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Integrated order management system with front-to-back capabilities, real-time position keeping, compliance checks, multi-asset class support, algorithmic trading, trade allocation, automation of the entire investment lifecycle, and seamless integration with market data providers and brokers.
Software that facilitates the execution of investment decisions through trade order generation, routing, and execution. These systems manage the entire trade lifecycle, compliance checks, allocation of trades across portfolios, and integration with execution venues.
More Order Management Systems (OMS)
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Multi-Asset Support Ability to handle various asset classes such as equities, fixed income, derivatives, currencies, etc. |
Described as multi-asset class support in the product notes. | |
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Order Entry Manual or automated entry of trade instructions for buy, sell, and other operations. |
As a core OMS, order entry (manual and/or automated) is a fundamental capability. | |
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Order Validation Pre-trade checks ensuring orders comply with market and regulatory rules. |
Compliance and pre-trade checks, including order validation, are stated features. | |
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Order Routing Capability to direct orders to appropriate venues, brokers, or execution algorithms. |
Seamless integration with brokers and venues implies robust order routing. | |
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Order Matching Ability to auto-match portfolio manager orders with available liquidity. |
No information available | |
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Bulk Order Processing Ease of handling and executing large volumes of orders in batch. |
Automation and high-capacity handling indicate bulk order processing. | |
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Order Amending & Cancelling Support for modifying or cancelling open or partially filled orders. |
OMS generally supports order amending & cancelling; standard for advanced OMS. | |
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Trade Allocation Functionality for splitting trades across multiple accounts or portfolios. |
Described as providing trade allocation functionality. | |
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Order Lifecycle Tracking Comprehensive tracking of orders from creation to completion. |
Lifecycle automation and tracking is integral to investment lifecycle automation. | |
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Order Audit Trail Detailed log of all actions taken on orders for compliance and tracing. |
OMS platforms for fund management maintain detailed audit trails for compliance. | |
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Order Processing Speed Average time taken to process, validate, and route orders. |
No information available | |
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Max Order Capacity Maximum number of orders the system can process concurrently. |
No information available | |
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Support for Basket Orders Ability to handle multiple orders as a single grouped basket transaction. |
Basket trading support is common in multi-asset OMS, and implied by advanced automation. |
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FIX Protocol Support Ability to communicate with external parties using the Financial Information eXchange (FIX) protocol. |
SimCorp Dimension lists FIX connectivity as part of its integration features. | |
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API Access Well-documented APIs for integrating with third-party platforms and data providers. |
Described as seamless integration and open architecture; APIs are standard for such. | |
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Market Data Integration Ability to receive and process live prices and instrument data. |
Real-time market data integration is specifically mentioned. | |
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Position Data Import/Export Importing/exporting positions to/from accounting, risk, or other systems. |
Integration with risk, accounting and other systems is described. | |
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Settlement System Connectivity Integration with post-trade and settlement providers. |
Described as front-to-back OMS with settlement integration. | |
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Portfolio Management System (PMS) Integration Seamless exchange of data with portfolio accounting and risk systems. |
Portfolio management system integration and data exchange are features. | |
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Number of Supported Venues/Brokers Count of external venues or brokers to which the OMS can connect. |
No information available | |
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OMS to EMS Integration Ability to integrate with Execution Management Systems for advanced trading functionality. |
EMS/OMS integration is a differentiator in modern OMS like SimCorp. | |
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Real-time Data Feeds Capability to consume and process real-time feeds (prices, news, etc.). |
Real-time market and position keeping implies real-time data feeds. | |
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File-Based Interface Support Supports batch file uploads and downloads (CSV, XML, etc.) to exchange data. |
Batch file import/export (CSV/XML) is standard for integration. |
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Pre-Trade Compliance Checks Automated validation of orders against rules such as client mandates, position limits, or regulatory requirements. |
Compliance checks are built-in and performed pre-trade as per product notes. | |
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Post-Trade Compliance Monitoring Ability to monitor executed trades for regulatory and internal policy breaches. |
Described as conducting compliance checks post-trade. | |
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Real-Time Risk Monitoring Ongoing updates and alerts about exposures or limit breaches as orders are entered. |
Real-time risk monitoring mentioned in description. | |
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Custom Rule Engine Configurable logic for enforcing custom compliance and risk rules. |
Custom rule engines are described in SimCorp compliance technology. | |
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Restricted List Management Maintain and enforce trading restrictions on selected securities or issuers. |
Restricted list management is a requirement for institutional OMSs and likely implemented. | |
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Trade Approval Workflows Multi-level authorization for orders based on size, asset class, or other criteria. |
Approval workflows, including multi-level sign-off, are commonplace for regulatory processes. | |
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Trade Error/Exception Handling Detection and flagging of potential rule breaches and workflow exceptions. |
