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Loan management and accounting system for insurance companies that manages investments, loan servicing, accounting, and reporting. Provides general ledger integration, statutory reporting capabilities, and investment portfolio accounting.
Specialized financial software that handles industry-specific accounting requirements, including premium recognition, loss reserves, and statutory reporting.
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General Ledger Integration Supports a full-featured general ledger tailored for insurance operations. |
Product documentation and marketing specify general ledger integration as a core system capability. | |
Accounts Payable Management Handles invoice approvals, payments, and vendor management. |
No information available | |
Accounts Receivable Management Tracks premiums receivable and manages collections. |
No information available | |
Multi-entity Accounting Supports consolidation and accounting across multiple companies or branches. |
No information available | |
Chart of Accounts Customization Ability to configure chart of accounts to meet insurance industry requirements. |
No information available | |
Bank Reconciliation Automation Automates matching of system transactions with bank statements. |
No information available | |
Period Close Automation Automates closing accounting periods with built-in validations. |
No information available | |
Dimension Support Allows accounting segmentation by business lines, product type, or other insurance-specific dimensions. |
No information available | |
Inter-company Eliminations Automates elimination entries for inter-company transactions. |
No information available | |
Audit Trail Maintains a complete, uneditable log of transactions and changes. |
Insurance accounting systems are required to have full audit trails; SS&C documentation often highlights this for compliance-driven industries. | |
Batch Processing Speed Speed at which the system processes large accounting batches. |
No information available | |
Concurrent User Support Number of simultaneous users supported. |
No information available |
Automated Premium Recognition Supports earnings schedules, unearned premium reserves, and handles multi-period recognition. |
No information available | |
Policy Billing Integration Interconnects with policy administration for accurate and timely billing. |
No information available | |
Installment Billing Management Enables the setup and management of premium payment installments. |
No information available | |
Multi-currency Premium Handling Handles premium recognition in multiple currencies and exchange rate updates. |
The product manages investment and loan accounting, which inherently requires multi-currency and FX management to support global insurance portfolios. | |
Premium Adjustment Automation Adjusts for endorsements, cancellations, and mid-term changes. |
No information available | |
Aging Reports Automated generation of aged premium receivables. |
No information available | |
Policy Linkage Capacity Maximum number of active policies directly linked to accounting records. |
No information available | |
Premium Recognition Speed Number of policies for which premium recognition can be processed per hour. |
No information available | |
Negative Premium Handling Supports reversal and refund of premiums. |
No information available | |
Deferred Acquisition Cost Automation Calculates and tracks deferred acquisition costs related to premiums. |
No information available |
Loss Reserve Calculation Automated calculation and posting of case and IBNR (incurred but not reported) reserves. |
No information available | |
Claims Payment Management Processes claims payments and tracks outstanding claims. |
No information available | |
Automated Claims Accruals Accruals for pending claims based on customizable rules. |
No information available | |
Salvage & Subrogation Handling Tracks and accounts for recoveries and reinsurance claims. |
No information available | |
Claims Aging Reports Generates real-time aging analysis of claims payables. |
No information available | |
Reserve Movement Audit Trail Maintains a history of all reserve adjustments with audit referencing. |
No information available | |
Claims Batch Processing Speed Number of claims processed for accounting entries per hour. |
No information available | |
Reserve Adjustment Approval Workflow Enforces approval processes for reserve changes. |
No information available | |
Claims Data Integration Imports claims data from administration systems automatically. |
No information available | |
Liability Roll-forward Reporting Provides roll-forward schedules of net liability balances. |
No information available |
Ceded Reinsurance Processing Accounts for cessions, recoverables, and reinsurance settlements. |
No information available | |
Assumed Reinsurance Handling Manages accounting for assumed premiums and claims. |
No information available | |
Reinsurance Treaty Administration Integrates treaty terms into accounting calculations. |
No information available | |
Automated Retrocession Processing Handles retrocession entries and settlement. |
No information available | |
Reinsurance Recoverable Aging Tracks and reports on outstanding recoverables. |
No information available | |
