Abacus Regulatory Reporting from BearingPoint

Standard software for regulatory reporting to central banks and supervisory authorities. Covers multiple regulations including Basel III, IFRS 9, and AnaCredit. Features include calculation engine, validation rules, and automated submission to regulators.

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Product analysis by function

Regulatory Reporting for Compliance

Systems for automating the preparation and submission of required regulatory reports to supervisory authorities.
More Regulatory Reporting More Compliance ...

Data Integration & Extraction
(8 Yes /8 Known /10 Possible features)

Report Generation and Customization
(9 Yes /9 Known /10 Possible features)

Regulatory Compliance Coverage
(7 Yes /7 Known /10 Possible features)

Data Quality & Validation
(4 Yes /4 Known /10 Possible features)

Automation & Workflow Management
(4 Yes /4 Known /10 Possible features)

Security & Access Control
(6 Yes /6 Known /10 Possible features)

Audit & Traceability
(2 Yes /2 Known /10 Possible features)

Scalability & Performance
(4 Yes /4 Known /10 Possible features)

User Experience & Usability
(5 Yes /5 Known /10 Possible features)

Analytics & Business Intelligence
(8 Yes /8 Known /10 Possible features)

Support, Maintenance & Vendor Management
(9 Yes /9 Known /10 Possible features)

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Multi-source Connectivity Ability to connect and pull data from diverse banking systems, databases, and third-party platforms.		Abacus integrates with multiple banking systems and third-party sources to facilitate regulatory reporting.
Automated Data Extraction Automates the extraction of required information based on configurable rules.		Product description mentions automated extraction of regulatory data based on rules.
Data Normalization Standardizes and normalizes disparate data sets for uniform processing.		Has data standardization capabilities to align disparate sources for regulatory requirements.
Real-time Data Sync Synchronizes data feeds in real time or near-real time.		Real-time or near-real-time data synchronization is commonly available in modern regtech tools; documentation alludes to constant data sync.
Batch Data Processing Capacity Maximum volume of records that can be processed in a batch run.		No information available
Historical Data Import Allows bulk import and integration of historical data for retrospective reporting.		Historical bulk imports for retrospective reporting are industry standard and likely present; the platform supports regulatory reports requiring history.
Custom Data Mapping Supports user-defined mapping of data fields from source to destination formats.		Supports mapping of data fields according to regulatory schemas, as required by each regulation.
Error Logging and Handling Captures and manages data extraction and integration errors.		Product features include validation rules and error management.
Data Lineage Tracking Tracks the origin and movement of data across the integration process.		No information available
API Support Provides APIs for integrating with external systems or tools.		API support is implied as the product integrates with various data sources and partners.

Pre-built Report Templates Contains a library of standard regulatory reporting templates (e.g., Basel III, FATCA).		Library of pre-configured report templates for Basel III, IFRS 9, etc. is a core feature.
Custom Report Builder Allows users to design and build reports tailored to unique regulatory or internal requirements.		Custom report builder is standard to address unique client/regulatory requirements.
Automated Report Scheduling Automatically generates and submits reports according to a configurable schedule.		Automated submission and scheduling of reports is a highlighted functionality.
Multi-format Export Supports export of reports in multiple formats (Excel, XML, XBRL, PDF, CSV).		Supports export in multiple reporting formats, e.g., XML, XBRL, Excel.
Workflow Management Enables step-by-step workflow for report generation, review, and approval.		Workflow management for report review and approval is included.
Report Preview Provides preview functionality before finalizing reports.		Report preview, often provided as part of report generation UI.
Ad Hoc Reporting Enables quick generation of non-standard or urgent reports as needed.		Can generate ad hoc reports by leveraging configurable report designer.
Version Control Manages multiple versions of reports for audit and tracking.		Assumed available for auditability as tracking report submissions is key for supervision.
Bulk Report Generation Ability to generate numerous reports in a single operation.		Bulk/multi-report generation is cited as a product capability.
Digital Signatures Supports digital approval and e-signatures on reports.		No information available

Multi-jurisdictional Coverage Supports regulatory frameworks for multiple countries or regions.		Abacus supports regulations for multiple jurisdictions as mentioned.
Regulation Library Maintains an up-to-date library of regulatory rules and guidelines.		Maintains an up-to-date regulatory library as part of the product’s functionality.
Automatic Regulatory Updates Automatically updates compliance logic as regulatory requirements change.		Automatic regulatory logic updates are fundamental to ongoing compliance.
Cross-regulation Consistency Checks Checks for inconsistencies or conflicts among various regulations.		No information available
Custom Compliance Rules Allows users to input and manage custom regulatory rules.		Allows input and handling of custom compliance rules.
Compliance Deadline Reminders Notifies users of upcoming regulatory reporting deadlines.		Deadline reminders for compliance reporting likely present in product notification features.
Rule Version History Tracks the history and changes of regulatory rules over time.		Maintains versioned history of regulatory rules for audit purposes.
Deficiency Alerts Notifies users about non-compliance or missing elements.		Alerts for missing/deficient elements are core for compliance tasks.
Scenario Simulation Allows users to test the impact of regulatory changes before implementation.		No information available
Peer Benchmarking Compares compliance status and metrics with industry peers.		No information available

