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Lipper Fund Accounting Solutions from Informa Financial Intelligence
Provides a comprehensive suite of accounting solutions that facilitate fund administration, performance measurement, and analytics for various investment vehicles.
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Product analysis by function
Fund Accounting Systems for Fund Operations
Software for calculating net asset values (NAVs), processing corporate actions, managing income distributions, and maintaining financial records for investment funds. These systems ensure accurate valuation of fund assets and liabilities.
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Core Fund Accounting Functionality
(9 Yes /9 Known /14 Possible features)
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Net Asset Value (NAV) Calculation Automated computation of NAV for funds, incorporating all relevant assets and liabilities. |
Marketing materials state that Lipper provides reliable NAV calculations for funds as part of its core fund accounting suite. | |
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Multi-currency Accounting Ability to process transactions and holdings in multiple currencies. |
Documentation states Lipper supports multi-currency portfolios and transactions, indicating robust multi-currency accounting. | |
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Double-Entry Bookkeeping Support for double-entry accounting principles to ensure accurate record-keeping. |
Double-entry bookkeeping is a fundamental feature described in Lipper’s core accounting engine. | |
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Cash and Position Reconciliation Automated daily matching of cash balances and securities positions against custodians/brokers. |
Lipper advertises support for daily cash and position reconciliation with custodians and brokers. | |
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Expense Accruals Automated recognition and accrual tracking of fund expenses and fees. |
Expense accruals for fund fees and other expenditures are specifically referenced in product documentation. | |
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Income Recognition Recognition and allocation of dividends, interest, and other income streams. |
Product highlights include recognition and allocation of all major forms of investment income. | |
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Custom Chart of Accounts Flexible setup and management of account structures specific to fund requirements. |
Custom chart of accounts setup is noted as a flexible feature for various types of funds. | |
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Accounting Period Management Handling and control over multiple open/close accounting periods. |
Accounting period management is a baseline capability, allowing control over multiple open/close periods. | |
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Portfolio Valuation Frequency The frequency with which the system can value portfolios (e.g., daily, weekly, monthly). |
No information available | |
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Scalability Maximum number of funds or portfolios the system can handle concurrently. |
No information available | |
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Real-Time Processing Ability to process and update accounting entries in real time versus end-of-day batches. |
No information available | |
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Sub-ledger Support Capability to maintain detailed sub-ledgers for specific asset types or activities. |
No information available | |
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Audit Trail Comprehensive tracking of all changes, edits, and transactions for audit purposes. |
Comprehensive audit trails and change tracking are mentioned as compliance features in solution overviews. | |
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Fund Structures Supported Number of fund structures the system can accommodate (e.g., open-ended, closed-ended, umbrella, segregated mandate). |
No information available |
Corporate Actions Processing
(2 Yes /2 Known /13 Possible features)
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Automated Event Capture Integration or feed for identifying and importing corporate action events. |
No information available | |
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Voluntary/ Mandatory Action Handling Ability to process both voluntary and mandatory events (e.g., tender offers, stock splits). |
No information available | |
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Entitlement Calculation Accurate calculation of holdings impact and entitlements for all corporate actions. |
No information available | |
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Event Notification Automated alerts and workflows for pending and processed events. |
No information available | |
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Multiple Event Processing Speed The system’s capacity to process multiple concurrent corporate actions. |
No information available | |
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Historical Corporate Actions Handling Ability to recognize and correct for past or missed corporate events. |
No information available | |
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Market Data Integration Capability to import corporate action data from market data vendors. |
Integration with market data vendors (including corporate actions and security pricing) outlined under data feed capabilities. | |
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Undo/Redo Processing Functionality to reverse or correct processed corporate action events as needed. |
No information available | |
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Multi-class Share Support Handle actions across different share classes efficiently. |
No information available | |
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SWIFT Corporate Actions Messaging Support for receiving and sending corporate actions via SWIFT formats. |
No information available | |
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Audit Logging of Corporate Actions Audit trail specifically for all corporate action processes. |
Audit logging extends to corporate action modules as shown in product compliance features. | |
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Manual Input Options Facility for users to manually input or override corporate action details. |
No information available | |
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Tax Impact Calculation Automated calculation and booking of tax implications linked to corporate actions. |
No information available |
Income Distribution and Allocation
(4 Yes /4 Known /12 Possible features)
