[April 30, 2014] |
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SmartStream Announces New TLM Reconciliations Premium Deployment with SEI
LONDON --(Business Wire)--
SmartStream Technologies, the financial Transaction Lifecycle Management
specialist, today announced the enhanced collaboration with SEI (NASDAQ:
SEIC), the global provider of asset management, in which both companies
will build and deploy a reconciliations utility that enables SEI to
serve its wealth management clients with cash, transactions and
securities positions from a single reconciliation platform. This utility
will be based on the latest version of SmartStream's TLM Reconciliations
Premium™ solution.
Through the adoption of this solution, SEI is well placed for its
anticipated growth and now has the ability to take advantage of the new
business-specific derivatives and net asset value modules coming to
market. Further benefits include the adoption of the exception
management layer that provides improved service t its clients through
the automation of exception handling, providing time critical break
resolution. This will result in improved client service, visibility of
risk and operational savings. In addition to the TLM Reconciliations
Premium solution, SEI will also deploy the new SmartStream TLM
SmartRecs™ solution that will operate seamlessly with TLM
Reconciliations Premium, providing record setting onboarding of new
reconciliations data, supporting the utility model. TLM SmartRecs
enables business users to map and construct the reconciliations directly
in line with their clients' requirements.
"SEI is looking forward to achieving significant quality and efficiency
gains through the deployment of TLM Reconciliations Premium," said Ria
Walsh, Executive Vice President, SEI Private Trust Company.
"Additionally, we look forward to leveraging the TLM SmartRecs solution
with a goal of broadening our current use of the solution for financial
reconciliation, and using it in innovative ways to positively impact our
business."
"We value our longstanding partnership with SEI and are very happy to
have played a role in their continued growth. Additionally, with this
new migration from TLM Reconciliations™ to the new TLM Reconciliations
Premium we will be able to continue delivering even faster, more
accurate results further aiding their expansion." said Philippe
Chambadal, CEO, SmartStream. "This relationship typifies the type of
synergistic relationship we strive for in every long-term deployment;
working together to develop the exact solution our customers need."
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