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FundCount from FundCount
Integrated partnership and portfolio accounting software, supporting multi-entity, multiple-currency fund structures, investment analytics, fee calculations, and investor reporting with robust workflow automation.
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. |
FundCount advertises automated NAV calculation incorporating assets and liabilities as a core capability. | |
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Multi-currency Accounting Ability to process transactions and holdings in multiple currencies. |
The product supports processing in multiple currencies for both accounting and reporting. | |
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Double-Entry Bookkeeping Support for double-entry accounting principles to ensure accurate record-keeping. |
Double-entry bookkeeping is explicitly supported in FundCount, per product documentation. | |
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Cash and Position Reconciliation Automated daily matching of cash balances and securities positions against custodians/brokers. |
Daily cash and position reconciliation with custodians/brokers is a featured workflow. | |
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Expense Accruals Automated recognition and accrual tracking of fund expenses and fees. |
Expense accrual calculation and tracking is included for funds. | |
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Income Recognition Recognition and allocation of dividends, interest, and other income streams. |
FundCount supports allocation and recognition of income items such as dividends and interest. | |
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Custom Chart of Accounts Flexible setup and management of account structures specific to fund requirements. |
Custom chart of accounts and fund-specific account structures are in the product. | |
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Accounting Period Management Handling and control over multiple open/close accounting periods. |
Handles multiple open/close accounting periods for fund operations. | |
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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. |
Product highlights real-time processing of transactions and workflows. | |
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Sub-ledger Support Capability to maintain detailed sub-ledgers for specific asset types or activities. |
Sub-ledger support for different asset types is documented as a key feature. | |
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Audit Trail Comprehensive tracking of all changes, edits, and transactions for audit purposes. |
FundCount maintains detailed audit trails for transaction and editing activities. | |
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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
(10 Yes /10 Known /13 Possible features)
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Automated Event Capture Integration or feed for identifying and importing corporate action events. |
Product allows integration or feeds for corporate action event capture. | |
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Voluntary/ Mandatory Action Handling Ability to process both voluntary and mandatory events (e.g., tender offers, stock splits). |
FundCount supports both voluntary and mandatory action processing. | |
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Entitlement Calculation Accurate calculation of holdings impact and entitlements for all corporate actions. |
Entitlement and impact calculations for corporate actions are included. | |
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Event Notification Automated alerts and workflows for pending and processed events. |
Automated workflow and notifications for pending and processed events is part of the workflow engine. | |
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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 and backdated corporate actions can be recognized/corrected in FundCount. | |
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Market Data Integration Capability to import corporate action data from market data vendors. |
Market/corporate action data integration from external vendors is supported. | |
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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. |
Handles processing across multi-class fund/share structures. | |
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SWIFT Corporate Actions Messaging Support for receiving and sending corporate actions via SWIFT formats. |
SWIFT for corporate actions is among file/data format options. | |
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Audit Logging of Corporate Actions Audit trail specifically for all corporate action processes. |
No information available | |
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Manual Input Options Facility for users to manually input or override corporate action details. |
Manual input and override of corporate action details is supported. | |
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Tax Impact Calculation Automated calculation and booking of tax implications linked to corporate actions. |
FundCount incorporates tax impact calculation within corporate action processing. |
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 income distributions and dividend scheduling are included. | |
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Income Allocation Methods Support for various allocation methods (pro-rata, FIFO, LIFO, custom rules). |
Supports pro-rata, FIFO, LIFO, and user-customized allocation rules. | |
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Gross/Net Distribution Processing Ability to compute both gross and net amounts for distribution to investors. |
Gross and net allocation support for investor payments is included. | |
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Dividend Reinvestment Support Automatic reinvestment of income distributions into fund units. |
Automatic dividend reinvestment is supported as an option for distributions. | |
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Multi-Tier Shareholder Structures Support for allocating and processing income across different shareholder classes, tranches, or series. |
Multiple shareholder classes/tranches/series income allocation supported. | |
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Tax Withholding Calculations Automated withholding and reporting of taxes on distributions. |
System handles tax withholding on distributions and reporting. | |
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Payment Channel Options Ability to distribute via multiple channels (ACH, cheque, SWIFT, etc.). |
Distribution can be made via ACH, cheque, and SWIFT (multi-channel payments). | |
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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 allocation adjustment for shareholder corrections is supported. | |
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Reporting on Distributions Automated generation of reports detailing distribution calculations and payments. |
