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addactis® Reserving from IDEX by ADDACTIS
Comprehensive actuarial reserving software for non-life insurers, covering deterministic and stochastic reserve assessment, interactive dashboards, regulatory compliance, and advanced data visualization.
Product analysis by function
Reserve Analysis Systems for Actuarial Department
Software that helps actuaries calculate and monitor insurance reserves, ensuring the company maintains adequate funds to meet future claim obligations.
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Core Reserve Calculation
(7 Yes /7 Known /10 Possible features)
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Multiple Reserve Methods Support Ability to calculate reserves using a variety of commonly used actuarial methods (Bornhuetter-Ferguson, Chain Ladder, Mack, etc.). |
addactis® Reserving advertises support for all major actuarial reserving methods, including deterministic methods like Chain Ladder, Bornhuetter-Ferguson, and stochastic methods such as Mack, as per product documentation. | |
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Custom Formula Builder Allows users to implement custom reserve formulas and tweak assumptions to fit their company’s specific needs. |
Official documentation highlights custom formula capability, allowing users to tweak assumptions and build bespoke calculation models. | |
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Assumption Management Centralized management of actuarial assumptions (loss development factors, claim frequency, severity, etc.). |
Centralized assumption management solution is described in marketing materials and manuals, including factors like LDFs and claim severity. | |
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Parameter Versioning Keeps track of changes to key reserving parameters and allows rollback or audit of past changes. |
Parameter versioning and audit trail of changes are specifically noted as key features in regulatory compliance component. | |
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Reserve Adequacy Testing Capabilities for stress testing and scenario analysis to check the adequacy of reserves under varied conditions. |
Stress-testing and scenario analysis for reserve adequacy are listed in the features for both deterministic and stochastic assessment. | |
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Bulk Valuation Runs Ability to process reserve calculations in bulk (e.g., many portfolios or lines at once). |
Bulk processing options are available, per workflow diagrams and user guides describing batch runs on multiple reserving portfolios. | |
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Outlier Detection Flags or highlights unusual results or potential data quality issues in reserve calculations. |
Outlier detection and data anomaly flagging are included in the product’s data validation and quality control modules. | |
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Speed of Calculation The time needed to complete a standard reserve calculation. |
No information available | |
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Calculation Capacity The number of concurrent reserve calculations the system can handle. |
No information available | |
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Granularity of Calculation The finest level of data (policy, claim, line of business, coverage) at which reserves can be calculated. |
No information available |
Data Handling and Integration
(7 Yes /7 Known /10 Possible features)
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Multi-source Data Import Ability to import data from multiple policy admin, claims, and financial systems. |
Multi-source import is confirmed: supports integration with policy admin, claims, and financial data sources. | |
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Data Validation Engine Automated checks for missing, inconsistent, or erroneous data on import or entry. |
Automated data validation (missingness/inconsistency) processes are clearly documented in technical specifications. | |
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Data Mapping Tools Support for mapping incoming data fields to the system’s internal schema. |
Data mapping and ETL (Extract, Transform, Load) tools are supported for mapping imported data fields. | |
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Historical Data Support Ability to store, retrieve, and analyze historical claim and reserve data back many years. |
Historical data storage and retrieval supported for long-term multi-year actuarial analysis. | |
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Real-time Data Sync Supports real-time or near real-time synchronization with upstream systems. |
Real-time or near real-time data synchronization capabilities are highlighted for integration with upstream systems. | |
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APIs for External Integration Available APIs for integration with other enterprise systems (finance, reporting, ERP, etc.). |
APIs for data integration with third-party and internal systems are available for enterprise use. | |
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Bulk Data Processing Speed The rate at which the system can process imported data. |
No information available | |
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Export Formats Supported Number of supported formats (CSV, Excel, JSON, etc.) for data export. |
No information available | |
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Data Retention Period The length of time historical data is retained in the system. |
No information available | |
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Data Anonymization Provides tools to anonymize sensitive policy or claim data before export or sharing. |
Data anonymization features are available for reporting and compliance with privacy requirements. |
Reporting and Visualization
(7 Yes /7 Known /10 Possible features)
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Standard Report Library A suite of out-of-the-box reserving and compliance reports required by regulators and management. |
A large library of standard regulatory and management reports is one of the advertised features. | |
