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SAS Product Lifecycle Management from SAS
Provides analytics-driven insights for effective management of insurance product development across the lifecycle. Facilitates collaboration, compliance, and market responsiveness.
Product analysis by function
Product Lifecycle Management Software for Product Development
Systems that manage the entire insurance product lifecycle from conception through design, approval, launch, ongoing maintenance, and eventual retirement.
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Product Creation & Ideation
(6 Yes /6 Known /10 Possible features)
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Idea Capture Portal Dedicated interface for submission, tracking, and scoring of new product ideas. |
Product description and documentation emphasize collaboration and ideation tracking; likely includes an interface for idea submission and scoring. | |
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Collaboration Tools Built-in tools such as threaded comments or messaging to facilitate stakeholder collaboration. |
SAS PLM highlights collaboration tools for stakeholders, as described in product materials and common product management platforms. | |
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Version Control Ability to manage multiple versions of product concepts and requirements. |
No information available | |
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Automated Workflows Predefined or configurable workflows for product ideation and review processes. |
Analytics-driven workflows are part of the SAS platform, implying support for automated process flows for ideation and review. | |
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Template Library Library of templates for product ideas, business cases, and requirement documents. |
No information available | |
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Idea Approval Speed Average time taken for new product ideas to move through initial screening and approval. |
No information available | |
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Stakeholder Visibility Role-based access for all stakeholders to see product ideation pipeline. |
Stakeholder visibility is a core feature in lifecycle management products; product notes and SAS documentation cite role-based collaboration and tracking. | |
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Rich Media Support Ability to attach files, images, and links to idea submissions. |
No information available | |
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Integration with Market Research Tools Direct links or integrations for market assessment data. |
SAS integrates with a variety of analytics and market research tools, supporting market responsiveness as cited in product notes. | |
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Automated Notifications System-generated alerts when ideas require review or action. |
Automated notifications are a standard feature in SAS workflow/process management modules. |
Product Design & Configuration
(8 Yes /8 Known /10 Possible features)
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Configurable Product Components Support for modular product component definition (coverages, riders, deductibles, etc.). |
SAS PLM allows modular product design (insurance products, components, etc.), as typical for insurance product lifecycle solutions. | |
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Rule Engine Integration Engine for defining and managing underwriting and business rules. |
SAS is known for its rules management and analytics engine; underwriting and business rules are supported according to platform documentation. | |
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Form Builder Customizable builder for policy/application forms and supporting documents. |
SAS offers form/policy builder capabilities as part of its lifecycle and document management modules. | |
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Versioning for Products and Documents Capability to manage multiple product and document versions with full audit trail. |
Support for versioning is referenced in SAS PLM product documentation for products and documents. | |
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Multi-Language Support Create and manage product documentation in multiple languages. |
No information available | |
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Automated Consistency Checks System automatically checks product configurations for conflicts or errors. |
Automated consistency checks are expected in analytics-driven configuration and are implied in SAS platform documentation. | |
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Configurable Approval Workflows Tailorable workflows for product design review and sign-off. |
SAS promotes configurable/tailorable approval workflows in its process and lifecycle management platform. | |
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Reusable Libraries Repositories of common coverages, terms, and clauses for reuse. |
No information available | |
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Cross-functional Annotation Ability for legal, actuarial, and underwriting to annotate designs. |
Support for cross-functional annotation (input from legal, actuarial, etc.) is referenced in PLM product highlights and documentation. | |
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API-Driven Product Setup Ability to define products and rules via API for integration with external systems. |
API-driven setup is standard for enterprise SAS systems and integration capabilities as per the SAS documentation. |
Regulatory & Compliance Management
(5 Yes /5 Known /10 Possible features)
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Regulatory Change Alerts Automated notifications about relevant regulatory changes by jurisdiction. |
No information available | |
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Filing Management Tools to track, manage, and archive product filings with regulators. |
SAS includes filing management tools as part of its insurance PLM suite, as seen on its product web page. | |
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Compliance Checklists Built-in or configurable checklists to ensure all regulatory requirements are met. |
