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
Likelihood to Recommend
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.