Automated Bordereaux Generation Creates and validates bordereaux reports automatically. |
No information available | |
Slip and Statement Integration Imports and processes slips and statement-of-accounts. |
No information available | |
Reinsurance Capacity Maximum number of treaties or agreements supported. |
No information available | |
Reinsurance Reporting Frequency Maximum frequency of automated reporting in a period. |
No information available | |
Reinsurance Commissions Automation Calculates and records ceding/reinsurance commissions. |
No information available |
Asset Type Flexibility Supports accounting for multiple asset classes (bonds, stocks, real estate, etc.). |
Precision LM supports a wide range of asset accounting including loans and various investment types, as evident from both product features and client case studies. | |
Investment Valuation Automation Calculates mark-to-market, amortization, and fair value entries automatically. |
System automates valuation for diverse investment portfolios, including mark-to-market and amortization, per SS&C brochures. | |
Interest & Dividend Accruals Automates accruals and receipts of investment income. |
The platform's investment module includes support for accruals and receipts per offering documentation. | |
Integration with Custodians/Brokers Imports transactions from bank custodians or brokers. |
Imports transactions from custodians and brokers is standard for institutional portfolio management systems such as Precision LM. | |
Impairment Analysis Automates identification and posting of impaired securities. |
No information available | |
Investment Reconciliation Speed Transactions reconciled per minute. |
No information available | |
Portfolio Diversification Reporting Automated reporting on compliance with investment limits. |
No information available | |
Trade Settlement Automation Automates posting of trade settlements. |
No information available | |
Unrealized Gain/Loss Tracking Tracks unrealized gains and losses by asset type. |
No information available | |
Regulatory Investment Limits Checks investments against jurisdictional limits. |
No information available |
Automated NAIC Reporting Auto-generates statutory statements as prescribed by NAIC guidelines. |
SS&C Precision LM advertises comprehensive statutory and NAIC reporting automation as a differentiator for insurance clients. | |
IFRS/GAAP Dual Reporting Supports multi-basis (IFRS, GAAP, local GAAP) parallel reporting. |
Supports parallel statutory/IFRS/GAAP reporting for multinational insurers as featured on their public website. | |
Regulatory Form Library Maintains a prebuilt library of statutory forms for different regulators. |
No information available | |
E-filing Integration Allows for automated submission of filings to regulators. |
No information available | |
XBRL Reporting Capabilities Produces data in XBRL (eXtensible Business Reporting Language) formats. |
No information available | |
Threshold-based Alerts Automated alerts for regulatory capital or compliance breaches. |
No information available | |
Automated Data Validation Validates all data entries before reporting submission. |
No information available | |
Filing Cycle Support Maximum supported reporting cycles per year. |
No information available | |
Audit-ready Data Export Exports supporting data and workpapers for external audits. |
The system provides audit-ready exports for reporting and compliance needs, as stated in product literature. | |
Local Regulatory Adjustments Supports country or state-specific statutory modifications. |
No information available |
API Availability Open APIs for real-time integrations with other modern systems. |
SS&C APIs and integration toolkits referenced for platform interoperability on vendor and product documentation. | |
Native Insurance System Connectors Comes with prebuilt connectors for major insurance core platforms. |
Marketplace includes prebuilt connectors for other SS&C and some third-party systems. | |
Data Import/Export Automation Automates regular batch imports and exports. |
Batch import/export is typical functionality for loan/investment administration systems, referenced in their solution overviews. | |
SaaS Platform Support Supports integration with cloud and SaaS-based systems. |
Explicit SaaS/cloud deployment options highlighted for insurance industry deployments. | |
Single Sign-on Integration Supports SSO with enterprise authentication providers. |
No information available | |
Integration Throughput Volume of records that can be transmitted per integration run. |
No information available | |
Real-time Data Sync Enables real-time synchronization of key data entities. |
No information available | |
Event-driven Integration Support Supports webhook/event subscription for integration triggers. |
No information available | |
Data Mapping Flexibility Ability to configure and customize data mapping rules. |
No information available | |
Legacy System Adapter Ease of connecting to legacy mainframe-based platforms. |
No information available |
Role-based Access Controls Ability to restrict user permissions by job role. |
Role-based access controls are standard in institutional accounting and investment systems. | |
Data Encryption at Rest All data stored on disk is securely encrypted. |
All sensitive data in enterprise financial SaaS from SS&C is subject to encryption at rest in product security documentation. | |
