Advanced regulatory and statutory reporting functions, powerful analytics, configurable dashboards, and compliance workflows for insurance companies and retirement plans.
More about Vitech Systems Group
Software that prepares financial statements in accordance with statutory accounting principles required by insurance regulators.
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Multi-source Data Integration Ability to connect to and retrieve data from multiple systems (GL, subledgers, data warehouses, etc). |
Product site and documentation stress ability to integrate with GLs, subledgers, and external data warehouses as part of the data onboarding process. | |
Automated Data Mapping Supports automated mapping of source fields to statutory reporting schema. |
Automated mapping of source data fields to reporting schema is mentioned as a feature in statutory and regulatory reporting capabilities. | |
Real-time Data Sync The system can synchronize with source systems in real time. |
No information available | |
Custom Data Transformation Supports custom data transformation rules for preparing statutory reports. |
Configurable data transformation and mapping reported as available through the product's reporting pipeline. | |
Data Validation Rules Built-in or configurable rules for validating imported data. |
Configurable data validation rules reported as part of import automation and compliance workflows. | |
Bulk Data Upload Supports upload of high volume data sets efficiently. |
Bulk data upload for large data sets is referenced for handling high-volume insurance data and bulk updates. | |
Data Import Speed The speed at which the system imports data. |
No information available | |
Error Reporting & Logging Automated error logs and reporting for import failures. |
Error reporting and logging described as part of compliance audit and exception/validation framework. | |
Data Extraction Templates Pre-built templates for extracting statutory data. |
No information available | |
Manual Data Entry Interface Easy-to-use UI that allows override or entry of missing/adjustment data. |
Product documentation confirms a manual data entry interface for adjustments/overrides. | |
API Support Availability of APIs for automated integration with other platforms. |
RESTful API support referenced for platform integrations. |
Multi-regulatory Support System can produce reports for multiple regulatory jurisdictions. |
Multi-regulatory reporting (NAIC, IFRS, etc.) described in regulatory/statutory product overview. | |
Automated Regulatory Updates Automated updates and patches are provided for new statutory changes. |
Automated regulatory change updates referenced in compliance feature description. | |
Version Control Tracks which version of regulation is being applied to each report. |
Tracks regulatory version for reporting compliance - versioning mentioned as part of compliance workflow. | |
Regulatory Alerts Notifies users when statutory requirements change. |
No information available | |
Statutory Forms Library Prebuilt statutory forms for various jurisdictions (e.g., NAIC, Solvency II, IFRS 17). |
Statutory forms library available (mentions NAIC, IFRS, and others). | |
Change Log Tracking Maintains history of changes to compliance logic and reporting formats. |
No information available | |
Automated Rules Update Frequency How frequently the rules engine is updated. |
No information available | |
Audit Trail Comprehensive logging of data, changes, and user actions for audit purposes. |
Comprehensive audit trails described for both data, changes, and user actions. | |
Test Environment for Regulatory Changes Ability to test impact of new rules in a sandbox before production roll-out. |
No information available | |
Report Certification Workflow Supports certification, sign-off, and approval workflows for key reports. |
Certification workflow described (approvals, signoff for key statutory reports). |
Prebuilt Report Library Includes library of standard statutory reports for insurance. |
Library of standard statutory reports described (insurance, pension, etc). | |
Report Customization Tools Users can create or modify reports to fit specific needs. |
Users can create and customize reports and dashboards using the solution. | |
Ad-hoc Query Reporting Allows users to build custom reports on demand. |
Ad-hoc query/reporting engine referenced in analytics and reporting components. | |
Multi-format Export Supports exporting reports in various formats (PDF, XLSX, XBRL, XML, CSV). |
Export to PDF, Excel, and other formats supported per solution brochure. | |
Automated Scheduling Supports automated scheduling and recurring report generation. |
Automated report scheduling and recurring report functionality described. | |
Drill-down Analysis Interactive capabilities to view detailed data behind report figures. |
Interactive drill-down into report data referenced as part of analytics feature. | |
Multi-entity/Consolidated Reporting Ability to produce reports for multiple entities or consolidated group accounts. |
Multi-entity/consolidated reporting supported for group structures in insurance. | |
Data Annotations/Explanatory Notes Ability to add notes and comments to reports. |
Ability for annotations/notes in both dashboards and reports referenced. | |
Report Rendering Performance Speed of generating statutory and ad-hoc reports. |
No information available | |
Conditional Formatting Rules-based formatting for highlighting exceptions or key figures. |
No information available | |
E-filing Integration Direct transmission or integration with regulatory e-filing portals. |
Integration with e-filing portals described as available for regulatory agencies. |
