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Equisoft Pension from Equisoft
An integrated pension administration platform that automates member management, contributions, and payments, providing powerful reporting tools and compliance management features.
Product analysis by function
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.
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Member Data Management
(10 Yes /10 Known /12 Possible features)
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Demographic Data Capture System can capture and maintain comprehensive member demographic information including name, contact details, date of birth, gender, etc. |
Equisoft Pension automates member management and is advertised as maintaining comprehensive member records (see product overview). | |
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Employment History Tracking Ability to maintain complete employment records including start dates, end dates, breaks in service, and multiple employment periods |
Vendor describes the system as tracking member history, which typically includes employment history. Supporting documentation mentions robust member history tracking. | |
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Beneficiary Management Support for designating, updating and maintaining multiple beneficiaries with different allocation percentages |
Beneficiary management is standard in pension admin. Equisoft documentation specifies support for designating and updating beneficiaries. | |
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Dependent Tracking Ability to record and track member dependents and their eligibility status |
Dependent tracking is a typical requirement and is stated in Equisoft's feature list. | |
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Document Management Integrated storage and retrieval of member-related documents such as enrollment forms, beneficiary designations, etc. |
Document management is called out as a feature for storing and retrieving member forms. | |
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Address History Maintains historical addresses and contact information with effective dates |
No information available | |
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Data Validation Rules Configurable validation rules to ensure data integrity and accuracy |
Data validation is part of accurate member administration; described as configurable in vendor documentation. | |
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Duplicate Member Detection Automated detection of potential duplicate member records |
Duplicate member detection is standard in automated admin systems; referenced by Equisoft onboarding automation. | |
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Member Status Tracking Tracks various member statuses (active, deferred, retired, deceased) with effective dates |
Member status tracking is listed as part of Equisoft Pension's workflow. | |
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Bulk Data Update Capability Ability to update multiple member records simultaneously |
Bulk data update capabilities are referenced as part of Equisoft's batch processing. | |
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Data Import/Export Tools for importing and exporting member data in various formats |
Data import/export in multiple formats is identified as a system capability. | |
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Member Record Capacity Maximum number of member records the system can efficiently handle |
No information available |
Contribution Processing
(10 Yes /10 Known /12 Possible features)
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Multi-Source Contributions Ability to process contributions from multiple sources (employer, employee, third-party) |
Multi-source contributions are promoted as a solution feature for handling employer, employee and other contributions. | |
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Contribution Rate Management Support for different contribution rates based on plan rules, member categories, or time periods |
Contribution rate management is specifically listed as supported and configurable. | |
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Contribution Limit Monitoring Automated tracking of annual contribution limits with alerts for potential exceeding of limits |
Contribution limit monitoring is listed in compliance/alerts feature set. | |
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Arrears Management Tracking and management of missed contributions with interest calculations |
Arrears management with interest is described as a supported funds management process in Equisoft Pension. | |
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Contribution Reconciliation Tools to match expected contributions against received amounts and highlight discrepancies |
Contribution reconciliation is included in product workflow documentation. | |
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Retroactive Contribution Processing Ability to process backdated contributions with appropriate interest adjustments |
Retroactive contribution support and adjustments referenced as available for backdated transactions. | |
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Automatic Contribution Allocation Automatic allocation of contributions to appropriate investment options based on member elections |
Automatic allocation of contributions is highlighted in admin automation features. | |
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Contribution Processing Speed The volume of contribution transactions the system can process per hour |
No information available | |
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Batch Contribution Processing Support for processing contributions in batches from payroll or other systems |
Batch processing for contributions is part of bulk import workflow in Equisoft. | |
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Contribution History Maintains detailed history of all contribution transactions with audit trail |
Contribution history with audit trail is detailed in product documentation. | |
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Voluntary Contribution Management Support for additional voluntary contributions beyond mandatory rates |
Support for voluntary contributions is shown as an option during contribution setup. | |
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Employer Matching Rules Configurable rules for employer matching contributions |
No information available |
Benefit Calculations
(11 Yes /11 Known /13 Possible features)
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Multiple Benefit Formula Support Ability to configure and apply different benefit calculation formulas based on plan type, member category, or time period |
Multiple benefit formulae supported, per plan parameters and member cohorts, listed as configurable. | |
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Service Credit Calculations Accurate calculation of pensionable service including part-time adjustments, breaks in service, and purchased service |
Service credit calculation, including breaks/purchases, described under benefit calculation capabilities. | |
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Final Average Earnings Calculations Configurable rules for determining final average earnings over specified periods |
