Provides a range of applications for risk management, enabling firms to assess credit, market, and operational risks with advanced analytics and modeling capabilities.
More about Oracle Financial Services
Advanced analytical systems that quantify potential losses from various risk factors, including natural catastrophes, financial market movements, and operational failures.
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Multi-format Data Import Supports ingestion of data in formats such as CSV, Excel, JSON, XML, and proprietary insurance formats. |
OFSAA Data Integration Hub ingests flat files (CSV), Excel, XML/JSON and other formats. | |
API Connectivity Provides APIs or connectors to fetch data from core insurance systems, third-party data providers, or external risk data feeds. |
Suite exposes REST/SOAP services and packaged adapters to source systems. | |
Real-time Data Sync Allows real-time or near-real-time updates to risk models as new data becomes available. |
Near-real-time synchronisation is enabled via Oracle GoldenGate integration. | |
Data Cleansing Tools Offers automated tools for data deduplication, error correction, and normalization. |
Data Quality Management component supports deduplication, standardisation and error correction. | |
Historical Data Import Supports ingestion of historical data sets for backtesting and model validation. |
Historical risk data (multi-year) can be loaded into the Unified Analytical Data Model for back-testing. | |
Bulk Upload Speed Maximum records processed per minute during bulk data upload. |
No information available | |
External Catastrophe Model Integration Integrates with third-party catastrophe models (e.g., RMS, AIR). |
No information available | |
Event-driven Data Import Can trigger imports when new data events occur. |
No information available | |
Data Mapping Interface Provides an interface to map and align imported data fields with model input requirements. |
Visual source-to-target mapping provided within Data Integration Hub. | |
Automated Data Validation Runs rule-based checks on incoming data to ensure completeness and validity. |
Rule engine executes completeness/validity checks on inbound records. | |
Data Version Control Supports storing and referencing multiple historical versions of imported data sets. |
Data snapshots are versioned with effective-date stamping. | |
File Size Limit Maximum file size supported per upload. |
No information available | |
User Activity Logging Tracks and logs all data import or integration activities. |
No information available | |
Encryption of Imported Data Ensures all imported data are encrypted in transit and storage. |
TLS for transport and Oracle Transparent Data Encryption for storage protect imported data. |
Multi-Peril Modeling Supports assessment of multiple types of perils (e.g., nat-cat events, cyber, credit, operational risk). |
Supports credit, market, liquidity, interest-rate and operational risk – multiple perils. | |
Custom Model Creation Allows users to design and implement their own risk models using a scripting or low-code environment. |
Risk Calculation Engine allows user-defined stress tests and bespoke model code. | |
Stochastic Modeling Performs probabilistic modeling using Monte Carlo or other stochastic techniques. |
Monte-Carlo simulations used for VaR and Economic Capital calculations. | |
Scenario Analysis Enables creation of custom scenarios and stress testing against various events. |
What-if scenario builder lets users define and run stress scenarios. | |
Parameter Sensitivity Analysis Assesses how changes in input parameters affect model output. |
Market Risk module includes sensitivity (Greeks/shock) analysis tools. | |
Model Granularity Minimum level of granularity (e.g., policy, location) supported by the model. |
No information available | |
Correlation Modeling Supports modeling of dependencies and correlations between risks. |
No information available | |
Portfolio Aggregation Aggregates risks across portfolios for enterprise-level risk assessment. |
Economic Capital engine aggregates exposures across portfolios, entities and geographies. | |
Out-of-the-Box Model Library Library of pre-built models for common insurance risk types. |
Ships with Basel II/III credit risk, market VaR and other pre-built models. | |
Open Model Architecture Supports integration of external user-developed or third-party risk models. |
External models can be integrated through Oracle Data Miner and Python APIs. | |
Model Execution Speed Average time to run a single standard risk model. |
No information available | |
Time Horizon Flexibility Allows selection of modeling time frames (e.g., annual, quarterly, event-based). |
Calculations support daily, monthly, or custom time horizons. | |
Data Volume Capacity Maximum data volume supported per modeling run. |
No information available | |
Batch Processing Ability to execute models on multiple portfolios in parallel. |
Enterprise Scheduler executes batch runs on multiple portfolios in parallel. | |
Geospatial Modeling Incorporates geospatial data in modeling (e.g., for natural catastrophe risks). |
No information available |
Custom Report Builder Allows users to design and generate custom risk and portfolio reports. |
Oracle BI Publisher offers drag-and-drop custom report design. | |
Interactive Dashboards Provides real-time, interactive risk dashboards with drill-down capabilities. |
OBIEE dashboards provide interactive, real-time visualisation. | |
Map-Based Visualization Visualizes exposure and losses on geospatial maps. |
Oracle Analytics includes spatial map layers for exposure visualisation. | |
Export Options Supports export of reports and analyses in formats such as PDF, Excel, CSV, and images. |
Reports exportable to PDF, Excel, CSV and images. | |
Automated Report Scheduling Can automate the production and distribution of regular reports. |
BI Scheduler supports time-based automated distribution. | |
Risk Metric Visualization Graphical visualization of key risk metrics (e.g., VaR, loss distributions, exceedance probabilities). |
No information available | |
Data Drill-Down Allows users to explore results from aggregated to granular detail interactively. |
No information available | |
Scenario Comparison Charts Visualize and compare risk outcomes under different input scenarios. |
No information available | |
Custom Branding Reports and dashboards can be customized with user’s corporate identity. |
No information available | |
Mobile-Friendly Visualization Allows access to key dashboards and reports via mobile devices. |
No information available | |
Large Report Generation Speed Generation time for standard large-scale reports. |
No information available | |
Embedded Visuals Ability to embed dashboards in external websites or portals. |
No information available | |
Annotation Tools Allows users to annotate or comment on visualizations. |
No information available | |
Role-Based Access to Reports Restricts report visibility based on user roles or permissions. |
Role-based visibility enforced through OBIEE security model. | |
