B.I.S.S. Corporate Actions Benchmarking Predicts a Big Deal at SmartStream

London & Sydney - 11 October 2006

B.I.S.S. Research today announced at SIBOS that SmartStream has been awarded the 2006 B.I.S.S. ‘Corporate Actions’ Benchmark accreditation. The report, ‘Predicting a Big Deal at SmartStream’, recognises the investment the company has made in developing TLM Corporate Actions to become one of the world’s leading Corporate Actions solutions.

Highlighting a number of genuine state of the art innovations, the report states ‘If there was a special section for out of the box thinking then SmartStream would have scored the maximum’. TLM Corporate Actions’ ground breaking predictive functionality is viewed as the best in the market, offering an innovative approach to resolving operational risk in the Corporate Actions department. Whilst the integration of SmartStream’s web portal, TLM WebConnect, is reported as an outstanding development, enabling Corporate Actions departments to improve customer service and deliver real risk management.

Steve Miller, Senior Product Manager, SmartStream said, "We’ve built TLM to meet the industry’s demands, providing Broker Dealers, Custodians and Asset Managers with a state of the art solution to automating Corporate Actions. The B.I.S.S Benchmark gives that independent validation of our achievements and should be a valuable resource to firms seeking to identify a Corporate Actions solution that can truly transform their operations and deliver real RoI."

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said "Our assessment is clear; with strong products, strong management and a global client base SmartStream’s heading like a rocket into the stratosphere of global software vendors. This is great news for their customers and the product line but may be treated with some trepidation by their competitors."

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