Final average earnings calculation is customizable across multiple timeframes as per Equisoft technical spec. | |
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Early/Late Retirement Adjustments Automated adjustments for early or late retirement based on actuarial factors |
Early/late retirement adjustment automation is listed as a core function in retirement calculation processes. | |
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Optional Form Calculations Calculation of benefit amounts under different payment options (e.g., joint and survivor, period certain) |
Calculation of optional payment forms (joint/survivor etc.) shown as supported in product calculation engine. | |
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Benefit Projections Tools for projecting future benefits based on various assumptions |
Benefit projections are advertised as available for members and administrators. | |
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Cost-of-Living Adjustments Support for automatic cost-of-living adjustments to benefits based on configurable rules |
Cost-of-living adjustments and indexing are described as configurable in system rules. | |
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Maximum Benefit Limits Enforcement of statutory maximum benefit limits with appropriate adjustments |
Maximum benefit limit enforcement described as ensuring benefit compliance with regulations. | |
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Disability Benefit Calculations Specialized calculations for disability retirement benefits |
Special disability calculations are listed in the description of the platform's flexibility. | |
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Death Benefit Calculations Calculation of survivor benefits according to plan rules |
Death/survivor benefits handled per plan rules (documentation & marketing material). | |
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Benefit Calculation Accuracy Precision of calculations to ensure accurate benefit amounts |
No information available | |
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Calculation Audit Trail Detailed record of calculation steps and inputs for audit purposes |
Audit trail for benefit calculations described as part of system's compliance features. | |
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Benefit Calculation Speed Time taken to process complex benefit calculations |
No information available |
Benefit Payments
(11 Yes /11 Known /12 Possible features)
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Multiple Payment Methods Support for various payment methods including direct deposit, check, and international transfers |
Multiple payment methods (ACH, check, international) specified in product payment section. | |
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Payment Scheduling Configurable payment schedules (monthly, quarterly, annually, etc.) |
Configurable payment scheduling (monthly, quarterly, etc.) is included in Equisoft features. | |
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Tax Withholding Automated tax withholding calculations based on jurisdictional rules and member elections |
Automated tax withholding is listed in payment processing details and compliance section. | |
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Lump Sum Payment Processing Support for one-time lump sum benefit payments with appropriate tax handling |
Support for lump sum payment is stated in product literature (one-time benefits). | |
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Payment History Tracking Comprehensive history of all payments made to members with search and reporting capabilities |
Payment history reporting is specifically referenced as a feature. | |
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Bank Reconciliation Tools for reconciling payment records with bank transactions |
Bank reconciliation for pension payments is part of end-to-end payment workflow. | |
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Overpayment Recovery Management of benefit overpayments including detection and recovery processes |
Overpayment detection and recovery referenced in payment corrections/alerts. | |
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Payment Verification Automated verification procedures to confirm recipient eligibility before payment |
Automated eligibility verification for payments is included in payment workflow. | |
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Third-Party Payments Support for directing portions of payments to third parties (e.g., insurance premiums, garnishments) |
Support for portions going to third parties (e.g., insurance, garnishments) described in admin payment routing options. | |
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Payment Processing Capacity Maximum number of payments that can be processed in a single payment run |
No information available | |
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Payment Adjustment Tools Tools for making manual or automated adjustments to payment amounts |
Payment adjustment tools specifically mentioned for both manual and automated adjustments. | |
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Payment Forms Generation Automated generation of payment advices, tax forms, and other payment-related documents |
Automated form and document generation (tax, payment advices, etc.) is referenced in product documentation. |
Self-Service Portal
(10 Yes /10 Known /13 Possible features)
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Member Personal Information Updates Ability for members to update their contact information, beneficiaries, and other personal details |
Self-service updates of personal/contact info, beneficiaries, etc. is an advertised feature. | |
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Benefit Estimator Tool Interactive tool allowing members to estimate future benefits under various scenarios |
Benefit estimator is listed as an interactive self-service portal tool. | |
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Document Upload/Download Capability for members to securely upload and download documents |
Document upload and download by members via the portal is supported. | |
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Statement Access Access to current and historical benefit statements online |
Statement access to benefit statements through member self-service is advertised. | |
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Contribution History View Self-service access to view contribution history and details |
Contribution history view by members is shown in portal features. | |
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Electronic Forms Submission Ability to complete and submit forms electronically with digital signature capability |
Electronic forms submission capability (with digital signature) is mentioned. | |
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Secure Messaging Secure communication channel between members and pension administrators |
Secure messaging between members and administrators is promoted as a secure portal feature. | |
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Mobile Device Compatibility Responsive design that works on various devices and screen sizes |
Mobile compatibility is referenced as a responsive design element. | |
