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V3locity from Vitech Systems Group

A cloud-native platform that supports pension administration, including calculations, payments, member self-service, workflow, document management, and reporting. Integrates with investment management systems and offers configuration tools for regulatory compliance.

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Product analysis by function

Pension Administration Systems for Pension and Investment Management

Software that manages participant records, benefit calculations, and regulatory compliance for corporate pension plans.
More Pension Administration Systems More Pension and Investment Management ...

Participant Data Management
(12 Yes /12 Known /12 Possible features)

Benefit Calculation & Modeling
(10 Yes /10 Known /11 Possible features)

Regulatory Compliance & Reporting
(8 Yes /8 Known /10 Possible features)

Payments & Disbursements
(10 Yes /10 Known /11 Possible features)

Investment Management Integration
(9 Yes /9 Known /11 Possible features)

Actuarial Integration & Valuation
(9 Yes /9 Known /10 Possible features)

Workflow & Case Management
(9 Yes /9 Known /10 Possible features)

Security & Access Management
(10 Yes /10 Known /11 Possible features)

Integration & Interoperability
(9 Yes /9 Known /10 Possible features)

Analytics & Business Intelligence
(8 Yes /8 Known /9 Possible features)

User Experience & Support
(8 Yes /8 Known /10 Possible features)

Pension Administration Systems for Member Administration

Core systems that manage member records, contribution processing, benefit calculations, and payment disbursements. These platforms handle complex calculations based on plan rules, service years, and benefit formulas.
More Pension Administration Systems More Member Administration ...

Member Data Management
(11 Yes /11 Known /12 Possible features)

Contribution Processing
(11 Yes /11 Known /12 Possible features)

Benefit Calculations
(11 Yes /11 Known /13 Possible features)

Benefit Payments
(11 Yes /11 Known /12 Possible features)

Self-Service Portal
(10 Yes /10 Known /13 Possible features)

Regulatory Compliance
(11 Yes /11 Known /12 Possible features)

Workflow and Process Management
(10 Yes /10 Known /12 Possible features)

Reporting and Analytics
(11 Yes /11 Known /13 Possible features)

System Integration
(10 Yes /10 Known /12 Possible features)

Security and Data Protection
(10 Yes /10 Known /13 Possible features)

Member Self-Service Portals for Member Administration

Digital platforms that allow pension plan participants to access their account information, update personal details, model retirement scenarios, and manage their benefits online. These portals typically include mobile applications for on-the-go access.
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User Experience & Interface
(8 Yes /8 Known /12 Possible features)

Account Management
(8 Yes /8 Known /12 Possible features)

Financial Information & Tools
(11 Yes /11 Known /13 Possible features)

Investment Management
(11 Yes /11 Known /13 Possible features)

Communication & Document Access
(10 Yes /10 Known /12 Possible features)

Claims & Benefits Processing
(11 Yes /11 Known /13 Possible features)

Service Credits & History
(8 Yes /8 Known /12 Possible features)

Education & Planning Resources
(11 Yes /11 Known /13 Possible features)

Security & Compliance
(8 Yes /8 Known /12 Possible features)

Integration & Technology
(9 Yes /9 Known /13 Possible features)

Benefit Calculation Engines for Member Administration

Specialized software that performs complex actuarial calculations for various benefit scenarios, including retirement, disability, survivor benefits, and pension transfers, ensuring compliance with plan rules and regulatory requirements.
More Benefit Calculation Engines More Member Administration ...

Core Calculation Functionality
(10 Yes /10 Known /12 Possible features)

Regulatory Compliance
(9 Yes /9 Known /11 Possible features)

Configuration and Flexibility
(9 Yes /9 Known /12 Possible features)

Integration Capabilities
(6 Yes /6 Known /12 Possible features)

User Experience
(9 Yes /9 Known /12 Possible features)

Data Quality and Management
(0 Yes /0 Known /12 Possible features)

Reporting and Analytics
(0 Yes /0 Known /12 Possible features)

Performance and Scalability
(0 Yes /0 Known /12 Possible features)

Security and Compliance
(0 Yes /0 Known /12 Possible features)

Support and Maintenance
(0 Yes /0 Known /12 Possible features)

Document Management Systems for Member Administration

Solutions for digitizing, storing, and retrieving pension-related documents such as enrollment forms, beneficiary designations, and compliance certifications, often including workflow automation for document processing.
More Document Management Systems More Member Administration ...

Document Capture and Processing
(4 Yes /4 Known /12 Possible features)

Document Storage and Management
(3 Yes /3 Known /13 Possible features)

Member-Centric Document Management
(4 Yes /4 Known /11 Possible features)

Search and Retrieval
(1 Yes /1 Known /12 Possible features)

Workflow and Automation
(3 Yes /3 Known /13 Possible features)

Compliance and Security
(4 Yes /4 Known /14 Possible features)

Integration Capabilities
(3 Yes /3 Known /13 Possible features)

User Experience
(4 Yes /4 Known /13 Possible features)

Reporting and Analytics
(1 Yes /1 Known /13 Possible features)

Scalability and Performance
(4 Yes /4 Known /13 Possible features)

Communication Management Platforms for Member Administration

Systems that manage member communications across multiple channels, including email, SMS, print, and digital portals. These platforms enable personalized messaging, automated notifications, and campaign management for retirement planning education.
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Member Interface & Accessibility
(9 Yes /9 Known /12 Possible features)

Communication Capabilities
(8 Yes /8 Known /13 Possible features)

Member Data Management
(8 Yes /8 Known /12 Possible features)

Workflow & Process Management
(9 Yes /9 Known /12 Possible features)

Reporting & Analytics
(9 Yes /9 Known /13 Possible features)

Integration Capabilities
(8 Yes /8 Known /12 Possible features)

Security & Compliance
(11 Yes /11 Known /13 Possible features)

Technical Performance
(5 Yes /5 Known /12 Possible features)

Support & Implementation
(0 Yes /0 Known /12 Possible features)

Cost & Contract
(0 Yes /0 Known /13 Possible features)

Pension Fund Accounting Systems for Financial Operations

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.
More Pension Fund Accounting Systems More Financial Operations ...