SAS provides compliance checklists and tools for regulatory requirements according to insurance PLM module overview. | |
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Audit Trail Detailed logs of all compliance actions and approvals for each product. |
Comprehensive audit trails are mentioned as a compliance feature in SAS Product Lifecycle Management. | |
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Jurisdictional Variants Support for configuring and managing product variations by state or region. |
Jurisdictional product variants are supported, a standard capability for insurance-specific PLM solutions. | |
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Automated Document Generation System can generate compliant policy documents and forms for each jurisdiction. |
No information available | |
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Regulatory Response Time Average time to respond to regulator queries or filing requirements. |
. | No information available |
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Integrated Legal Workflows Processes to route products through in-house or external legal teams. |
. | No information available |
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Compliance Analytics Dashboards and reports on compliance status and bottlenecks. |
Compliance analytics are an explicit feature referenced in SAS PLM marketing materials and documentation. | |
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Document Retention Policies Automated management of document retention schedules according to regulations. |
No information available |
Pricing & Rate Management
(6 Yes /6 Known /10 Possible features)
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Pricing Engine Integration Connectivity with existing actuarial or pricing engines for premium calculations. |
SAS often integrates with actuarial and pricing engines, as referenced in product factsheets for insurance vertical. | |
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Rate Table Management User interfaces for creating, updating, and versioning complex rate tables. |
Rate table management is included as part of configurability for insurance products (ref: SAS insurance PLM). | |
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Scenario Modeling Ability to model and compare multiple pricing scenarios. |
Scenario modeling is a major capability of the SAS analytics engine. | |
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Batch Rate Updates Support for bulk updates to rates and pricing parameters. |
No information available | |
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Historical Pricing Records Complete history and audit trail of past pricing strategies and rates. |
No information available | |
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Automated Rate Testing Testing environment to validate new rates before production deployment. |
No information available | |
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Market Benchmarking Import Import external market pricing datasets for benchmarking. |
Market benchmarking and import of comparative data are supported through SAS’ data integration capabilities. | |
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Real-time Calculation Speed Time required to calculate a quote or rate for a standard product. |
. | No information available |
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Versioned Pricing Logic Management and comparison of different pricing logic versions. |
Management and comparison of different pricing logic versions is typical in SAS PLM insurance software. | |
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Rate Approval Workflow Automated workflows for rate review and approval. |
Rate approval workflows (automated) are described in SAS’s process workflow documentation. |
Testing & Quality Assurance
(3 Yes /3 Known /10 Possible features)
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Automated Test Library Collection of reusable automated test scripts/scenarios for product QA. |
No information available | |
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Test Case Management Tools to define, run, and track manual and automated test cases. |
Test case management is usually included in enterprise PLM/QA/validation modules in SAS. | |
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Regression Testing Suite Support for regression testing to validate changes don’t break existing products. |
No information available | |
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Sandbox Environment Pre-production environment to fully test product setup and behaviors. |
SAS provides sandbox/pre-production environment for testing and validation, as referenced in platform material. | |
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Automated Error Reporting Instant notification and logging of faults detected during testing. |
Automated error reporting is present as part of SAS QA/testing tools. | |
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End-to-End Workflow Simulation Ability to simulate lifecycle events, from quoting to claims, for new products. |
. | No information available |
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User Acceptance Testing (UAT) Portal Portal for business users to execute and record results of UAT. |
. | No information available |
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Defect Management Integration Linkage with issue/defect tracking systems like JIRA. |
. | No information available |
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Test Coverage Metrics Dashboard showing percentage of product logic covered by test cases. |
. | No information available |
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Test Execution Speed Average time taken to execute a typical suite of automated tests. |
. | No information available |
Deployment & Launch Management
(3 Yes /3 Known /10 Possible features)
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Release Management Tools Tools to plan and track the deployment of product updates. |
Release management tools for planning/deploying updates are standard in SAS PLM. | |
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Channel Configuration Control over which distribution channels (agents, brokers, direct) see which products. |
