Transaction Lifecycle Management (TLM) solutions provider SmartStream Technologies has moved further into the German market, joining forces with Finanz Informatik Solutions Plus (Finanz), a specialist in outsourcing, consulting, development and integration services for business applications in the financial sector.
Under the new agreement, Finanz will help its German clients with implementation projects and application management of SmartStream’s Corona solutions, as well as their next generation TLM Aurora offerings.
Finanz will also work with SmartStream to help with back-office digitalisation for a number of large-scale customers in the region, assisting with the implementation of the reconciliation processes and support release upgrades, as well as the integration of new modules.
The partnership aims to support reconciliation processes for financial institutions with trade activities, fees and invoice control and cash and intra-day liquidity management needs in the German market.
Guenther Ruf, Director Business Development Alliances, SmartStream, states: “Finanz Informatik Solutions Plus has in-depth knowledge of the market and a collaborative approach, which will hugely benefit our clients with a full service back office platform designed to strengthen operational activities”.