Report Versioning Maintains versions of reports to track changes over time. |
No information available |
Compliance Framework Templates Pre-built frameworks for Solvency II, IFRS 17, NAIC, and other regulations. |
No information available | |
Audit Trail Tracks and retains detailed logs of model changes, user actions, and inputs. |
System logs every model change and user action for audit purposes. | |
Validation Rules Engine Applies regulatory or internal control validation rules to models and calculations. |
No information available | |
Model Approval Workflow Built-in workflow for model review, approval, and sign-off. |
No information available | |
Role-Based Permission Controls Fine-grained access management for data, models, and reports. |
Fine-grained RBAC via Oracle Identity Manager. | |
Documentation Repository Central storage for all model documentation, assumptions, and regulatory submissions. |
No information available | |
Model Version Management Enables versioning and rollback of risk models. |
Model metadata stores version numbers with rollback capability. | |
Automated Regulatory Reporting Generates reports in regulatory-required formats and schemas. |
No information available | |
Access Logging Logs all user access for compliance audits. |
No information available | |
Change Request Tracking Tracks all proposed and implemented model changes for governance. |
No information available | |
Segregation of Duties Enforces separation of model development, validation, and approval roles. |
No information available | |
Data Retention Policy Interface Configure and enforce policies on how long data and models are retained. |
No information available | |
Automated Compliance Alerts Notifies users of compliance breaches and required remediation. |
No information available | |
Regulatory Feed Updates Updates on changes to regulatory requirements relevant to the platform. |
No information available |
End-to-End Encryption Data is encrypted in transit and at rest using industry standards (e.g., AES-256). |
Data encrypted in transit (TLS 1.2+) and at rest (AES-256 TDE). | |
Multi-Factor Authentication Requires more than one authentication mechanism for platform access. |
Supports MFA through Oracle Identity Cloud Service or third-party IdPs. | |
IP Allowlisting Restricts platform access to predefined IP addresses. |
No information available | |
Single Sign-On (SSO) Integration Supports SSO via SAML, OAuth, or other protocols. |
SAML/OAuth SSO with enterprise identity providers. | |
Data Masking Masks or obscures sensitive fields for non-privileged users. |
No information available | |
GDPR/CCPA Compliance Capable of supporting GDPR, CCPA, and other data privacy regulations. |
No information available | |
User Session Timeout Automatically logs out inactive users after defined periods. |
No information available | |
Activity Monitoring Tracks and analyzes user activity for unusual or suspicious behaviors. |
No information available | |
Secure API Access APIs are secured with OAuth, API keys, or other strong authentication. |
REST APIs protected by OAuth2 and/or API keys. | |
Audit Log Retention Defines how long security-related audit logs are kept. |
No information available | |
Granular User Permissions Fine-tuned access privileges can be set for every user or role. |
Permissions configurable down to screen, field and data-set level. | |
Data Residency Options Allows choice of geographic location for data storage. |
Oracle Cloud allows customers to choose regional data centres for residency compliance. | |
Penetration Testing Frequency Number of penetration and vulnerability tests per year. |
No information available | |
Secure Data Destruction Ensures compliant and auditable deletion of customer data when required. |
No information available |
Concurrent Users Supported Maximum simultaneous users supported without lag. |
No information available | |
Data Processing Throughput Volume of data that can be processed in an hour. |
No information available | |
Horizontal Scalability Platform can scale out by adding more servers or processing nodes. |
Scales horizontally via Oracle RAC nodes or OCI compute autoscaling. | |
Peak Load Stability System maintains consistent performance during peak usage. |
Benchmark results show stable performance during quarter-end peak workloads. | |
Cloud Deployment Options Supports scalable deployment on public, private, or hybrid clouds. |
Available on public Oracle Cloud, private cloud appliances or hybrid set-ups. | |
Auto-Failover Automated failover support for high-availability architectures. |
Oracle RAC/Data Guard deliver automatic failover without manual intervention. | |
Scheduled Model Runs per Day Number of full-model runs that can be scheduled and completed within a day. |
No information available | |
API Request Throughput API can handle a certain number of requests per second. |
No information available | |
Data Storage Limit Maximum data storage capacity supported without upgrade. |
No information available | |
Elastic Compute Resource Allocation Supports dynamic allocation of compute resources based on workload. |
No information available | |
Zero Downtime Upgrades Can update or upgrade the platform without service interruption. |
No information available | |
High-Availability SLA Guaranteed percentage uptime service level agreement. |
No information available | |
Performance Monitoring Dashboard Real-time visualization of system performance and bottlenecks. |
No information available |
Intuitive User Interface Easy-to-navigate UI with clear labeling, workflow, and help features. |
Web UI uses clear navigation, labels and wizards for common tasks. | |
Guided Workflows Step-by-step wizards for common risk modeling tasks. |
No information available | |
Role-Based Dashboards Customizable home dashboards based on user’s job function. |
No information available | |
Real-Time Help and Tooltips Instant contextual help and documentation throughout the platform. |
No information available | |
Training Materials Integrated platform tour, videos, and self-paced training resources. |
Extensive documentation, tutorials and Oracle University courses provided. | |
Keyboard Accessibility Full platform operability with keyboard shortcuts for accessibility. |
No information available | |
Multi-language Support Provides UI localization options in multiple languages. |
No information available | |
Customizable Interface Themes Supports light/dark or corporate branding themes. |
No information available | |
User Feedback Collection Built-in feature for users to submit feedback or feature requests. |
No information available | |
Data Input Wizards Guided data entry with error prevention and auto-complete features. |
No information available | |
Accessibility Standards Compliance Certified to WCAG or other accessibility standards. |
No information available | |
Search and Filter Functionality Global and contextual search and filter features for data, models, and reports. |
No information available | |
Saved User Preferences Platform saves user preferences for layout and workflow. |
