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SAP for Insurance – Pension Fund Management from SAP
Integrated platform offering fund administration, financial accounting, regulatory compliance, reporting, and member servicing tailored for pension fund operations.
Product analysis by function
Pension Fund Accounting Systems for Financial Operations
Specialized accounting platforms that handle the unique requirements of pension fund accounting, including unitization, pooled fund accounting, and complex fee structures across multiple investment types.
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Core Accounting and General Ledger
(9 Yes /9 Known /10 Possible features)
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Multi-currency Ledger Ability to maintain and report financial records in multiple currencies. |
SAP for Insurance supports global insurers and pensions, including funds in multiple currencies. Multi-currency ledger indicated in product documentation. | |
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Flexible Chart of Accounts Support for customizable account structures to accommodate various fund types and regulatory needs. |
Customizable charts of accounts frequently cited in SAP's financial modules, including pension fund solutions. | |
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Automated Journal Entries System automatically posts journal entries after transactions. |
Automated journal posting is a standard core feature in SAP's accounting engines. | |
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Accrual Accounting Support for both accrual and cash-based accounting methods. |
SAP supports both accrual and cash-based accounting methodologies as highlighted in its documentation for financial services. | |
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Inter-fund Accounting Support for accounting between multiple sub-funds or pooled arrangements. |
Supports sub-fund and pooled arrangement accounting; standard for pension fund processing. | |
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Audit Trails Complete logs tracking every change in accounting entries. |
SAP’s robust audit trails are well-documented as a compliance and security control. | |
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Reconciliation Automation Automated reconciliation of accounts and data sources. |
Automation of account reconciliations is included in the SAP core financial and insurance modules. | |
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Period End Processing Speed Average time to complete month-end or year-end closing processes. |
No information available | |
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Batch Processing Ability to process large batches of transactions simultaneously. |
Batch processing mentioned as a feature for handling high-volume transactions in administrative tasks. | |
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Error Handling and Correction Tools for detecting, flagging, and correcting errors with audit history. |
Error handling and correction tools with audit features are available in SAP accounting. |
Unitization and Net Asset Value (NAV) Calculation
(8 Yes /8 Known /10 Possible features)
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Automatic NAV Calculation System automatically calculates daily NAV per unit. |
Automatic NAV calculation referenced in SAP Pension Fund Management documentation. | |
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Support for Multi-class Funds Supports NAV and unit valuation for funds with multiple share/unit classes. |
SAP supports multi-class funds/unit classes in its pension management module. | |
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Historical NAV Tracking Keeps history of daily/periodic NAVs for compliance and benchmarking. |
Historical data and NAV tracking reportability is a feature in SAP's compliance tools. | |
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Unit Allotment Automation Automatically allots units based on contributions and redemptions. |
Unit allotment (subscriptions and redemptions) automation supported and referenced in solution overviews. | |
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NAV Calculation Speed Time taken to compute NAV for all funds per cycle. |
No information available | |
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Dividend and Distribution Processing Automatic calculation and posting of dividends and capital gains to unit holders. |
Dividend and distribution processing is included in the platform’s automation features. | |
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Unit Pricing Adjustment Tools Facilities for adjusting NAV/unit price due to errors or revaluations with controls. |
SAP provides adjustment tools for NAV/unit prices and error handling as part of compliance. | |
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Unit Transaction Limits Maximum unit transactions (subscriptions/redemptions) supported per day. |
No information available | |
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NAV Error Detection Automated detection and notification of abnormal NAV movements. |
NAV error detection and compliance monitoring are referenced in SAP's product literature. | |
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Unit Reconciliation Automatic matching of units record with underlying assets and transactions. |
Unit reconciliation features for matching records to underlying assets highlighted in solution guides. |
Investment and Asset Accounting
(8 Yes /8 Known /10 Possible features)
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Multi-Asset Support Supports accounting for equities, fixed income, alternatives, real estate, derivatives, cash, and more. |
SAP states support for broad asset classes for insurance & pensions, including alternatives. | |
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Trade Capture and Matching Ability to automatically capture and match trades from order management or custodian feeds. |
Trade capture/matching available via integration layer and modules for insurance asset management. | |
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Automated Corporate Actions Processing Handles splits, dividends, mergers, and other corporate actions automatically. |
Automated corporate action processing described in SAP's product roadmap for insurance. | |
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Mark-to-Market Valuation Real-time or periodic market value computation for all assets. |
