SmartStream has released a new version of TLM Reconciliations Premium that provides a new reconciliation package for short-term investment funds.
The most recent release delivers significant performance increases, above 40 percent, with the highly scalable deployment options across data loading, transformation and matching services, according to SmartStream.
The package is available in a variety of flexible deployment options, from on-site, cloud based or fully managed service, and organisations are now able to reduce the total cost of ownership, which before was not an option.
It also provides enriched services for exchange-traded derivatives, over-the-counter and net asset value reconciliations.
Darryl Twiggs, executive vice president of product management at SmartStream, said: “Complexity and the rise in volumes for reconciliations has led us to make these new enhancements. We have a user committee of tier one banks whose major concern was to deal with the current surge in reconciliations data. So far the feedback for version 2.5 has been very positive with a good uptake.”
The refurbished solution includes an alerting function that informs users of any immediate problems or exceptions. In addition, important functionality has been added so users can access data quality quickly.
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