No information available |
Open API REST or GraphQL API for integrating with other enterprise systems. |
REST APIs published with OpenAPI/Swagger definitions. | |
Webhooks Event-driven notifications to external systems or services. |
No information available | |
Third-Party Plugin Support Ability to add external modules or plugins for new features. |
Java plug-ins and Oracle Cloud Marketplace extensions supported. | |
SaaS/On-premises Options Available as both a cloud service and on-premise deployment. |
Can be licensed on-prem or consumed as Oracle Cloud SaaS. | |
Pre-built Industry Connectors Ready-made connectors to common insurance or risk data sources. |
Provides connectors for SWIFT, Bloomberg, regulatory filing feeds, etc. | |
Custom Scripting Environment Allows users to write custom scripts for automation or modeling using Python, R, etc. |
Custom logic can be written in PL/SQL; Python/R supported through Oracle Machine Learning. | |
Single Sign-On Integration Can integrate with enterprise identity providers via SAML, OAuth, etc. |
No information available | |
Event Log Streaming Streams platform events (e.g., model run completions) to external log management tools. |
No information available | |
Data Export API Programmatic export of model outputs and reports. |
No information available | |
Custom Event Triggers Allows definition of custom logic to trigger external processes based on platform events. |
No information available | |
Sandbox Environment Dedicated sandbox for safe, isolated testing of integrations and model changes. |
No information available | |
Integration Template Library Pre-built templates for integrating with popular third-party tools. |
No information available | |
Versioned API API supports versioning to avoid breaking existing integrations. |
No information available |
24/7 Support Availability Round-the-clock support via helpdesk, chat, or phone. |
No information available | |
Dedicated Account Manager Named support representative for enterprise customers. |
Enterprise contracts include a named Oracle account manager. | |
Onboarding Assistance Assistance provided with initial setup and user training. |
No information available | |
Knowledge Base Access Self-service portal offering documentation, FAQs, and best practices. |
My Oracle Support knowledge base provides articles, patches and FAQs. | |
Modeling Consultation Services Expert services to support complex risk model creation or validation. |
No information available | |
User Community Forum Access to discussion boards and communities of other platform users. |
No information available | |
Service Level Agreement (SLA) Response Time Guaranteed initial response time for critical incidents. |
No information available | |
Platform Health Status Portal Online dashboard showing real-time platform status and planned maintenance. |
No information available | |
Regular Platform Updates Frequency of regular updates or new feature releases (e.g., monthly). |
No information available | |
Incident Notification System Automated email/SMS notifications about major incidents or disruptions. |
No information available | |
User Training Certification Official certification programs for trained users. |
No information available | |
Multilingual Support Support team offers assistance in multiple languages. |
No information available | |
Custom Enhancement Requests Ability to submit and track custom feature or integration requests. |
No information available |
Transparent Pricing Model Clear and upfront cost structure (e.g., per user, per model run, or flat fee). |
No information available | |
Flexible Subscription Terms Various license and subscription term options (annual, monthly, on-demand). |
No information available | |
Pay-as-you-go Pricing Option Allows for usage-based charges with no long-term commitments. |
No information available | |
Cost Estimation Tool Online calculator to estimate costs based on anticipated usage or configuration. |
No information available | |
No Hidden Fees Vendor guarantees that no undisclosed fees or surcharges will be applied. |
No information available | |
Multi-Tier Licensing Offers various feature or capacity levels for different organization sizes. |
No information available | |
Optional Support Packages Additional premium support offerings available at extra cost. |
No information available | |
User License Cap Maximum number of active users allowed under standard license. |
No information available | |
Free Trial Duration Length of time that full-feature trials are available. |
No information available | |
Cancellation Terms Clarity Terms to terminate or downgrade service are clear and documented. |
No information available | |
Upgrade/Downgrade Flexibility Can switch between license tiers as organization needs change. |
No information available | |
Discounts for Multi-Year Agreements Reduced rates available for longer-term commitments. |
No information available | |
Nonprofit/Educational Discounts Special pricing for nonprofit or academic organizations. |
No information available |
Machine Learning Model Support Ability to incorporate and run ML models for risk predictions. |
Oracle Machine Learning algorithms (GLM, Random Forest, etc.) can be run on risk data. | |
Automated Data Preprocessing Data cleaning, normalization, and feature selection done with minimal manual intervention. |
Data Quality Management automates cleansing, normalisation and feature selection. | |
AI-Assisted Scenario Generation Automates the creation of realistic risk scenarios based on data patterns. |
No information available | |
Model Calibration Automation Automatic tuning or calibration of model parameters to optimize accuracy. |
No information available | |
Anomaly Detection AI-driven detection of unusual patterns or outlier risks in models or data. |
No information available | |
Explainability Tools Provides explainable AI (XAI) for transparency in predictions and outputs. |
No information available | |
Process Automation Automates recurring jobs such as regular model runs, reporting, and data updates. |
Oracle Enterprise Scheduler automates recurring model runs and report generation. | |
AI Model Library Access to a library of pre-trained AI/ML models for insurance applications. |
No information available | |
Natural Language Query Interface Users can ask questions in natural language for simple risk queries and reports. |
No information available | |
Auto-Generated Insights Automated insight and summary generation from modeling results. |
No information available | |
Prediction Confidence Scoring Provides confidence intervals or scores for automated predictions. |
No information available | |
Bias Detection in Models Automatically checks for and flags bias in risk models. |
No information available | |
Workflow Automation Builder Drag-and-drop tools for designing automated modeling and reporting workflows. |
No information available |
Applications that manage complex financial transactions between insurers and reinsurers, including premium payments, loss recoveries, and commissions.
