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Includes scenario analysis, sensitivity, and stress testing functionality to assess insurance policy impacts under IFRS 17 and regulatory compliance frameworks.
Software that simulates extreme events and market conditions to assess potential impacts on the insurer's financial position and solvency.
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Stochastic Modeling Ability to conduct simulations using probabilistic assumptions and random variables. |
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Deterministic Stress Testing Capability to impose specified stresses (factor shocks, deterministic scenarios) on models. |
Marketing material explicitly states “stress testing” capabilities; deterministic stresses are the standard form of stress testing. | |
Reverse Stress Testing Identification of scenarios that would cause the business model to fail. |
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Custom Scenario Building Facility to build and define customized stress scenarios. |
Scenario analysis wording implies users can define-and-run tailored scenarios rather than being limited to a fixed set. | |
Historical Scenario Replay Ability to replicate and analyze historically significant financial shocks. |
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Monte Carlo Simulation Support for Monte Carlo techniques to model and quantify tail risks. |
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Frequency of Runs Number of simulations the tool can run per unit time. |
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Computation Speed Time taken to complete a standard scenario analysis task. |
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External Data Integration Ability to import real-world or third-party data for simulation. |
Solution integrates with actuarial, policy, and general-ledger systems, satisfying external data integration. | |
Scenario Library Pre-loaded repository of standard stress and scenario templates. |
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Cashflow Projection Capability to generate detailed projected cashflows under simulated events. |
Measurement models under IFRS 17 require discounted future cash-flow projections; the vendor highlights this in product brochures. | |
Nested Stochastic Simulation Ability to run stochastic simulations within each main simulation to model path-dependent effects. |
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Scenario Parameterization Options to adjust scenario variables dynamically (severity, duration, correlation, etc). |
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Event Correlation Modeling Ability to model and apply correlations between simulated events. |
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Capital Adequacy Assessment Quantification of capital requirement post-stress/scenario simulations. |
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Solvency Ratios Calculation of solvency margins and ratios (e.g., Solvency II SCR, MCR). |
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Probability of Ruin Estimation of the probability of default/insolvency under various scenarios. |
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Loss Distribution Curve Graphical and tabular display of potential losses and their probabilities. |
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Value at Risk (VaR) Calculation of VaR at configurable confidence levels. |
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Conditional Tail Expectation (CTE) Computation of expected loss beyond the VaR threshold. |
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Impact on Profit and Loss Projection of changes in P&L under stress scenarios. |
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Multi-Period Risk Outputs Capability to project risk outcomes over several future periods. |
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Risk Aggregation Consolidation of risk impacts across business lines, regions, or portfolios. |
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Scenario Comparison Side-by-side presentation of results from different scenarios. |
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Stress Impact Attribution Breakdown of stress impacts by source, driver, or risk category. |
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Custom Metric Configuration Support for user-defined risk metrics/outputs. |
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Sensitivity Analysis Ability to assess risk metric sensitivity to individual input parameters. |
Product description lists “sensitivity” analysis as a core function. |
Regulatory Scenario Templates Pre-built scenarios based on regulatory specifications (e.g., EIOPA, NAIC). |
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Automated Regulatory Reports Generation of reports formatted for regulatory submissions. |
As an IFRS 17 compliance engine, the solution automatically produces regulatory disclosure and journal-entry reports that are submitted to supervisors. | |
Audit Trail Comprehensive logging of model inputs, outputs, changes, and assumptions. |
IFRS 17/finance compliance tools from Aptitude advertise ‘full auditability’ of data and calculations. | |
Model Validation Tools Functionality for validating and documenting scenario and stress test methodologies. |
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Version Control Tracking and management of changes to scenarios, parameters, and models. |
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GRC Integration Integration with Governance, Risk, and Compliance systems. |
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Regulatory Updates Notification Alerting users to changes in regulatory requirements affecting stress testing. |
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Submission History Archive Archival of past regulatory submissions and associated data. |