Core Accounting and General Ledger
(9 Yes /9 Known /10 Possible features)

Unitization and Net Asset Value (NAV) Calculation
(8 Yes /8 Known /10 Possible features)

Investment and Asset Accounting
(8 Yes /8 Known /10 Possible features)

Fee Administration and Expense Processing
(9 Yes /9 Known /10 Possible features)

Member Accounting & Contributions Management
(8 Yes /8 Known /10 Possible features)

Pooled Fund and Multi-Manager Support
(9 Yes /9 Known /10 Possible features)

Regulatory Compliance and Reporting
(9 Yes /9 Known /10 Possible features)

System Integration and Data Management
(7 Yes /7 Known /10 Possible features)

User Experience and Workflow Automation
(8 Yes /8 Known /10 Possible features)

Data Security, Backup, and Disaster Recovery
(7 Yes /7 Known /10 Possible features)

Implementation, Support, and Vendor Stability
(5 Yes /5 Known /10 Possible features)

Compare

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Member Record Creation Ability to create and store individual pension participant profiles.		V3locity supports the creation and storage of member profiles as a core pension administration system.
Data Validation Rules Enforcement of data integrity through required fields and format checks.		Platform includes configurable validation rules for participant data to ensure integrity.
Bulk Data Upload Allows upload of multiple participant records via files (e.g., CSV, Excel).		Bulk upload via CSV/Excel is called out as a feature for onboarding and processing.
Data Change Audit Trail Logs of all edits, deletions, and creations of records.		Audit trails for all changes are described in V3locity's documentation for compliance and administration.
Document Storage Capability to attach and store participant documents (IDs, forms).		Document storage, including ID and forms, is a documented core V3locity feature.
Data Encryption at Rest Participant data is encrypted on storage media.		V3locity is described as compliant with security and privacy standards, implying data encryption at rest.
Automated Duplicate Detection Automatic identification and alert for duplicate records.		The system advertises duplicate detection features as part of its data integrity tools.
Flexible Data Fields Customizable fields for additional participant data.		V3locity allows custom data fields per client requirements, as described under configuration.
Self-Service Portal Participants can access and update their own information.		Member self-service portal is a hallmark feature; participants can access/update their information.
Annual Statement Generation Automatically generate and distribute annual account summaries.		Automatic annual statement generation/distribution is specified in product overviews.
Data Export/Import Ability to export and import participant data in multiple formats.		Data can be exported/imported in mulitple formats (CSV, Excel, etc.).
Data Retention Policy Support Implement configured rules for retention and deletion of records.		V3locity supports record retention rules for compliance.

Defined Benefit Plan Support System supports calculation of defined benefit (DB) pensions.		Defined Benefit (DB) plan calculations are core offering.
Defined Contribution Plan Support System supports tracking and calculation of defined contribution (DC) plans.		Defined Contribution (DC) plan support is specified in platform documentation.
Projection Tools Allows users to model future benefits under various scenarios.		Projection and modeling tools are highlighted for scenario planning.
Early Retirement Factors Calculates early or late retirement benefits according to plan rules.		Handles early/late retirement scenarios based on complex plan rules.
Multiple Formula Support Handles various calculation formulas for different groups or plans.		Supports multiple custom benefit formulas per client/plan.
Supplementary Benefit Support Calculates optional credits, top-ups, or annuity add-ons.		Optional top-ups and annuity add-ons can be managed in plan configuration.
Benefits Estimator for Participants Self-service benefit estimation tool for participants.		Participants have self-service estimator tools.
Multi-Currency Calculations Performs calculations in various currencies as required.		Multi-currency support available for global/multinational clients.
Recalculation Triggers Automatic recalculation when relevant data changes (e.g., salary updates).		Calculations update automatically when underlying data changes, per workflow documentation.
What-if Analysis Runs multiple scenarios to forecast benefit outcomes.		What-if scenario analysis is a core product capability.
Speed of Calculation Time taken to perform a standard benefit calculation.		No information available

Automated Regulatory Updates Regular updates to rules/logic reflecting new or updated regulations.		Automated regulatory update tools are included for maintaining compliance.
Statutory Report Generation Generation of legally required reports (e.g., 5500, SFAS disclosures).		Statutory/regulatory reports (e.g., 5500) generated as required for compliance.
Electronic Filing Integration Ability to file reports electronically with regulators.		Electronic filing integration is supported for regulatory purposes.
Tax Calculation Engine Accurate handling of taxes on contributions and disbursements.		Tax calculation logic is core for pension/payment administration.
Compliance Alerts Notifies staff when regulatory deadlines or data discrepancies occur.		Compliance alerts/notifications are part of V3locity's controls.
Audit Trail for Compliance Actions Records all compliance-related actions and changes.		All compliance-related actions are recorded in audit trails.
Documented Regulation Mapping Clear mapping between system controls and legal requirements.		No information available
Plan Document Management Stores historical and current plan documents for reference.		Plan document management is described as a standard feature.
Role-based Data Controls Manages who can access, modify, or report on sensitive data.		Role-based access to sensitive data is included per product literature.
Time to Generate Standard Report Typical time to run and export a regulatory report.		No information available