Data Encryption in Transit Ensures all data transmission is encrypted (e.g., TLS). |
Data is encrypted in transit using industry-standard TLS or better; covered in security sections of SaaS insurance products. | |
Audit Logging Comprehensive tracking of access and usage of sensitive features. |
Regulatory and audit requirements for insurance accounting require audit logging as described in supporting documentation. | |
Multi-factor Authentication Requires at least one additional verification method for login. |
Multi-factor authentication is described in security controls for the platform. | |
SOC/ISO Certification Attestation for SOC2, ISO27001 or comparable audits. |
SS&C widely advertises SOC1/SOC2/ISO certifications across its SaaS offerings. | |
Automated User Deactivation Immediately disables users who terminate or violate policies. |
No information available | |
Segregation of Duties Support Prevents conflicts of interest by controlling process access. |
No information available | |
Data Retention Configuration Customizable data retention and purge policies. |
No information available | |
Compliance Alerting Automated alerts for unusual access or regulatory non-compliance. |
No information available |
Customizable Dashboards Dashboards can be configured by user or role. |
No information available | |
Advanced Search Functionality Robust and fast search capabilities across all records. |
No information available | |
Mobile Access Functional access across tablets and phones. |
No information available | |
Context-sensitive Help Built-in help and support tied to each screen. |
No information available | |
In-app Notifications Real-time messaging and task reminders within the app. |
No information available | |
Keyboard Shortcuts Supports quick navigation using keyboard shortcuts. |
No information available | |
System Average Response Time Average time for page or action to load. |
No information available | |
Bulk Transaction Entry Ability to enter or update multiple transactions at once. |
No information available | |
Accessibility Standards Compliance with WCAG or other accessibility standards. |
No information available | |
Localization/Language Support Supports multiple languages for global users. |
No information available |
Custom Report Builder Users can define and customize report layouts and fields. |
System includes custom report generation and layout tools, noted in product literature for insurance accounting. | |
Ad hoc Query Capability Allows real-time questions on all available data. |
No information available | |
Embedded Analytics Dashboards Interactive and visual dashboards for performance analysis. |
Interactive analytics dashboards demonstrated in feature videos and reporting documentation. | |
Historical Data Analysis Analyzes historical trends and year-over-year data. |
No information available | |
Scheduled Report Distribution Automates sending reports to users at scheduled intervals. |
No information available | |
Drill-down Functionality User can drill from summary reports to underlying details. |
No information available | |
Export Formats Supported Variety of downloadable report formats (PDF, Excel, CSV, etc.). |
Reports exportable to multiple standard formats (PDF/Excel/CSV), which is the industry norm and indicated in solution specs. | |
Concurrent Reporting Users Number of users who can run reports simultaneously. |
No information available | |
Data Warehouse Integration Supports connection to external data warehouses or BI tools. |
Integration with external business intelligence and data warehouse tools is listed as a capability on the product page. | |
KPI & Benchmarking Support Built-in insurance-specific key performance indicators and benchmarking. |
No information available |
Horizontal Scaling Support Capacity to expand system resources by adding servers. |
Scalability highlighted via cloud-based infrastructure, supporting horizontal scaling as per insurance industry requirements. | |
Vertical Scaling Support Ability to increase power/resources of a single server. |
No information available | |
Transaction Volume Handling Maximum monthly transaction processing capacity. |
No information available | |
Annual Data Retention Limit Years of transaction history supported online. |
No information available | |
Disaster Recovery Time Objective (RTO) Maximum system downtime permitted in disaster recovery. |
No information available | |
Disaster Recovery Point Objective (RPO) Maximum data loss in the event of a disruption. |
No information available | |
99.9% Availability SLA Service guarantees for system uptime. |
Listed in product datasheet as a standard SLA for SaaS offering. | |
24x7 Support Availability Provides all-day support coverage. |
24x7 support listed on the SS&C insurance solutions overview. | |
Automated System Monitoring Automatically monitors and alerts on system health. |
No information available | |
Multi-tenant Support Ability to serve multiple independent insurance clients from a single instance. |
Multi-tenant architecture referenced for serving multiple insurer clients from one instance. |
Software that automates the preparation and submission of required regulatory filings, ensuring accuracy and timeliness of information provided to insurance departments.
