SmartStream announced the latest version of SmartStream Air – with new AI functionality to onboard cash balances faster and more accurately, while further improving cash reconciliations.
If cash balances and/or positions are not managed correctly they will eventually lead to errors, financial losses, and even regulatory penalties. SmartStream Air latest version aims to provide quick and easy onboarding of cash balances. The latest solution will continue to leverage its artificial intelligence (AI)-enabled technology and exception management capabilities to provide users with the confidence to manage cash balances instantly.
Jethro MacDonald, head of Product Management for AI and Machine Learning at SmartStream, said in a statement: “To ensure we had the right upgrade, we hired a team of UX researchers to make sure we are delivering what the market is currently demanding. Having tested it with a few clients, the results have shown that the solution empowers them to be confident in their decision-making, in addition to providing an end-to-end solution, with a quick implementation time. This enhanced version is a powerful addition to our SmartStream Air solution – providing AI-enabled technology in the cloud”.