SmartStream and Tata Consultancy Services Launch Outsourced Reconciliations Service
SmartStream Technologies has launched an outsourced reconciliations service in conjunction with Tata Consulting Services (TCS). The TCS Aspire Service is designed to increase STP rates to drive down cost and risk, while removing operational limitations through industry best practice reconciliations and investigations operations. By standardising reconciliation and exception management processes users can reduce operational risk and gain greater insight that will allow them to reengineer and strengthen their business processes. Additionally, by moving to this new utility structure they are able to convert their fixed costs to variable costs. The service is launching with Deutsche Bank as its first customer.