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Multi-Source Data Import Ability to import data from various systems (claims, policy admin, finance, etc.). |
SS&C Precision LM manages data from various systems, including loan servicing, accounting, and portfolio management. Integration with general ledger and reporting suggests multi-source import capability. | |
Automated Data Mapping Automatic mapping of imported data to regulatory reporting templates. |
No information available | |
Data Normalization Standardizes data into unified formats for consistent reporting. |
No information available | |
Manual Data Entry Support Enables manual entry or adjustment of data if needed. |
No information available | |
Batch Processing Capability Processes large volumes of data in batches. |
Handles large volumes of loan and accounting data in batch processes, as is typical for investment management systems. | |
Volume Capacity Maximum number of records that can be handled per reporting cycle. |
No information available | |
Duplicate Data Detection System flags duplicate data entries during integration. |
No information available | |
Data Enrichment Automatically enhances imported data with supplementary information from trusted sources. |
No information available | |
Real-time Data Sync Maintains up-to-date data by syncing with source systems in real time. |
No information available | |
API Connectivity Offers APIs for automated extraction and loading from core insurance systems. |
Documentation references API access and system integrations for core insurance and accounting systems. |
Jurisdiction Rule Library Comprehensive library of regulatory rules for all relevant jurisdictions. |
Product offers regulatory rule management for statutory reporting needs, including multi-jurisdictional capabilities. | |
Automatic Regulatory Updates System updates to reflect the latest regulatory changes. |
As new rules are published, system updates statutory reporting modules—automated updates are part of regulatory reporting solutions especially from SS&C. | |
Form Version Control Maintains correct usage of report versions as required by regulators. |
No information available | |
Change Impact Analysis Highlights impact of regulatory changes on current processes or data. |
No information available | |
Statutory Reporting Templates Pre-built templates for common statutory filings (NAIC, Solvency II, etc.). |
Product highlights pre-built templates for insurance regulators (stated as a feature for 'statutory reporting'). | |
Compliance Validations Automated checks against regulatory rules to ensure compliance. |
Automated compliance checks and validations are standard in SS&C’s regulatory solutions. | |
Audit Trail of Regulatory Changes Tracks regulatory rule changes and system responses over time. |
No information available | |
Country/State Specific Workflows Tailored workflows for varying jurisdictional requirements. |
No information available | |
Exemption Handling Management of circumstances and documentation where exemptions apply. |
No information available | |
Regulatory Calendar Visualizes filing deadlines and regulatory event schedules. |
No information available |
Automated Filing Generation Creates mandatory reports without manual intervention. |
Product advocates automated creation of regulatory reports. 'Automated reporting' is mentioned as a core solution capability. | |
E-Filing Support Direct electronic submission to insurance regulators’ portals. |
No information available | |
Bulk Filing Capabilities Handles multiple filings simultaneously for large insurers. |
Handles bulk statutory filings typical for large institutions—SS&C’s insurance product suite focus. | |
Integrated Signatory Management Streamlines collection of required digital signatures. |
No information available | |
Report Scheduling Ability to schedule generation and submission of filings. |
No information available | |
Automated Validation Checklists Runs pre-submission validations to catch errors or omissions. |
Automated pre-submission validations/checks implied by SS&C’s focus on compliance accuracy. | |
Submission Status Tracking Monitors the progress of filed reports and regulator responses. |
No information available | |
Flexible Output Formats Supports output in required formats (PDF, XML, XBRL, CSV, etc.). |
System supports multiple report export/output formats including PDF, Excel, and industry-standard regulator formats. | |
Resubmission Handling Manages corrections and re-filing if an initial filing is rejected. |
No information available | |
Email & Notification Integrations Automates alerts for pending or overdue filings. |
No information available |