Role-based Workflows Supports different approval and review steps based on user roles. |
Role-based workflow engine described, supporting approvals and review steps. | |
Task Assignment & Tracking Assigns responsibilities and tracks completion status of tasks. |
No information available | |
Automated Adjustments Processing Automated calculation and posting of statutory adjustments. |
No information available | |
Process Monitoring Dashboard Real-time dashboards to monitor process status and bottlenecks. |
No information available | |
Exception & Error Handling Automation Automated handling and escalation of process exceptions. |
No information available | |
Workflow Customization Allows custom steps and routing logic in processes. |
Workflow can be customized and configured for different statutory/reporting processes. | |
Automated Notifications Automated email or in-app alerts for pending actions. |
Automated email alerts for report approvals and pending tasks available. | |
Audit Trail on Workflow Actions Tracks all workflow actions for audit compliance. |
All workflow actions are audit-logged as per compliance feature descriptions. | |
Parallel Processing Capability Ability to run multiple workflows or steps in parallel. |
No information available | |
Workflow Template Library Pre-defined workflow templates for standard statutory reporting cycles. |
Predefined workflow templates provided for common statutory cycles. |
Multi-factor Authentication Supports two-factor or multi-factor authentication for user logins. |
Product supports SSO and multi-factor authentication per security features overview. | |
Role-based Access Control Fine-grained user permissions by role, department, or report type. |
Includes granular user role-level controls, as referenced in user management docs. | |
Data Encryption (at rest & in transit) All data is encrypted during storage and transfer. |
Product overview states all data encrypted in transit and at rest. | |
Single Sign-On (SSO) Supports integration with enterprise identity providers. |
Single sign-on with enterprise identity providers (SSO) is supported. | |
Audit Logging Logs all user actions for traceability. |
Comprehensive audit logging for user activity is mentioned. | |
Customizable Password Policies Allows enforcement of organization-wide password rules. |
No information available | |
User Activity Monitoring Continuous monitoring for unauthorized or anomalous activity. |
No information available | |
Data Masking & Redaction Sensitive fields can be masked or redacted based on user role. |
No information available | |
Access Control Change Log Historical record of role and access permission changes. |
No information available | |
Session Timeout Controls Configurable timeout for inactive user sessions. |
No information available |
Intuitive Dashboard User-friendly landing page with shortcuts to frequent actions. |
Modern dashboard UI and user experience highlighted on product website. | |
Personalized Views Users can customize their workspace and reporting views. |
Personalized dashboard views and reporting views available to users. | |
Multi-language Support System interface supports multiple languages. |
Multi-language support cited in technical documentation as available. | |
Collaboration Tools Comments, annotations, and chat for team communication. |
Collaboration tools (notes, comments, some chat features) mentioned for team use. | |
Mobile Accessibility Access system and reports via mobile web/app. |
No information available | |
Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1). |
No information available | |
Contextual Help On-screen guides and knowledge base links. |
On-screen help, tooltips, and links to knowledge base provided in UI. | |
Recent Activity Log Visual display of recent user and team actions. |
No information available | |
Template Saving Save report or workflow templates for reuse. |
No information available | |
Shortcuts & Favorites Mark and quickly access commonly used reports and tasks. |
No information available |
Full Data Lineage Trace the origin, transformation, and movement of data through the system. |
Product states ability to trace data from import to report, supporting full lineage. | |
Automated Account Reconciliation Systematic reconciliation of accounts needed for statutory reporting. |
Automated reconciliation for accounts and data used in statutory compliance described. | |
Reconciliation Exceptions Management Tracks, manages, and resolves reconciliation discrepancies. |
No information available | |
Pre-validation Checks Automated checks before report submission to catch inconsistencies. |
Pre-validation and automated data checks prior to report submission are described. | |
Integrated Control Framework Document and embed internal control procedures into workflows. |
No information available | |
Separation of Duties Enforcement Ensures that critical tasks cannot be performed by a single user. |
Segregation of duties and enforcement for critical workflows cited in compliance documentation. | |
Adjustment Approval Workflow Ensures statutory adjustments are documented and approved. |
Workflows ensure approval before adjustments finalize, as per statutory adjustment documentation. | |
Data Locking and Freezing Ability to lock data to prevent changes post-certification. |
No information available | |
Audit Reporting Produce detailed audit and controls compliance reports. |
Detailed audit and compliance reports can be generated, per product documentation. | |
Change Audit Metrics Measures and logs the frequency and impact of report/data changes. |
No information available |
Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
Large File Handling Ability to import, export, or process large statutory files. |
Large file upload/processing described as a key scalability and performance feature. | |
Peak Processing Speed Maximum processing speed under heavy load. |
No information available | |
Horizontal Scalability Ability to scale by adding more servers or instances. |
Described as cloud-native and able to scale horizontally for large insurers. | |
Disaster Recovery Time Objective Time to restore system after failure. |
No information available | |
Batch Processing Support Can process large data batches overnight or during scheduled windows. |
Batch data processing described for off-peak/reporting windows. | |
Archiving & Retention Policy Automated archiving for old statutory reports per policy. |
No information available | |
System Uptime SLA Guaranteed system availability per service contracts. |
No information available | |
Seamless Upgrades No service disruption during regular upgrades or patches. |
Described as offering seamless upgrades and patches without disruption in cloud/SaaS model. | |
Load Balancing Built-in mechanisms to distribute processing load. |
No information available |
Open API Availability Provides open APIs for custom integrations. |
Provides open APIs for integrations with third party and custom solutions. | |
Out-of-the-box ERP/GL connectors Comes with connectors for common ERPs and general ledger systems. |
Product site references out-of-the-box connectors for common ERP and GLs. | |
Third-party Application Integration Supports integration with external audit, actuarial, or analytics tools. |
Third-party audit, actuarial, and analytics integrations referenced. | |
Webhooks & Event Notifications Offers push notifications for events and status updates. |
No information available | |
Add-on Marketplace Ecosystem for certified add-ons or extensions. |
No information available | |
Data Export Flexibility Exports data in various open standard formats. |
Supports data export in PDF, Excel, CSV, XML, other open formats. | |
Plugin/Module Support Can add new modules, plugins, or functions. |
No information available | |
Scripting/Custom Logic Custom scripts or logic can be introduced for bespoke needs. |
No information available | |
Custom Workflow Integration Embed workflows from or to other software solutions. |
No information available | |
Legacy System Support Ability to interface with legacy data sources or applications. |
No information available |
24/7 Support Availability Global support offered around the clock. |
24/7 global support referenced in Vitech's standard support model. | |
Dedicated Account Manager Assigned support resource for customer relationship. |
Dedicated customer success/account managers referenced in support section. | |
Onboarding & Training Programs Comprehensive onboarding, tutorial, and certification paths. |
Structured onboarding, documentation, and user training available for new customers. | |
Detailed Documentation & Knowledge Base Extensive product docs and searchable help articles. |
Detailed product documentation and searchable knowledge base referenced. | |
Community & User Group Access Active user forums and best practice sharing. |
User group, forums, and community resources described for V3locity ecosystem. | |
Customer Feedback & Roadmap Transparency Customers can submit feedback and review product roadmap. |
Feedback portal and published roadmap transparency available to customers. | |
SLAs for Support Response Service level commitments for response and resolution times. |
SLAs for support response and issue resolution are part of enterprise offering. | |
Compliance Certifications (SOC, ISO, etc.) Proof of security, reliability, and privacy standards compliance. |
Vitech/V3locity reference industry security certifications (e.g., SOC2, ISO 27001). | |
Customizable Support Packages Ability to choose support tier and channel. |
Support packages (standard, premium etc.) referenced as available options. | |
Disaster Recovery Support Vendor-managed recovery procedures in the event of data loss/outage. |
Disaster recovery solution fully managed for production environments. |
Transparent Pricing Structure No hidden costs—clear pricing per user, entity, or transaction. |
Pricing structure is listed as transparent, with client-specific pricing per documentation. | |
Flexible Licensing Options Subscription, perpetual, and enterprise agreements supported. |
Flexible licensing, including subscription and enterprise agreements, cited. | |
Pay-as-you-go Usage Option to pay only for what is consumed (by volume/users/reports). |
No information available | |
Scalable Pricing Model Pricing scales reasonably with increased use or data. |
Pricing model designed to scale for enterprise clients as they grow. | |
Free Trial / Proof of Concept Free eval or pilot phase offered before purchase. |
Free trials and PoCs mentioned as available by request for qualified clients. | |
Total Cost of Ownership Estimator Tool to estimate five-year total cost with all required services. |
No information available | |
Unlimited User Option Flat-fee plan available for unlimited users. |
No information available | |
No Extra Fee for Regulatory Updates Core statutory update costs included in base price. |
No information available | |
Cost Predictability Ability to forecast yearly costs accurately. |
Product offering includes predictability and estimation for annual costs. | |
Budgeting & Cost Allocation Tools Built-in features to allocate and track system costs by department/entity. |
No information available |
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