Mark-to-market valuation available for real-time/periodic market value calculations. | |
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Custom Asset Classification Create customized groupings or classifications for reporting or analysis. |
Custom asset classification for pension funds possible via master data management. | |
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Unrealized/Realized Gains Calculation Automatic tracking and calculation of gains and losses per investment. |
Automatic realized/unrealized gains/losses calculation is available in core finance modules. | |
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Asset Valuation Speed Processing time for full portfolio asset valuation. |
No information available | |
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Integration with Custodians/Market Data Direct connectivity for asset positions, trades, and prices. |
Integration with custodians and market data is supported by SAP’s open platform/connectors. | |
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Asset Holding Limit Maximum number of assets handled per legal entity. |
No information available | |
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Shadow Accounting Ability to run parallel valuation/accounting versus external administrator or custodian records. |
Shadow accounting (parallel books vs. custodians/admins) is part of SAP’s insurance accounting controls. |
Fee Administration and Expense Processing
(9 Yes /9 Known /10 Possible features)
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Fee Rule Flexibility Configurable rules for multiple fee types (fixed, tiered, performance-linked, etc.). |
Fee rule configuration is highlighted in expense administration for pensions in SAP documentation. | |
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Automatic Fee Calculation and Posting Calculation and auto-booking of all fees to accounts and/or units. |
Automatic fee calculation/posting forms part of the core expense process in SAP. | |
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Expense Allocation Engine Automated distribution of expenses across funds, participants, or accounts. |
Expense allocation engine is standard in SAP to distribute costs across funds/accounts. | |
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Fee Simulation Tools Modelling and forecasting of different fee outcomes/scenarios. |
Fee simulation and scenario analysis supported via reporting/forecasting modules. | |
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Fee Processing Speed Average time to compute and book all fees for a processing cycle. |
No information available | |
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Bulk Expense Upload Ability to import multiple expense items in one operation. |
Bulk uploads/imports (including expenses) supported by SAP data import features. | |
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Audit of Fee Changes Full logging of any manual fee edits and reversals. |
Audit of fee changes is available through SAP’s audit and compliance logs. | |
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Regulatory Fee Disclosure Support Automated provision of fee breakdowns for member/disclosure reports. |
Regulatory fee disclosure components included for pension/member reporting. | |
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Fee Cap Controls System enforces mandated caps on specific fee types. |
Fee capping controls are configurable; referenced for regulated pension products in Europe. | |
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Fee Rebate Handling Automatic processing of rebates or discounts at account/unit level. |
Fee rebate handling is possible at member/unit level; referenced in SAP’s unit-linked fund guides. |
Member Accounting & Contributions Management
(8 Yes /8 Known /10 Possible features)
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Contribution Allocation Automation Automatically allocates contributions to chosen funds or investment options. |
Contribution allocation automation mentioned in member servicing features. | |
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Member Transaction History Tracks all inflows, outflows, switches, fees, and benefit payments at member level. |
Comprehensive member transaction history tracking is available in SAP for Insurance. | |
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Member Unit Statement Generation On-demand or scheduled statement generation for each member. |
On-demand/scheduled member unit statement generation supported via reporting. | |
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Batch Contribution Processing Speed Time required to process a batch of contributions. |
No information available | |
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Automated Contribution Validation System automatically checks for contribution limits and errors. |
Contribution validation is automated, including regulatory/contribution limits. | |
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Incomplete Contribution Follow-up Automation Tracks and alerts for incomplete or failed member contributions. |
Automated tracking and follow-up on incomplete/failed contributions is included. | |
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Benefit Payment Workflow Automation Workflow for automated approval and payment of benefits/withdrawals. |
Benefit payment workflow automation is integrated, with approval/payment flows. | |
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Member Account Capacity Maximum number of member accounts system can support. |
No information available | |
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Portability & Rollovers Support for rollovers and transfers between pension schemes. |
SAP supports member portability and rollovers between schemes via integrated modules. | |
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Tax and Regulatory Reporting for Members Automated generation of individual member regulatory/tax reports. |
Automated generation of member-level regulatory/tax statements is included. |
Pooled Fund and Multi-Manager Support
(9 Yes /9 Known /10 Possible features)
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Nested/Pooled Entity Structure Support Models and consolidates multi-level fund and pooled investment structures. |
SAP can model/consolidate pooled and multi-entity structures, cited in solution guides. | |
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Manager-Level Accounting Tracks performance and transactions at individual manager or sub-fund level. |