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Custom Report Builder Interactive interface for building and modifying custom reserve and actuarial reports. |
Interactive custom report builders are demonstrated in available tutorials and sales collateral. | |
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Dashboard Creation Tools Enables users to assemble dashboards with key metrics, visualizations, and drilldowns. |
Dashboard creation and editing tools for user-defined layouts are available per the online demo. | |
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Automated Report Scheduling Ability to schedule regular automated report generation and distribution. |
Automated scheduling of reports for routine regulatory submissions is supported, according to feature lists. | |
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Interactive Data Visualization Allows users to interact with charts, graphs, and tables for deeper analysis. |
Interactive data visualization and drilldown is a prominent selling point; numerous charting and data exploration UI elements. | |
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Export to PDF/Excel/CSV Support for exporting reports and dashboards in common file formats. |
Exporting capabilities to PDF, Excel, and CSV are confirmed throughout documentation. | |
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Mobile Report Access Ability to securely access key reports via mobile devices. |
No information available | |
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User-level Access Controls Granular control over which users and teams can see or customize which reports. |
Role- and user-based access controls for dashboards and reporting are listed in specifications. | |
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Report Generation Speed Time taken to generate a standard report for a typical portfolio. |
No information available | |
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Concurrent Report Users The number of users who can simultaneously generate or view reports. |
No information available |
Governance and Auditability
(9 Yes /9 Known /10 Possible features)
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Comprehensive Audit Trail Automatic logging of all key user actions and system changes with timestamps. |
Comprehensive audit trail and change log is part of compliance toolkit, as stated for SOX and Solvency II readiness. | |
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Role-based Access Management Allows granular allocation of user rights and responsibilities. |
Role-based access management is present, granular controls for user rights highlighted in configuration pages. | |
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Approval Workflow Support for multi-level approval processes for key changes to reserves or assumptions. |
Approval workflow for reserving process and assumptions is detailed in the product’s workflow and governance modules. | |
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Regulatory Report Templates Pre-configured templates for regulatory reporting (e.g., Solvency II, IFRS 17, NAIC). |
Pre-configured report templates specifically for Solvency II, IFRS 17, and other major frameworks are available according to regulatory compliance documentation. | |
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Change Log Retention Number of years audit logs are retained. |
No information available | |
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Assumption Change Notification Notifies stakeholders on critical model parameter and assumption changes. |
Automatic notifications on assumption/model parameter changes are part of system alerts and audit trail. | |
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SOX Compliance Support System supports controls and workflows relevant for Sarbanes-Oxley (SOX) compliance. |
SOX compliance support is a key selling point toward U.S. and multinational insurers, indicated in compliance module. | |
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Automated Documentation Generates system documentation, especially for model changes or overrides. |
Automated model documentation generation for override and model change logs is noted as a regulatory feature. | |
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External Auditor Access Special access modes for external auditors with read-only and export-limited permissions. |
External auditor read-only modes and restricted-access profiles are available and detailed in user management guidance. | |
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Control Dashboard Provides a dashboard for at-a-glance status on compliance and recent audit events. |
Compliance and audit control dashboard is specifically noted as a feature for actuaries and auditors in UI screenshots. |
Scenario and Sensitivity Analysis
(8 Yes /8 Known /10 Possible features)
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Scenario Builder Allows creation and storage of alternative reserving scenarios (economic, regulatory, catastrophic events, etc.). |
Scenario builder allows creation and storage of alternative scenarios for sensitivity analysis; shown in guided workflows. | |
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Sensitivity Analysis Engine Tool to automatically analyze the impact of varying key reserving assumptions. |
Sensitivity analysis engine built into software for real-time assessment of changes in key assumptions. | |
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Scenario Run Speed The time needed to complete a scenario analysis run. |
No information available | |
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Concurrent Scenario Processing Number of scenarios that can be processed in parallel. |
No information available | |
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Scenario Visualization Tools Visualization tools for comparing the outcome of multiple scenarios. |
Scenario visualization and comparison dashboards are demonstrated in promotional and training material. | |
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Probabilistic Simulation Support Ability to model stochastic scenarios for reserve distributions. |