Automated Payment Scheduling Ability to set up recurring and one-time payments.		Recurring/one-time payment scheduling is standard in pension admin modules.
Direct Deposit Integration Transfers funds directly to participant bank accounts.		Direct deposit/ACH integration is highlighted for payments to banks.
Check Printing Capability Generates and prints paper checks for disbursement.		System is equipped to generate and print checks when direct deposit not used.
Multi-batch Processing Handles multiple payment batches concurrently.		Can process multiple payment batches per documentation.
Payment Status Tracking Monitors payment statuses and failures.		Detailed status tracking for each payment is part of workflow monitoring.
Tax Withholding Calculations Automatic deduction and remittance of taxes.		Automatic tax withholding and remittance capabilities exist per payment module docs.
Payment Notification Emails Notifies recipients of incoming payments or issues.		Email notifications sent regarding payment/disbursement status to participants.
Suspense Account Handling Manages undeliverable payments & remediates issues.		Suspense account and issue remediation workflows are implemented.
Disbursement Approval Workflow Multi-level approval before releasing payments.		Multi-step approval workflows for payments are available (as part of case/workflow module).
Manual Payment Override Allows authorized users to override or reissue payments.		Manual payment overrides by authorized users described in operation/exception handling.
Maximum Batches per Day Number of payment batches handled in a day.		No information available

Custodian Integration Connects directly to asset custodian banks/platforms.		Direct integration with custodian banks/investment platforms is part of investment management integration.
Automated NAV Updates Fetches net asset values and updates position valuations automatically.		Net asset value updates and investment position valuations can be automated.
Portfolio Allocation Engine Allows assignment and rebalancing of participant investments.		Portfolio allocation and rebalancing tools are part of investment module.
Investment Switching Support Supports participants moving funds between investment options.		Supports investment switching/fund transfers as standard functionality.
Performance Reporting Provides detailed investment return and risk analytics.		Investment performance and risk reporting is available.
Trade Order Routing Routes contribution and withdrawal orders to investment platforms.		Trade routing for contributions/withdrawals to external investment platforms is supported.
Real-Time Data Feeds Displays up-to-date investment valuations.		Real-time investment data feeds are available for valuations.
Automatic Dividend Reinvestment Reinvests dividends/distributions automatically.		Automatic dividend/distribution reinvestment is supported by system processes.
Multi-Asset Class Support Manages equity, fixed income, cash, and alternative allocations.		System can administer multiple asset classes including equity, bonds, cash, alternatives.
ESG/Custom Filters Allows filtering or tagging for responsible investment mandates.		No information available
Max Allocation Options Supported Number of investment options the platform can handle.		No information available

Data Export for Actuarial Valuations Standard interface to export required data for actuaries.		Interfaces for exporting actuarial required data are referenced.
Mortality Table Libraries Built-in or customizable mortality and demographic tables.		Mortality and actuarial assumption tables are configurable/importable per actuarial integration.
Assumption Management Tools Manage and update economic/demographic assumptions.		System allows management of economic/demographic assumptions for actuarial purposes.
Internal Valuation Engine Calculates liabilities and required contributions internally.		Internal calculation engine for actuarial valuations is present.
Scenario Stress Testing Run ‘what if’ scenarios against actuarial assumptions.		Scenario/stress testing support included with actuarial modeling.
Funding Ratio Calculation Calculates and displays funded status of the plan.		System provides ongoing funded status (funding ratio) reporting.
Validation vs. Actuarial Reports Analytics to reconcile internal and actuarial outputs.		System supports reconciliation and validation against actuarial reports.
GASB/IFRS/US GAAP Support Compliant with major pension valuation reporting standards.		Supports GASB/IFRS/US GAAP reporting standards.
Valuation History Storage Archive of historical valuations and assumptions.		Archive/history of valuations and plan assumptions maintained.
Max Supported Actuarial Scenarios Number of assumption scenarios that can be supported in modeling.		No information available

Custom Workflow Designer Visual or logic-based workflows for business processes.		Custom workflow design and automation supported as a configuration tool.
Case Tracking Assign, track, and escalate participant cases or requests.		Participant/service requests can be tracked and managed as cases.
Alerts & Notifications Sends real-time alerts on workflow events and deadlines.		Alert/notification engine for workflow-related deadlines included.
SLA Monitoring Tracks and enforces service level agreements for request fulfillment.		SLA (Service Level Agreement) monitoring available in workflow module.
Document Workflow Integrates document approval, review, and archival.		Document workflow (approval, archiving) capabilities are included.
Task Assignment Rules Route cases or tasks to specific teams or users automatically.		Rules engine for task/case assignments per documentation.
Role-Based Access Control Workflow and tasks access restricted by user roles.		Role-based workflow and task access control described in docs.
Process Analytics Metrics and analytics on workflow efficiency and processing times.		Process analytics for workflow management/optimization advertised in product.
Parallel & Sequential Processes Supports multiple process routing methods.		Supports both parallel and sequential process routing as part of workflow customization.
Average Case Resolution Time Mean time to handle a standard participant case.		No information available

Multi-factor Authentication Requires an additional verification step for user login.		Multi-factor authentication is highlighted under platform security.
Single Sign-on (SSO) Support Integrates with corporate SSO solutions (e.g., Okta, Azure AD).		Single sign-on (SSO) through integration with Okta, AzureAD, etc.
Granular Permission Management Highly specific permissions for user roles and groups.		Granular permission settings available for user access/roles.
Audit Logs and Monitoring Comprehensive logging of logins, actions, and data changes.		Comprehensive audit logging and monitoring are part of compliance toolset.
Data Encryption in Transit Encrypts all data exchanged with the system.		Data in transit is encrypted via HTTPS, per security presentation.
Intrusion Detection Integration Connects to SIEM and intrusion detection/prevention tools.		Supports integration with SIEM/intrusion detection tools (compliance offering).
Field-level Security Can mask or hide sensitive personal information.		Field masking, redaction, and restrictions are available for sensitive personal info.
Automated Session Timeout Sessions end automatically after a period of inactivity.		Session timeout/auto-logout settings configurable per client policy.
IP Whitelisting/Blacklisting Restricts or blocks access by IP address.		No information available
Security Certification Compliance Certified against SOC 2, ISO 27001, etc.		Described as SOC 2 and/or ISO-27001 compliant; certifications listed.
Password Policy Enforcement Enforces complexity, rotation, and reuse controls.		Configurable enforcement of password policies per security documentation.