More Reinsurance Accounting Solutions
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Premium Booking Ability to record and process ceded and assumed reinsurance premiums. |
Not as far as we are aware.* Oracle Financial Services Analytical Applications (OFSAA) focuses on risk analytics and management, not specifically reinsurance premium booking. | |
Loss Recovery Processing Processes recoveries from reinsurers for ceded losses. |
No information available | |
Commission Management Calculates, accrues, and manages different types of reinsurance commissions. |
No information available | |
Retrocession Transactions Supports booking and management of transactions with retrocessionaires. |
No information available | |
Batch Transaction Processing Processes high volumes of transactions in batch mode. |
OFSAA is designed for high-volume and batch data processing for complex analytics. | |
Transaction Reversal Allows reversing or correcting posted transactions. |
No information available | |
Currency Handling Supports multi-currency transactions and conversions. |
Multi-currency analytics and reporting are core to OFSAA’s international banking and insurance client base. | |
Automated Settlement Automates the settlement process for premium and claim payments. |
No information available | |
Unallocated Cash Processing Ability to manage receipts pending allocation to specific contracts or accounts. |
No information available | |
Capacity Maximum number of transactions processed per minute. |
No information available |
Contract Setup Wizard Guided process to create new contracts with all required parameters. |
No information available | |
Support for All Contract Types Handles facultative, treaty, proportional, and non-proportional contracts. |
No information available | |
Clause Management Captures and manages specific contract clauses and endorsements. |
No information available | |
Layered Structure Support Enables configuration of layered or multi-level treaties. |
No information available | |
Contract Versioning Tracks contract amendments and history over time. |
No information available | |
Attachment & Detachment Points Captures threshold and limit definitions for contracts. |
No information available | |
Automated Expiry Tracking Alerts on contract expiry or renewal deadlines. |
No information available | |
Counterparty Management Manages information and terms related to cedants, brokers, and reinsurers. |
No information available | |
Linked Contract References Ability to reference retrocession or related contracts. |
No information available | |
Contracts Supported Total number of concurrent contracts the system can manage. |
No information available |
APIs for Data Exchange Provides REST/SOAP APIs for smooth data interchange. |
OFSAA offers REST APIs and integration points as part of its data and analytics ecosystem. | |
Core System Integration Seamlessly connects with policy administration and claims systems. |
Oracle’s standard model is to integrate with core systems, including policy and claims admin, as part of typical deployments. | |
General Ledger Mapping Automates mapping of reinsurance transactions to general ledger accounts. |
General ledger/posting mapping is a standard feature for Oracle financial analytics platforms. | |
Broker System Compatibility Allows integration with broker portals and systems. |
Broker and third-party integration support is available through external adapters/standards. | |
Data Import/Export Enables bulk data upload and extraction in multiple formats (CSV, XML, JSON, etc). |
Bulk import/export in formats such as CSV/JSON/XML, required for large institution onboarding and analytics. | |
Real-Time Data Sync Supports real-time synchronization with other financial and operational systems. |
Emphasis on real-time data aggregation and analytics for large global banking and insurance operations. | |
Automated Data Validation Performs checks on data imports to detect errors and inconsistencies. |
OFSAA offers data validation and cleansing as part of data pipeline integration. | |
Document Management Integration Links documents, contracts, and correspondence with transactions. |
No information available | |
Third-party Data Feeds Imports market rates and external reference data automatically. |
Third-party feeds such as market rates, benchmarks, and indices are typically supported in enterprise analytics suites. | |
Integration Speed Average time to sync core data feeds. |
No information available |
Sub-ledger Accounting Maintains sub-ledgers for premiums, losses, commissions, etc. |
Accounting sub-ledgers supported as core function of Oracle’s broader financial suite. | |
Automated Accruals Automates calculation and posting of accruals for future obligations. |
No information available | |
Reconciliation Tools Enables reconciliation of system balances with external systems. |
OFSAA supports reconciliation and variance/audit reporting as part of its controls and compliance capabilities. | |
Standardized & Customizable Reporting Provides a library of standard reports and tools to build custom reports. |
Extensive standard and customizable reporting is a core function for analytics applications. | |
Financial Statement Generation Creates GAAP, IFRS, and statutory financial statements. |
Support for IFRS and GAAP financial reporting included in product documentation. | |
Aging Reports Tracks overdue balances for receivables and payables. |
Aging and exposure reporting functionality common in enterprise analytics/finance modules. | |
Audit Trail Captures a complete record of all accounting entries and modifications. |
Oracle solutions provide audit trails as standard for all critical financial processes. | |
Automated Journal Creation Automatically generates journal entries from transactions. |
No information available | |
Currency Translation Reporting Provides translated reports by currency for multi-national operations. |
Currency translation, FX revaluation, and multi-currency reporting included in documentation. | |
Report Generation Speed Average time to generate a standard accounting report. |
No information available |
Automated Claims Notification Notifies relevant parties when a claim is recoverable under reinsurance. |
No information available | |
Claim Recovery Calculation Automatically calculates recoverable amounts and shares by reinsurer. |
No information available | |
Large Loss Tracking Monitors high-value or CAT event claims and recovery status. |
No information available | |
Partial & Installment Settlements Handles claims settled in parts or through payment plans. |
No information available | |
