SmartStream bags reconciliations mandate 03 February 2016Singapore Reporter: Stephanie Palmer
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Nikko Asset Management has adopted SmartStream’s Transaction Lifecycle Management (TLM) OnDemand solution for reconciliations.
The cloud-based software-as-a-service system is intended to allow client to benefit from SmartStream’s reconciliations product while reducing the costs and offering a faster implementation time.
Features include cloud-based reconciliations management dashboards, match rules configuration, exception-based workflow processing, and reporting.
Joseph Kubeyka, Asia Pacific regional director for SmartStream, said: “We are delighted to strategically partner with one of the world’s leading asset managers on such an important project.”
“Asset management is an increasingly competitive business and by utilising the TLM OnDemand solution, Nikko Asset Management will be able to further differentiate in terms of its level of client service for offshore fund reporting. Nikko Asset Management’s selection of SmartStream further validates our leading position in the Asia Pacific financial technology market and our global managed services strategy.”
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