As part of its Managed Services offering, SmartStream has a solution called TLM Transaction Fees Invoice Management. This solution provides an automated function that eliminates the manually intensive, paper-based processes typically associated with common procedures such as matching of transactions, reconciling against invoices payable or producing invoices receivable. Benefits include:

  • No IT overheads or people costs, resulting in substantially reduced total cost of ownership
  • Accelerated performance through SLA and KPI measurement
  • Ease of data reporting
  • Significant improvements to efficiency and lowering cost
  • Enables the bank to maintain a control team to monitor performance