SmartStream announces TLM Corporate Actions Event Management On Demand, delivering enhanced event automation as a service

19 September 2011

• SaaS-based solution aimed at small and mid-sized firms.

• Significantly reduces cost and risk by eliminating manual processes.

• Can be pre-populated with cleansed data from SmartStream’s Managed Data Services.

SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of a new service, TLM Corporate Actions Event Management On Demand, delivering enhanced event management through the Software as a Service (SaaS) model.

TLM Corporate Actions Event Management On Demand delivers the proven event management capabilities of SmartStream’s TLM Corporate Actions solution as a secure, resilient and fully managed service. Designed to meet the automation requirements of small to mid-sized firms, the service eliminates manual event data processing and recording of critical dates, whilst lowering the Total Cost of Ownership for an automated event management solution.

Through its integrated diary-based approach, the service provides an online database of all events that affect client portfolios. The automated population of the event diary displays all critical dates and any actions required to manage the event lifecycle on behalf of clients.

TLM Corporate Actions Event Management On Demand takes in the client’s feed sources to create a single, rationalised event master or Golden Record. This information, in conjunction with custodian / prime broker specific deadline dates, is used to drive workflow processes that automatically populate and update the service’s integrated diary. The diary also monitors and displays all exceptions and tasks raised against each event providing a prioritised list of activities to the user in real-time.

This supports firms to mitigate the risk of missing critical deadlines and enables the qualification of custodian event notices. Further, the service can be pre-populated with event data from SmartStream’s Managed Data Services or the firm’s data vendor of choice.

As a result, the TLM Corporate Actions Event Management On Demand service enables organisations to lower the Total Cost of Ownership for an automated event management solution, while at the same time improving its risk reporting and client reporting capabilities.

Alan Jones, Senior Product Manager at SmartStream, commented: “The launch of this new on demand service comes at a time when many small to mid-sized firms are wrestling with how to increase their automation of the event management process whilst also reducing their operational costs. This new service offers the rapid and secure delivery of events against the securities of interest that must be managed on a client’s behalf. It removes the cost and resource implications of managing an automated solution in house, providing proven automation and event management capabilities.”

Philippe Chambadal, CEO of SmartStream, added: “TLM Corporate Actions Event Management On Demand is SmartStream’s latest innovation and an integral part of our approach to helping clients’ drive down their operational costs without compromising the tools used for automating critical back office processes.”

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