API Availability Supports REST/SOAP APIs for real-time system interaction.		REST API and real-time integrations supported through platform API gateway.
Standard Data Formats Uses XML, JSON, CSV for data import/export and interoperability.		System supports standard data formats (XML, JSON, CSV).
Payroll System Integration Imports salary/contribution data from payroll systems.		Payroll system integrations available for salary and contribution data.
Active Directory Integration Synchronizes users and groups with directory services.		Supports Active Directory/O365 directory service integrations.
HRIS Integration Interacts with human resources information systems.		HRIS integrations (Workday, Oracle, SAP) referenced in integration documentation.
Batch File Processing Handles scheduled upload/download of files.		Batch file processing supported for scheduled/interchange file data flows.
Webhooks/Real-time Event Triggering Publishes system events to outside applications.		Webhooks and event-based triggers supported for real-time integration.
Bank Integration Direct integration for fund transfer and confirmation.		Supports direct bank integration for payment/fund confirmation.
Legacy System Data Migration Assisted migration and validation of historical records.		Data migration tools/services for legacy conversion are described in implementation guides.
Number of Supported Integrations Total unique, supported integration endpoints.		No information available

Custom Report Builder Users can build custom reports from system data.		End user/report designers can build ad-hoc/custom reports from all available data.
Interactive Dashboards Visual, interactive dashboards with drilldowns.		Interactive dashboards with drill-down and analysis tools referenced in analytics module.
Trend Analysis Identifies patterns and trends in plan participation, funding, etc.		Automated trend and analytic insights are available for plan participation/funding/usage.
Scheduled Report Distribution Automatic report distribution to stakeholders.		Automated/scheduled report distribution is a supported feature.
KPI Tracking Automated calculation and monitoring of key performance indicators.		Key performance indicator reporting/monitoring is included in analytics.
Predictive Analytics Forecasts cash flows, demographics, or risk factors.		Predictive analytics and forecasting provided in advanced analytics module.
Data Visualization Tools Charts, graphs, and other visualization formats.		Data visualization (charts, graphs) included with analytics/reporting.
Export to BI Platforms Compatibility with Power BI, Tableau, etc.		Data export capability for Power BI/Tableau and other BI platforms is available.
Time to Generate Dashboard Average time to build and load a dashboard.		No information available

Responsive Web Design Accessible and usable on desktop, tablet, and mobile devices.		Browser-based UI is responsive and mobile compatible.
Contextual Help Help or tooltips provided throughout the UI.		Contextual help and in-app tooltips are referenced under user support.
Multi-language Support System can operate in multiple user-selectable languages.		Multi-language UI options available for international deployments.
Accessibility Compliance Compliant with WCAG/ADA accessibility standards.		Accessibility (WCAG/ADA) compliance listed in public documentation.
User Training Resources Access to guides, videos, and documentation.		Library of user guides and training videos is available.
Service Desk Integration Integrated or linked to IT support ticketing systems.		Service desk integration with ticketing systems is possible.
Knowledge Base Online, searchable repository of FAQs and solutions.		A knowledge base and online support options are listed on the support portal.
In-app Guidance Step-by-step walk-throughs for processes.		In-app help/guidance workflows referenced in training documentation.
System Uptime SLA Guaranteed system availability.		No information available
Average Response Time for Support Time to first response from support for user queries.		No information available

Demographic Data Capture System can capture and maintain comprehensive member demographic information including name, contact details, date of birth, gender, etc.		V3locity supports comprehensive member data management as core functionality. Capture of demographics is a baseline capability for pension admin platforms.
Employment History Tracking Ability to maintain complete employment records including start dates, end dates, breaks in service, and multiple employment periods		Product description references tracking of member employment status/history.
Beneficiary Management Support for designating, updating and maintaining multiple beneficiaries with different allocation percentages		Multi-beneficiary management is standard for pension admin. V3locity specifically references beneficiary support.
Dependent Tracking Ability to record and track member dependents and their eligibility status		Dependent management is called out in Vitech’s standard capabilities for pension administration.
Document Management Integrated storage and retrieval of member-related documents such as enrollment forms, beneficiary designations, etc.		Integrated document management is a feature described on the vendor website for V3locity.
Address History Maintains historical addresses and contact information with effective dates		Address and contact history tracking is included as part of core data management functionality.
Data Validation Rules Configurable validation rules to ensure data integrity and accuracy		Configurable data validation rules are standard as part of workflows and integrity controls.
Duplicate Member Detection Automated detection of potential duplicate member records		Automated duplicate detection is standard for large, regulated member admin platforms, and is part of V3locity’s data hygiene toolset.
Member Status Tracking Tracks various member statuses (active, deferred, retired, deceased) with effective dates		Member statuses including active, deferred, retired, and deceased are native to V3locity’s design.
Bulk Data Update Capability Ability to update multiple member records simultaneously		Bulk update tools are described in whitepapers and RFI documentation for V3locity.
Data Import/Export Tools for importing and exporting member data in various formats		Import/export functions with support for various formats (CSV, Excel, etc.) are mentioned as standard.
Member Record Capacity Maximum number of member records the system can efficiently handle		No information available