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Configurable Disclosure Formats Ability to generate reports in various regulatory-required formats (XBRL, PDF, Excel). |
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Web-Based Interface Accessible via standard web browsers without additional installations. |
Solution is accessed through a browser-based UI according to the product page FAQs. | |
Customizable Dashboards User-configurable real-time display of key metrics and outputs. |
Demo videos show configurable IFRS 17 KPI dashboards. | |
Role-Based Access Control User permissions and feature access based on roles. |
Enterprise finance platform offers role-based security to segregate accounting vs. actuarial users – mentioned in security datasheet. | |
API Connectivity Ability to interface programmatically with other applications via API. |
Vendor documentation refers to a REST/JSON API for data ingestion and extraction. | |
Multilingual Support Localization features for multiple languages. |
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Mobile Device Compatibility Support for tablets and mobile devices. |
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Search and Filter Functionality Ability to quickly locate scenarios, data, or reports. |
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User Training Materials Availability of tutorials, help files, and demo data. |
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Accessibility Compliance Meets accessibility standards (WCAG, etc) for users with disabilities. |
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Bulk Data Import/Export Support for large data file uploads, downloads, and transformation. |
System supports loading large accounting and policy data files and exporting results for GL posting. | |
Data Validation Rules Automated checks to ensure accuracy, completeness, and integrity of input data. |
Data import routines include validation checks (completeness, format) flagged in the implementation guide. | |
Data Encryption At Rest Protection of stored data with encryption. |
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Data Encryption In Transit Security of data as it moves between systems. |
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Data Retention Policy Management Configuration of how long different categories of data are kept. |
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Third-Party Dataset Integration Easily use market, macroeconomic, catastrophe, and other external data. |
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Audit Log for Data Changes Tracking of all changes to scenario data and inputs. |
Change logs for source data and manual adjustments are maintained for audit—highlighted as ‘end-to-end lineage’. | |
High-Volume Data Handling Capacity to process and store large-scale data (number of policies, claims, scenarios, etc). |
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Automated Data Cleansing Automated routines to identify and resolve data quality issues. |
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Scheduled Data Imports Ability to automate data ingestion at set times/frequencies. |
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Model Documentation Module Formal documentation for each scenario or stress testing model. |
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Model Governance Workflow Structured workflow for model review, approval, and adoption. |
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Change Management for Models Tools to track, approve and audit changes to models. |
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Model Validation Suite Set of tools for independent validation and verification of results. |
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Model Inventory Centralized register of all deployed models and their versioning. |
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Assumption Management Functionality to record and track assumptions made within models. |
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Sensitivity Testing Controls Specific features for testing the impact of changes in key assumptions. |
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Automated Model Performance Testing Automatic testing and reporting of model performance over time. |
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Multi-Core Parallel Processing Leverages multiple CPU cores for faster simulation. |
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Cloud Deployment Options Deployment and scaling in a cloud environment. |
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On-Premises Deployment Option Availability of on-premises installation. |
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Horizontal Scalability Ability to improve performance by adding more compute nodes. |
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Real-Time Processing Support for near-instant scenario analysis and result generation. |
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System Uptime Guaranteed operational continuity of the platform. |
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Disaster Recovery Capabilities for system and data recovery in the event of major failures. |
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Job Scheduling & Queue Management Automated scheduling and prioritization of simulation jobs. |
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Elastic Resource Allocation Dynamically adjust computing resources based on workload. |
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Report Customization User-defined layout, content, and branding of reports. |
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Interactive Visualizations Dynamic, graphical output (charts, dashboards) for scenario results. |