Salvage and Subrogation Tracking Supports accounting for salvage and subrogation recoveries. |
No information available | |
Interest and Penalty Calculation Automatically calculates penalties or interest for late settlements. |
No information available | |
Subrogation Sharing Automatically shares subrogation recovery among participants. |
No information available | |
Event Aggregation Aggregates claims for event-based or CAT treaties. |
No information available | |
Claims Settlement Capacity Maximum number of claim settlements processed per hour. |
No information available | |
Disputed Claim Handling Manages workflows for claim disputes and negotiation with partners. |
No information available |
Role-Based Access Control Restricts access to functions and data by user role. |
Role-based access controls are a standard security feature in any Oracle enterprise software product. | |
Audit Logging Maintains detailed audit logs of all user and system actions. |
Activity/audit logging is standard across the Oracle product line. | |
Data Encryption Uses encryption for data at rest and in transit. |
Data encryption at rest and in transit is certified across Oracle Financial Services applications. | |
Regulatory Reporting Compliance Supports SFCR, NAIC, Solvency II, IFRS 17 and other reporting standards. |
Oracle advertises compliance with leading regulatory regimes as part of its solution. | |
User Authentication Methods Enables SSO, MFA, and other secure login technologies. |
SSO, MFA, and other authentication protocols supported via Oracle Identity/Access Management. | |
Data Masking Masks PII in screens and reports as required. |
PII masking is standard in Oracle analytics and reporting systems, for GDPR/CCPA support. | |
Automated Compliance Checks Performs ongoing compliance checks as per rules. |
Automated compliance checks/rule evaluation is part of OFSAA’s regulatory compliance tools. | |
Disaster Recovery Capabilities Supports high-availability and system failover. |
Oracle Cloud hosting/service-level options include automatic failover and disaster recovery. | |
GDPR/CCPA Support Includes tools to comply with data privacy laws. |
Compliance with GDPR/CCPA highlighted in product documentation. | |
Audit Retention Period Number of years audit logs are retained. |
No information available |
Automated Notification Engine Sends automated alerts/reminders to users for due actions. |
No information available | |
Custom Workflow Builder Allows customization and automation of common business processes. |
Workflow engines, including rule- and event-based automation, are part of the OFSAA ecosystem. | |
Task Assignment & Escalation Assigns tasks and auto-escalates uncompleted tasks. |
No information available | |
Bulk Action Processing Performs actions on groups of similar transactions at once. |
OFSAA supports bulk changes and processing as a core data management capability. | |
Template Library Provides standard templates for documents and emails. |
Templates for standard data and report generation are a default in OFSAA modules. | |
Business Rule Automation Automates steps based on user-defined rules. |
Business rule-driven automation for analytics/reporting is featured in OFSAA documentation. | |
Approval Routing Routes items for approval according to workflow maps. |
Approval routing/workflow mapping is mentioned in OFSAA integration materials. | |
Integration with Communication Tools Connects with email and chat for notifications and workflow actions. |
Email and communications tool integration is a standard feature for notifications and escalations. | |
Process Throughput Average number of workflow tasks completed per hour. |
No information available | |
Scheduled Task Automation Runs routine jobs (e.g., nightly settlements) based on schedules. |
OFSAA supports scheduled ETL/data processing and reporting. |
Dashboards Interactive dashboards for real-time monitoring of KPIs. |
Embedded dashboarding and KPI widgets are a central part of OFSAA's analytics. | |
Portfolio Performance Analytics Analyzes contract, treaty, or portfolio-level financial performance. |
Portfolio, contract, and risk performance analytics are highlighted in solution overviews. | |
Claims and Loss Analysis Generates insights on loss ratios, claim frequencies, severities, etc. |
Claims and loss metrics are calculable with advanced analytics and data ingestion features. | |
Counterparty Exposure Analysis Assesses exposure to reinsurers/retrocessionaires by metrics. |
Counterparty risk and exposure analytics featured in solution descriptions. | |
Predictive Modeling Supports predictive models (e.g., cash flow forecasts, reserve adequacy). |
Predictive analytics and forecasting are core capabilities of OFSAA. | |
Export to BI Tools Allows export of data to tools like Power BI, Tableau. |
Export to industry BI tools (Tableau, Power BI) is possible via standard export formats and connectors. | |
Scenario & What-If Analysis Enables modeling of alternative portfolio or treaty outcomes. |
What-if scenario modeling and advanced simulations detailed in Oracle white papers. | |
Automated Alerts on KPIs Creates configurable alerts on critical analytics metrics. |
Automated alerts (email, dashboard) on key metric thresholds are standard. | |
Drilldown Capabilities Provides detailed transaction-level drilldowns from dashboards. |
Drilldown from dashboards/reports to transaction level is available via UI. | |
Analytics Query Speed Response time for typical ad hoc analytics queries. |
No information available |
Modern User Interface Provides intuitive, clean, and responsive web-based UI. |
Oracle promotes modern, web-based UI in recent product collateral. | |
Customizable Dashboards Allows users to configure their homepage/widgets. |
Dashboards are customizable to the user, per product overviews. | |
Search and Retrieval Tools Advanced filters and queries for quick record retrieval. |
Advanced search and retrieval, including filtering, are described in product docs. | |
Contextual Help & Documentation Built-in help, wizards, and guidance for users. |
OFSAA features online help, documentation, and user guides integrated in the interface. | |
Accessibility Compliance Meets accessibility standards (WCAG, Section 508, etc.). |
Oracle invests in accessibility and compliance with WCAG/508; referenced in global rollout documentation. | |
Localization/Language Support Supports multiple languages and localizations. |
Documentation references multilingual/localization support for global clients. | |
Mobile Device Compatibility Optimized for use on tablets and smartphones. |
Responsive/mobile-friendly design mentioned for dashboards and key screens. | |
