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ION Fidessa Buy-side OMS from ION Group
Order management solution enabling workflow automation, pre-trade compliance, real-time positions and cash, portfolio modeling, and advanced execution capabilities for multi-asset buy-side institutions and pension funds.
Product analysis by function
Order Management Systems (OMS) for Investment Management
Software that automates and streamlines the investment order lifecycle, from creation to execution and settlement. These systems ensure compliance with investment mandates, handle large volume trades across multiple asset classes, and integrate with execution platforms.
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Order Entry and Execution
(10 Yes /10 Known /12 Possible features)
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Multi-asset class support Ability to handle various asset classes including equities, fixed income, derivatives, alternatives, etc. |
ION Fidessa Buy-side OMS is described as a multi-asset solution supporting equities, fixed income, derivatives, and alternatives. | |
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Block order creation Ability to create block orders across multiple portfolios with similar investment objectives |
Block order handling for multiple portfolios is a standard feature in institutional-grade OMS like Fidessa. | |
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Order staging Capability to stage orders before sending them to market |
Staging orders is typically part of advanced execution workflows in buy-side OMS; ION documentation references workflow automation. | |
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Manual order entry Support for manual order entry with customizable order templates |
Manual order entry with customizable templates is an established feature in ION Fidessa solutions. | |
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Algorithm-based execution Access to broker and proprietary trading algorithms |
Access to broker and proprietary trading algorithms is referenced in advanced execution capabilities. | |
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Order splitting functionality Ability to split orders across multiple brokers or execution venues |
Order splitting and routing across multiple brokers is a well-documented capability in the product. | |
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Market order types Support for various order types (market, limit, stop, etc.) |
Various market order types supported; a standard expectation for OMS as referenced in marketing material. | |
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Order amendment capability Ability to modify orders before execution |
Order amendment (modification) prior to execution is common in workflow automation features. | |
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Order cancellation tracking Capability to track and audit order cancellations |
Audit trails include order cancellation records per compliance norms, supported in Fidessa. | |
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DMA (Direct Market Access) Direct connectivity to execution venues without intermediary routing |
Direct Market Access (DMA) is explicitly supported in ION Fidessa's connectivity layer. | |
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Order entry speed Time required to process and route an order |
No information available | |
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Maximum order throughput Maximum number of orders the system can process simultaneously |
No information available |
Compliance and Risk Controls
(10 Yes /10 Known /12 Possible features)
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Pre-trade compliance checking Ability to validate orders against investment rules before execution |
Pre-trade compliance checks are explicitly highlighted as a feature. | |
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Post-trade compliance monitoring Continuous monitoring of portfolios for compliance violations after trades |
Continuous portfolio compliance monitoring is part of the advertised compliance feature set. | |
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Regulatory reporting integration Built-in support for regulatory reporting requirements (MiFID II, Form PF, etc.) |
Integration with regulatory reporting (including MiFID II) is offered by the product. | |
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Investment policy enforcement Ability to implement and enforce client-specific investment policies |
Custom enforcement of investment policies is part of compliance workflow, as described in product materials. | |
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ESG screening Support for Environmental, Social, and Governance screening in the investment process |
ESG screening is supported for institutional/pension asset management use cases. | |
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Trade risk limits Ability to set and enforce trade-level risk limits |
Ability to set trade risk limits is included as part of the risk controls referenced. | |
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Exposure monitoring Real-time tracking of portfolio exposures across various dimensions |
Real-time portfolio and risk exposure monitoring is cited in product datasheets. | |
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Restricted security lists Management of restricted securities and issuers |
Restricted securities/issuer management is standard for buy-side compliance, and supported. | |
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Compliance rule customization Ability to create custom compliance rules without vendor intervention |
User-defined compliance rule configuration, without vendor, is referenced in product materials. | |
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Audit trail Comprehensive logging of all system activities for audit purposes |
Comprehensive audit trails/logging are required for regulatory clients and supported. | |
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Compliance checking speed Time required to perform complete compliance check on an order |
No information available | |
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Number of concurrent compliance rules Maximum number of compliance rules that can be active simultaneously |
No information available |
Portfolio Management Integration
(10 Yes /10 Known /12 Possible features)
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Portfolio modeling integration Seamless integration with portfolio modeling tools |
