Brandes Investment Partners Implements TLM(R) Reconciliations.* TLM TLM Telemetry TLM Transaction Level Modeling TLM Tout Le Monde (French) TLM The Leprosy Mission (Northern Ireland) TLM Transmission Line Matrix TLM The Little Mermaid (fairy tale) [R] Reconciliations Used as an Enterprise Platform Delivering Greater Visibility to Diverse Portfolio * Greater Automation Decreases Processing Time for Institutional Accounts by 80% LONDON -- SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that Brandes Investment Partners Brandes Investment Partners is an investment advisory firm, managing assets for institutional and private clients worldwide. It was founded by Charles Brandes in 1974. Brandes Investment Partners currently (as of 2006) manages $105 billion in investments. has gone live with TLM([R]) Reconciliations as its enterprise-wide reconciliations platform. Brandes, based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , manages equity and fixed income assets for institutional and private clients worldwide, with more than $117 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The firm has deployed TLM Reconciliations to help manage its diverse portfolio, increasing control and visibility in the transaction lifecycle through more efficient reconciliation and exception management processes. Walt Czerminski, Head of Information Systems and Technology, Brandes Investment Partners, said: "With our large number of accounts, a comprehensive reconciliation solution represents high tangible value to our business. TLM Reconciliations provides the ability to drive a unified matching process with its flexible data model and advanced workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. capabilities. We are able to automate To turn a set of manual steps into an operation that goes by itself. See automation. booking of flow-through transactions back to our portfolio accounting application in a closed workflow loop. TLM's capabilities have a direct and visible impact on our firm's operational efficiency." Richard Balk balk the action of a horse when it refuses to obey a command to which it usually responds. See also jibbing. , Director of Operations, Brandes Investment Partners, said: "When we implemented SmartStream's TLM, we started with about 50% of our institutional accounts. The manual entry of posting transactions is now replaced by auto posting of high frequency transactions, resulting in an 80% decrease in processing time." Lou Longhi, Managing Director - Americas, SmartStream Technologies, said: "As both the institutional and Separately Managed Account (SMA (1) See SMA connector. (2) (Shared Memory Architecture) See shared video memory. (3) (Software Maintenance Association) A membership organization that began in 1985 and ended in 1996. ) businesses continue to grow strongly, many investment managers are looking to build up their operational controls for these products and offer improved customer service. TLM's flexible, generic data model and rich workflow capabilities ensure firms can drive out inefficiencies, supporting higher volumes and creating exceptions-based processes that increase transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. throughout the transaction lifecycle. We are very pleased that Brandes has recognised these capabilities to support their business strategy and named SmartStream as their strategic supplier for reconciliations." SmartStream Technologies provides industry-leading Transaction Lifecycle Management (TLM([R])) solutions that automate complex and scalable process flows to track and control financial transactions. 1,000 clients, including more than 75 of the world's top 100 banks, rely on SmartStream's solutions to reduce operational risk and cost while addressing regulation and improving customer service. For more information about SmartStream, our products and solutions visit: www.smartstream-stp.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion