A Matured Recon Tool
Use Cases and Deployment Scope
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.
Pros
- Matching Rules are easy to implement
- Dashboards are user friendly and customizable
- Supports multiple file formats for easy data ingestion
Cons
- Data Archival
- AI and Machine Learning for better match rate
- Better reporting capabilities
Most Important Features
- Cash and Holdings Recons
- Multi Way Reconciliations
- Smart Schema and Messaging Interface
Return on Investment
- Recons completed within SLA's
- Improved match rates
- User friendly dashboards
Alternatives Considered
Microsoft Excel
Other Software Used
Blue Prism Intelligent RPA, Appian, SAP Crystal