Multi-Source Contributions Ability to process contributions from multiple sources (employer, employee, third-party)		V3locity supports multiple contribution sources as part of its multi-party contribution processing.
Contribution Rate Management Support for different contribution rates based on plan rules, member categories, or time periods		Contribution rate management and configurability are cited in technical overviews.
Contribution Limit Monitoring Automated tracking of annual contribution limits with alerts for potential exceeding of limits		Contribution limit checking, alerts and validation are called out as compliance requirements.
Arrears Management Tracking and management of missed contributions with interest calculations		Arrears management, including missed contributions and calculations, are supported.
Contribution Reconciliation Tools to match expected contributions against received amounts and highlight discrepancies		Reconciliation between expected/received contributions is a common workflow in V3locity.
Retroactive Contribution Processing Ability to process backdated contributions with appropriate interest adjustments		Retroactive (backdated) contribution processing appears in plan rule configuration and case studies.
Automatic Contribution Allocation Automatic allocation of contributions to appropriate investment options based on member elections		Automated allocation of contributions per member election is included in product documentation.
Contribution Processing Speed The volume of contribution transactions the system can process per hour		No information available
Batch Contribution Processing Support for processing contributions in batches from payroll or other systems		Batch processing from payroll/other systems is explicitly mentioned as a use case.
Contribution History Maintains detailed history of all contribution transactions with audit trail		Contribution transaction audit trails and histories are standard for compliance.
Voluntary Contribution Management Support for additional voluntary contributions beyond mandatory rates		Platform supports voluntary/extra contributions as part of member-initiated options.
Employer Matching Rules Configurable rules for employer matching contributions		Employer matching logic, configurable per plan, is supported.

Multiple Benefit Formula Support Ability to configure and apply different benefit calculation formulas based on plan type, member category, or time period		Multiple benefit formula support included as a quoted differentiator for V3locity.
Service Credit Calculations Accurate calculation of pensionable service including part-time adjustments, breaks in service, and purchased service		Service credit and break/purchase tracking are supported for pension calculations.
Final Average Earnings Calculations Configurable rules for determining final average earnings over specified periods		Rules for determining final average earnings are configurable per plan.
Early/Late Retirement Adjustments Automated adjustments for early or late retirement based on actuarial factors		Automated adjustments for early/late retirement are natively handled per plan rules.
Optional Form Calculations Calculation of benefit amounts under different payment options (e.g., joint and survivor, period certain)		Optional forms (joint/survivor, etc.) supported and configurable, per benefit calculation guides.
Benefit Projections Tools for projecting future benefits based on various assumptions		Benefit projection tools for members and staff are promoted as a major feature.
Cost-of-Living Adjustments Support for automatic cost-of-living adjustments to benefits based on configurable rules		Automatic COLA (cost-of-living adjustments) is featured in plan rule flexibility examples.
Maximum Benefit Limits Enforcement of statutory maximum benefit limits with appropriate adjustments		Maximum benefit limits can be enforced per regulatory and plan requirements.
Disability Benefit Calculations Specialized calculations for disability retirement benefits		Separate benefit calculation logic for disability is a documented supported use case.
Death Benefit Calculations Calculation of survivor benefits according to plan rules		Death/survivor benefit processing is referenced in product collateral.
Benefit Calculation Accuracy Precision of calculations to ensure accurate benefit amounts		No information available
Calculation Audit Trail Detailed record of calculation steps and inputs for audit purposes		Detailed calculation audit trail is a built-in for regulatory and claim dispute resolution.
Benefit Calculation Speed Time taken to process complex benefit calculations		No information available

Multiple Payment Methods Support for various payment methods including direct deposit, check, and international transfers		Supports direct deposit, check, international payments.
Payment Scheduling Configurable payment schedules (monthly, quarterly, annually, etc.)		Multiple payment schedule options are supported.
Tax Withholding Automated tax withholding calculations based on jurisdictional rules and member elections		Tax withholding handled automatically according to jurisdiction.
Lump Sum Payment Processing Support for one-time lump sum benefit payments with appropriate tax handling		Lump sum payments (on-demand or rules-based) are standard features.
Payment History Tracking Comprehensive history of all payments made to members with search and reporting capabilities		Payment history searches and reporting are included in product guides.
Bank Reconciliation Tools for reconciling payment records with bank transactions		Bank reconciliation tools referenced as a key integration point in product resources.
Overpayment Recovery Management of benefit overpayments including detection and recovery processes		Overpayment detection and recovery processes are standard for public pension administration platforms.
Payment Verification Automated verification procedures to confirm recipient eligibility before payment		Automated payment recipient verification is part of the anti-fraud and eligibility controls.
Third-Party Payments Support for directing portions of payments to third parties (e.g., insurance premiums, garnishments)		Supports third-party payment flows: garnishments, insurance, etc.
Payment Processing Capacity Maximum number of payments that can be processed in a single payment run		No information available
Payment Adjustment Tools Tools for making manual or automated adjustments to payment amounts		Manual and automated payment adjustment tools included in administrative interface.
Payment Forms Generation Automated generation of payment advices, tax forms, and other payment-related documents		Automated forms and statements, including tax forms, generated as standard for pension admin.

Retirement Readiness Score Personalized assessment of retirement preparedness		Portal provides a retirement readiness score and proactive alerts.
Educational Webinar Access Library of recorded and live webinars on retirement topics		Product documentation references recorded and live educational webinars.
Financial Wellness Assessment Comprehensive evaluation of overall financial health		Financial wellness evaluation tools included in member profile section.
Retirement Planning Courses Structured educational programs on retirement preparation		Online and remote-accessible planning courses/workshops are part of the core offering.
Social Security Integration Tools that incorporate Social Security benefits into retirement planning		Planning engine allows Social Security benefits integration.
Healthcare Cost Projections Estimates of healthcare expenses in retirement		Healthcare cost projection tools available for retirement planning.
Inflation Impact Calculator Tool showing how inflation affects retirement savings over time		Inflation and scenario calculators for impact on retirement.
Budget Planning Tools Resources for pre- and post-retirement budgeting		Budget planning tools for various life stages (working and retired).
Financial Advisor Connection Features to connect with financial advisors or counselors		Connects members with financial counselors.
Peer Comparison Tools Anonymous benchmarking against similar members' savings patterns		No information available
Retirement Lifestyle Planning Non-financial resources for planning retirement activities and lifestyle		Includes content for retirement lifestyle and life-planning.
Educational Content Library Size Number of articles, guides, and resources available		No information available
Event Registration Ability to register for retirement education events and workshops		Online registration for live and virtual events supported.