Probabilistic simulation and stochastic modules (e.g., Mack, bootstrapping) are included, per product technical datasheet. | |
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Scenario Archive Ability to retain and retrieve prior scenarios for audit and reporting. |
Scenario archive capabilities (historical scenario saving for audits and reports) are present as per compliance requirements. | |
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Key Assumption Overlay Visual overlay of key assumptions and their effect on different scenarios. |
Visualization of key assumptions and their impacts on scenarios is supported; viewed in scenario overlays. | |
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Impact Quantification Automated quantification of financial impact for each scenario. |
Financial impact quantification for each scenario is automatically computed and visualized in scenario comparison views. | |
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User-defined Macroeconomic Variables Allows input of custom macroeconomic factors affecting scenarios. |
User-defined macroeconomic variables for scenario models are supported, as described in the 'Advanced scenario modeling' module. |
User Experience (UX) and Accessibility
(6 Yes /6 Known /10 Possible features)
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Modern User Interface Intuitive and easy-to-navigate interface suitable for actuarial work. |
Modern, intuitive UI for actuarial use is promoted in UX documentation and demos. | |
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Customizable Dashboards Users can rearrange, add, or remove dashboard components to fit their workflow. |
Dashboards are user-customizable; users can add, remove, rearrange widgets and graphs to fit their workflow. | |
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Multi-language Support Availability of the system in multiple languages for global teams. |
International client base and documentation indicate the presence of multi-language system options. | |
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Keyboard Shortcuts Provides productivity-enhancing shortcuts for frequent tasks. |
No information available | |
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Accessible Design WCAG and accessibility compliance for users with disabilities. |
No information available | |
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In-app Training Modules Onboarding and training resources embedded directly within the system. |
In-app onboarding and training modules are specifically mentioned as part of the product’s user support features. | |
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User Feedback Loop In-system tools for users to log bugs and request improvements. |
System allows users to log requests and bugs via integrated feedback loop, with triage and followup. | |
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Mobile Responsive Interface Adapts layout and controls for mobile screens. |
Mobile responsive UI, with access to dashboards and reports via tablets and phones, is outlined in product overview. | |
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Customizable Themes Users can choose themes, colors, and font sizes for accessibility and comfort. |
No information available | |
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Page Load Speed How quickly the main dashboard loads under typical usage. |
No information available |
Collaboration and Workflow
(6 Yes /6 Known /10 Possible features)
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Multi-user Collaboration Allows multiple actuaries to work on the same reserve project simultaneously. |
Software advertises support for collaborative reserving work, so multiple users (actuaries) can work together in real time. | |
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Commenting and Annotations Users can leave comments and annotations on specific calculations or data points. |
Commenting and annotation features allow collaborative review and documentation on specific calculations. | |
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Task Assignment and Tracking Workflow tools for assigning, tracking, and reviewing reserving tasks. |
Task assignment and workflow tracking are part of the collaboration suite, per user manuals. | |
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Version Control for Workbooks Automatic tracking and rollback of analysis files and models. |
Version control for reserve workbooks and rollback are part of the audit and collaboration tools. | |
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Change Notification System Automatic alerts to users when relevant changes are made by others. |
Automated notifications for changes by other users are built into platform for collaboration. | |
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Calendar Integration Supports integration with corporate calendars for deadline and milestone tracking. |
No information available | |
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Internal Messaging Built-in or integrated messaging platform for team discussions. |
No information available | |
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Workflow Templates Predefined templates for typical reserving processes to standardize best practice. |
Workflow templates for common reserving tasks/processes are featured in onboarding modules/documentation. | |
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User Activity Heatmaps Visualize which parts of a workflow or project are most heavily used or modified. |
No information available | |
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Concurrent Users Supported Number of users who can simultaneously collaborate on workflows. |
No information available |
Security and Privacy
(9 Yes /9 Known /10 Possible features)
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End-to-end Encryption Encrypts data at rest and in transit to prevent unauthorized access. |
End-to-end encryption (both at rest and in transit) is detailed as part of compliance with industry cybersecurity standards. | |
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Single Sign-On (SSO) Supports integration with corporate identity and access management |