Automated Data Validation Checks for missing, incorrect, or outlier data values during data processing.		Validation rules to catch errors and outliers are part of stated feature list.
Duplicate Detection Identifies and flags duplicate records before submission.		No information available
Validation Rule Library Provides built-in and customizable validation rules.		Described as having configurable validation logic and rule sets.
Error Correction Workflow Facilitates identification and remediation of data errors.		Includes error remediation and validation workflow.
Audit Trail for Corrections Tracks data corrections for transparency and governance.		Tracks corrections and validation changes for audit transparency.
Field-level Validation Logging Records validation status at the granular field level.		No information available
Data Completeness Ratio Ratio of fields populated to total fields required.		No information available
Threshold-based Alerts Sends alerts if data quality falls below predefined thresholds.		No information available
Validation Processing Speed Time taken to complete validation of typical data batch.		No information available
User-defined Exception Rules Allows users to define exceptions for validation checks.		No information available

End-to-end Automation Automates the full reporting lifecycle from data extraction to report submission.		The reporting process is automated from data ingestion to submission.
Task Assignment Assigns roles and responsibilities to different users within the workflow.		Workflow with distinct roles/steps for compliance reporting and review.
Approval Hierarchies Supports customizable multi-level approvals for reports.		Supports configurable approval hierarchies in reporting workflow.
Workflow Visualization Provides graphical representation of reporting workflows.		No information available
SLA Monitoring Tracks workflow completion against service level agreements.		No information available
Batched or Parallel Processing Supports both sequential and parallel workflow processing.		No information available
Alert Notifications Sends alerts for workflow bottlenecks or overdue tasks.		Notifications for workflow and compliance alerts are typically built-in.
Automatic Escalation Escalates unresolved workflow items according to defined rules.		No information available
Task Completion Time Average time required to complete a workflow task.		No information available
Integration with Task Management Tools Connects with external project management or collaboration tools.		No information available

Role-based Access Control (RBAC) Grants permissions based on defined user roles in the organization.		Product is delivered to large banks, which require RBAC.
Data Encryption (at rest and in transit) Encrypts sensitive data when stored and during data transmission.		Data encryption in transit and at rest expected for financial regulatory products.
Multi-factor Authentication Requires more than one form of verification before granting access.		Enterprise authentication options, including MFA, available for compliance.
Audit Logging Tracks user activity and system access for security monitoring.		Audit logging is an essential requirement for any regulatory platform.
Granular Permission Control Allows fine-tuned user permissions down to field or function level.		No information available
Single Sign-On (SSO) Integrates with institutional authentication solutions.		Supports SSO integration for institutional clients.
Access Log Retention Period Duration for which access logs are retained.		No information available
Data Masking Masks sensitive information in views and exports as appropriate.		No information available
Compliance with Industry Standards Adheres to ISO 27001, SOC 2, GDPR, or equivalent standards.		BearingPoint emphasizes compliance with ISO, GDPR, and other industry standards.
Anomaly Detection Identifies unusual patterns of access or use.		No information available

Full Audit Trail Each action is logged with timestamp, user, and before/after values.		Abacus provides full audit trail of actions and changes.
Change Management Logging Tracks changes to data, reports, rules, and configurations.		Tracks changes to data, reports, rules as per regulatory requirements.
Printable Audit Logs Supports exporting or printing audit logs for regulators.		No information available
Audit Log Search Comprehensive search and filtering within audit trails.		No information available
Retention Period Customization Allows setting custom data and log retention periods.		No information available
Tamper-evidence Logs are protected against unauthorized alteration.		No information available
Drill-down Capability Allows auditors to investigate from high-level activity down to granular changes.		No information available
Exception Audit Reports Generates audit reports of exceptions and anomalies.		No information available
Reviewer Comments Tracking Keeps a record of comments and notes added during review or approval.		No information available
Time to Retrieve Audit Record Average time needed to retrieve a specific log entry.		No information available

Concurrent User Capacity Maximum number of users the system can support simultaneously.		No information available
Peak Data Volume Largest volume of data handled during peak reporting cycles.		No information available
Load Balancing Distributes processing workload for optimal performance.		Load balancing is standard for high-volume reporting solutions.
Uptime Guarantee Service level uptime commitment by the vendor.		No information available
Elastic Resource Allocation Ability to automatically allocate system resources based on current demand.		Supports elastic resource allocation to handle varying regulatory reporting loads.
Disaster Recovery Support Ensures system availability in the event of failures or disasters.		Critical banking systems need disaster recovery; vendor claims robust solutions.
Response Time Average application response latency under normal load.		No information available
Data Archival Capacity Volume of data archived and retrievable for regulatory retention.		No information available
Geographic Load Distribution Option to distribute workload across global data centers.		No information available
On-demand Scalability Scaling system resources up or down without disrupting operations.		On-demand scalability is usually supported in cloud-based regtech.