Member Personal Information Updates Ability for members to update their contact information, beneficiaries, and other personal details		Self-service personal information update by members is a highlighted self-service feature.
Benefit Estimator Tool Interactive tool allowing members to estimate future benefits under various scenarios		Interactive benefit estimator available to members online.
Document Upload/Download Capability for members to securely upload and download documents		Document upload/download functionality for members described as a core portal feature.
Statement Access Access to current and historical benefit statements online		Online statement access for both current and historical periods included.
Contribution History View Self-service access to view contribution history and details		Self-service contribution history view standard for member portals.
Electronic Forms Submission Ability to complete and submit forms electronically with digital signature capability		Electronic forms and e-signatures are referenced by the vendor (whitepapers and datasheets).
Secure Messaging Secure communication channel between members and pension administrators		Secure messaging between members and admin is a highlighted part of the user portal.
Mobile Device Compatibility Responsive design that works on various devices and screen sizes		Design responsive for mobile device compatibility as specified in the portal description.
Employer Contribution Submission Portal for employers to submit contribution data and payments electronically		Employer portal with capability for contribution data/payment submission is part of V3locity.
Retirement Application Processing Online tools for members to apply for retirement benefits		Online retirement application processing included as a member self-service function.
Portal Concurrent User Capacity Maximum number of simultaneous users the portal can support efficiently		No information available
Multi-Language Support Available languages in the self-service portal		No information available
Portal Uptime Percentage of time the portal is available and functioning correctly		No information available

Regulatory Reporting Tools Built-in support for generating required regulatory reports		Regulatory reporting toolkits featured for US and international pension compliance.
Legislative Updates Regular system updates to reflect changes in pension legislation		System is regularly updated for legislative changes (regulatory compliance focus).
Compliance Testing Automated testing for various compliance requirements such as non-discrimination testing		Compliance testing/validation framework referenced in compliance documentation.
Required Minimum Distribution Tracking Monitoring and enforcement of required minimum distributions at appropriate ages		Features for monitoring and enforcing RMDs (required minimum distributions) present for regulated retirement plans.
Tax Reporting Generation of tax forms and reports in compliance with tax authorities		Tax reporting supported for US and other jurisdictions; part of compliance suite.
Audit Trails Comprehensive audit trails for all system activities and changes		Comprehensive audit trails part of compliance and security features.
Data Retention Controls Tools for implementing data retention policies in compliance with regulations		Data retention/configuration controls described in IT security documentation.
Multi-Jurisdiction Support Support for varying rules across different jurisdictions		Multi-jurisdiction (state/provincial/country) support is featured for global clients.
Compliance Alert System Automated alerts for potential compliance issues or required actions		Automated compliance alerts included for events, limits, and regulatory deadlines.
GDPR/Privacy Compliance Features supporting data privacy regulations including right to be forgotten, data export, etc.		Features for GDPR/CCPA compliance, including privacy controls and data subject requests.
Regulatory Update Frequency Frequency of system updates to incorporate regulatory changes		No information available
Compliance Documentation Comprehensive documentation of system compliance features and controls		Vendor provides comprehensive compliance documentation as part of implementation/delivery.

Configurable Workflows Ability to configure automated workflows for common pension administration processes		Configurable, automated workflows are a widely advertised benefit of V3locity.
Task Assignment and Tracking Tools for assigning tasks to staff and tracking completion status		Task assignment and case management tools are built into the workflow engine.
Approval Hierarchies Configurable approval chains for transactions requiring multiple levels of review		Configurable approval hierarchies for transaction approval are in workflow options.
SLA Monitoring Tracking of service level agreements with alerts for approaching deadlines		SLA monitoring and alerting for service delivery referenced in admin tools.
Process Automation Automation of routine processes to reduce manual intervention		Automated process handling is core to V3locity’s cloud-native claims.
Exception Handling Structured processes for managing exceptions and special cases		Exception handling has explicit configuration and monitoring flows.
Parallel Processing Support for concurrent processing of workflow steps where appropriate		Parallel workflow step processing enabled in workflow designer.
Workload Balancing Tools for distributing work evenly among staff members		Workload balancing tools provided for automatic resource management.
Process Analytics Metrics and analytics on process efficiency and bottlenecks		Process analytics and bottleneck measurement included with admin performance dashboards.
Process Template Library Pre-built templates for common pension administration processes		No information available
Process Customization Depth Degree to which standard processes can be customized without programming		No information available
Workflow Visualization Graphical tools for designing and viewing process workflows		Graphical workflow visualizer is visible in product demos and screenshots.

Standard Report Library Pre-built reports covering common pension administration reporting needs		No information available
Custom Report Builder Tools allowing non-technical users to create custom reports		Custom report builder for end users is documented in product materials.
Data Visualization Tools Graphical presentation of data through charts, graphs, and dashboards		Integrated dashboards and chart generation included.
Scheduled Report Distribution Ability to schedule automatic generation and distribution of reports		Automated/scheduled report generation and distribution is a base capability.
Export Capabilities Support for exporting reports in various formats (PDF, Excel, CSV, etc.)		Reports exportable to PDF, Excel, CSV, and other standard formats.
Ad-hoc Query Tools Tools for performing on-demand data queries without programming		Ad-hoc query tools/filters are available for authorized users.
Historical Trend Analysis Features for analyzing data trends over time		Historical trending and analysis included in reporting suite.
Actuarial Data Extraction Specialized exports for actuarial valuations and analyses		Actuarial data extraction capabilities mentioned as an output format.
Performance Metrics Dashboard Real-time dashboards showing key performance indicators		Real-time dashboards showing KPIs are shown in vendor demos and case studies.
Member Population Analytics Demographic analysis of the member population		Demographic and analytic reporting on member populations referenced for actuaries/admins.
Report Processing Speed Time taken to generate complex reports with large data sets		No information available
Drill-Down Capabilities Ability to navigate from summary data to supporting details		Drill-down from summary to details in dashboards and reporting modules available.
Data Warehouse Integration Integration with external data warehouses or business intelligence tools		Integration with external BI/data warehouse tools described, including for MS Power BI.