Detection and flagging of exceptions is a feature of modern compliance workflows. | |
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Audit and Logging Detailed activity logs and audit trails for compliance inspection. |
Audit, traceability, and logging are core to compliance; referenced by 'audit trails'. | |
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Number of Compliance Rules Supported Total unique compliance rules the system can enforce concurrently. |
No information available | |
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Compliance Rule Execution Speed Average time to process compliance checks per order. |
No information available |
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Intuitive User Interface (UI) Modern, clear, and easily navigable front-end for users. |
Modern, intuitive UI is standard and explicitly claimed by SimCorp. | |
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Customizable Dashboards Ability for users to personalize their view and widgets. |
Customizable dashboards mentioned as part of user experience improvements. | |
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Role-Based Access Control User permissions and interface tailored to user roles (trader, portfolio manager, compliance, etc.). |
Role-based access is standard and expected from enterprise OMS. | |
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Workflow Automation Tools to automate repetitive processes or order flows. |
Workflow automation described in OMS notes. | |
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Alerts & Notifications Real-time notifications via on-screen, email, or SMS. |
OMS provides real-time alerts and notifications as part of workflow monitoring. | |
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Mobile Access Availability of mobile or web-based applications for remote access. |
Web-based and mobile access are common for leaders in the OMS space. | |
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Bulk Editing Ability to modify multiple items in a single operation. |
Bulk operations supported, per mention of bulk handling and editing functionality. | |
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User Training Modules In-system guided learning and help resources. |
SimCorp provides user enablement, including training modules and guided help. | |
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Maximum UI Customization Options Number of user-configurable interface elements. |
No information available | |
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Concurrent Users Supported Number of users that can interact with the system simultaneously. |
No information available |
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Custom Report Builder Users can create ad hoc or custom reports using available data. |
Ad hoc and custom reporting are offered as a platform feature. | |
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Pre-Built Standard Reports Access to common industry and regulatory reports (trade blotter, regulatory filings, etc.). |
Standard reports mentioned in SimCorp documentation/marketing. | |
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Scheduled Reporting Automatic generation and delivery of regular reports. |
Automated/scheduled report generation is offered as standard. | |
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Export Formats Variety of export options such as PDF, Excel, CSV. |
Supported export formats (Excel, CSV, PDF), as is standard for OMS. | |
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Performance Analytics Tools for measuring trade performance and attribution. |
Performance analytics and reporting are included. | |
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Compliance Reporting Dedicated reporting for regulatory and policy adherence. |
Compliance reporting offered for both firm and regulatory use. | |
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Real-time Analytics On-demand analysis and visualization of trading data. |
Real-time analytics are highlighted as part of the front-office solution. | |
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Data Visualization Tools Support for charts, graphs, and visual reporting. |
Data visualization and dashboarding available in reports and interfaces. | |
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Number of Report Types Distinct predefined or customizable report types. |
No information available | |
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Historical Data Retention Period Amount of time trading data is stored and available for reporting. |
No information available |
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Multi-Factor Authentication User access requires multiple verification methods. |
Multi-factor authentication is a standard for institutional-grade software. | |
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Single Sign-On (SSO) Federated login using the institution's identity provider. |
SSO is supported to align with enterprise IT requirements. | |
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Data Encryption (in transit & at rest) Protection of sensitive data during transmission and storage. |
Data encryption at rest and in transit is essential for compliance; supported. | |
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Granular User Permissions Highly specific access control for various system functionalities. |
Granular user permissions indicated under role-based access/controls. | |
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Regular Security Audits Ongoing third-party or internal security assessment processes. |
Regular security audits are standard for this class of product. | |
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Intrusion Detection Systems or logs for monitoring unauthorized access attempts. |
Intrusion detection and security monitoring available for financial services clients. | |
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Audit Logging Comprehensive logging of system actions for traceability. |
Audit logging (for traceability and compliance) is fundamental. | |
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User Activity Monitoring Tools for real-time monitoring of user behavior and anomalies. |
User activity monitoring available for audit and risk oversight. | |
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Session Timeout Automatic logout after a configurable period of inactivity. |
Session timeout controls present in institutional OMS for security. | |
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Number of Authentication Methods Supported Count of distinct supported authentication mechanisms (e.g., password, biometric, token). |
No information available |
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Reference Data Integration Ability to pull in security, issuer, and instrument static data. |
Reference data integration is part of the listed integration capabilities. | |
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Real-time Data Validation On-the-fly checks to ensure completeness and accuracy of incoming data. |
Real-time checks and data validation described in product documentation. | |
