SmartStream Technologies, the Transaction Lifecycle Management specilaist, today announced that a new London-based Hedge Fund has selected TLM Reconciliations.
The Hedge Fund will use the SmartStream solution to automate the reconciliation of internal trades with its prime brokers to increase visibility and control to its back office processes. After a thorough review of the market, TLM Reconciliations was selected by the organisation due to its proven technology, market-leading match rates and the short implementation period that would enable the client to adhere to their aggressive project timeline.
The company is the latest in a number of Hedge Funds and Investment Managers choosing to implement TLM to deliver more proactive reconciliation and exception management throughout the transaction lifecycle.
Richard Cummings, UK Regional Director, SmartStream, stated: "This contract builds on our success with other Hedge Funds and further cements our reputation as a provider of best-of-breed solutions in this market. TLM offers asset managers and hedge funds the flexibility they require to reconcile multiple instrument types in a scalable solution that will help to efficiently manage volume increases."