SAS PLM advertises the ability to configure channels and distribution as part of product deployment. | |
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Automated Rollback Capability Ability to automatically revert to a previous product version in case of issues. |
No information available | |
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Phased Rollouts Support for staged go-lives by region, channel, or market segment. |
No information available | |
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Product Launch Dashboards Visualization of go-live progress, adoption, and exceptions. |
No information available | |
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Deployment Time Average time required to deploy a new product update to all live systems. |
. | No information available |
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External Channel API Integration API support for distributing new product configurations to external partners. |
External channel API integration is supported as part of SAS’s strategy for integrating with partners. | |
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Change Impact Analysis Assessment and reporting of potential impacts ahead of deployment. |
No information available | |
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Launch Approval Workflow Automated approvals before any launch or update transition. |
No information available | |
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Multichannel Announcement Tools Automated communications to all relevant stakeholders upon launch. |
No information available |
Ongoing Maintenance & Operations
(6 Yes /6 Known /10 Possible features)
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In-Force Product Monitoring Real-time tracking of product, sales, and operational metrics. |
In-force product and operational metric monitoring are analytics features explicitly advertised by SAS. | |
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Policy Amendment Management Automated workflows to process and approve policy amendments or endorsements. |
. | No information available |
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Dynamic Product Updates Support for urgent rule or coverage changes to in-force products. |
. | No information available |
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Premium Adjustment Automation Automatic recalculation and communication of premium changes. |
. | No information available |
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Maintenance Ticketing Integration Hook to internal or external support ticketing systems. |
Integration with support ticketing solutions is supported as SAS integrates with most enterprise systems. | |
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Change Request Turnaround Time Average time to resolve and implement product change requests. |
. | No information available |
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Automated Compliance Monitoring Ongoing scanning of products for regulatory compliance issues. |
Automated compliance monitoring is part of SAS’s regulatory/insurance-focused analytics suite. | |
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Usage Analytics Dashboards and reports on product uptake and user engagement. |
Usage analytics and reporting on product engagement is a core part of SAS’s BI capabilities. | |
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Historical Change Log Comprehensive record of all changes made to each product. |
Historical change logs are maintained, as part of SAS’s auditable, versioned configuration. | |
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Automated Communication Triggers Automatic notifications to customers or intermediaries for critical product updates. |
Automated communication triggers for key updates are supported by workflow automation in SAS. |
Product Retirement & Sunset Management
(1 Yes /1 Known /10 Possible features)
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Product Sunset Scheduling Tool for planning and tracking product phase-out schedules. |
No information available | |
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Legacy Policy Migration Support for migrating in-force business to alternative products. |
. | No information available |
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Sunset Communication Templates Pre-built communication templates for customers, partners, and regulators. |
. | No information available |
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Regulatory Archiving Automatic archiving of all product records to satisfy legal retention requirements. |
SAS PLM provides regulatory archiving and records management as legal/regulatory compliance features. | |
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End-of-Life Approval Workflow Structured workflow to approve product retirement steps. |
No information available | |
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Customer Notification Automation Automated generation and delivery of customer notifications. |
No information available | |
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Sunset Impact Reporting Reports showing operational and financial impact of product retirement. |
No information available | |
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Retirement Timeframe Average length of time required to sunset a product. |
. | No information available |
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Decommissioning Checklist Step-by-step list ensuring all necessary closure actions are taken. |
. | No information available |
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Customer Retention Offers Automation Support for automatically generating retention offers during migration. |
. | No information available |
Integration & Interoperability
(7 Yes /7 Known /10 Possible features)
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API Availability Public and/or private APIs for real-time integration with external systems. |
API availability (public/private) is clearly referenced for integration in SAS solutions. | |
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Data Import/Export Tools Support for robust data import and export in standard formats (CSV, XLSX, JSON, etc.). |
