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PFS-PAXUS from InvestCloud
A fund accounting and administration system specializing in hedge funds, unit trusts, and offshore funds, offering automated transaction processing, NAV calculation, investor servicing, and comprehensive reporting.
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
(11 Yes /11 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. |
Product materials and case studies explicitly mention automated NAV calculation for hedge funds, unit trusts, and offshore funds. | |
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Multi-currency Accounting Ability to process transactions and holdings in multiple currencies. |
Product documentation confirms multi-currency support, which is critical for offshore funds and is a standard feature of PFS-PAXUS. | |
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Double-Entry Bookkeeping Support for double-entry accounting principles to ensure accurate record-keeping. |
Double-entry bookkeeping is part of the core fund accounting functionality of PFS-PAXUS. | |
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Cash and Position Reconciliation Automated daily matching of cash balances and securities positions against custodians/brokers. |
PFS-PAXUS supports daily automated cash and position reconciliation as described in product materials. | |
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Expense Accruals Automated recognition and accrual tracking of fund expenses and fees. |
Expense accruals (management fees, fund expenses) are supported per product documentation. | |
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Income Recognition Recognition and allocation of dividends, interest, and other income streams. |
Income recognition (dividends, interest) is included as standard functionality. | |
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Custom Chart of Accounts Flexible setup and management of account structures specific to fund requirements. |
Customizable chart of accounts is confirmed in online brochures and user manuals. | |
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Accounting Period Management Handling and control over multiple open/close accounting periods. |
PFS-PAXUS can handle multiple open and closed accounting periods; noted in documentation. | |
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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. |
Real-time processing is available, allowing immediate updates to entries, as highlighted on the product webpage. | |
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Sub-ledger Support Capability to maintain detailed sub-ledgers for specific asset types or activities. |
Sub-ledger accounting (e.g., for asset types or investor classes) is supported. | |
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Audit Trail Comprehensive tracking of all changes, edits, and transactions for audit purposes. |
PFS-PAXUS maintains a full audit trail for all transactions and edits. | |
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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
(12 Yes /12 Known /13 Possible features)
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Automated Event Capture Integration or feed for identifying and importing corporate action events. |
Integration with data feeds and automated event capture for corporate actions are mentioned in feature lists. | |
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Voluntary/ Mandatory Action Handling Ability to process both voluntary and mandatory events (e.g., tender offers, stock splits). |
The system can handle both voluntary and mandatory corporate actions. | |
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Entitlement Calculation Accurate calculation of holdings impact and entitlements for all corporate actions. |
Entitlement calculation features are described in the corporate actions module. | |
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Event Notification Automated alerts and workflows for pending and processed events. |
Automated notifications/workflows for events are part of corporate actions handling. | |
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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. |
Historical corporate action recognition and correction are supported (see case studies). | |
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Market Data Integration Capability to import corporate action data from market data vendors. |
Can import corporate action data from multiple market data vendors. | |
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Undo/Redo Processing Functionality to reverse or correct processed corporate action events as needed. |
Functionality for undoing or correcting events available; detailed in user guides. | |
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Multi-class Share Support Handle actions across different share classes efficiently. |
Multi-class share/action support is an explicit feature for fund structures. | |
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SWIFT Corporate Actions Messaging Support for receiving and sending corporate actions via SWIFT formats. |
SWIFT messaging for corporate actions supported as per integration documentation. | |
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Audit Logging of Corporate Actions Audit trail specifically for all corporate action processes. |
Audit logging for all corporate action processes included in the product's compliance section. | |
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Manual Input Options Facility for users to manually input or override corporate action details. |
Manual event input and override is a standard user permission in PFS-PAXUS. | |
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Tax Impact Calculation Automated calculation and booking of tax implications linked to corporate actions. |
Tax impact calculation and booking is supported for applicable events. |
Income Distribution and Allocation
(11 Yes /11 Known /12 Possible features)
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Automated Distribution Schedule Scheduling of recurring or one-off income distributions, including frequency and amount. |
