NEW YORK, Oct 19 (Bernama-BUSINESS WIRE) -- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that its original agreement with Credit Suisse was recently expanded to include the processing of Listed Derivatives Brokerage fees which began in February of this year. This expansion in SmartStream’s partnership with Credit Suisse complements its existing managed service solution for the processing of invoices and reconciliations within Credit Suisse’s OTC Fixed Income Derivatives, US Listed Equity Options and Cash Equities businesses across brokerage, clearing and exchange fees operations, which began in June of 2016. The managed service enables the bank to advance the operational efficiencies created through the use of the utility-based solutions offered by SmartStream, utilizing their proprietary execution fees and expense management software.
By centralizing the entire cost management ecosystem across all service providers from receipt of invoice to automatic fee calculation, accruals, reconciliation and payment, the bank can better realize enhanced controls and transparency and achieve greater cost optimization.
http://mrem.bernama.com/viewsm.php?idm=30339
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