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Scheduled Report Distribution Automated delivery of reports to stakeholders on a timetable. |
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Export to Multiple Formats Reports available in widely used formats such as Excel, PDF, HTML, CSV. |
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Narrative Commentary Tool Feature for adding commentary and qualitative analysis to reports. |
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Drill-Down Capabilities Ability to explore results at multiple levels of granularity. |
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Scenario Result Snapshotting Saving point-in-time results for future comparison and audits. |
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Time-Series Output Support Export and visualization of scenario impact over time. |
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Single Sign-On (SSO) Supports authentication via Single Sign-On protocols (SAML, OAuth, etc). |
Datasheet lists SAML-based Single Sign-On to align with corporate identity providers. | |
Multi-Factor Authentication (MFA) Requirement for multiple authentication factors for login. |
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User Activity Monitoring Tracking and reviewing user actions within the system. |
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Granular Permission Settings Detailed permissions for users and groups for each module or dataset. |
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IP Whitelisting/Blacklisting Restrict system access based on network location/IP. |
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Automatic Session Timeout Automatic logout after a period of inactivity. |
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Encryption Key Management Secure management of cryptographic keys. |
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Security Patch Management Regular application of security updates. |
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Core Insurance System Integration Ability to connect with policy, claims, and financial systems. |
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Third-Party Data Feeds Automated ingestion of external market, macroeconomic, and catastrophe data. |
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Open API Availability of public APIs for programmatic integration. |
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Plug-In Architecture Support for customizable add-ons and extensions. |
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ETL Tools Integration Compatibility with Extraction, Transformation, Loading tools. |
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SFTP/FTP Data Exchange Support for secure file transfer protocols. |
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Spreadsheet Integration Import/export of data from Microsoft Excel or Google Sheets. |
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24/7 Technical Support Availability of continuous support from vendor. |
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Dedicated Account Manager Assigned resource for customer support and relationship management. |
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Comprehensive User Documentation Detailed online and offline manuals, guides, and walkthroughs. |
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Release Notes and Changelogs Regular updates and explanations of new features or bug fixes. |
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User Community Forums Active forum/network for user collaboration and Q&A. |
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Training & Certification Programs Vendor-organized training sessions and formal certification. |
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Knowledge Base Searchable repository of FAQs, troubleshooting, and best practices. |
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Onboarding Assistance Personalized setup and usage support for new customers. |
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Applications that calculate required capital under various regulatory regimes (Solvency II, RBC, IFRS 17) and optimize capital allocation across business units.
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Solvency II Compliance Ability to perform capital calculations under the Solvency II regime. |
No information available | |
RBC (Risk-Based Capital) Compliance Supports calculations aligned with NAIC RBC and similar international standards. |
No information available | |
IFRS 17 Integration Seamless capital calculations considering IFRS 17 measurement model. |
Product name and collateral explicitly state IFRS 17 compliance as the primary solution purpose. | |
Local Regulatory Support Configurability to comply with local jurisdiction capital adequacy rules. |
No information available | |
Rapid Regime Updates Speed at which the system can be updated for new regulatory requirements. |
No information available | |
Multi-jurisdictional Reporting Ability to generate reports per regulation for insurers with cross-border operations. |
No information available | |
Scenario Testing for New Regimes Support for simulating potential changes in regulatory regimes. |
Aptitude marketing material describes scenario and sensitivity analysis for regulatory frameworks, implying support for testing prospective regime changes. | |
Automated Regulatory Reporting Automated generation of regulatory reporting templates and documents. |
No information available | |
Transitional Regulations Support Handles transitional arrangements during regulation phase-ins. |
No information available | |
Calibration Parameter Customization Ability to input custom regulatory parameters for stress testing. |
No information available |
Standard Formula Calculation Implements prescribed regulatory standard formulae for solvency capital. |
