Leaders in financial services software select fluid and global cloud HRMS solution
READING, UK - Fairsail, the company that's transforming the way mid-sized organizations acquire, engage, manage and develop their modern workforces, today announced it has been selected by SmartStream, a market leading global software provider to more than 70 of the world's top 100 banks, to deliver a global HR solution to the company.
SmartStream, founded in 2000, has over 500 employees across 18 countries and 23 offices. As a global software and managed services provider, SmartStream provides Transaction Lifecycle Management solutions and unique Data Management Services that are designed to deliver real-time and pre-emptive solutions to reduce trade failures while automating post trade processes. In challenging market conditions, SmartStream has outpaced its rivals in the financial markets sector, creating a base of more than 1,500 customers.
SmartStream's global expansion resulted in challenges in maintaining its current disparate multi-country solution, which requires considerable manual input, lacks key international functionality and a 'mobile-friendly' interface, resulting in poor user adoption. It has also become ever more apparent that an end-to-end, multi-country, system was needed to deal with the greater diversity presented by the expanding number of international offices and increased needs of its diverse workforce. These problems were a barrier to greater efficiency, which led to SmartStream's decision to aggregate its HR systems and functions into one consolidated solution that will include integration with multiple payroll systems in different countries.
Fairsail was selected because of its proven track record in quickly implementing its cost-efficient global HRMS across an array of countries, languages, currencies and jurisdictions. Fairsail's cloud-based solution was the preferred choice to replace the current HR system. Fairsail will enable SmartStream to eliminate resource-intensive processing, streamline its multinational workforce related processes and assure regulatory compliance across multiple countries. This in turn will free up HR teams, enabling them to become more strategic, while increasing overall productivity by enabling employees to engage with the system through self-service capabilities.
As David Porter, Global HR Director at SmartStream explains: "Our customers operate across international boundaries, as do our employees, therefore we need a robust HR system that can meet those challenges and support our business. In partnership with our selection of Fairsail we feel we have found the solution to help with our future growth".
Adam Hale, Fairsail CEO, said: "Fairsail is delighted to have been selected by SmartStream, a market leading technology brand, to help manage its modern, multinational workforce. SmartStream is seizing the opportunity with Fairsail's global cloud HRMS to provide a better workforce experience by improving operations, streamlining processes, increasing efficiencies and ultimately delivering better business performance. We look forward to working with SmartStream to help the company continue to build and grow its leading position in the markets it serves."
SmartStream provides Transaction Lifecycle Management (TLM) solutions and Managed Services to dramatically transform the middle and back-office operations of financial institutions. Over 1,500 clients, including more than 70 of the World's top 100 banks, 8 of the top 10 asset managers, and 8 of the top 10 custodians rely on SmartStream's solutions.
SmartStream delivers greater efficiency, automation and control to critical post trade operations including: Reference Data Operations, Trade Process Management, Confirmations and Reconciliation Management, Corporate Actions Processing, Fees and Invoice Management, Cash & Liquidity Management and Compliance Solutions. Used independently or as a suite of solutions and services, clients gain a lower cost-per-transaction while reducing operational risk, aiding compliance and improving customer service levels.
For more information about SmartStream visit: www.smartstream-stp.com
For further information
Nathan Gee, Senior Marketing Manager, SmartStream
Tel: +44 207 898 8034
Fairsail enables mid-size, multinational companies to manage their modern workforces through its global cloud HRMS, transforming how organizations acquire, engage, manage and develop their teams. Implemented quickly and simple to use, the system increases company productivity, reduces operational costs and provides better experiences across the entire workforce. Fairsail's customer community includes Laird, Roto Rooter, Antea Group, Cobalt International Energy, Solarwinds, Betfair, SDL, Monitise, and Cooper Gay.
See how Fairsail can help better manage your modern workforce at www.fairsail.com.
Join the Fairsail Regatta HR leaders group.
Rebecca Hougham, The CommsCo,
+ 44(0) 7807 034 388