Capita Financial Group (CFG) has purchased TLM Reconciliations and TLM Control from SmartStream Technologies to automate trade processing across its global operations. TLM Reconciliations is being implemented to build a common reconciliations platform to replace CFG’s manual processes as the company seeks to deliver more efficient exception management. TLM Control will replace CFG’s manual trade capture in an attempt to increase straight-through processing (STP) rates. Overall, the company hopes that the TLM platform will automate disparate processes to deliver greater operational visibility, drive out cost and enhance control. TLM WebConnect, SmartStream’s web portal included as part of the TLM platform, will be used to support deployment of the solution globally and provide users with a consistent user interface.
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