Distribution and payment reporting is available as standard. | |
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Ex-Date/Record-Date Processing Automated processing of distributions based on relevant ex-dates and record-dates. |
Handles ex-date/record-date processing for distributions. | |
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Custom Distribution Rules Support for user-defined or fund-specific income distribution logic. |
Custom/share or fund-specific distribution logic configurable by user. |
Financial Reporting
(9 Yes /9 Known /11 Possible features)
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Standard Financial Statements Automated production of balance sheets, income statements, and cash flow statements. |
Product generates standard financial statements automatically. | |
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Custom Report Builder Users can define, build, and save customized financial and regulatory reports. |
Has a custom report builder for user-defined and regulatory reports. | |
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Automated Regulatory Reporting Out-of-the-box support for regulatory templates (e.g., SEC, UCITS, AIFMD, IFRS). |
Automated support for regulatory reporting forms/standards (e.g., SEC, IFRS). | |
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Multi-period Comparative Reporting Produce reports with side-by-side comparisons over multiple reporting periods. |
Multi-period comparative reports are an available feature. | |
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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 distribution/emailing of reports is possible. | |
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Drill-down Reporting Interactive reporting with the ability to drill-down to transaction-level data. |
Provides drill-down transactional reporting. | |
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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. |
Customizable financial statement disclosure notes are supported. | |
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Reconciliation Reports Automated production of cash/position reconciliation reports for audit and compliance. |
Reconciliation reporting is available for cash/positions. | |
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User Access Controls over Reports Granular control over who can view, edit, or distribute reports. |
Granular user access/security controls extend to report level. |
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. |
API documentation describes REST endpoints for integration. | |
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Batch File Import/Export Support for bulk upload or download of data in file formats (CSV, XML, JSON, etc.). |
Batch imports and exports (e.g., CSV/XML) are supported. | |
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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). |
Specific market/price feed integrations (Bloomberg, Reuters, etc.) are listed. | |
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Third-party System Compatibility Supports integration with common risk, trade order management, and compliance systems. |
Integrates with third-party OMS, risk and compliance tools. | |
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Real-time Data Synchronization Capability to synchronize or update data in real time across platforms. |
Real-time data synchronization mentioned as core platform strength. | |
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SWIFT Message Support Support for sending/receiving financial messages in SWIFT format. |
Supports SWIFT protocols for messaging and data transfer. | |
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Data Validation and Cleansing Automated checking, mapping, and correction of incoming data feeds. |
Built-in data integrity/validation tools for upstream 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. |
Error alerts and exception reporting for data integration are included. | |
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Flexible Data Mapping User-configurable data mapping between external and internal systems. |
Flexible user-defined mapping for inbound/outbound data feeds. | |
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Multi-tenancy Support System can segregate data and workflows for multiple clients within the same platform. |
Multi-tenancy options are available (segments clients on same instance). |
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. |
Custom dashboards and KPI widgets can be configured for each user. | |
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Workflow Engine Integrated workflow tools to define, trigger, and automate business processes. |
Workflow engine enables automation and custom business process design. | |
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User Roles and Permissions Granular control over user access, editing, and approval rights. |
Sophisticated user and permission model, per documentation. | |
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Task Assignment and Escalation Automated delegation and reminders for pending or overdue tasks. |
Task assignment, escalation and reminders are core to workflow. | |
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Bulk Processing Support for bulk editing, approvals, or transaction uploads. |
Bulk processing tools for transactions, uploads and approvals. | |
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Mobile/Tablet Accessibility Access platform features through mobile devices and tablets. |
Web-accessible and designed for desktop and mobile (tablet/phone) use. | |
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Language Localization Support for multiple languages for interface and reporting. |
Multi-language support for UI and report outputs. | |
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Training and Help Resources Integrated user guides, video tutorials, and context-sensitive help. |
Training resources and help guides embedded in the platform. | |
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Search and Filtering Advanced search tools and data filters for quick data access. |
Advanced search and custom filtering features throughout system. | |
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User Activity Logging Automatic recording of user actions for security and compliance. |
Comprehensive audit logs and user activity tracking. | |
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Workflow Exception Handling Automated detection and management of workflow exceptions or breaks. |
Workflow exceptions and exceptions management included. | |
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Document Management Store and retrieve associated fund documentation within the platform. |
Full document management suite for fund docs. |
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. |
Automated compliance and policy engine with regulatory and custom rules. | |
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Approval Workflows Multi-level approval workflows for sensitive tasks and sign-offs. |
