Waters Rankings 2022: Best reconciliation management provider—SmartStream

Overview

TLM Reconciliations Premium is a single, scalable reconciliations solution providing enterprise-wide transaction management. It facilitates the consolidation of transactional silos and removes the need for point solutions at different stages of the reconciliations lifecycle. Capable of handling reconciliations of any type, the solution enables organizations to bring all their reconciliations activities under one umbrella.

The Solution

TLM Reconciliations Premium helps banks modernize their operational processes and manage the growing volume of complex data structures. They use the solution to improve risk management, boost operational performance, optimize manual touch points, and comply with regulations. Offering a variety of services that can be combined with different deployment options, the managed service is already bringing significant benefits to clients. A major global financial institution has improved its auto-match rates by more than 97%, while its exceptions have been reduced by 67%.

Secret Sauce 

SmartStream’s Innovation Lab has integrated AI, machine learning and observational learning into the TLM Reconciliations Premium platform. 

Recent Milestones 

• Enhanced user interface through TLM View—clients now benefit from increased insights and productivity
• Integration of AI capabilities in TLM Reconciliations Premium for optimal efficiency 
• Affinity, SmartStream’s latest machine learning technology, is now embedded within the solution to improve match rates

Future Objectives 

• AI and machine-learning technologies will continue to be deployed across all of SmartStream’s solutions.
• Managed services and cloud environments will be available globally for all solutions.