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Automated Distribution Schedule Scheduling of recurring or one-off income distributions, including frequency and amount. |
No information available | |
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Income Allocation Methods Support for various allocation methods (pro-rata, FIFO, LIFO, custom rules). |
No information available | |
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Gross/Net Distribution Processing Ability to compute both gross and net amounts for distribution to investors. |
Capability of tracking and reporting gross and net distributions is referenced as part of fund distribution modules. | |
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Dividend Reinvestment Support Automatic reinvestment of income distributions into fund units. |
Dividend reinvestment is promoted as a standard feature for multiple fund types. | |
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Multi-Tier Shareholder Structures Support for allocating and processing income across different shareholder classes, tranches, or series. |
Multi-tier shareholder/tranche support is cited as available for alternative and traditional fund structures. | |
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Tax Withholding Calculations Automated withholding and reporting of taxes on distributions. |
No information available | |
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Payment Channel Options Ability to distribute via multiple channels (ACH, cheque, SWIFT, etc.). |
No information available | |
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Distribution Frequency Options Number of different frequency settings supported (e.g., daily, weekly, monthly, quarterly, annual). |
No information available | |
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Dynamic Allocation Adjustment Ability to adjust allocations based on shareholder changes or corrections post-calculation. |
No information available | |
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Reporting on Distributions Automated generation of reports detailing distribution calculations and payments. |
Automated reporting of distributions for compliance and client notification is described and demonstrated in solution demos. | |
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Ex-Date/Record-Date Processing Automated processing of distributions based on relevant ex-dates and record-dates. |
No information available | |
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Custom Distribution Rules Support for user-defined or fund-specific income distribution logic. |
No information available |
Financial Reporting
(6 Yes /6 Known /11 Possible features)
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Standard Financial Statements Automated production of balance sheets, income statements, and cash flow statements. |
Lipper automates financial statement production, including all core statements required for funds. | |
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Custom Report Builder Users can define, build, and save customized financial and regulatory reports. |
Customizable report builder is featured in product UI documentation and user testimonials. | |
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Automated Regulatory Reporting Out-of-the-box support for regulatory templates (e.g., SEC, UCITS, AIFMD, IFRS). |
Out-of-the-box regulatory reports (SEC, UCITS, IFRS, etc.) are listed in the regulatory reporting module. | |
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Multi-period Comparative Reporting Produce reports with side-by-side comparisons over multiple reporting periods. |
No information available | |
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Export Formats Number of report output formats supported (PDF, Excel, XML, XBRL, etc.). |
No information available | |
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Scheduled Report Distribution Automated emailing or uploading of reports to stakeholders or regulatory portals. |
Automated scheduled report distribution (email and portal upload) is advertised as part of reporting automation. | |
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Drill-down Reporting Interactive reporting with the ability to drill-down to transaction-level data. |
Interactive drill-down capability is part of the reporting and analytics dashboards shown in product demos. | |
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Audit Confirmation Letters Support Automatic generation and distribution of audit confirmation letters. |
No information available | |
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Customizable Disclosure Notes Ability to add custom notes/disclosures to financial statements. |
No information available | |
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Reconciliation Reports Automated production of cash/position reconciliation reports for audit and compliance. |
No information available | |
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User Access Controls over Reports Granular control over who can view, edit, or distribute reports. |
Role-based access control and user permissions for reporting explicitly listed in security features. |
Data Integration and Connectivity
(8 Yes /8 Known /12 Possible features)
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API Availability Availability of REST, SOAP or other APIs for integration with external systems. |
REST and file-based APIs are documented for several Lipper modules for system integration. | |
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Batch File Import/Export Support for bulk upload or download of data in file formats (CSV, XML, JSON, etc.). |
Bulk import/export in CSV, XML, and JSON formats is a native feature for data onboarding and processing. | |
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Custodian Data Feeds Number of custodians with out-of-the-box data feed integration options. |
No information available | |
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Market Price Feed Integration Direct integration to market price and security master feeds (e.g., Bloomberg, Reuters). |
Direct integration to Bloomberg, Reuters, and other price feeds highlighted as a differentiator. | |
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Third-party System Compatibility Supports integration with common risk, trade order management, and compliance systems. |
Supports connection to external risk and compliance systems as confirmed by integration diagrams. | |
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Real-time Data Synchronization Capability to synchronize or update data in real time across platforms. |
No information available | |
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SWIFT Message Support Support for sending/receiving financial messages in SWIFT format. |
SWIFT ISO 20022/15022 support for messaging is featured in the data integration specs. | |
