TLM OnDemand by SmartStream Technologies
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Why TLM OnDemand?

The business benefits of middle and back office automation are clear – reduced operational risk and lower operational cost through the removal of manual processing. However, for small and medium sized institutions, the cost of buying software licenses, sourcing hardware, and installing and maintaining the new infrastructure has made creating the business case for new solutions difficult.

SmartStream’s TLM OnDemand offers a lower-cost route to automation by delivering its market-leading solutions through the Software as a Service (SaaS) model.

Increasing Reconciliation Efficiency and Productivity

With TLM OnDemand manual processes and legacy applications are replaced, automated match rates are dramatically increased and staff efficiency is improved. Their role evolves from a pure matching function into value-added account management function, focused on serving customers more effectively.

Productivity is improved further through integrated exception management that highlights, in real-time, where transactions have failed. By immediately alerting users and providing the fastest possible route to fixing the exception cause, transactions can be efficiently returned it to the transaction flow and operation risk is reduced.

Delivering a Lower Total Cost of Ownership

TLM OnDemand has been engineered to deliver a lower Total Cost of Ownership compared to an on premise option.

Implementation has been streamlined to minimise project start-up costs and ensure a faster time to market. The service offers instant distribution through SmartStream’s WebConnect browser anywhere in the world, with the flexibility to adjust OnDemand services to fit your business as needs change over time.

SmartStream manages the hardware purchase and hosting, software and database maintenance, data backup and archiving services, full business continuity, as well as all software upgrades and testing on clients behalf.

As a result, firms can focus on their core business and serving their customers, rather than on running their software.

To find out more download the White Paper here