US mutual fund company Vanguard is implementing SmartStream Technologies' TLM Corporate Actions software at its operations in Australia.
Melbourne-based Vanguard Investments Australia will deploy all modules of the package to centrally capture and process events in all major markets, including its own domestic equity and fixed income businesses.
The product automates all corporate actions processes including: event capture and management, response tracking, entitlement processing and reporting.
Philip Roe, head of IT, Vanguard Investments Australia, says: "The use of SmartStream's Corporate Actions solution is part of Vanguard's ongoing commitment to adopt world class processes that reduce operational cost and risk."