Manager-level accounting/reporting supported for multi-manager pooled funds. | |
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Cross-Fund Allocations System supports re-allocations across internal/external pooled vehicles. |
Internal/external cross-fund allocations are standard for pension schemes in SAP. | |
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Daily Multi-Fund NAV Rapid NAV calculation across multiple funds/entities. |
Daily NAV for multi-fund setups supported for rapid fund/unitization calculations. | |
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Segregated and Commingled Asset Handling Tracks and reports on segregated and commingled assets distinctly. |
Segregated and commingled asset tracking/reporting is available as required by industry compliance. | |
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Look-Through Accounting Supports look-through to underlying assets in fund-of-funds and pooled structures. |
Look-through accounting for fund-of-funds and underlying assets is referenced in official materials for pension and investment funds. | |
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Maximum Number of Pooled Entities Supported System’s capacity for handling separate pooled accounts/entities. |
No information available | |
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Automatic Manager Report Consolidation Aggregates and produces consolidated reports at manager or pooled entity level. |
Manager/pooled entity report consolidation is a feature of SAP's reporting workflows for insurance/pensions. | |
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Allocations by Member/Fund Supports allocation of investment returns by individual members or funds. |
Supports allocations at member/fund level as per documentation on allocation rules. | |
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Pooled Fund Fee Allocation System can allocate fees accurately in pooled/multi-manager structures. |
System supports pooled fund fee allocations through expense allocation engine. |
Regulatory Compliance and Reporting
(9 Yes /9 Known /10 Possible features)
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Automated Regulatory Filing Generates standard regulatory returns (e.g. 5500, SFTR, Solvency II) as per jurisdiction. |
Automated filing for key regulatory returns is available for supported jurisdictions. | |
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Customizable Report Templates Allows for creation/editing of custom regulatory and management report formats. |
Customizable report templates feature in reporting and analytics layers for clients. | |
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Real-Time Compliance Alerts System alerts when limits, thresholds, or regulatory breaches occur. |
SAP delivers real-time compliance alerts/notifications as part of risk/compliance tools. | |
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Document Management and Retention Policies Embedded document retention and compliance documentation management. |
Document management, retention, and compliance modules included as referenced for insurers. | |
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Regulatory Data Feed Integration Automated ingestion of regulatory rule updates for compliance. |
Regulatory data feed integration cited as benefit of SAP’s open platform compliance architecture. | |
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Audit Report Generation Speed Time to generate full audit and compliance report set. |
No information available | |
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Multi-jurisdiction Support System supports regulations in multiple countries. |
Support for multi-jurisdictional regulatory environments indicated as a key differentiator. | |
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Pre-validation of Compliance Data In-built validation for completeness and accuracy before submission. |
Pre-validation of compliance data prior to submission included in compliance workflows. | |
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E-Signatures for Regulatory Submissions Integrated e-signature workflows for filing documents. |
E-signature integration available for regulatory document workflows. | |
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Automated Regulatory Schedule Updates System auto-updates regulatory submission schedules and deadlines. |
Automated regulatory schedule and deadline management included in compliance modules. |
System Integration and Data Management
(7 Yes /7 Known /10 Possible features)
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Open API Support Availability of REST/SOAP APIs for real-time integration with external platforms. |
Open APIs (REST/SOAP) are standard for integration on SAP's cloud/business platforms. | |
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Batch Import/Export System supports large batch data uploads/downloads. |
Batch import/export capabilities are standard in SAP data management solutions. | |
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Pre-built Connectors to Custodians & Banks Readymade integrations with popular custodians, payment processors, and data vendors. |
Pre-built connectors to custodians, banks, and other systems are highlighted in integration materials. | |
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Automated Data Reconciliation Automatic data validation and reconciliation with external sources for assets, cash, transactions. |
Automated data reconciliation with external data sources is supported (assets, cash, transactions). | |
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Custom Data Mapping Flexible mapping tools for non-standard data formats. |
Tools for custom data mapping and transformation are available (e.g. within SAP Data Services). | |
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Data Storage Capacity Maximum structured data supported by the platform. |
No information available | |
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Real-time Data Sync Frequency Minimum interval for real-time system data updates. |
No information available | |
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ETL (Extract, Transform, Load) Capabilities Full-fledged ETL functionality for mass data transformation/migration. |
Full ETL capabilities available via SAP Data Services and integration suites. | |
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Bulk Transaction Upload Limits Maximum number of transactions per batch upload. |
No information available | |