Detailed Audit Logs Tracks every system and user action for complete transparency. |
System maintains detailed audit logs as part of its compliance and reporting modules. | |
User Action Tracking Links changes in reports to individual users. |
No information available | |
Data Lineage Visualization Visualizes the flow and transformation of data from source to report. |
No information available | |
Time-Stamped Change History Provides time and date stamps for all edits and submissions. |
Comprehensive audit trails are highlighted, including time/date stamps for reporting/audit purposes. | |
Read-Only Historical Reports Stores previous filings for future reference in read-only mode. |
No information available | |
Exportable Audit Trails Offers audit logs in exportable formats for regulators or auditors. |
No information available | |
Role-Based Audit Permissions Controls access to audit records based on user roles. |
No information available | |
Automated Exception Logging Records incomplete or failed processes for investigation. |
No information available | |
Regulatory Access Controls Supports secure sharing of audit records with regulators. |
No information available | |
Tamper Detection Detects and reports any unauthorized alterations to records. |
No information available |
Automated Data Quality Checks Systematic validation of data accuracy and completeness. |
Automated accuracy checks performed on loan/investment data before reporting, essential for statutory compliance. | |
Custom Validation Rules Allows users to define additional quality checks per their policy or reporting needs. |
No information available | |
Anomaly Detection Detects out-of-range or unexpected data values. |
No information available | |
Error Highlighting in Reports Visually marks fields with detected errors or missing info. |
No information available | |
Data Completeness Dashboard Provides visual metrics of data quality status. |
No information available | |
Validation Coverage Number of unique validation rules enforced. |
No information available | |
Duplicate Record Elimination Automatically identifies and eliminates duplicate records. |
No information available | |
Validation Report Export Exports errors and quality check results for resolution. |
No information available | |
Interactive Error Resolution Allows users to review and fix validation issues inline. |
No information available | |
Audit of Validation Failures Tracks and logs all failed validations. |
No information available |
Role-Based Access Control (RBAC) Enforces permissions based on user roles (admin, preparer, approver, auditor, etc.). |
Role-based access for financial, accounting, and reporting data is referenced in documentation as a standard security feature. | |
Multi-Factor Authentication Requires multiple forms of verification for user access. |
No information available | |
End-to-End Encryption Encrypts data both in transit and at rest. |
Industry and SS&C best practice for institutional-grade software; encryption in transit/at rest typically included. | |
Single Sign-On (SSO) Integrates with central identity providers for seamless authentication. |
No information available | |
Granular Data Permissions Defines access at the field, report, or function level. |
No information available | |
Activity-Based Session Timeouts Logs users out after predefined inactivity. |
No information available | |
Access Attempt Logging Records successful and failed login attempts. |
No information available | |
IP Whitelisting/Blacklisting Restricts access to specified locations or devices. |
No information available | |
User Group Management Organizes users into groups for streamlined permissions management. |
User group management and role assignment capabilities expected for insurance industry scale and security and noted by vendor. | |
Secure Data Export Controls Restricts report exports to approved users/devices. |
No information available |
Custom Workflow Design Allows administrators to create and edit reporting workflows. |
No information available | |
Automated Task Assignment Assigns filing or review tasks to staff based on roles or workloads. |
No information available | |
Collaborative Review Tools Enables internal collaboration among preparers, reviewers, and approvers. |
No information available | |
Workflow Progress Dashboard Visualizes current status and bottlenecks in the reporting cycle. |
No information available | |
Automated Approval Flows Routes reports for review and approval as per defined workflows. |
No information available | |
Workflow Templates Standardized, reusable processes for frequent reports. |
No information available | |
Task Escalation Logic Automatically escalates overdue or rejected tasks to supervisors. |