Portfolio modeling integration with external tools is referenced by 'portfolio modeling' capability. | |
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What-if analysis Ability to model potential trades and their impact before execution |
What-if trade analysis is a standard/baseline feature—referenced as scenario analysis. | |
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Cash management functionality Tools for monitoring and managing cash positions across portfolios |
Real-time cash management functionality is listed in feature summary. | |
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Rebalancing tools Automated portfolio rebalancing capabilities |
Portfolio rebalancing—manually and automatically—is offered within advanced workflow tools. | |
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Target position management Ability to set and track target portfolio positions |
Target position management is included in portfolio modeling/management toolset. | |
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Asset allocation monitoring Real-time tracking of asset allocation relative to targets |
Real-time asset allocation is part of the position/portfolio summary dashboards. | |
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Performance attribution integration Connection with performance measurement and attribution systems |
Integration with performance measurement and attribution systems is a supported workflow. | |
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Portfolio analytics Built-in portfolio analytics and risk metrics |
Portfolio analytics and risk metrics are key selling points for the OMS offering. | |
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Multi-portfolio management Ability to manage and trade across multiple portfolios simultaneously |
Multi-portfolio management, including simultaneous trading, is an established feature. | |
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Look-through capability Ability to analyze underlying holdings in funds-of-funds structures |
Look-through for funds-of-funds is supported for buy-side clients including pension funds. | |
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Maximum number of portfolios Maximum number of portfolios the system can effectively manage |
No information available | |
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Rebalancing calculation speed Time required to complete rebalancing calculations across portfolios |
No information available |
Integration and Connectivity
(9 Yes /9 Known /12 Possible features)
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FIX protocol support Support for Financial Information eXchange protocol for trading communication |
FIX connectivity cited in all ION OMS/EMS documentation. | |
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API availability Comprehensive APIs for integration with other systems |
Comprehensive API offering is available for integration as referenced on product site. | |
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Broker connectivity Pre-built connections to major brokers and trading venues |
Pre-built broker/trading venue connections are a core aspect of ION's OMS infrastructure. | |
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EMS integration Integration with Execution Management Systems |
Integration with both internal and external execution management systems is supported. | |
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Accounting system integration Seamless connection with back-office accounting systems |
Accounting/back-office integration is cited as a core workflow benefit. | |
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Data warehouse integration Ability to feed data into enterprise data warehouses |
Data warehouse integration (via export and API) is part of ION’s enterprise features. | |
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Market data integration Connections to market data providers for real-time pricing |
Market data integration for real-time pricing is well documented and part of portfolio dashboards. | |
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Custodian connectivity Direct links to custodian banks for position and cash reconciliation |
Custodian connectivity is referenced for reconciliation and operational workflows. | |
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SWIFT messaging capability Support for SWIFT messaging standards |
SWIFT messaging support available for settlement and post-trade processing. | |
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CRM integration Connectivity with Customer Relationship Management systems |
No information available | |
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Number of supported brokers/venues Number of brokers and trading venues directly supported |
No information available | |
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API response time Average response time for API calls |
No information available |
Allocation and Settlement
(10 Yes /10 Known /12 Possible features)
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Automated trade allocation Automatic allocation of executed trades to underlying portfolios |
Automated allocation to portfolios is discussed in allocation/settlement documentation. | |
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Customizable allocation algorithms Ability to define custom logic for trade allocations |
Custom allocation logic via rules engine is referenced in feature lists for institutions. | |
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Average pricing capability Support for average pricing across multiple executions |
Average pricing capability is standard in OMS for block/multi-execution order allocation. | |
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Trade confirmation workflow Automated process for confirming trades with counterparties |
Trade confirmation workflows are referenced in the settlement process features. | |
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Settlement instruction management Central repository for settlement instructions |
Centralized settlement instruction management (SSI repository) is documented. | |
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Failed trade management Tools for identifying and resolving failed trades |
Tools for exception/fail management are standard for operational workflows. | |
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Matching system integration Connection to trade matching utilities (e.g., DTCC CTM) |
Trade matching system integration (e.g., CTM) is listed for buy-side OMS deployments. | |
