of SmartStream Technologies, added: “Winning this award is a great achievement, particularly as it was voted for by people who use our software on a daily basis and rely on it to deliver efficient and cost-effective operations. Our continued success with TLM, whether powering an internal utility, as part of a BPO service or through a cost-effective SaaS approach, is testament to its ability to drive down the cost of processing transactions, removing operational risk and supporting more proactive post trade operations.”

Each year, the readers of Waters are invited to choose the best financial IT services and solutions that help CIOs and CTOs get their job done. This year, more than 1,000 voters filled out the Waters Rankings ballots. The qualified Waters Rankings voters work inside today’s leading investment firms, hedge funds and exchanges.

To view an interview with Phil Albinus and Philippe Chambadal click here (hosted on YouTube)