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Data Anonymization Tools Assists with GDPR/privacy compliance via anonymization. |
Data anonymization tools offered to meet privacy (GDPR) compliance, e.g. SAP ILM. |
User Experience and Workflow Automation
(9 Yes /9 Known /10 Possible features)
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Role-Based Access Controls Granular permissions and workflow routing by user roles. |
Role-based access controls extensively supported and configurable. | |
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Customizable Dashboards Personalized, real-time dashboards with widgets for KPIs and exceptions. |
Customizable dashboards with widgets/KPIs are available in SAP Fiori/SAC. | |
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Automated Notifications Alerts via email/SMS/app for workflow actions and exceptions. |
Automated notifications via email, SMS, or platform alerts are standard in SAP workflow tools. | |
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Mobile Access Support Responsive web or mobile app access for users. |
Mobile access supported via SAP Fiori and mobile apps. | |
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User Concurrent Session Limit Maximum number of users simultaneously accessing the system. |
No information available | |
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Workflow Builder Tools Drag-and-drop or scriptable workflow automation tools. |
Workflow builder/configuration tools available (SAP Business Workflow, SAP Build Process Automation). | |
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Single Sign-On (SSO) Integration Supports modern SSO protocols for seamless access. |
Single Sign-On integration is available using SAML/OAuth standards. | |
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Audit of User Actions Comprehensive logs of all user actions for security and compliance. |
Audit trails/logs of all user actions supported for security/compliance. | |
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Custom Report Scheduler Automatic scheduling and delivery of recurring reports. |
Scheduled and automated report delivery supported through scheduling tools. | |
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Accessibility Compliance Adherence to web accessibility standards (e.g., WCAG, ADA). |
Adherence to accessibility standards indicated as part of SAP's product compliance. |
Data Security, Backup, and Disaster Recovery
(7 Yes /7 Known /10 Possible features)
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Data Encryption In-Transit and At-Rest Uses advanced encryption (e.g., AES-256) for all data. |
Data encryption (AES, TLS) in-transit and at-rest included in SAP platform security. | |
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Configurable Backup Frequency Ability to set backup schedules per data category. |
Backup schedule flexibility is supported by SAP's cloud and on-premises offerings. | |
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Automated Disaster Recovery Testing Regular automated failover testing to ensure continuity. |
Automated disaster recovery/failover testing included in managed/cloud SAP deployments. | |
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Data Retention Policy Engine Configurable rules for storing, archiving, or deleting records. |
Data retention policy engine referenced in SAP ILM and governance materials. | |
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Incident Response Time Maximum time to acknowledge and begin response to a security incident. |
No information available | |
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Uptime SLA Guarantee Guaranteed system uptime percentage per annum. |
No information available | |
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Failover Recovery Time Objective (RTO) Maximum expected downtime before full system recovery. |
No information available | |
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Vulnerability Scanning Automated scheduled scans for system vulnerabilities. |
System vulnerability scanning for security threats is referenced in SAP's cloud/security documentation. | |
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Penetration Testing Regular third-party penetration/security testing of the system. |
Penetration (third-party) testing is a requirement for SAP's financial services clients. | |
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User Security Training Tools Resources/training modules on data security for users. |
User security training tools/modules available or required for regulated industries. |
Implementation, Support, and Vendor Stability
(5 Yes /5 Known /10 Possible features)
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Implementation Timeline Average time for full setup and data migration. |
No information available | |
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Dedicated Account Manager Named support manager for each client. |
Dedicated account manager is standard for enterprise SAP Insurance clients. | |
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24/7 Technical Support Round-the-clock technical helpdesk availability. |
24/7 technical support available via SAP support plans for critical systems. | |
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User Training Programs Comprehensive onboarding and ongoing training for system users. |
SAP offers user training programs as part of implementation and ongoing service. | |
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User Documentation Quality Full user and technical manuals available and updated. |
Comprehensive user and technical documentation is provided and regularly updated. | |
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Release Update Frequency Scheduled intervals between new feature or patch releases. |
No information available | |
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System Customizability Degree to which processes, screens, and integrations can be customized. |
SAP systems are highly configurable for screens, processes, and integrations. | |
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Size of Support Team Number of dedicated support professionals. |
No information available | |
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Financial Health of Vendor Vendor’s Dun & Bradstreet or credit risk score. |
No information available | |
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Client Retention Rate Percentage of clients retained over the last 3 years. |
No information available |
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