SmartStream launches latest version of TLM reconciliations solution
SmartStream Technologies, the financial transaction lifecycle management (TLM) solutions provider, has unveiled its latest reconciliations solution.
The third major release of its solution comes with a range of services – such as self-service user experience, trend analysis for match rates, exception reduction, and model choices for each reconciliation.
A new feature, TLM View, provides a “user driven approach” to analytics, with “no reliance on IT support”, allowing access to real-time and historic data in the reconciliation repository. The firm says this will help identify trends and exception patterns to further reduce manual intervention.
Another element of the latest release is TLM SmartRecs, SmartStream’s onboarding and automated match rule creation solution – which now has further features, including data transformation functions and “enhanced analysis of incoming data”.
Rocky Martinez, CTO, SmartStream, says with the latest release it has the “infrastructure to allow for robotic process automation (RPA) and have the ability to view distributed ledger information” and “this is what we view as the future as it becomes industry standard for our customers”.
SmartStream states that TLM Reconciliations Premium now provides a choice in how each reconciliation is persisted, TLM Persist offers alternatives that range from a supported relational database management system (RDBMS) to lighter storage options. Regardless of persistence choice, the firm says all reconciliations can be accessed through the same user interface.
Follow us on Twitter @DailyNewsSibos
Read all the latest news and views from Sibos 2017 online here or pick up a free print copy of Daily News at Sibos if you are at the conference!
