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As part of a Finance Change programme AMP implemented TLM Reconciliations to automate complex inter-systems reconciliations, increase match rates and drive down cost.
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Bank of Scotland (Ireland) automated their Payments and Receipts processing with TLM to create a centralised process management hub that delivers greater operational control, lower costs whilst improving customer service.
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With reconciliation volumes and complexity increasing, Australian firm Challenger needed to automate its processes to increase risk control and deliver more scalable operations.
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CLSA, a leading Equity Brokerage and Research House in the Asia Pacific region, implemented SmartStream’s TLM Reconciliations to transform a predominantly batch based, manual reconciliations process into a highly visible, real time, lifecycle management process. The firm has eradicated manual, time consuming processes and achieved greater operational control over their entire transaction lifecycles.
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ING Investment Management Australia has reduced costs and improved process visibility using TLM Reconciliations.
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Global reconciliation across Northern Trust's operations was recently centralised, the priority was to consolidate reconciliation systems onto a global platform, one that could handle more than 30 million transactions a month running through its operations. To achieve this vision, Northern selected TLM Reconciliations as its enterprise-wide solution.
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General Ledger (GL) reconciliations form a critical business control function and yet for many organisations remain a manually intensive, fragmented task. SmartStream spoke to UK-based insurers Norwich Union and Prudential, to discuss the benefits of automation.
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SmartStream and two leading derivatives consultants discuss the path to greater automation and the barriers that stand in the way.
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In a competitive market, how to you deliver a service that stands out from the crowd? Raiffeisen Zentralbank Österreich AG (RZB) is the central institution of the Austrian Raiffeisen Banking Group, created an innovative service that reduces risk and costs, while also delivering greater self-service to clients.
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Santander is introducing shared service centres across its business to deliver operational best practice. Using TLM Reconciliations at its centre, Santander has created a highly scalable centre of excellence, consolidating processes and systems to reduce operational risk and improve efficiency.
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Having completed a thorough review of the Corporate Actions market place Sydbank selected SmartStream’s TLM Corporate Actions to automate their complete Event Management process.
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SmartStream has partnered with syntel to deliver a range of consulting and support services for its market-leading TLM products. this will enable financial services firms, looking to implement new solutions that deliver more cost-efficient back office operations, to gain a faster time to market.
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T. Rowe Price completed a thorough review of their business in an effort to continue to reduce operational risk and handle increasing transaction volumes. The result was an ‘STP roadmap’ that sought to increase automation across functional silos. A long standing SmartStream customer, T. Rowe Price selected TLM Reconciliations, Process Automation and Corporate Actions to support their STP strategy.
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The TCS Aspire Service, powered by SmartStream's TLM technology, offers cost-effective core and client-specific reconciliations through an offshore utility model, removing operational cost and risk.
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As an institution that has already embraced outsourcing, Deutsche Bank outlines its vision for delivering greater efficiency and value from the back office. Martin Slumbers, Chief operating officer at Deutsche Bank discusses how the bank analysed its reconciliations processes and its reasoning behind choosing to move to the TCS Aspire Service.
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To manage their expanding business Vanguard Investments has implemented TLM Corporate Actions – creating efficient, scalable processes that control risk and cost while delivering improved client service. The ROI has been immediate: numerous manual steps have been removed. Manual entry of critical data has been dramatically reduced and the validation of event notification has been automated.
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Slovakia's VUB Banka has created a single reconciliations team using SmartStream's Corona at its head office in Bratislava, halving the number of reconciliations staff needed. This has delivered greater visibility into a critical control function, while also enabling the bank to efficiently manage its continued expansion.
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