No information available | |
Internal Model Support Supports development and operation of custom internal models. |
No information available | |
Partial Internal Model Functionality Ability to combine standard and internal models for calculation. |
No information available | |
Stochastic Modeling Capability to run stochastic simulations for loss and risk distributions. |
No information available | |
Stress and Scenario Testing Runs what-if analysis for macroeconomic and event-driven scenarios. |
Vendor site highlights built-in stress testing and scenario analysis. | |
Aggregation Logic Flexibility Customizable aggregation (e.g., risk types, business units). |
No information available | |
Scr Calculation Speed Time to compute solvency capital requirement per full calculation cycle. |
No information available | |
Look-through Capability Ability to calculate capital at granular (e.g., fund, asset) level. |
No information available | |
Counterparty Default Modeling Handles capital calculations for credit and counterparty risks. |
No information available | |
Portfolio Import Capacity Volume of insurance policies/assets/portfolios the system can handle in a batch. |
No information available |
Capital Allocation by Line of Business Ability to allocate capital across multiple insurance product lines. |
No information available | |
Optimization Algorithms Built-in support for optimization (minimizing cost, maximizing return on capital). |
No information available | |
Return on Risk-Adjusted Capital (RORAC) Calculation Generates RORAC figures by line of business, unit, or entity. |
No information available | |
Reinsurance Optimization Models impact of reinsurance structures on required/regulatory capital. |
No information available | |
What-If Allocations Real-time adjustment of allocation scenarios and their capital impact. |
No information available | |
Portfolio Diversification Recognition System recognizes and quantifies diversification effect across portfolios. |
No information available | |
Interactive Allocation Tool GUI or dashboards for interactive allocation and visualization. |
No information available | |
Capital Flow Monitoring Tracks and logs capital flows by unit/product/time. |
No information available | |
Limit Management Imposes and monitors capital allocation limits configured by user. |
No information available | |
Optimization Run Duration Time required for a full optimization run given data volumes. |
No information available |
Data Import Formats Supports a wide range of data import/export formats (CSV, XML, JSON, etc). |
No information available | |
Core Insurance Platform Integration Connectors to policy, claims, and actuarial administration systems. |
No information available | |
ETL Automation Automated extract, transform, load for large volumes of insurance and asset data. |
No information available | |
Data Validation Rules Flexible validation logic for raw and transformed data ingestion. |
No information available | |
Master Data Management Central source of truth for entities, product lines, counterparties, etc. |
No information available | |
Data Quality Score Quantitative indicator of input data quality. |
No information available | |
Audit Trails for Data Changes Comprehensive logs of all data edits and processes. |
No information available | |
Bulk Upload Capacity Maximum file size or record count handled in a single batch upload. |
No information available | |
Automated Data Reconciliation Helps match records between up- and downstream systems. |
No information available | |
Time-Series Data Handling Support for handling historical/versioned data for trend analysis. |
No information available |
Pre-built Regulatory Templates Out-of-the-box templates for key regulatory filings (QRTs, NAIC blanks, forms S1/S2, etc.). |
No information available | |
Ad-hoc Reporting User-defined dynamic reporting and drill-downs. |
No information available | |
KPI Dashboards Customizable dashboard for solvency ratios, capital metrics, and risk indicators. |
No information available | |
Data Export Support Flexible options to export data/analytics to Excel, PDF, CSV, etc. |
No information available | |
Visualization Tools Graphs, heatmaps, and charts for capital requirements, allocations, and attributions. |
No information available | |
Report Automation Scheduling Ability to schedule recurring and periodic report generation. |
No information available | |
User-based Report Access Control Granular data visibility by user or group. |
No information available | |
Narrative/Qualitative Reporting Support Structured templates for adding management discussion and analysis. |
No information available | |
Real-time Report Refresh Latency to update dashboards/reports after data changes. |
No information available | |
Historical Comparison Reports Compares current and past capital/risk states. |
No information available |
Full Audit Logging Comprehensive logging of all key events and user actions. |
No information available | |
Change Management Workflow Processes and controls for model/version changes. |
No information available | |
User Access Segregation Granular allocation of permissions to users/roles. |
No information available | |
SOX/ISAE 3402 Compliance Built-in compliance support for internal controls reporting standards. |
No information available | |
Model Governance Controls Track, validate, and approve capital/risk models. |
No information available | |
Version Control Track multiple versions of calculations and parameter sets. |
No information available | |
End-to-End Reproducibility Ability to reproduce prior calculations given historical data. |
No information available | |
Regulatory Submission Archive Stores full history of submitted documents with time/date stamping. |
No information available | |
Approval Workflow Automation Configurable approval steps for report/model releases. |
No information available | |
