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SmartStream Transaction Lifecycle Management

SmartStream Transaction Lifecycle Management

Overview

What is SmartStream Transaction Lifecycle Management?

UK company SmartStream offers a process automation option.

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Recent Reviews

A Matured Recon Tool

8 out of 10
December 08, 2021
Incentivized
SmartStream TLM is the primary reconciliation tool used within our organization. We have Internal accounting systems and the purpose of …
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Pricing

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What is SmartStream Transaction Lifecycle Management?

UK company SmartStream offers a process automation option.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is SmartStream Transaction Lifecycle Management?

SmartStream Transaction Lifecycle Management Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(2)

Reviews

(1-1 of 1)
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December 08, 2021

A Matured Recon Tool

Score 8 out of 10
Vetted Review
Verified User
Incentivized
SmartStream TLM is the primary reconciliation tool used within our organization. We have Internal accounting systems and the purpose of using TLM is to reconcile the data in the accounting systems with the data we receive from custodians. TLM supports multiple recon types, 2 way, 3 way, and multiway which helps our organization to perform the recon faster and effectively.
  • Matching Rules are easy to implement
  • Dashboards are user friendly and customizable
  • Supports multiple file formats for easy data ingestion
  • Data Archival
  • AI and Machine Learning for better match rate
  • Better reporting capabilities
TLM will be well suited for an organization's recon requirements. If the organization is able to afford the software, it will be worth investing the amount. The support for heterogeneous file formats is one of the key features. It can accept swift and flat files. The config screens for ingesting the data are very user-friendly. Overall the time taken for setting up a new recon is very less. TLM can be improved if they bring in some AI/ML algorithms for improved match rates.
  • Cash and Holdings Recons
  • Multi Way Reconciliations
  • Smart Schema and Messaging Interface
  • Recons completed within SLA's
  • Improved match rates
  • User friendly dashboards
Excel was used as a traditional recon tool using macros for matching. There is no room to scale up the recons using excel. The recons are cumbersome and take a lot of time to complete. There are more chances of manual errors. No UI to create a good user experience. Overall all negatives compared to TLM
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