Support for single sign-on with enterprise identity providers (e.g., SAML, OAuth) is confirmed. | |
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Multi-factor Authentication Requires two or more verification steps for login. |
Multi-factor authentication supported for user logins (including two-factor), per security product whitepaper. | |
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IP Whitelisting Restricts logins to approved networks or devices. |
IP whitelisting and network restrictions for login are mentioned in IT admin documentation. | |
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Field-level Access Restrictions Controls which users see what data at the field-level. |
Field-level data access and row-level security discussed in configuration and compliance documents. | |
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Activity Monitoring System maintains detailed logs and alerts on suspicious activity. |
Caters for activity monitoring with detailed logs and alerts for suspicious/malicious user/system behavior. | |
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Automated Backup Frequency Frequency of system backups to prevent data loss. |
No information available | |
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Ransomware Protection Protection against data encryption attacks and rapid recovery protocols. |
Explicit mention of ransomware protection and rapid recovery in data protection outline. | |
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GDPR/Privacy Compliance Supports data privacy standards such as GDPR, CCPA. |
Describes compliance with GDPR and global privacy frameworks, specifically for international insurers. | |
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Secure Data Deletion Ensures permanent, auditable removal of data upon request. |
Secure, auditable deletion on request described as meeting regulatory erasure requirements. |
Deployment and Scalability
(6 Yes /6 Known /10 Possible features)
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Cloud, On-premise, Hybrid Deployment Available for deployment in the cloud, on-site, or hybrid models. |
Platform supports cloud, on-premise, and hybrid deployment models as standard for insurers. | |
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Elastic Compute Scaling Automatic scaling of compute resources based on demand. |
Cloud offering automatically scales compute based on workload and demand. | |
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Horizontal Scalability Limit Maximum number of concurrent nodes or instances supported. |
No information available | |
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Disaster Recovery Time Objective (RTO) Maximum expected time to restore service after major failure. |
No information available | |
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Zero-downtime Upgrades Supports system upgrades with no or minimal downtime. |
Product notes claim zero/minimal downtime during upgrades and patching. | |
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Multi-region Deployment Support for deployment across multiple geographic regions. |
Multi-region data and compute deployment is available for global insurer operations. | |
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API Throughput Sustained requests per second the API can process. |
No information available | |
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Automated Security Patch Management Automated deployment of security patches without user disruption. |
Security patch management is automated and non-disruptive according to system administration materials. | |
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Load Balancing Load automatically distributed to prevent overloads. |
System includes automatic load balancing and resource distribution to prevent bottlenecks. | |
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Supported Database Types Number of types of databases supported (SQL, NoSQL, etc.) |
No information available |
Support and Vendor Services
(8 Yes /8 Known /10 Possible features)
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24/7 Technical Support Round-the-clock technical support via phone, chat, or ticketing. |
24/7 technical support and ticketing confirmed in client service documentation. | |
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Dedicated Account Manager Vendor provides a named person as primary point of contact. |
Dedicated account manager for enterprise clients is standard. | |
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User Community and Forums Access to user community for best practices and problem-solving. |
User forums and a support community are accessible to all licensed users. | |
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Onsite Training Vendor-provided training at client location. |
Onsite and remote training options are part of standard onboarding packages. | |
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Online Knowledge Base Comprehensive searchable documentation and guides. |
Searchable online knowledge base and technical documentation portal is available. | |
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Regular Feature Updates Frequency with which new system features are released. |
No information available | |
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Implementation Services Help with onboarding, data migration, and system configuration. |
Onboarding, migration, and configuration support is provided as part of implementation services. | |
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Custom Feature Development Vendor offers or supports custom development for unique client needs. |
Custom development for client-specific features is available by contract with the vendor. | |
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SLAs for Issue Resolution Clear service-level agreements for how quickly issues are resolved. |
SLAs for support and issue resolution are well-documented (examples in client contracts). | |
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Supported Localizations Number of supported languages/locales for documentation and support. |
No information available |
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