European wealth management firm Lombard International Assurance (Lombard) is implementing SmartStream Technologies' Transaction Lifecycle Management (TLM) to automate reconciliations and investigations processes.
Smartstream says its TLM Reconciliations and Investigations system was picked from a shortlist of five vendors and will enable Lombard to manage transaction volumes without employing further operational staff. Additionally, the platform's dashboard functionality will enable users to identify high risk areas and highlight problems.
Paul Casey, manager, fund accounting, Lombard, says automating the reconciliations process is the firm's first step in implementing a complete STP architecture.
"SmartStream Technologies and the TLM product suite are a core part of our plans to constantly improve our business processes as we continue to grow," says Casey.