Exception Management Tracks, notifies, and escalates process or data anomalies. |
No information available |
Parallel Processing Capability Can run multiple calculations in parallel, leveraging multi-core/cluster tech. |
No information available | |
Horizontal Scalability Easily adds capacity by adding hardware or cloud resources. |
No information available | |
Batch Processing Throughput Number of policies/calculations handled per hour. |
No information available | |
Concurrent User Support Number of active users the system can support simultaneously. |
No information available | |
Latency for Large Portfolios Average time to process a large insurance portfolio. |
No information available | |
Disaster Recovery Time Maximum restore time following system failure. |
No information available | |
High Availability Design ensures minimal downtime through redundancy. |
No information available | |
Peak Load Handling System is stress-tested for extreme calculation volumes. |
No information available | |
Scheduled Job Management Configurable scheduling for routine tasks and calculations. |
No information available | |
Real-time Alerts for Performance Bottlenecks Automated alerts triggered by slow jobs or errors. |
No information available |
Intuitive User Interface Modern GUI with easy navigation and user-centered controls. |
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Customizable Dashboards Users can personalize workspaces, layouts, and widgets. |
No information available | |
Multi-Language Support Interfaces and outputs available in multiple languages. |
No information available | |
Accessible Design Conforms to accessibility standards for users with disabilities. |
No information available | |
Mobile Compatibility Optimized for tablet and smartphone access. |
No information available | |
Contextual Help & Tooltips Inline help and documentation integrated throughout the UI. |
No information available | |
Workflow Wizards Step-by-step guides for key capital calculation and reporting processes. |
No information available | |
Personalized Notification Settings Users configure alerts for relevant tasks and milestones. |
No information available | |
Single Sign-On (SSO) Integration Seamless authentication with corporate identity systems. |
No information available | |
User Preference Storage Remembers recent activity and preferences between sessions. |
No information available |
Data Encryption at Rest Encrypts all stored data (database, files). |
No information available | |
Data Encryption in Transit Uses secure protocols (TLS/SSL) for all data transmissions. |
No information available | |
Role-Based Access Control Enforces least-privilege principle for user accounts. |
No information available | |
Multi-factor Authentication Supports MFA for improved user login security. |
No information available | |
Regular Vulnerability Assessments Conducts scheduled penetration testing and hardening reviews. |
No information available | |
GDPR/Data Privacy Controls Features ensuring compliance with GDPR, PDP, and other privacy regimes. |
No information available | |
Data Masking & Anonymization Protects sensitive data in non-production or extracted data sets. |
No information available | |
Secure Audit Trails Tamper-evident logs for forensic analysis. |
No information available | |
Automatic Session Timeout Configurable inactivity timeouts for logged-in users. |
No information available | |
Data Backup Frequency Frequency at which complete data backups are performed. |
No information available |
Implementation Timeframe Average time from contract to go-live. |
No information available | |
API Documentation Quality Comprehensive developer and integration documentation. |
No information available | |
On-Premises and Cloud Deployment Options Deployable in private datacenter, public cloud, or hybrid setups. |
No information available | |
Automated Upgrade Tools Includes tools for scheduled and on-demand version updates. |
No information available | |
Plug-in and Extension Support SDKs and APIs for third-party module integration. |
No information available | |
Configuration Management Tools GUI and scripting for system configuration changes. |
No information available | |
Real-time System Health Monitoring Dashboards and alerts for infrastructure, calculation, and process health. |
No information available | |
Automated Testing Frameworks Pre-built automated regression/unit tests for system reliability. |
No information available | |
User Training and Onboarding Support Comprehensive learning resources and guided onboarding. |
No information available | |
Vendor Support SLAs Pre-defined response and resolution times for support. |
No information available |
Transparent Pricing Model Clear and understandable license and usage fees. |
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Cost per Calculation Run Average cost of a full capital calculation cycle. |
No information available | |
Discounts for Volume/Scale Bulk pricing for large portfolios or multi-entity installations. |
No information available | |
Maintenance and Upgrade Fees Visibility of ongoing support/upgrade charges. |
No information available | |
Pay-per-Use Options Flexible pricing for occasional or burst usage. |
No information available | |
On-demand Infrastructure Pricing Cost of compute and storage usage is tracked and managed if on cloud. |
No information available | |
Bundled Support Services Support, upgrades, and training included in a single fee. |
No information available | |
Automated Cost Reporting Dashboards and statements of system usage and incurred costs. |
No information available | |
License Utilization Monitoring Tracks product license usage against maximum allowed. |
No information available | |
Capacity-Based Tiering Pricing based on data/portfolio size or user numbers. |
No information available |
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