Automated scheduling of income and capital distributions (periodic and ad hoc) described in product datasheets. | |
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Income Allocation Methods Support for various allocation methods (pro-rata, FIFO, LIFO, custom rules). |
Income can be allocated by customizable method (pro-rata, FIFO, etc.), as seen in system configuration. | |
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Gross/Net Distribution Processing Ability to compute both gross and net amounts for distribution to investors. |
Both gross and net income distribution calculations are supported for investors. | |
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Dividend Reinvestment Support Automatic reinvestment of income distributions into fund units. |
Dividend reinvestment (DRIP) options are built-in for eligible funds. | |
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Multi-Tier Shareholder Structures Support for allocating and processing income across different shareholder classes, tranches, or series. |
Handles multi-tier and multi-class shareholder structures for allocation and servicing. | |
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Tax Withholding Calculations Automated withholding and reporting of taxes on distributions. |
Automates tax withholding calculation and reporting on distributions. | |
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Payment Channel Options Ability to distribute via multiple channels (ACH, cheque, SWIFT, etc.). |
Supports distributions via multiple payment channels, including SWIFT and ACH. | |
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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. |
Dynamic post-calculation adjustment/true-up of allocations is supported. | |
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Reporting on Distributions Automated generation of reports detailing distribution calculations and payments. |
Automated and ad hoc reporting on all distributions is available in the reporting suite. | |
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Ex-Date/Record-Date Processing Automated processing of distributions based on relevant ex-dates and record-dates. |
Processing on ex-date/record-date basis is featured for automated distributions. | |
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Custom Distribution Rules Support for user-defined or fund-specific income distribution logic. |
Users can create custom distribution rules based on specific investor/fund logic. |
Financial Reporting
(10 Yes /10 Known /11 Possible features)
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Standard Financial Statements Automated production of balance sheets, income statements, and cash flow statements. |
Automates standard financial statements (balance sheet, P&L, cash flows) per reporting module documentation. | |
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Custom Report Builder Users can define, build, and save customized financial and regulatory reports. |
Custom report builder is a promoted feature for client/end-user reporting needs. | |
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Automated Regulatory Reporting Out-of-the-box support for regulatory templates (e.g., SEC, UCITS, AIFMD, IFRS). |
Automated regulatory reporting, including support for UCITS and AIFMD, is marketed as a differentiation. | |
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Multi-period Comparative Reporting Produce reports with side-by-side comparisons over multiple reporting periods. |
Multi-period comparative reporting is standard in financial and management reports. | |
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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. |
Scheduled (automated) report distribution to clients and regulators is a key operational feature. | |
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Drill-down Reporting Interactive reporting with the ability to drill-down to transaction-level data. |
Drill-down capability for transactional and account level reporting described in user experience documentation. | |
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Audit Confirmation Letters Support Automatic generation and distribution of audit confirmation letters. |
Automatic generation and distribution of audit confirmation letters is available. | |
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Customizable Disclosure Notes Ability to add custom notes/disclosures to financial statements. |
Custom disclosure notes can be added to standard reports as shown in examples online. | |
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Reconciliation Reports Automated production of cash/position reconciliation reports for audit and compliance. |
Reconciliation reports generated automatically for compliance; noted in audit case studies. | |
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User Access Controls over Reports Granular control over who can view, edit, or distribute reports. |
Granular user access controls to reports are available according to administrator guides. |
Data Integration and Connectivity
(10 Yes /10 Known /12 Possible features)
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API Availability Availability of REST, SOAP or other APIs for integration with external systems. |
Offers REST APIs for integration with external platforms and partner systems. | |
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Batch File Import/Export Support for bulk upload or download of data in file formats (CSV, XML, JSON, etc.). |
Bulk/batch file import/export (CSV, Excel, XML) is a staple, especially for data migration and integration. | |
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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 pricing feed integration to Bloomberg/Reuters confirmed in integration documentation. | |
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Third-party System Compatibility Supports integration with common risk, trade order management, and compliance systems. |
Integrates with external OMS and risk systems per public case studies and brochures. | |
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Real-time Data Synchronization Capability to synchronize or update data in real time across platforms. |
Real-time data synchronization across modules highlighted as a benefit in product overview. | |
