SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a leading Swiss Investment Bank has selected TLM® Cash Management to manage its global cash flows.
The world-leading financial services company, which has operations spanning every continent and a presence in all of the world’s major financial centres, will be using TLM Cash Management across the enterprise, replacing its existing Treasury Management system.
The global deployment will provide the bank with real-time access to account information and deliver greater control to nostro sweep processes. TLM Cash Management will support a more efficient way to view funding requirements across the nostro accounts, enabling the bank to make better, more informed funding decisions.
TLM Cash Management will be deployed as a pure thin client web application using TLM® WebConnect to ease rollout across the firm’s user community and providing greater operational visibility through intuitive dashboards. The thin client delivery will also help to minimise support and maintenance requirements as new cash management functionality is rolled out over time.
Richard Cummings, Regional Director, UK, SmartStream Technologies, stated: “We are delighted that this leading bank has selected TLM Cash Management for such a critical project. We are continuing to see a high level of interest in our Cash Management solution as a result of recent market turmoil and the consequent need for efficient cash and liquidity management.”
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