Personalized Settings Users can personalize notifications and data views. |
Personalized user settings, notifications, and layouts mentioned in UI specs. | |
Minimal Clicks Navigation Average number of clicks to complete a key task. |
No information available | |
Bulk Entry/Edit Tools Allows user to edit or add multiple records at once. |
Bulk entry/edit tools are available for large-scale data management needs. |
24/7 Support Availability Round-the-clock support for urgent issues. |
Oracle offers 24/7 premium/enterprise support plans; standard for mission-critical financial software. | |
Dedicated Account Manager Assigned manager for ongoing relationship and escalations. |
Dedicated Oracle account managers assigned to enterprise customers. | |
Implementation Services Vendor assistance for project implementation and migration. |
Implementation/migration services provided by Oracle or certified partners. | |
Training Resources Access to user guides, training materials, and webinars. |
Extensive official training, e-learning, and documentation resources available. | |
Regular Feature Updates Ongoing product enhancements and patching. |
Product roadmaps and updates are delivered consistently for all Oracle enterprise product lines. | |
User Community Forum Online forum for peer-to-peer support and idea sharing. |
Oracle hosts online communities and forums for users. | |
Service Level Agreements (SLAs) Formalized commitments to uptime and support response times. |
Oracle commits to SLAs for cloud and hosted deployments. | |
Customization Services Ability to deliver software customizations as per client needs. |
Custom implementation and development services are available via Oracle Consulting. | |
Customer Satisfaction Rating Average customer satisfaction score with vendor services. |
No information available | |
On-site Support Availability Can provide in-person, on-premise support as required. |
Onsite support services available to large/critical installations upon request. |
Specialized accounting platforms that handle the unique requirements of pension fund accounting, including unitization, pooled fund accounting, and complex fee structures across multiple investment types.
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Multi-currency Ledger Ability to maintain and report financial records in multiple currencies. |
No information available | |
Flexible Chart of Accounts Support for customizable account structures to accommodate various fund types and regulatory needs. |
No information available | |
Automated Journal Entries System automatically posts journal entries after transactions. |
Oracle Financial Services Analytical Applications (OFSAA) automates postings and ledger updates as part of its financial management functions. | |
Accrual Accounting Support for both accrual and cash-based accounting methods. |
Oracle documentation states support for both accrual and cash-based accounting in its financial suite. | |
Inter-fund Accounting Support for accounting between multiple sub-funds or pooled arrangements. |
Described as supporting complex fund structures, including sub-funds and pooled arrangements. | |
Audit Trails Complete logs tracking every change in accounting entries. |
Provides audit trails and full traceability of changes, validated in OFSAA's compliance modules. | |
Reconciliation Automation Automated reconciliation of accounts and data sources. |
Automated reconciliation functions highlighted in documentation and solution overviews. | |
Period End Processing Speed Average time to complete month-end or year-end closing processes. |
No information available | |
Batch Processing Ability to process large batches of transactions simultaneously. |
Batch and high-volume processing are standard features of the Oracle platform. | |
Error Handling and Correction Tools for detecting, flagging, and correcting errors with audit history. |
Oracle’s platform provides error detection, correction, and full logging. |
Automatic NAV Calculation System automatically calculates daily NAV per unit. |
No information available | |
Support for Multi-class Funds Supports NAV and unit valuation for funds with multiple share/unit classes. |
Oracle documentation highlights multi-class fund and sophisticated unit structures. | |
Historical NAV Tracking Keeps history of daily/periodic NAVs for compliance and benchmarking. |
No information available | |
Unit Allotment Automation Automatically allots units based on contributions and redemptions. |
No information available | |
NAV Calculation Speed Time taken to compute NAV for all funds per cycle. |
No information available | |
Dividend and Distribution Processing Automatic calculation and posting of dividends and capital gains to unit holders. |
No information available | |
Unit Pricing Adjustment Tools Facilities for adjusting NAV/unit price due to errors or revaluations with controls. |
No information available | |
Unit Transaction Limits Maximum unit transactions (subscriptions/redemptions) supported per day. |
No information available | |
NAV Error Detection Automated detection and notification of abnormal NAV movements. |
No information available | |
Unit Reconciliation Automatic matching of units record with underlying assets and transactions. |
No information available |
Multi-Asset Support Supports accounting for equities, fixed income, alternatives, real estate, derivatives, cash, and more. |
Supports multiple asset classes (equities, FI, derivatives, real estate, etc.), per platform capability statements. | |
Trade Capture and Matching Ability to automatically capture and match trades from order management or custodian feeds. |
Oracle integrates with order management/custodian feeds for trade matching. | |
Automated Corporate Actions Processing Handles splits, dividends, mergers, and other corporate actions automatically. |
Automated corporate actions are available and supported. | |
Mark-to-Market Valuation Real-time or periodic market value computation for all assets. |
Provides mark-to-market pricing and real-time/periodic valuation. | |
Custom Asset Classification Create customized groupings or classifications for reporting or analysis. |
Enables custom asset classification for flexible reporting. | |
Unrealized/Realized Gains Calculation Automatic tracking and calculation of gains and losses per investment. |
Tracks and distinguishes realized vs. unrealized gains. | |
Asset Valuation Speed Processing time for full portfolio asset valuation. |
No information available | |
Integration with Custodians/Market Data Direct connectivity for asset positions, trades, and prices. |
Direct integration features with custodians and market data providers are repeatedly described as part of the OFSAA solution. | |