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SWIFT Message Support Support for sending/receiving financial messages in SWIFT format. |
SWIFT message formats are supported for fund flows and corporate actions. | |
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Data Validation and Cleansing Automated checking, mapping, and correction of incoming data feeds. |
Automated data validation and cleansing routines in file imports and feeds. | |
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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. |
System generates real-time error alerts for failed feeds and data mismatches. | |
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Flexible Data Mapping User-configurable data mapping between external and internal systems. |
User-configurable data mapping (external/internal) shown in integration toolkit. | |
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Multi-tenancy Support System can segregate data and workflows for multiple clients within the same platform. |
Supports multi-tenant operations, as InvestCloud markets solutions for fund administrators serving multiple clients. |
User Experience and Workflow Automation
(12 Yes /12 Known /12 Possible features)
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Customizable Dashboards Personalized dashboards showing relevant KPIs, alerts, and task lists. |
Customizable dashboards with user-defined KPIs and alerts available for all users. | |
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Workflow Engine Integrated workflow tools to define, trigger, and automate business processes. |
Workflow engine to automate and route tasks is part of system feature set. | |
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User Roles and Permissions Granular control over user access, editing, and approval rights. |
Role-based user permissions and rights are core to system security. | |
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Task Assignment and Escalation Automated delegation and reminders for pending or overdue tasks. |
Task assignment and escalation supported for operational workflows. | |
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Bulk Processing Support for bulk editing, approvals, or transaction uploads. |
Bulk transactions and batch processing allowed for large data volumes. | |
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Mobile/Tablet Accessibility Access platform features through mobile devices and tablets. |
Mobile and tablet accessibility via responsive design and/or mobile app. | |
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Language Localization Support for multiple languages for interface and reporting. |
Supports language localization for international client base. | |
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Training and Help Resources Integrated user guides, video tutorials, and context-sensitive help. |
Extensive online help, training, and tutorial documentation provided. | |
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Search and Filtering Advanced search tools and data filters for quick data access. |
Advanced search and filtering tools are available across screens. | |
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User Activity Logging Automatic recording of user actions for security and compliance. |
User activity logging enabled for compliance and audit security. | |
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Workflow Exception Handling Automated detection and management of workflow exceptions or breaks. |
Workflow exception identification and handling tools present. | |
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Document Management Store and retrieve associated fund documentation within the platform. |
Document management allows storage and retrieval of fund documentation. |
Compliance and Controls
(11 Yes /11 Known /11 Possible features)
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Rule-based Policy Enforcement Automated compliance checks based on custom or regulatory rules. |
Policy enforcement workflows are part of compliance module. | |
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Approval Workflows Multi-level approval workflows for sensitive tasks and sign-offs. |
Supports multi-level approvals for sensitive activities. | |
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Exception Alerts Automated warning and escalation for compliance exceptions. |
Compliance exceptions triggered by automated alerts per client rules. | |
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Regulator Audit Log Comprehensive logging tailored for regulatory inspection needs. |
Regulator-focused audit logs available for inspection. | |
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Segregation of Duties Controls to ensure critical functions are performed by separate users. |
Segregation of duties enforced through user role management. | |
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Threshold Monitoring Pre-set limits for exposures, transactions, or NAV deviations triggering alerts. |
Threshold monitoring for exposures, deviations, and breaches configured in compliance module. | |
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Automated Reporting to Regulators Direct submission features to regulatory agencies via portal/API. |
Direct submission of regulatory reports enabled through portal/API. | |
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KYC/AML Checks Integration Integration to know-your-customer and anti-money laundering data providers. |
KYC/AML integration included for investor onboarding through partner APIs. | |
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Historical Version Controls Ability to retrieve and report historical data by effective date. |
Historical version controls and effective date reporting present for audit purposes. | |
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Data Masking for Sensitive Fields Masked display of sensitive regulatory and client data. |
Sensitive data field masking for users without appropriate access. | |
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Automatic Breach Reporting Instant reporting and alerting of compliance breaches. |