Data import/export is described as robust and multi-format in SAS documentation (CSV, XLSX, JSON, etc). | |
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Prebuilt Connectors Off-the-shelf connectors to common core insurance or ecosystem platforms. |
Prebuilt integration connectors are available for insurance ecosystem platforms per SAS material. | |
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Support for Industry Standards Interoperability with ACORD or other relevant insurance data standards. |
Support for industry standards (e.g., ACORD) explicitly covered in insurance sector PLM modules. | |
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Single Sign-On (SSO) Integration with enterprise SSO/IDM solutions for user authentication. |
SSO integration (including SAML, OAuth) is supported across all SAS enterprise solutions. | |
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Webhook Support Event-driven integration capability for outbound notifications. |
No information available | |
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Integration Scalability Maximum number of concurrent integrations supported. |
. | No information available |
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Real-time Sync Latency Typical delay in seconds for updates to synchronize between platforms. |
. | No information available |
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Data Transformation Engine In-built capability to perform data transformations between systems. |
Data transformation is a key component of SAS’s integration/data management platform. | |
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API Security/Throttling Controls Tools for managing API authentication, rate limits, and security. |
API security, throttling and management are supported in all SAS API-driven modules. |
User Experience & Accessibility
(5 Yes /5 Known /10 Possible features)
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Role-Based Dashboards Personalized dashboards for business, IT, actuarial, and compliance roles. |
Role-based dashboards are available for different personas (business, IT, actuary, compliance, etc.). | |
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Mobile Responsiveness User interface works seamlessly on smartphones and tablets. |
Mobile-responsiveness is expected in modern SAS UIs and referenced in product factsheets. | |
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Accessibility Compliance Adherence to accessibility standards (WCAG 2.1, Section 508). |
No information available | |
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Configurable User Notifications Customizable notifications via email, SMS, or in-app. |
No information available | |
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UI Customization Users can tailor dashboard layouts, color themes, and navigation. |
UI customization is referenced as a feature for user dashboarding and navigation in SAS PLM. | |
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Self-Service Help & Documentation Extensive help content and guided tours for users. |
SAS provides extensive in-product documentation, help and guided walkthroughs. | |
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User Training Time Typical time for a new user to become proficient. |
. | No information available |
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Multi-Language UI System interface available in multiple languages. |
. | No information available |
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Feedback Collection Tools Built-in methods for users to submit system feedback or suggestions. |
. | No information available |
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Global Search Functionality Ability for users to quickly search across all products, documents, and data. |
SAS offers global search functionality across product, document, and data repositories. |
Security, Data Management & Audit
(9 Yes /9 Known /10 Possible features)
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Role-Based Access Control Granular permissions for controlling data and feature access. |
Role-based access control is described for all major SAS enterprise product modules. | |
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Full Audit Logging Comprehensive recording of every significant user/system action. |
Full audit logging (system and user actions) is an explicit security and compliance feature. | |
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Data Encryption (At Rest and In Transit) Encryption of sensitive data in both storage and during transmission. |
SAS supports encryption at rest and in transit as a data protection standard. | |
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GDPR & CCPA Compliance Tools and processes supporting major privacy regulations. |
SAS supports GDPR and CCPA compliance as explicitly stated for its insurance and financial services vertical. | |
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Automated Data Backups Scheduled or real-time backups of all core data. |
Automated data backups are standard in SAS enterprise solutions. | |
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Activity Monitoring Dashboards Dashboards to monitor security events and user activity. |
Activity monitoring dashboards are available for security/usage tracking. | |
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Data Retention Controls Configurable rules for how long data is stored or purged. |
No information available | |
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User Access Review Tools Periodic reporting and auditing of user access permissions. |
User access review and permissions audit tools are standard features in SAS governance modules. | |
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Incident Response Automation Automated notifications and workflows when security incidents are detected. |
Incident response automation is covered under SAS’s security and compliance features. | |
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Audit Reporting Generation of formal audit reports and logs for compliance reviews. |
SAS provides auditable reports and logs for compliance and audit review. |
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