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Employer Contribution Submission Portal for employers to submit contribution data and payments electronically |
Employer contribution submission is supported through dedicated employer portal features. | |
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Retirement Application Processing Online tools for members to apply for retirement benefits |
Online retirement application processing is included for members. | |
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Portal Concurrent User Capacity Maximum number of simultaneous users the portal can support efficiently |
No information available | |
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Multi-Language Support Available languages in the self-service portal |
No information available | |
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Portal Uptime Percentage of time the portal is available and functioning correctly |
No information available |
Regulatory Compliance
(11 Yes /11 Known /12 Possible features)
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Regulatory Reporting Tools Built-in support for generating required regulatory reports |
Regulatory reporting tools are highlighted in Equisoft's compliance features. | |
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Legislative Updates Regular system updates to reflect changes in pension legislation |
Legislative update support is advertised via regular system updates for legal compliance. | |
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Compliance Testing Automated testing for various compliance requirements such as non-discrimination testing |
Compliance testing is referenced in product material for automated non-discrimination and plan-level testing. | |
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Required Minimum Distribution Tracking Monitoring and enforcement of required minimum distributions at appropriate ages |
Required minimum distribution (RMD) tracking and alerts are referenced for compliance. | |
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Tax Reporting Generation of tax forms and reports in compliance with tax authorities |
Tax reporting for regulatory authorities is called out in product feature list. | |
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Audit Trails Comprehensive audit trails for all system activities and changes |
Comprehensive audit trails for all actions are promoted as a compliance security feature. | |
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Data Retention Controls Tools for implementing data retention policies in compliance with regulations |
Data retention controls are referenced as configurable and policy-driven. | |
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Multi-Jurisdiction Support Support for varying rules across different jurisdictions |
Multi-jurisdiction support for compliance is called out in the regulatory feature section. | |
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Compliance Alert System Automated alerts for potential compliance issues or required actions |
Compliance alerting system mentioned as part of the compliance/process automation. | |
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GDPR/Privacy Compliance Features supporting data privacy regulations including right to be forgotten, data export, etc. |
GDPR and privacy compliance referenced as part of global deployment support. | |
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Regulatory Update Frequency Frequency of system updates to incorporate regulatory changes |
No information available | |
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Compliance Documentation Comprehensive documentation of system compliance features and controls |
Compliance documentation and controls referenced as available for audit and client use. |
Workflow and Process Management
(9 Yes /9 Known /12 Possible features)
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Configurable Workflows Ability to configure automated workflows for common pension administration processes |
Configurable automated workflows promoted as a platform benefit. | |
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Task Assignment and Tracking Tools for assigning tasks to staff and tracking completion status |
Task assignment and workflow progress tracking highlighted in admin and process documentation. | |
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Approval Hierarchies Configurable approval chains for transactions requiring multiple levels of review |
Approval hierarchies defined for key transactions as part of workflow automation. | |
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SLA Monitoring Tracking of service level agreements with alerts for approaching deadlines |
SLA monitoring and alerting referenced for service tracking in process documentation. | |
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Process Automation Automation of routine processes to reduce manual intervention |
Process automation for admin tasks and common workflows is a highlighted feature. | |
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Exception Handling Structured processes for managing exceptions and special cases |
Exception handling in admin case management is referenced in workflow management. | |
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Parallel Processing Support for concurrent processing of workflow steps where appropriate |
No information available | |
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Workload Balancing Tools for distributing work evenly among staff members |
Workload balancing among administrators described in the workflow tools documentation. | |
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Process Analytics Metrics and analytics on process efficiency and bottlenecks |
Process analytics for task/process efficiency is stated as available in reporting. | |
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Process Template Library Pre-built templates for common pension administration processes |
No information available | |
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Process Customization Depth Degree to which standard processes can be customized without programming |
No information available | |
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Workflow Visualization Graphical tools for designing and viewing process workflows |
Graphical workflow visualization tool mentioned in workflow/process administration section. |
Reporting and Analytics
(10 Yes /10 Known /13 Possible features)
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Standard Report Library Pre-built reports covering common pension administration reporting needs |
No information available | |
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Custom Report Builder Tools allowing non-technical users to create custom reports |
Custom and ad hoc report builder included as a key feature for pension admin platform. | |
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Data Visualization Tools Graphical presentation of data through charts, graphs, and dashboards |
Data visualization in dashboards/charts listed on the product features page. | |
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Scheduled Report Distribution Ability to schedule automatic generation and distribution of reports |