API Availability Comprehensive APIs for integration with external systems		Comprehensive APIs, RESTful standards, detailed on vendor API portal.
Payroll System Integration Built-in connectors for common payroll systems		Payroll system connectors are among V3locity’s base packaged integrations.
General Ledger Integration Automated integration with accounting systems		General ledger/accounting integration is available via standard or custom connectors.
Banking System Integration Direct integration with banking systems for payments and reconciliation		Direct banking/payment integrations referenced for disbursement processing and reconciliation.
Document Management Integration Integration with document management systems		Document management system integration detailed in technical architecture.
Identity Management Integration Support for enterprise single sign-on and identity management systems		SSO/SAML/IDM integration listed among security and usability features.
Data Exchange Standards Support for standard data formats like XML, JSON, CSV		Supports XML, JSON, CSV for integration and import/export.
ETL Tools Built-in tools for data extraction, transformation, and loading		ETL/data migration toolkit referenced in implementation documentation.
Real-time Integration Capability Support for real-time data exchange with external systems		Near real-time (API/webhook) data exchange cited in technical references.
Integration Monitoring Tools for monitoring the health and performance of system integrations		Integration health/monitoring dashboards are built into admin module.
Third-party Integration Partners Number of pre-built integrations with third-party systems		No information available
Integration Transaction Volume Maximum number of integration transactions the system can handle per hour		No information available

Role-based Access Control Granular permission settings based on user roles		Granular, role-based permissions and access profiles included as a configurable feature.
Multi-factor Authentication Support for additional authentication factors beyond passwords		Multi-factor authentication included for admin and member access to sensitive operations.
Data Encryption Encryption of sensitive data both in transit and at rest		Data encryption at rest and in transit specified in Vitech security documentation.
Security Audit Logging Comprehensive logging of all security-related events		Comprehensive security audit logging and monitoring outlined in admin tools.
Intrusion Detection Systems to detect and alert on potential security breaches		Intrusion detection/alerts for admin and cloud infrastructure included under security section.
Data Masking Ability to mask sensitive data for non-production environments		Data masking options available for development/test environments.
Password Policy Enforcement Configurable password complexity and rotation requirements		Configurable password policies, complexity, and expiry settings as a standard security feature.
Session Management Controls for session timeouts and concurrent logins		Session management and timeout settings part of security hardening.
Security Certification Formal security certifications such as ISO 27001, SOC 2		Product and company have ISO 27001 and SOC 2 attestations—verified through trust center.
Vulnerability Assessment Regular security testing and vulnerability assessments		Ongoing vulnerability testing is standard and noted in compliance and audit documents.
Data Backup Frequency Frequency of system data backups		No information available
Recovery Time Objective Target time for system recovery after a disruption		No information available
Security Update Frequency Frequency of security patches and updates		No information available

Responsive Design Portal adapts seamlessly to different screen sizes (desktop, tablet, mobile)		V3locity provides responsive cloud-native interfaces for member and employer self-service, implying responsive design.
Accessibility Compliance Adherence to WCAG standards for users with disabilities		Vitech states V3locity is WCAG-compliant and accessible to people with disabilities.
Multi-language Support Ability to display content in multiple languages for diverse membership		No information available
Customizable Dashboard Members can personalize their dashboard view and widgets		V3locity member portal is configurable and allows user-defined widgets/dashboards.
Intuitive Navigation Clear menu structure and user flow with minimal clicks to key features		Demo videos and product documentation show simple, clear navigation.
Page Load Speed Time taken for pages to load completely		No information available
Mobile App Integration Companion mobile application or progressive web app functionality		V3locity includes progressive web app/mobile integration. Confirmed by product datasheets.
Dark Mode Support Option for low-light viewing to reduce eye strain		No information available
Font Size Adjustment Ability for members to adjust text size for better readability		Portal allows configurable accessibility features including font size adjustment, according to compliance documentation.
Guided Tutorials Interactive walkthroughs to help members learn portal features		V3locity documentation describes interactive onboarding and user guides.
Search Functionality Comprehensive search tool to find information across the portal		Portal includes cross-platform search across member information, as per user stories.
Browser Compatibility Number of major browsers fully supported		No information available

Contact Information Updates Ability for members to update address, phone, email without administrator assistance		V3locity lets members self-update their contact details for address, phone, and email.
Beneficiary Management Self-service designation and updating of beneficiaries		Portal supports beneficiary self-management as part of member self-service.
Document Upload Facility for members to upload required documents (ID verification, certificates)		Document upload is part of V3locity's document management and claims processing.
Paperless Communication Opt-in Option to select electronic-only communications		Product supports paperless document delivery preferences as part of communication opt-in.
Communication Preferences Selection of preferred contact methods and frequency		Members can configure contact method and frequency in portal profile.
Life Event Processing Guided workflows for major life events (marriage, divorce, children)		Portal covers life event changes (marriage, birth, divorce) as workflow processes.
Profile Completeness Indicator Visual indicator showing percentage of profile completion		No information available
Password Self-Reset Secure mechanism for members to reset their own passwords		Password reset/self-serve password management is a standard security function included.
Login History Access Ability to view recent login activity for security awareness		No information available
Multi-factor Authentication Extra security layer requiring additional verification beyond password		Supports multi-factor authentication as part of cloud security and compliance.
Account Delegation Ability to grant limited access to authorized representatives		No information available
Profile Data Exportability Option to export personal data in compliance with privacy regulations		No information available

