New York, NY (PRWEB) August 20, 2009
SmartStream Technologies won Best Reconciliation and Exception Management Provider in the 2009 Waters Rankings. The seventh annual Waters Rankings is an industry-respected award where the winners are chosen by the qualified readers of Waters magazine, a financial IT publication with more than 10,000 readers.
Smartstream won the newly-created category with 32.9 percent of votes, while the runner-up scored second place with 26 percent of votes. The votes for the 2009 Waters Rankings came from 1,000 readers of Waters who work inside major investment firms on both the buy side and sell side.
"The readers of Waters clearly see Smartstream as the absolute leader in the field of reconciliation and exception management. In a volatile market, investment firms of all sizes need to complete trades and avoid exceptions that could squander deals and lose profits. With more than 32 percent of the votes, our readers think of Smartstream when it comes time to reconcile and manage those important trades," says Phil Albinus, editor of Waters.
Philippe Chambadal, CEO of SmartStream Technologies adds: "Winning this award is a great achievement, particularly as it was voted for by people who use our software on a daily basis and rely on it to deliver efficient and cost-effective operations. Our continued success with TLM, whether powering an internal utility, as part of a BPO service or through a cost-effective SaaS approach, is testament to its ability to drive down the cost of processing transactions, removing operational risk and supporting more proactive post trade operations."
Each year, the readers of Waters are invited to choose the best financial IT services and solutions that help CIOs and CTOs get their job done. This year, more than 1,000 voters filled out the Waters Rankings ballots. The qualified Waters Rankings voters work inside today's leading investment firms, hedge funds and exchanges. Technology vendors and media relations firms were not allowed to vote.
The winners of the 2009 Waters Rankings will be announced in the July 2009 edition of Waters and on the Waters web site: http://www.watersonline.com. Waters also celebrated with the winners at an exclusive cocktail party and awards ceremony at Metrazur in New York's Grand Central Terminal on June 30, 2009.
Waters is the leading source for news and analysis in the financial IT arena. Since its launch in 1993, Waters magazine delivers information and insight to the chief information officers and chief technology officers who work inside leading institutional investment firms, hedge funds and exchanges. Waters covers the confluence of business and technology in market data, trading & risk management and infrastructure as well as the human issues of talent management, staff retention and compensation. Waters has more than 10,000 subscribers worldwide and presents all-day conferences, exhibits, and webinars. Each Tuesday, nearly 14,000 subscribers receive the weekly Waters News alert. For more information, please visit http://www.watersonline.com.
For any questions about Waters Rankings and how to qualify for next year, please contact Phil Albinus, editor for Waters, at phil.albinus(at)incisivemedia(dot)com.
SmartStream Technologies creates software solutions that streamline and control transaction processes through intelligent automation for asset managers, banks, and corporate customers. Over 1,000 clients, including 75 of the world's top 100 banks, rely on SmartStream's Transaction Lifecycle Management (TLM ®) solutions to reduce operational risk and cost. TLM solutions drive down the cost-per-transaction, address regulatory concerns and improve customer service providing customers a market leading return on investment.
For more information visit http://www.SmartStream-stp.com or write info(at)smartstream-stp(dot)com.
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