Coronation Fund Managers Goes Live with SmartStream’s Corporate Actions Solution

(BUSINESS WIRE/AETOSWire)--SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®)solutions provider, today announced that Coronation Fund Managers, one of thelargest independent fund managers in South Africa, has gone live with TLMCorporate Actions OnDemand – automating the complete corporate actionslifecycle.

LlewellynSmith, COO at Coronation states: “We continue to make investments in ourbusiness, specifically in technology that enhances our clients’ serviceexperience, and which allows us to achieve greater operational efficiencies.Through SmartStream’s tailored solution, we achieve automation of our corporateactions operational processes. Given that this project ran in parallel with anumber of strategic initiatives, its successful implementation was essential.We value SmartStream’s corporate actions expertise which guided us through theprocedure in less than four months”.

Coronationis using the TLM® Corporate Actions OnDemand solution to processmandatory and voluntary events, including proxy voting for their domestic andinternational markets.

AdamCottingham, Product Manager, states: “Working in partnership with Coronationhas made this project a success. The team adopted our Model ClientConfiguration to accelerate delivery and achieve a rapid return on investmentfor the business. It’s great that Coronation has become the first TLM CorporateActions client in South Africa”.