SmartStream Technologies, the Transaction Lifecycle Management (TLM^®) specialist, today announced that Nikko Asset Management Co., Ltd.(Nikko Asset Management) has implemented SmartStream’s TLM OnDemand as its cloud-based reconciliations solution.

TLM OnDemand for reconciliations is the software-as-a-service version of SmartStream’s market-leading reconciliations technology. It enables users to derive the full benefits of TLM Reconciliations Premium whilst providing a low cost of ownership and faster implementation time. TLM OnDemand provides Nikko Asset Management’s users with secure, cloud-based access to reconciliations management dashboards, match rules configuration, exception-based workflow processing and reporting.

Joseph Kubeyka, Regional Director Asia Pacific, SmartStream noted:  “We are delighted to strategically partner with one of the world’s leading asset managers on such an important project.  Asset management is an increasingly competitive business and by utilising the TLM OnDemand solution, Nikko Asset Management will be able to further differentiate in terms of its level of client service for Offshore Fund reporting. Nikko Asset Management’s selection of SmartStream further validates our leading position in the Asia Pacific financial technology market and our global managed services strategy.”