SmartStream, the financial transaction lifecycle management specialist, has launched a new service, TLM Corporate Actions Event Management On Demand, delivering enhanced event management through the Software as a Service (SaaS) model.
TLM Corporate Actions Event Management On Demand delivers the event management capabilities of SmartStream's TLM Corporate Actions solution as a secure, and fully managed service.
Designed to meet the automation requirements of small to mid-sized firms, the service eliminates manual event data processing and recording of critical dates, whilst lowering the total cost of ownership for an automated event management solution.
Through its integrated diary-based approach, the service provides an online database of all events that affect client portfolios. The automated population of the event diary displays all critical dates and any actions required to manage the event lifecycle on behalf of clients.
TLM Corporate Actions Event Management On Demand takes in the client's feed sources to create a single, rationalised event master or golden record. This information, in conjunction with custodian / prime broker specific deadline dates, is used to drive workflow processes that automatically populate and update the service's integrated diary.
The diary also monitors and displays all exceptions and tasks raised against each event providing a prioritised list of activities to the user in real-time.
This supports firms to mitigate the risk of missing critical deadlines and enables the qualification of custodian event notices. Further, the service can be pre-populated with event data from SmartStream's Managed Data Services or the firm's data vendor of choice.
Philippe Chambadal, CEO of SmartStream, says TLM Corporate Actions Event Management On Demand is SmartStream's latest innovation and an integral part of their approach to helping clients' drive down their operational costs without compromising the tools used for automating critical back office processes.
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