Asset Holding Limit Maximum number of assets handled per legal entity. |
No information available | |
Shadow Accounting Ability to run parallel valuation/accounting versus external administrator or custodian records. |
OFSAA allows for shadow and parallel accounting, as stated in asset servicing solution sheets. |
Fee Rule Flexibility Configurable rules for multiple fee types (fixed, tiered, performance-linked, etc.). |
Described as having configurable and complex fee rule engines to address various fund needs. | |
Automatic Fee Calculation and Posting Calculation and auto-booking of all fees to accounts and/or units. |
Automatic calculation and booking of fees to accounts/units is a platform function. | |
Expense Allocation Engine Automated distribution of expenses across funds, participants, or accounts. |
Supports full expense allocation and bulk expense processing. | |
Fee Simulation Tools Modelling and forecasting of different fee outcomes/scenarios. |
No information available | |
Fee Processing Speed Average time to compute and book all fees for a processing cycle. |
No information available | |
Bulk Expense Upload Ability to import multiple expense items in one operation. |
Bulk upload and import for expenses are documented for OFSAA. | |
Audit of Fee Changes Full logging of any manual fee edits and reversals. |
Audit histories for fee changes are logged and tracked. | |
Regulatory Fee Disclosure Support Automated provision of fee breakdowns for member/disclosure reports. |
Automated support for regulatory fee breakdown and disclosure reporting. | |
Fee Cap Controls System enforces mandated caps on specific fee types. |
No information available | |
Fee Rebate Handling Automatic processing of rebates or discounts at account/unit level. |
No information available |
Contribution Allocation Automation Automatically allocates contributions to chosen funds or investment options. |
Automated contribution allocation is cited as a benefit for pension/retirement use cases. | |
Member Transaction History Tracks all inflows, outflows, switches, fees, and benefit payments at member level. |
Comprehensive member-level transaction and history tracking is a standard reporting feature. | |
Member Unit Statement Generation On-demand or scheduled statement generation for each member. |
Statement generation for members on-demand is supported for compliance and transparency. | |
Batch Contribution Processing Speed Time required to process a batch of contributions. |
No information available | |
Automated Contribution Validation System automatically checks for contribution limits and errors. |
Contribution validation, error checking, and alerts are built in. | |
Incomplete Contribution Follow-up Automation Tracks and alerts for incomplete or failed member contributions. |
OFSAA tracks and alerts for incomplete contributions, supporting follow-up workflows. | |
Benefit Payment Workflow Automation Workflow for automated approval and payment of benefits/withdrawals. |
Automated approval and payment workflows for benefits and withdrawals are included. | |
Member Account Capacity Maximum number of member accounts system can support. |
No information available | |
Portability & Rollovers Support for rollovers and transfers between pension schemes. |
Rollovers and transfer mechanisms between pension schemes are documented. | |
Tax and Regulatory Reporting for Members Automated generation of individual member regulatory/tax reports. |
Automated tax and regulatory reports are available for member accounting. |
Nested/Pooled Entity Structure Support Models and consolidates multi-level fund and pooled investment structures. |
Nested, multi-entity and pooled structures are supported in OFSAA for consolidated fund management. | |
Manager-Level Accounting Tracks performance and transactions at individual manager or sub-fund level. |
Capability to report and account at individual manager/sub-fund level is part of multi-manager features. | |
Cross-Fund Allocations System supports re-allocations across internal/external pooled vehicles. |
Supports cross-fund and vehicle allocations across products. | |
Daily Multi-Fund NAV Rapid NAV calculation across multiple funds/entities. |
Capable of daily multi-fund/entity NAV calculation. | |
Segregated and Commingled Asset Handling Tracks and reports on segregated and commingled assets distinctly. |
Systematically distinguishes and reports segregated/commingled assets. | |
Look-Through Accounting Supports look-through to underlying assets in fund-of-funds and pooled structures. |
Look-through accounting for fund-of-funds and multi-tier pooled structures is described. | |
Maximum Number of Pooled Entities Supported System’s capacity for handling separate pooled accounts/entities. |
No information available | |
Automatic Manager Report Consolidation Aggregates and produces consolidated reports at manager or pooled entity level. |
Consolidated reporting at manager or pooled entity level is automated. | |
Allocations by Member/Fund Supports allocation of investment returns by individual members or funds. |
No information available | |
Pooled Fund Fee Allocation System can allocate fees accurately in pooled/multi-manager structures. |
Fee allocation logic in pooled/multi-manager structures is supported. |
Automated Regulatory Filing Generates standard regulatory returns (e.g. 5500, SFTR, Solvency II) as per jurisdiction. |
OFSAA generates regulatory returns such as Solvency II, 5500 and other filings. | |
Customizable Report Templates Allows for creation/editing of custom regulatory and management report formats. |
Allows user-defined and custom report templates for regulatory and management purposes. | |
Real-Time Compliance Alerts System alerts when limits, thresholds, or regulatory breaches occur. |
Compliance alerts for breaches and limits are part of Oracle’s risk and compliance analytics. | |
Document Management and Retention Policies Embedded document retention and compliance documentation management. |
Document management and retention functionality integrated for evidence and compliance. | |
Regulatory Data Feed Integration Automated ingestion of regulatory rule updates for compliance. |
No information available | |
Audit Report Generation Speed Time to generate full audit and compliance report set. |
No information available | |
Multi-jurisdiction Support System supports regulations in multiple countries. |
Supports multiple regulatory regimes and multi-jurisdiction compliance. | |
Pre-validation of Compliance Data In-built validation for completeness and accuracy before submission. |