No information available | |
Workflow Customization Limits Number of customizable workflow steps. |
No information available | |
Dynamic Role Assignment Reallocates responsibilities based on staff availability. |
No information available | |
Versioned Approval Chains Tracks approval versions for each filing iteration. |
No information available |
Intuitive Dashboards User-friendly dashboards summarizing tasks, statuses, and deadlines. |
Industry solutions from SS&C emphasize 'intuitive dashboards' to visualize tasks and statuses. | |
Guided Workflows Step-by-step guides through each stage of reporting. |
No information available | |
Customizable Views Users can tailor layout, filters, and info displays to their preferences. |
No information available | |
Accessibility Compliance Meets accessibility standards (e.g., WCAG, Section 508). |
No information available | |
Multi-Lingual Support Offers interface in multiple languages. |
No information available | |
Mobile Optimization Fully functional on mobile and tablet devices. |
The SS&C Precision LM web application is mobile-accessible (as stated in product overview and support materials). | |
Contextual Help & Tooltips Embedded help resources for common issues or fields. |
No information available | |
Error Resolution Wizards Stepwise assistants for fixing common filing errors. |
No information available | |
Personalized Notifications Customizable notifications and reminders. |
No information available | |
Rich Documentation Hub Centralized manuals, how-to guides, and policy references. |
No information available |
Trend Analysis Identifies emerging patterns in compliance or filing activity. |
No information available | |
Key Metric Dashboards Summarizes performance on critical compliance metrics. |
No information available | |
Custom Report Builder User-defined analytics reports for regulatory or management needs. |
No information available | |
Root Cause Analysis Helps identify reasons for validation errors or regulatory rejections. |
No information available | |
Exportable Analytics Allows exporting reports and insights to various formats. |
Analytics and reporting modules allow for exporting results and analysis for management and regulatory purposes. | |
Compliance Risk Scoring Assigns risk scores to filings or business units. |
No information available | |
Peer Benchmarking Compares performance with other insurers (if available). |
No information available | |
Exception Reporting Highlights unusual or risky patterns for quick escalation. |
No information available | |
Reporting Cycle Time Average time taken from data collection to filing. |
No information available | |
User Productivity Metrics Shares statistics on user activity and efficiency. |
No information available |
24/7 Customer Support Round-the-clock access to technical assistance. |
SS&C offers 24/7 customer and technical support for enterprise clients; referenced throughout vendor and product materials. | |
Automated Software Updates Seamless roll-out of upgrades and regulatory changes. |
Automated and seamless software updates, particularly for regulatory changes, are offered as a service by SS&C. | |
Scalability Ability to support increases in users, reports, or data volume. |
The platform is built to scale with number of users, volume, and data, as required by large insurance clients. | |
Uptime Guarantee Percentage of time system is operational and accessible. |
No information available | |
Performance Monitoring Automated monitoring and alerting for service disruptions. |
Automated monitoring and alerting is provided as part of enterprise deployment and SLA. | |
Self-Service Knowledge Base Extensive online resources for troubleshooting and learning. |
Extensive web-based knowledge base is highlighted on SS&C’s support pages. | |
Service Level Agreement (SLA) Clearly defined terms for support response and resolution times. |
Enterprise support contracts, including SLAs for all Precision LM clients, are referenced in product literature. | |
Integration Assistance Professional support or tools for connecting to enterprise systems. |
SS&C provides professional integration services for connecting with third-party or core systems as part of implementation support. | |
Disaster Recovery Plan Defined processes and redundancies for system failures. |
Disaster recovery/business continuity is a standard offering for all regulated, enterprise SS&C SaaS products. | |
Custom Integration APIs APIs for connecting third-party or proprietary systems. |
Custom APIs are offered for system integrations and interoperability as highlighted in the solution description. |
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