Sell-Side Technology Awards 2014: Best Sell-Side Reconciliation Platform — SmartStream

Martin points to SmartStream’s ability to combine data across multiple asset classes as a testament to its prowess. In today’s new market, one advantage of this capability is that it allows users to see a “proof” of their total equity for over-the-counter (OTC) reconciliations. SmartStream’s TLM Reconciliations Premium offering delivers reconciliation and exception-management functionality for clients, matching and reconciling trades of any type. Users can manage the complete lifecycle of a trade through to its resolution. It provides the scalability to handle large volumes and can be deployed as a software-as-a-service (SaaS) offering or installed onsite.
“A recent focus for SmartStream has been around onboarding tasks,” Martin explains. “We deliver our messaging interface as a standard component for transforming and loading data into TLM Reconciliations Premium. This component is common to all TLM solutions, with data being loaded once and consumed across multiple business solutions.”
Perhaps the most advanced of its recent upgrades is the launch of TLM SmartRecs, introduced during 2013. The platform, which is coupled with TLM Reconciliations, integrates and automates data mapping, matching, documentation, and delivery into the TLM enterprise reconciliations system. This helps to lessen firms’ dependencies on bespoke, in-house tools, spreadsheets, and legacy software platforms.
“We introduced a new module called TLM SmartRecs, which is the first enterprise model that integrates and automates data mapping, matching, documentation and delivery into one prototyping product for rapid delivery,” Martin says. “TLM SmartRecs extends the onboarding capabilities, enabling business users to configure reconciliations in a matter of hours rather than weeks.”
SmartStream will tweak the platform during the course of this year and into early 2015. “Reconciliations are currently managed through the full lifecycle so users readily understand the current state of any reconciliation,” Martin says. “This will be extended to provide a task-orientated desktop that will proactively take all users across multiple roles directly to the tasks that require action. These improved efficiencies are assisting our clients to deliver improved service-level agreements (SLAs).”
“A recent focus for SmartStream has been around onboarding tasks. We deliver our messaging interface as a standard component for transforming and loading data into TLM Reconciliations Premium. This component is common to all TLM solutions, with data being loaded once and consumed across multiple business solutions.” —Tim Martin, SmartStream
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Women in Technology & Data Awards 2025 winner’s interview: Ripple Bhullar (Kyndryl)
Interview with Ripple Bhullar, winner of Vendor professional of the year (business development)
Asia Awards 2025: Best new product/service introduced over the last 12 months—Bloomberg
Bloomberg wins best new product/service introduced over the last 12 months in the 2025 Asia Awards.
WatersTechnology Asia Awards 2025: All the winners and why they won
The winners of the 6th annual WatersTechnology Asia Awards have been announced.
Asia Awards 2025: Best trading network—Iress
Iress wins best trading network in the 2025 Asia Awards.
Asia Awards 2025: Best ESG data provider—FIS
FIS wins best ESG data provider in the 2025 Asia Awards.
Asia Awards 2025: Best performance measurement and attribution product—Finastra
Finastra wins best performance measurement and attribution product in the 2025 Asia Awards.
Asia Awards 2025: Best outsourcing provider—Northern Trust
Northern Trust wins best outsourcing provider in the 2025 Asia Awards.
Asia Awards 2025: Best middle-office platform—OSTTRA
OSTTRA wins best middle-office platform in the 2025 Asia Awards.