Automatic compliance breach reporting/alerting included. |
Security and Data Protection
(7 Yes /7 Known /10 Possible features)
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Multi-factor Authentication Support for two-factor or multi-factor user authentication. |
Multi-factor authentication offered for user access security. | |
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Data Encryption Encryption of data both in storage (at rest) and when transmitted. |
Data encryption at rest and in motion is stated as a security standard. | |
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Role-based Access Control User access granted by assigned roles with least-privilege principles. |
Role-based access controls with least-privilege model are core to platform security. | |
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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. |
Regular penetration and vulnerability testing performed by InvestCloud security team. | |
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Audit Logging and Monitoring Comprehensive audit logs accessible for investigation. |
Full audit logging and monitoring system activity is available to authorized users. | |
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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. |
Secure deletion processes in place per GDPR and industry standard. | |
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GDPR/Data Privacy Compliance System compliance with major privacy laws (GDPR, CCPA, etc.). |
GDPR and major data privacy regulation compliance highlighted in global SaaS deployments. |
Performance, Scalability, and Availability
(3 Yes /3 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. |
Supports horizontal scalability by adding application servers in cloud or on-premise deployments. | |
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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. |
Auto-scaling is referenced for cloud-based offerings in InvestCloud documentation. | |
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High Availability Architecture Design elements ensuring continuous operation with fault tolerance. |
High-availability architecture (redundancy, clustering) is included in PFS-PAXUS deployments. | |
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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
(8 Yes /8 Known /10 Possible features)
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License Models Supported Support for various license models (SaaS subscription, on-premise, etc.). |
Supports multiple license models, including SaaS subscription and on-premise. | |
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Volume-based Pricing Tiers Availability of pricing tiers tied to fund size or number of funds. |
Volume-based pricing is available for fund administrators of varying size. | |
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Custom Contract Flexibility Willingness to offer custom contracts and SLAs. |
InvestCloud offers contract/SLA flexibility per client requirements. | |
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Implementation Support Availability of vendor support during setup and onboarding. |
Dedicated implementation services and support provided to each new client. | |
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24/7 Client Support Round-the-clock live support availability. |
Cited as having around-the-clock (24/7) client support as part of premium service. | |
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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. |
User knowledge base/portal for self-help and community support available via vendor. | |
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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. |
Full support for migration of data from legacy systems per onboarding process documentation. | |
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Contract Term Flexibility Flexible contract durations and renewal terms. |
Contract term flexibility is typical for InvestCloud contracts. |
Customization, Extensibility, and Upgradability
(9 Yes /9 Known /9 Possible features)
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User-defined Workflows Support for building custom workflows and automations without vendor involvement. |
User-defined (no-code/low-code) workflow tools available to power users and admins. | |
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Plugin/Extension Framework Ability to add custom modules or extensions to core platform. |
Plugin/extension framework permit clients to add new modules or extensions per documentation. | |
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Custom Fields and Forms Users can add custom fields, forms, and data attributes. |
Custom fields and forms can be configured by admin users in PFS-PAXUS. | |
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Scripting/SDK Support Availability of scripting or SDK for advanced customizations. |
Advanced clients/developers can use scripting or SDK for specialist customizations. | |
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Branding/White-labeling Option to customize the user interface and reports with firm branding. |
White-label and branding options available for client-branded portals/reports. | |
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Upgrade Path Clarity Clear communication on how upgrades are managed and delivered. |
Clear upgrade process and communication are referenced in client onboarding packs. | |
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Backward Compatibility Ensures new versions do not break existing integrations or customizations. |
Backward compatibility maintained in platform releases, per client advisory bulletins. | |
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Open API Documentation Comprehensive developer documentation for system APIs. |
API documentation publicly available for developers and integration partners. | |
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Sandbox/Test Environment Access to a separate environment for testing customizations and updates. |
Test/sandbox environments provided for all integrations and user customizations. |
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