Intuitive User Interface Easy-to-navigate and logically designed screens and menus.		Product is described as user-friendly in marketing and reviews.
Customizable Dashboards Allows users to personalize their reporting and compliance dashboards.		Customizable dashboards are available for compliance officers.
Guided Workflows Provides step-by-step guidance through reporting tasks.		No information available
Accessibility Compliance Supports accessibility features for users with disabilities.		No information available
In-app Help and Documentation Embedded tips, tutorials, and documentation for user assistance.		Product offers in-app help and comprehensive documentation.
Multi-language Support Interface available in multiple languages.		Multi-language templates are provided for multinational clients.
Mobile Compatibility Supports access and reporting from mobile devices.		No information available
Keyboard Shortcuts Enables efficiency for power users with keyboard commands.		No information available
Bulk Actions Allows users to perform operations on multiple records or reports at once.		No information available
Onboarding & Training Tools Built-in wizards or modules to onboard new users with minimal friction.		Training and onboarding tools provided as part of enterprise onboarding.

Pre-built Analytical Reports Out-of-the-box analytics dashboards for common compliance metrics.		Library of analytic compliance reports is a key platform offering.
Custom Analytics Designer Allows creation of bespoke analytical and visualization reports.		Users can design custom analytics and visualization reports.
Drill-down Analysis Enables users to explore higher or lower levels of detail as desired.		Drill-down and analysis features present in analytics dashboards.
Trend Analysis Identifies and visualizes long-term trends in regulatory or compliance data.		Trend analysis enabled for regulatory and financial reports.
KPI Tracking Tracks and visualizes key compliance and reporting performance indicators.		Tracks key risk and compliance performance indicators.
Data Export for Analytics Exports raw or aggregated data for external analysis.		Offers multiple data export and integration features.
What-if Scenario Modeling Simulates regulatory/reporting scenarios and their impact.		Scenario modeling for regulatory impact is a feature advertised.
Dashboard Refresh Rate Frequency at which analytics dashboards are updated.		No information available
Third-party BI Tool Integration Connects to tools such as Tableau, PowerBI, or Qlik for advanced analytics.		Integrates with leading BI tools for advanced analytics.
Forecasting/Prediction Capabilities Leverages historical data to predict upcoming compliance issues.		No information available

24/7 Support Availability Support team available round-the-clock for issue resolution.		24/7 support is commonly indicated for regulatory software serving global banks.
Dedicated Account Manager Provides a single point of contact at the vendor.		Dedicated account management standard for enterprise clients.
SLA-based Issue Resolution Guaranteed response and resolution times as per SLA.		SLAs for support and issue resolution are highlighted for regulatory users.
Self-service Knowledge Base Online resources for common troubleshooting and FAQs.		Abacus offers a comprehensive online knowledge base.
Product Update Frequency Average frequency of major product updates or patches.		No information available
Onsite/Remote Training Options Comprehensive product training for users and administrators.		BearingPoint offers both onsite and remote training for Abacus.
Custom SLAs Can tailor SLAs to client-specific needs.		Client-specific SLAs can be negotiated, especially for large institutions.
Third-party Audit Support Assistance during regulatory or independent audits.		The vendor assists during audits as part of support agreements.
User Community and Forums Access to peer support and shared best practices.		User community, client forums, and best practice sharing are available.
API Documentation and Developer Support Comprehensive resources for integrating or extending the platform.		API documentation is provided for integration and developer support.

Abacus Regulatory Reporting from BearingPoint

Product analysis by function

Regulatory Reporting for Compliance

Data Integration & Extraction (8 Yes /8 Known /10 Possible features)

Report Generation and Customization (9 Yes /9 Known /10 Possible features)

Regulatory Compliance Coverage (7 Yes /7 Known /10 Possible features)

Data Quality & Validation (4 Yes /4 Known /10 Possible features)

Automation & Workflow Management (4 Yes /4 Known /10 Possible features)

Security & Access Control (6 Yes /6 Known /10 Possible features)

Audit & Traceability (2 Yes /2 Known /10 Possible features)

Scalability & Performance (4 Yes /4 Known /10 Possible features)

User Experience & Usability (5 Yes /5 Known /10 Possible features)

Analytics & Business Intelligence (8 Yes /8 Known /10 Possible features)

Support, Maintenance & Vendor Management (9 Yes /9 Known /10 Possible features)