Cash & Securities

The manual reconciliation of cash and securities can represent a significant operational risk and create a barrier to achieving higher STP rates. SmartStream’s TLM reconciliation software solutions delivers greater visibility and control to the financial reconciliation of cash and securities instruments through automation.
TLM replaces manually-intensive and paper-based reconciliation processes. It is designed to be a volume insensitive reconciliation solution with integrated exception management tools that are designed to automatically manage exceptions as they occur. This supports the drive to reduce both back office costs and operational risk.

SmartStream’s reconciliation software also supports firms looking to combine cash and securities into a single reconciliations process. TLM creates a multi-way reconciliation that enables single data load in order to match multiple times.

Should an exception occur, it is raised as a single exception, rather than two that would be traditionally investigated by both the cash and securities teams. Exception processing and automated follow-ups eliminate unnecessary manual effort to further reduce errors, risk and exposure.