Multi-level approval workflows for key tasks supported. | |
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Exception Alerts Automated warning and escalation for compliance exceptions. |
Alerts and escalation for compliance/exception rules are available. | |
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Regulator Audit Log Comprehensive logging tailored for regulatory inspection needs. |
Specialized regulator-facing audit logs are available. | |
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Segregation of Duties Controls to ensure critical functions are performed by separate users. |
Supports segregation of duties via strict role management. | |
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Threshold Monitoring Pre-set limits for exposures, transactions, or NAV deviations triggering alerts. |
Threshold monitoring and real-time alerting on breaches. | |
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Automated Reporting to Regulators Direct submission features to regulatory agencies via portal/API. |
Regulatory submissions via portal/API are supported. | |
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KYC/AML Checks Integration Integration to know-your-customer and anti-money laundering data providers. |
Integrates with KYC/AML providers for compliance. | |
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Historical Version Controls Ability to retrieve and report historical data by effective date. |
Historical version and effective date controls are available. | |
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Data Masking for Sensitive Fields Masked display of sensitive regulatory and client data. |
Sensitive fields are masked in UIs and reporting as standard practice. | |
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Automatic Breach Reporting Instant reporting and alerting of compliance breaches. |
Automatic breach alerting/reporting included in compliance engine. |
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 (2FA, etc.) is offered. | |
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Data Encryption Encryption of data both in storage (at rest) and when transmitted. |
Data encryption at rest and in transit is industry-standard for FundCount. | |
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Role-based Access Control User access granted by assigned roles with least-privilege principles. |
Role-based access control enforced for all users and data. | |
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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/vulnerability testing is scheduled. | |
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Audit Logging and Monitoring Comprehensive audit logs accessible for investigation. |
Extensive audit logging and monitoring tools accessible for investigations. | |
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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. |
FundCount guarantees secure, irreversible data destruction for client data. | |
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GDPR/Data Privacy Compliance System compliance with major privacy laws (GDPR, CCPA, etc.). |
FundCount asserts compliance with major privacy regulations (GDPR, CCPA, etc.). |
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. |
Product is designed for horizontal scalability through cloud/virtual deployment. | |
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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. |
Includes built-in cloud autoscaling for larger client needs. | |
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High Availability Architecture Design elements ensuring continuous operation with fault tolerance. |
High-availability/fault-tolerant architecture is part of the offering. | |
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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 SaaS, on-premise, and hybrid licensing models. | |
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Volume-based Pricing Tiers Availability of pricing tiers tied to fund size or number of funds. |
Flexible pricing tiers depending on volume, funds and features. | |
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Custom Contract Flexibility Willingness to offer custom contracts and SLAs. |
Custom contracts and SLAs available for enterprise clients. | |
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Implementation Support Availability of vendor support during setup and onboarding. |
Vendor provides onboarding and implementation support for new clients. | |
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24/7 Client Support Round-the-clock live support availability. |
24/7 client support available for critical technical issues. | |
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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. |
Knowledge base and community/user portal accessible for self-help. | |
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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. |
Data migration tools and services provided for onboarding. | |
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Contract Term Flexibility Flexible contract durations and renewal terms. |
Offers flexible contract lengths and renewals. |
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. |
Supports user-driven custom workflow creation within platform. | |
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Plugin/Extension Framework Ability to add custom modules or extensions to core platform. |
Allows addition of plugins and extensions via open APIs and vendor SDK. | |
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Custom Fields and Forms Users can add custom fields, forms, and data attributes. |
Custom fields and forms can be added for various workflow elements. | |
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Scripting/SDK Support Availability of scripting or SDK for advanced customizations. |
Scripting/programming accessible via SDK for custom functions. | |
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Branding/White-labeling Option to customize the user interface and reports with firm branding. |
UI and report white-labeling/branding for clients is available. | |
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Upgrade Path Clarity Clear communication on how upgrades are managed and delivered. |
Product documentation addresses upgrade process and backward compatibility. | |
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Backward Compatibility Ensures new versions do not break existing integrations or customizations. |
Upgrades avoid breaking custom extensions or integrations. | |
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Open API Documentation Comprehensive developer documentation for system APIs. |
Public API documentation is provided on the developer portal. | |
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Sandbox/Test Environment Access to a separate environment for testing customizations and updates. |
Clients get a separate test/sandbox environment for validation and customization. |
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