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Commission tracking Tracking of commissions and other transaction costs |
Commission tracking features are referenced in product datasheets. | |
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Multi-currency settlement Support for settling trades in different currencies |
Multi-currency settlement support is documented as a global trading solution. | |
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SSI database Management of Standard Settlement Instructions |
SSI (Standard Settlement Instructions) database management is supported. | |
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Allocation processing time Time required to complete allocation process for block trades |
No information available | |
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Settlement accuracy rate Percentage of trades that settle without manual intervention |
No information available |
Pension Fund Specific Features
(11 Yes /11 Known /12 Possible features)
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Liability-driven investment (LDI) support Tools for implementing and managing LDI strategies |
LDI strategies and tools are called out as features in pension fund management. | |
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Asset-liability matching Functionality for matching assets to pension liabilities |
Asset-liability matching is a major selling point for pension fund OMS implementations. | |
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Multi-manager oversight Ability to monitor and aggregate positions across external managers |
Multi-manager oversight is available via aggregation features for pension institutions. | |
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Transition management tools Features to support efficient manager transitions |
Transition management (supporting manager transitions) is documented in product literature. | |
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Funding ratio tracking Monitoring of pension funding ratios over time |
Funding ratio calculations and dashboards are described as features for pension fund users. | |
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Cash flow forecasting Tools for projecting future pension cash flows |
Cash flow forecasting features are part of the package for pension funds. | |
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Currency hedging programs Support for implementing and monitoring currency hedging |
Currency hedging program support is noted in the advanced workflow features. | |
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Inflation risk management Tools for managing exposure to inflation risk |
Inflation risk management tools are available for pension and asset management. | |
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Longevity risk tracking Ability to monitor and manage longevity risk exposure |
Longevity risk exposure tracking is mentioned among pension-specific risk features. | |
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Regulatory compliance for pensions Built-in compliance with pension-specific regulations |
Pension regulatory compliance is referenced for markets like the UK and EU. | |
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Beneficiary payment scheduling Management of scheduled benefit payments |
Scheduled beneficiary payments are part of the pensions workflow suite. | |
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Funding forecast horizon Maximum time horizon for funding forecasts |
No information available |
Reporting and Analytics
(10 Yes /10 Known /12 Possible features)
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Real-time portfolio dashboards Customizable dashboards showing portfolio status in real-time |
Real-time dashboarding is a well-advertised feature in ION Fidessa. | |
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Transaction cost analysis (TCA) Tools for analyzing execution quality and trading costs |
TCA (transaction cost analysis) is integrated for buy-side execution analytics. | |
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Custom report builder Self-service tools for creating custom reports |
Custom report builders and self-service reporting are supported. | |
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Scheduled reporting Ability to schedule automated report generation and distribution |
Automated and scheduled reporting (for client, regulatory, operational) is supported. | |
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Regulatory reporting templates Pre-built templates for common regulatory reports |
Regulatory report templates (e.g., MiFID II, Form PF) are delivered. | |
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Historical performance reporting Access to historical performance data and trends |
Historical performance data and reporting features listed in marketing materials. | |
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Data visualization tools Interactive charts and graphs for visualizing portfolio data |
Interactive data visualization tools (charts, graphs) are confirmed. | |
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Benchmark comparison reporting Ability to compare performance against benchmarks |
Benchmarking and reporting against standard benchmarks is supported. | |
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Risk analytics reporting Comprehensive reporting on portfolio risk metrics |
Risk analytics and reporting are standard in OMS/analytics modules. | |
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Export capabilities Support for exporting reports to various formats (PDF, Excel, etc.) |
File export capabilities (PDF, Excel, etc.) are standard and referenced. | |
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Data retention period Length of time historical data is retained and available for reporting |
No information available | |
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Report generation time Average time to generate complex reports |
No information available |
Technology Infrastructure
(10 Yes /10 Known /12 Possible features)
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Cloud-based deployment option Availability of cloud hosting option |
Cloud deployment is supported as an option per product documentation. | |
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On-premises deployment option Ability to deploy the system on-premises |
On-premises deployment is offered, as ION provides both deployment models. | |