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Data Validation and Cleansing Automated checking, mapping, and correction of incoming data feeds. |
Automated feed validation and data cleansing on upload documented under data integrity features. | |
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Web Service Endpoints Number of pre-configured web service endpoints available. |
No information available | |
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Error Handling and Alerts Automated identification and notification of data integration issues. |
Error handling and alert notifications for data feed issues are noted in workflow automation documentation. | |
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Flexible Data Mapping User-configurable data mapping between external and internal systems. |
Flexible data mapping between external and internal systems, with UI configuration, is promoted in integration overviews. | |
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Multi-tenancy Support System can segregate data and workflows for multiple clients within the same platform. |
No information available |
User Experience and Workflow Automation
(8 Yes /8 Known /12 Possible features)
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Customizable Dashboards Personalized dashboards showing relevant KPIs, alerts, and task lists. |
Customizable dashboards displaying KPIs, alerts, and task lists are shown in product screenshots. | |
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Workflow Engine Integrated workflow tools to define, trigger, and automate business processes. |
Workflow engine for process automation and business logic is mentioned repeatedly in technical whitepapers. | |
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User Roles and Permissions Granular control over user access, editing, and approval rights. |
Detailed access and approval rights can be configured down to individual user level as shown in product security guides. | |
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Task Assignment and Escalation Automated delegation and reminders for pending or overdue tasks. |
No information available | |
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Bulk Processing Support for bulk editing, approvals, or transaction uploads. |
Batch/bulk processing for updating transactions and processing approvals is in product operation summaries. | |
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Mobile/Tablet Accessibility Access platform features through mobile devices and tablets. |
No information available | |
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Language Localization Support for multiple languages for interface and reporting. |
No information available | |
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Training and Help Resources Integrated user guides, video tutorials, and context-sensitive help. |
Solution includes integrated help, user guides, and video tutorials as part of customer onboarding. | |
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Search and Filtering Advanced search tools and data filters for quick data access. |
Advanced search/filtering capabilities mentioned as part of the user interface overview. | |
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User Activity Logging Automatic recording of user actions for security and compliance. |
User activity audit and session logging are part of the compliance suite. | |
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Workflow Exception Handling Automated detection and management of workflow exceptions or breaks. |
No information available | |
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Document Management Store and retrieve associated fund documentation within the platform. |
Document management, including digital storage and versioning, is described as a built-in feature. |
Compliance and Controls
(3 Yes /3 Known /11 Possible features)
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Rule-based Policy Enforcement Automated compliance checks based on custom or regulatory rules. |
No information available | |
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Approval Workflows Multi-level approval workflows for sensitive tasks and sign-offs. |
No information available | |
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Exception Alerts Automated warning and escalation for compliance exceptions. |
No information available | |
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Regulator Audit Log Comprehensive logging tailored for regulatory inspection needs. |
Comprehensive logs tailored for regulatory audit are discussed in compliance marketing material. | |
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Segregation of Duties Controls to ensure critical functions are performed by separate users. |
No information available | |
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Threshold Monitoring Pre-set limits for exposures, transactions, or NAV deviations triggering alerts. |
No information available | |
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Automated Reporting to Regulators Direct submission features to regulatory agencies via portal/API. |
Automatic reporting to regulators/portals (e.g. AIFMD, UCITS reporting) supported. | |
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KYC/AML Checks Integration Integration to know-your-customer and anti-money laundering data providers. |
No information available | |
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Historical Version Controls Ability to retrieve and report historical data by effective date. |
No information available | |
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Data Masking for Sensitive Fields Masked display of sensitive regulatory and client data. |
Sensitive data masking available in the user management and data privacy settings. | |
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Automatic Breach Reporting Instant reporting and alerting of compliance breaches. |
No information available |
Security and Data Protection
(6 Yes /6 Known /10 Possible features)
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Multi-factor Authentication Support for two-factor or multi-factor user authentication. |
Support for two-factor authentication is provided for user security. | |
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Data Encryption Encryption of data both in storage (at rest) and when transmitted. |
Encryption at rest and in transit highlighted as compliance with financial data protection standards. | |
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Role-based Access Control User access granted by assigned roles with least-privilege principles. |
Role-based security and access controls form the core of the permissions module. | |
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Regular Security Updates Frequency with which security patches and system updates are issued. |
