SMARTSTREAM LAUNCHES TRANSACTION-PROCESSING-ON-DEMAND SERVICE
Posted March 24, 2009
“In the current economic environment, the benefits of SaaS in helping to
lower the total cost of ownership of risk management solutions are clear
and we expect to see demand for SaaS growing significantly,” says Patrik
Neutjens, Head of Partner Management, SWIFT. “SWIFT will work with
SmartStream, an important and long-standing SWIFT partner, and the rest
of our community to identify opportunities to support the take-up of
SaaS to deliver cost reductions and improved risk management.”
TLM OnDemand delivers SmartStream’s TLM Reconciliations solution as a
secure, resilient and fully managed service designed for small- and
medium-sized organizations. The service offers transaction-based pricing
that provides institutions with a variable cost base for their
reconciliations operation, better aligning operational costs with
processing requirements.
“With firms demanding greater value from their IT investments TLM OnDemand provides a lower total cost of ownership route to accessing our market leading applications,” says Philippe Chambadal, CEO of SmartStream. “Customers of all sizes, but particularly those in the mid- and lower tiers, no longer have to compromise on the tools they use to improve efficiency, lower transaction costs and reduce operational risk. The launch of this innovative service will transform the reconciliations market place, and over time the broader back-office function, bringing lower cost automation to new sectors and offering unbeatable value to our existing clients.”