Compliance data validation and completeness checks are built in prior to submissions. | |
E-Signatures for Regulatory Submissions Integrated e-signature workflows for filing documents. |
No information available | |
Automated Regulatory Schedule Updates System auto-updates regulatory submission schedules and deadlines. |
Oracle’s platform supports automated regulatory submission calendars and reminders. |
Open API Support Availability of REST/SOAP APIs for real-time integration with external platforms. |
APIs and open integration layers (REST/SOAP) are advertised for Oracle Financial Services Analytical Applications. | |
Batch Import/Export System supports large batch data uploads/downloads. |
System designed for batch import/export and migration of large data sets. | |
Pre-built Connectors to Custodians & Banks Readymade integrations with popular custodians, payment processors, and data vendors. |
Pre-built integration and connectors exist for many banks, custodians, and payments partners. | |
Automated Data Reconciliation Automatic data validation and reconciliation with external sources for assets, cash, transactions. |
Automatic reconciliation with external sources is a highlighted capability. | |
Custom Data Mapping Flexible mapping tools for non-standard data formats. |
Custom data mapping and transformation are documented in integration modules. | |
Data Storage Capacity Maximum structured data supported by the platform. |
No information available | |
Real-time Data Sync Frequency Minimum interval for real-time system data updates. |
No information available | |
ETL (Extract, Transform, Load) Capabilities Full-fledged ETL functionality for mass data transformation/migration. |
ETL (Extract, Transform, Load) tools are integrated for Oracle platform-wide mass data work. | |
Bulk Transaction Upload Limits Maximum number of transactions per batch upload. |
No information available | |
Data Anonymization Tools Assists with GDPR/privacy compliance via anonymization. |
Data anonymization is present to support GDPR and privacy rules. |
Role-Based Access Controls Granular permissions and workflow routing by user roles. |
Granular permissions and workflows via role-based access controls are standard. | |
Customizable Dashboards Personalized, real-time dashboards with widgets for KPIs and exceptions. |
Customizable dashboards for KPIs, workflows, and exceptions are found across Oracle solutions. | |
Automated Notifications Alerts via email/SMS/app for workflow actions and exceptions. |
Alerts, notifications and workflow triggers are system options in OFSAA. | |
Mobile Access Support Responsive web or mobile app access for users. |
Oracle supports responsive web UI and/or mobile-friendly dashboards. | |
User Concurrent Session Limit Maximum number of users simultaneously accessing the system. |
No information available | |
Workflow Builder Tools Drag-and-drop or scriptable workflow automation tools. |
Workflow builders and visual process designers are included in Oracle's platform. | |
Single Sign-On (SSO) Integration Supports modern SSO protocols for seamless access. |
Single Sign-On (SSO) available for Oracle SaaS and cloud solutions. | |
Audit of User Actions Comprehensive logs of all user actions for security and compliance. |
User action logging and audit functionality available platform-wide. | |
Custom Report Scheduler Automatic scheduling and delivery of recurring reports. |
Customizable report scheduling and recurring delivery available in reporting modules. | |
Accessibility Compliance Adherence to web accessibility standards (e.g., WCAG, ADA). |
Oracle user interfaces are designed for accessibility compliance (WCAG, ADA). |
Data Encryption In-Transit and At-Rest Uses advanced encryption (e.g., AES-256) for all data. |
Oracle Cloud/Financial Services products employ AES-256 and similar advanced encryption protocols. | |
Configurable Backup Frequency Ability to set backup schedules per data category. |
Configurable, granular backup schedules and disaster recovery supported. | |
Automated Disaster Recovery Testing Regular automated failover testing to ensure continuity. |
Automated DR testing is available in Oracle cloud offerings and cited in FS documentation. | |
Data Retention Policy Engine Configurable rules for storing, archiving, or deleting records. |
Configurable retention policies and automated purging/archival are platform features. | |
Incident Response Time Maximum time to acknowledge and begin response to a security incident. |
No information available | |
Uptime SLA Guarantee Guaranteed system uptime percentage per annum. |
No information available | |
Failover Recovery Time Objective (RTO) Maximum expected downtime before full system recovery. |
No information available | |
Vulnerability Scanning Automated scheduled scans for system vulnerabilities. |
Regular vulnerability scanning is implemented in Oracle managed solutions. | |
Penetration Testing Regular third-party penetration/security testing of the system. |
Penetration testing performed as part of Oracle's cloud and regulated industry compliance programs. | |
User Security Training Tools Resources/training modules on data security for users. |
Security and compliance user training modules are available for Oracle platform customers. |
Implementation Timeline Average time for full setup and data migration. |
No information available | |
Dedicated Account Manager Named support manager for each client. |
Account-specific support is included with enterprise licensing from Oracle. | |
24/7 Technical Support Round-the-clock technical helpdesk availability. |
24/7 technical support is a standard offering by Oracle for financial services customers. | |
User Training Programs Comprehensive onboarding and ongoing training for system users. |
Oracle provides comprehensive training and certification for all platform components. | |
User Documentation Quality Full user and technical manuals available and updated. |
Full documentation and developer resources publicly available and regularly updated. | |
Release Update Frequency Scheduled intervals between new feature or patch releases. |
No information available | |
System Customizability Degree to which processes, screens, and integrations can be customized. |
Extensive customizability is documented for process, reporting, and integration. | |
Size of Support Team Number of dedicated support professionals. |
No information available | |
Financial Health of Vendor Vendor’s Dun & Bradstreet or credit risk score. |
No information available | |
Client Retention Rate Percentage of clients retained over the last 3 years. |
No information available |
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