No information available | |
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Penetration Testing Regularly scheduled third-party penetration/vulnerability testing. |
Vendor confirms regular penetration and vulnerability testing in security whitepapers. | |
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Audit Logging and Monitoring Comprehensive audit logs accessible for investigation. |
Comprehensive audit logging for all system activities referenced in platform documentation. | |
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Disaster Recovery/RTO System recovery time objective if disaster recovery must be invoked. |
No information available | |
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Data Backup Frequency Interval at which full or incremental data backups are performed. |
No information available | |
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Secure Data Destruction Assurance that deleted data is irreversibly destroyed. |
No information available | |
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GDPR/Data Privacy Compliance System compliance with major privacy laws (GDPR, CCPA, etc.). |
Statements reference compliance with GDPR and related privacy standards. |
Performance, Scalability, and Availability
(1 Yes /1 Known /9 Possible features)
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Concurrent User Support Number of users supported simultaneously on the platform. |
No information available | |
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Transaction Processing Speed Number of accounting transactions processed per second. |
No information available | |
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Uptime Guarantee Service-level uptime commitment by the vendor. |
No information available | |
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Disaster Recovery RPO Recovery Point Objective indicating maximum data loss in case of disaster. |
No information available | |
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Horizontal Scalability Ability to add additional servers/resources for greater volume. |
No information available | |
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Peak Load Handling Maximum transaction load the system can handle without degradation. |
No information available | |
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Auto-scaling Cloud Deployment Built-in capability for automatic scaling in cloud environments. |
No information available | |
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High Availability Architecture Design elements ensuring continuous operation with fault tolerance. |
High availability and fault tolerance are described in the product’s infrastructure overview. | |
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Failover Time Time taken for system failover in the event of component failure. |
No information available |
Pricing, Licensing, and Vendor Support
(5 Yes /5 Known /10 Possible features)
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License Models Supported Support for various license models (SaaS subscription, on-premise, etc.). |
Both SaaS and on-premise licensing models indicated on the official product site. | |
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Volume-based Pricing Tiers Availability of pricing tiers tied to fund size or number of funds. |
No information available | |
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Custom Contract Flexibility Willingness to offer custom contracts and SLAs. |
No information available | |
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Implementation Support Availability of vendor support during setup and onboarding. |
Vendor onboarding support and implementation consulting described in marketing and documentation. | |
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24/7 Client Support Round-the-clock live support availability. |
24/7 phone and online support highlighted in client support documentation. | |
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Average Issue Resolution Time Average time to resolve a typical support issue. |
No information available | |
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Knowledge Base/Community Portal Access to self-help resources and user communities. |
Extensive knowledge base and client community portal referenced on vendor website. | |
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Regular Feature Releases Frequency of new feature or update releases. |
No information available | |
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Data Migration Services Support for migrating data from legacy systems. |
Specific mention of data migration and onboarding services in solution implementation section. | |
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Contract Term Flexibility Flexible contract durations and renewal terms. |
No information available |
Customization, Extensibility, and Upgradability
(4 Yes /4 Known /9 Possible features)
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User-defined Workflows Support for building custom workflows and automations without vendor involvement. |
User-defined/custom workflows are supported through the workflow engine, as discussed in product presentations. | |
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Plugin/Extension Framework Ability to add custom modules or extensions to core platform. |
No information available | |
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Custom Fields and Forms Users can add custom fields, forms, and data attributes. |
Users can add custom fields for reporting and forms, as described in configuration documentation. | |
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Scripting/SDK Support Availability of scripting or SDK for advanced customizations. |
No information available | |
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Branding/White-labeling Option to customize the user interface and reports with firm branding. |
No information available | |
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Upgrade Path Clarity Clear communication on how upgrades are managed and delivered. |
Product upgrade roadmap and protocol are communicated in admin documentation. | |
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Backward Compatibility Ensures new versions do not break existing integrations or customizations. |
No information available | |
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Open API Documentation Comprehensive developer documentation for system APIs. |
API developer portal and documentation available for system integrations. | |
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Sandbox/Test Environment Access to a separate environment for testing customizations and updates. |
No information available |
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