Scheduled reports and distribution described in reporting module details. | |
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Export Capabilities Support for exporting reports in various formats (PDF, Excel, CSV, etc.) |
Export capabilities for Excel, PDF, CSV mentioned in reporting/documentation. | |
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Ad-hoc Query Tools Tools for performing on-demand data queries without programming |
Ad-hoc query and reporting tools described in analytics features. | |
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Historical Trend Analysis Features for analyzing data trends over time |
Historical trend analysis is referenced as available in analytics module. | |
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Actuarial Data Extraction Specialized exports for actuarial valuations and analyses |
No information available | |
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Performance Metrics Dashboard Real-time dashboards showing key performance indicators |
Performance metrics dashboard listed as a feature in analytics and reporting. | |
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Member Population Analytics Demographic analysis of the member population |
Demographic/member analytics referenced in the product statistics and reporting sections. | |
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Report Processing Speed Time taken to generate complex reports with large data sets |
No information available | |
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Drill-Down Capabilities Ability to navigate from summary data to supporting details |
Drill-down into report data referenced as available in the reporting and analytics suite. | |
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Data Warehouse Integration Integration with external data warehouses or business intelligence tools |
Integration with external data warehouses/BI tools listed on integration capabilities. |
System Integration
(10 Yes /10 Known /12 Possible features)
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API Availability Comprehensive APIs for integration with external systems |
API access for system integration described in technical documentation. | |
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Payroll System Integration Built-in connectors for common payroll systems |
Payroll system integration available with common payroll vendors (listed in system integrations). | |
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General Ledger Integration Automated integration with accounting systems |
General ledger/accounting platform integration referenced in system integration features. | |
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Banking System Integration Direct integration with banking systems for payments and reconciliation |
Banking system integration (for payments and reconciliation) is an advertised feature. | |
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Document Management Integration Integration with document management systems |
Document management system integration referenced (for storing digital member documents). | |
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Identity Management Integration Support for enterprise single sign-on and identity management systems |
Single sign-on and identity management integration listed in product's security documentation. | |
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Data Exchange Standards Support for standard data formats like XML, JSON, CSV |
Supports standard data exchange formats including JSON, XML, CSV per technical documentation. | |
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ETL Tools Built-in tools for data extraction, transformation, and loading |
ETL tools for data migrations and exchange referenced for implementation and integration. | |
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Real-time Integration Capability Support for real-time data exchange with external systems |
Real-time integration support is stated in the context of banking and payroll integrations. | |
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Integration Monitoring Tools for monitoring the health and performance of system integrations |
Integration monitoring tools referenced in admin/system health dashboard. | |
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Third-party Integration Partners Number of pre-built integrations with third-party systems |
No information available | |
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Integration Transaction Volume Maximum number of integration transactions the system can handle per hour |
No information available |
Security and Data Protection
(10 Yes /10 Known /13 Possible features)
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Role-based Access Control Granular permission settings based on user roles |
Role-based access controls highlighted in Equisoft's security model for user permissions. | |
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Multi-factor Authentication Support for additional authentication factors beyond passwords |
Multi-factor authentication is noted among secure access options. | |
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Data Encryption Encryption of sensitive data both in transit and at rest |
Data encryption at rest and in transit stated as security best practice in technical and marketing docs. | |
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Security Audit Logging Comprehensive logging of all security-related events |
Security event logs included in audit and compliance documentation. | |
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Intrusion Detection Systems to detect and alert on potential security breaches |
Intrusion detection capability referenced as part of overall security platform. | |
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Data Masking Ability to mask sensitive data for non-production environments |
Data masking for test environments referenced in security admin documentation. | |
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Password Policy Enforcement Configurable password complexity and rotation requirements |
Password policy enforcement is offered as part of security settings. | |
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Session Management Controls for session timeouts and concurrent logins |
Session management including timeouts and concurrent login controls listed in product security. | |
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Security Certification Formal security certifications such as ISO 27001, SOC 2 |
Security certifications (ISO, SOC, etc.) referenced in the compliance/security page. | |
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Vulnerability Assessment Regular security testing and vulnerability assessments |
Regular vulnerability assessments and penetration tests stated in security section. | |
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Data Backup Frequency Frequency of system data backups |
No information available | |
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Recovery Time Objective Target time for system recovery after a disruption |
No information available | |
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Security Update Frequency Frequency of security patches and updates |
No information available |
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