SmartStream Technologies, the London-based provider of transaction lifecycle management and automation solutions, released the latest version of its reconciliations product called TLM Reconciliations-Premium.
Premium is designed to enhance processing and scalability. It comes with preconfigured best practice models, a new matching engine for cross-enterprise utility scalability and integrated exception management to help increase transaction visibility and lower risk.
The product is designed to be flexible enough to quickly optimize the solution to meet each client's specific transaction processing needs. This, says the company, increases automated match rates, keeping manual intervention to a minimum while offering an accelerated implementation.
In addition, SmartStream launched the next generation of its corporate actions solutions, TLM Corporate Actions.
TLM Corporate Actions takes an exception-driven approach to ensure appropriate actions are always presented and escalated, as necessary. It manages and presents milestones, tasks and exceptions against events in real time using a diary-based view. The product is designed to deliver automation across the event lifecycle, from event cleansing, position reconciliation, communications, elections and entitlement positing.
TLM Corporate Actions also is designed for scalability to address the rise in event volumes. It consolidates information from various industry sources to deliver and single enterprise service covering multiple markets and instruments.
Furthermore, TLM Corporate Actions sports a new browser-based interface to improve the user experience, presenting a range of corporate action information on a single screen. Its thin client delivery also ensures a rapid roll out across an organization, to reduce the cost of ownership, says SmartStream.