Reconciliations and Exceptions Management

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SmartStream’s reconciliations solutions automate and standardise processing to enhance match rates and operational insight. They incorporate comprehensive exception management, essential for the identification, prioritisation, allocation and audit of issues identified by reconciliations.

Our technology can be flexibly deployed and consumed through the cloud, as microservices, on-premise or via managed services. Integrated AI and machine learning capabilities empower business users, providing powerful analytical tools while reducing reliance on busy IT support teams.

Institutional banks, buy-side firms, neo-banks, payments service providers, corporates and telcos are using SmartStream’s solutions to improve risk management, boost operational performance, optimise manual touch points, and comply accurately with regulation.

Key Features

TLM Reconciliations Premium is a single reconciliations solution, delivering a strategic platform across multiple transaction types and providing enterprise-wide transaction lifecycle management. It acts as a single knowledge base, enabling workloads to be balanced across a shared service facility that supports the entire organisation. It is both volume scalable and data width agnostic. A range of different operational and deployment models are available, including on-premise, fully hosted or in the cloud.

TLM Reconciliations Premium services the buy-side, sell-side and corporates, with best practice packages to cover all types of reconciliations.

TLM Reconciliations Premium is driven by rules and workflows. It makes use of pre-configured models validated by clients and supports industry best practice, facilitating rapid implementation. The solution is also highly flexible: matching criteria can be defined down to the attribute level, maximising the efficiency of the reconciliation process.

  • Rapid onboarding
  • Reconciliation and item tracking
  • A powerful matching engine
  • Dynamic enrichment of transaction data
  • Flexible data loading
  • Integrated exception management
  • A flexible user interface with poweful analytical capabilities
  • Persistence, archiving and reporting

TLM Reconciliations Premium consists of ten services - TLM SmartRecs, TLM View, TLM Matching, TLM Exception Management, TLM Proofing, TLM Message Integration, TLM Persist, TLM Archive, TLM Control, and TLM SmartSchema. These components provide a single, powerful solution, which can accommodate all of a financial institution’s reconciliations related activities in one place, regardless of the size and the complexity of those operations.

Key Benefits

TLM Reconciliations Premium is a single, reconciliations agnostic solution. It incorporates industry best practices in pre-configured business processes for multiple reconciliation types, creating a highly scalable transaction processing environment, fl exible enough to cope with changing market and regulatory demands.

A powerful matching engine and integrated exception management capabilities deliver the highest possible automated match rates and ensure any failed transactions are escalated, repaired and returned to the process flow.

TLM Reconciliations Premium offers a comprehensive range of features including financial proofing and data analytics capabilities. Proofing is available by asset, currency and in combination, providing the flexibility to create a range of mathematical proofs, from simple trial balances through to complex NAVs. Analytical features are available for business users to analyse results in real time, to find underlying causes for breaks and to identify opportunities to improve matching hit rates.

The solution focusses on ease of use and simplicity, while a sophisticated layer of AI promotes business user independence and facilitates self-service. These advantages, combined with the solution’s ability to rapidly onboard a broad range of reconciliations, and a range of persistence options, enable institutions to keep overheads down to sustainable levels.