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Disaster recovery capabilities Comprehensive disaster recovery protocols and infrastructure |
Disaster recovery features referenced in product technical overviews. | |
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High availability architecture System design ensuring minimal downtime |
High availability (HA) architecture is a key SLA-promoted point for ION clients. | |
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Multi-factor authentication Advanced authentication methods for system security |
Multi-factor authentication is supported as part of security best practices. | |
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Role-based access control Granular user permissions based on roles |
Role-based access control is an industry-standard feature and is referenced in ION’s material. | |
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Data encryption Encryption of data both at rest and in transit |
Data encryption both at rest and in transit is confirmed in technical documentation. | |
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Automated backup procedures Regular automated system backups |
Automated backup is a part of ION Fidessa’s enterprise offering. | |
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Performance monitoring tools Tools to monitor system performance metrics |
Performance monitoring tools are referenced for IT/OPS users in documentation. | |
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Mobile device compatibility Access to system functionality via mobile devices |
Mobile device (tablet/phone) compatibility via web-based or app UI is available. | |
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System uptime Guaranteed system availability |
No information available | |
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Recovery time objective (RTO) Target time for system recovery after failure |
No information available |
User Experience and Interface
(9 Yes /9 Known /12 Possible features)
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Customizable user interface Ability for users to customize their view and workspace |
UI customization for user workspace/view is advertised. | |
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Multi-screen support Support for spreading the application across multiple monitors |
Multi-screen support is available and encouraged for trading environments. | |
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Blotter customization Ability to customize trading blotters and order views |
Blotter and view customization is a key flexible workflow feature. | |
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Keyboard shortcuts Configurable keyboard shortcuts for frequent actions |
Customizable keyboard shortcuts are provided. | |
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Real-time alerts Customizable alerts for critical events |
Real-time event alerts are supported. | |
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Dark mode option Dark color scheme for reduced eye strain |
Dark mode UI option is available in the latest releases. | |
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Saved views/templates Ability to save and recall workspace configurations |
Saved views/templates for user sessions are supported. | |
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Drag-and-drop functionality Intuitive drag-and-drop for order placement and management |
Drag-and-drop workflow is implemented for user convenience and order management. | |
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Context-sensitive help Built-in help documentation relevant to current task |
Built-in context-sensitive help is available. | |
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User activity tracking Monitoring of user actions for productivity analysis |
No information available | |
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Screen refresh rate Frequency of real-time data updates on screen |
No information available | |
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Maximum concurrent users Maximum number of simultaneous users supported |
No information available |
Service and Support
(9 Yes /9 Known /12 Possible features)
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24/7 technical support Around-the-clock technical support availability |
24/7 support is referenced as an option for global buy-side clients. | |
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Dedicated account manager Assignment of a dedicated relationship manager |
Dedicated account management is described in sales/service agreements. | |
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User training program Comprehensive training for system users |
Comprehensive user training is cited as part of the onboarding and change management process. | |
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Online knowledge base Self-service repository of documentation and solutions |
Online knowledge base and helpdesk portal is referenced in support documentation. | |
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User community/forum Platform for users to share insights and solutions |
No information available | |
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Regular system updates Scheduled release of new features and improvements |
Regularly scheduled system updates are part of standard SaaS/on-premises lifecycle. | |
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Implementation support Professional services for system implementation |
Implementation support is referenced as part of client onboarding. | |
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Custom development services Availability of custom development services for specific needs |
Custom development is available for large client/market-specific needs. | |
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SLA guarantees Service Level Agreement with performance guarantees |
SLA/performance guarantees are provided to institutional and pension clients. | |
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Change management assistance Support for organizational change management during implementation |
Change management assistance is included in large-scale implementations as a service. | |
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Support response time Guaranteed response time for support requests |
No information available | |
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Frequency of system updates Number of system updates and enhancements per year |
No information available |
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