SmartStream Technologies, a provider of transaction lifecycle management (TLM) platforms, has launched TLM Corporate Actions platform, which it claims to transform corporate processing by managing and presenting tasks and exceptions against events in real time through a diary-based view.
According to SmartStream, the platform enhances processing efficiency by delivering automation across the event lifecycle, from event cleansing, position reconciliation, communications, through to elections and entitlement positing. This enables firms to deliver customer service to both internal and external clients through the provision of complete and timelier event information.
TLM Corporate Actions consolidates information from various industry sources to deliver a single enterprise service covering multiple markets and instrument types. Its configurable workflow model provides a system that can be tailored to satisfy the specific processing requirements of an organisation, the company claims.
Alan Jones, senior product manager at SmartStream Technologies, said: “Its full thin client delivery and innovative user interface enables firms to gain greater visibility into their event processing, identifying exceptions, providing steps to repair them and as a result reducing their exposure to risk and financial losses. This proactive, real-time approach to corporate actions supports firms to further improve their customer service and differentiate themselves in an increasingly competitive market.”