Real-time Balance Display Up-to-date account balance information without processing delays		Portal provides real-time account summaries and balances, per product information.
Transaction History Comprehensive record of contributions, withdrawals, and fund movements		Product offers complete transaction history viewing for members.
Historical Returns Visualization Visual representation of investment performance over time		Historical returns are visualized in dashboards, according to product highlights.
Contribution Tracking Detailed view of employer and employee contributions		Contribution details (employee & employer) are viewable per role in portal.
Fee Transparency Clear breakdown of all fees charged to the account		Pricing brochures and online help reference clear fee breakdowns.
Retirement Income Calculator Tool to project future retirement income based on current savings		Portal includes retirement income projections/calculators.
Contribution Rate Simulator Tool to show impact of changing contribution percentages		Contribution rate adjustment tools are mentioned in administration feature list.
What-If Scenario Modeling Advanced simulator for testing different retirement strategies		Advanced 'what-if' scenario modeling is a selling point for projections and planning.
Tax Impact Estimator Tool to estimate tax implications of different withdrawal strategies		Tax impact estimators built into withdrawal/scenario tools.
Financial Data Export Options Number of formats available for exporting financial data		No information available
Interactive Retirement Goals Ability to set and track progress toward personalized retirement goals		Portal supports interactive and trackable retirement goals.
Retirement Age Flexibility Calculator Tool showing financial impact of different retirement ages		Comparison tools project various retirement ages and impacts.
Benefit Verification Letters Self-service generation of official benefit verification documents		No information available

Investment Option Selection Self-service capability to change investment fund selections		Investments can be adjusted by members online, and integration with investment managers is highlighted.
Asset Allocation Visualization Graphical representation of current investment mix		Asset allocation charts provided in UI screenshots.
Fund Performance Metrics Detailed performance data on available investment options		Performance data on investments present in member portal analytics.
Investment Risk Assessment Tools to evaluate risk tolerance and investment suitability		Risk assessment/Profiling tools are described in product literature.
Portfolio Rebalancing Tools Automated or assisted rebalancing to maintain desired allocation		Portfolio rebalancing can be automated or triggered, as demonstrated in configuration videos.
Investment Fee Comparison Side-by-side comparison of fees across investment options		No information available
Investment Strategy Recommendations Personalized guidance based on member profile and goals		Personalized investment guidance is noted as a product differentiator.
Auto-Rebalancing Setup Option to schedule automatic portfolio rebalancing		Portal allows scheduling recurring portfolio rebalancing.
Fund Fact Sheets Access to detailed information about each investment option		Fund fact sheets available for all supported investment options.
ESG/Sustainable Investment Filtering Ability to filter and select funds based on environmental, social, and governance criteria		No information available
Investment Change Confirmation Clear documentation of investment selection changes		System records and confirms all investment-related changes by members.
Investment Education Resources Educational content explaining investment concepts and options		Portal contains robust investment education content accessible from dashboards.
Real-time Market Data Up-to-date market information relevant to pension investments		Real-time market and fund data feeds displayed in dashboard views.

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Financial Technology Year

V3locity from Vitech Systems Group

Product analysis by function

Pension Administration Systems for Pension and Investment Management

Participant Data Management (12 Yes /12 Known /12 Possible features)

Benefit Calculation & Modeling (10 Yes /10 Known /11 Possible features)

Regulatory Compliance & Reporting (8 Yes /8 Known /10 Possible features)

Payments & Disbursements (10 Yes /10 Known /11 Possible features)

Investment Management Integration (9 Yes /9 Known /11 Possible features)

Actuarial Integration & Valuation (9 Yes /9 Known /10 Possible features)

Workflow & Case Management (9 Yes /9 Known /10 Possible features)

Security & Access Management (10 Yes /10 Known /11 Possible features)

Integration & Interoperability (9 Yes /9 Known /10 Possible features)

Analytics & Business Intelligence (8 Yes /8 Known /9 Possible features)

User Experience & Support (8 Yes /8 Known /10 Possible features)

Pension Administration Systems for Member Administration

Member Data Management (11 Yes /11 Known /12 Possible features)

Contribution Processing (11 Yes /11 Known /12 Possible features)

Benefit Calculations (11 Yes /11 Known /13 Possible features)

Benefit Payments (11 Yes /11 Known /12 Possible features)

Self-Service Portal (10 Yes /10 Known /13 Possible features)

Regulatory Compliance (11 Yes /11 Known /12 Possible features)

Workflow and Process Management (10 Yes /10 Known /12 Possible features)

Reporting and Analytics (11 Yes /11 Known /13 Possible features)

System Integration (10 Yes /10 Known /12 Possible features)

Security and Data Protection (10 Yes /10 Known /13 Possible features)

Member Self-Service Portals for Member Administration

User Experience & Interface (8 Yes /8 Known /12 Possible features)

Account Management (8 Yes /8 Known /12 Possible features)

Financial Information & Tools (11 Yes /11 Known /13 Possible features)

Investment Management (11 Yes /11 Known /13 Possible features)

Communication & Document Access (10 Yes /10 Known /12 Possible features)

Claims & Benefits Processing (11 Yes /11 Known /13 Possible features)

Service Credits & History (8 Yes /8 Known /12 Possible features)

Education & Planning Resources (11 Yes /11 Known /13 Possible features)

Security & Compliance (8 Yes /8 Known /12 Possible features)

Integration & Technology (9 Yes /9 Known /13 Possible features)

Benefit Calculation Engines for Member Administration

Core Calculation Functionality (10 Yes /10 Known /12 Possible features)

Regulatory Compliance (9 Yes /9 Known /11 Possible features)

Configuration and Flexibility (9 Yes /9 Known /12 Possible features)

Integration Capabilities (6 Yes /6 Known /12 Possible features)

User Experience (9 Yes /9 Known /12 Possible features)

Data Quality and Management (0 Yes /0 Known /12 Possible features)

Reporting and Analytics (0 Yes /0 Known /12 Possible features)

Performance and Scalability (0 Yes /0 Known /12 Possible features)

Security and Compliance (0 Yes /0 Known /12 Possible features)

Support and Maintenance (0 Yes /0 Known /12 Possible features)