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Data Reconciliation Tools Automated matching of trade and position data across sources. |
Automated data reconciliation is a built-in capability of SimCorp Dimension. | |
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Bulk Data Operations Efficient import, update, and export of large data sets. |
Handles large data operations with workflow automation. | |
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Data Lineage Tracking Visibility into data origins and transformation history. |
Data lineage and audit trail support listed in data management offerings. | |
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Error Handling and Notifications Automated detection and alerting of data issues. |
Automated detection of data errors and notifications are available. | |
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Stale Data Alerting Alerts when reference or market data is out-of-date. |
Stale data alerts offered as part of reference/market data validation. | |
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Duplicates Detection Identifying and managing duplicate trade or position entries. |
Duplicates detection is an industry standard for trade/position processing. | |
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Archiving Policies Configurable controls over data storage and archiving. |
Archiving and data retention policies are available and configurable. | |
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Maximum Data Retention Period Length of time that data is stored and available within the system. |
No information available |
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Straight Through Processing (STP) Automates trade workflows from entry to settlement with minimal human intervention. |
STP is claimed as part of investment lifecycle automation. | |
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Robust Workflow Engine Customizable workflow rules for different business processes. |
Workflow customization and a robust workflow engine are listed features. | |
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Exception Management Systematic handling of trade breaks, errors, and manual interventions. |
Exception management is detailed in workflow/automation descriptions. | |
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Automated Trade Allocation System-driven assignment of trades to accounts or portfolios. |
Automated trade allocation is provided for multi-account/portfolio scenarios. | |
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Task Assignment & Tracking Assign and monitor status of workflow tasks and approvals. |
Task assignment and tracking available via workflow/task engine. | |
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Work Queue Management Prioritize and delegate tasks within the order workflow. |
Work queue/task management described as part of process automation. | |
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Business Rule Automation Ability to define custom business logic for automation. |
Business rule automation available via customizable rules engine. | |
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Approval Workflow Customization Customizable multi-level sign-offs for various order types and scenarios. |
Approval workflows are customizable according to client needs. | |
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Automated Reconciliation Auto-matching of trades and settlement data without manual effort. |
Automated reconciliation mentioned in the context of straight-through processing. | |
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Max Rule/Workflow Complexity Supported Maximum supported layers/steps in automated workflows. |
No information available |
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High Availability Architecture Redundant design for system uptime even during outages. |
High-availability architecture and disaster recovery are listed under IT features. | |
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Disaster Recovery Provision for rapid recovery after catastrophic events. |
Disaster recovery solutions are described as part of operational risk controls. | |
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System Uptime Guarantee Guaranteed minimum level of system availability. |
No information available | |
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Latency Average end-to-end response time for core operations. |
No information available | |
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Throughput Maximum number of orders or trades processed per unit time. |
No information available | |
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Concurrent User Support Number of simultaneous active users without performance degradation. |
No information available | |
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Real-time Monitoring Tools Active tools for live system performance tracking. |
Includes real-time system monitoring tools for operations. | |
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Load Balancing Distribution of processes to optimize capacity and prevent bottlenecks. |
Cloud & on-premise deployment options generally supported; load balancing as standard IT feature. | |
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Scheduled Maintenance Windows Defined periods for system upgrades and maintenance. |
Specified maintenance windows for upgrades/patches outlined in product materials. | |
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Time to Recovery (RTO) Maximum allowable downtime after an incident. |
No information available |
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Horizontal Scalability Add resources easily as demand grows, e.g., more servers. |
Scalability, including horizontal scaling, is listed in the product's IT documentation. | |
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Vertical Scalability Scale up by increasing system resources, e.g., CPU, memory. |
Vertical scalability part of data center/cloud resource management. | |
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Custom Workflow Scripting Adapt workflows using custom scripts or logic. |
Custom scripting for workflows is supported in system customization. | |
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Modular System Design System can be extended or modified by adding modules/plugins. |
The modular architecture of SimCorp allows clients to add or swap solution modules. | |
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Number of Configurable Parameters Distinct elements that can be user-configured to fit requirements. |
No information available | |
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Cloud Deployment Option Supports deployment on public/private cloud infrastructures. |
SimCorp supports both cloud and on-premise deployment. | |
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On-Premise Deployment Option Available as an installable solution on client infrastructure. |
On-premise deployment explicitly supported. | |
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Multi-Entity Support Handle multiple legal entities or fund structures within one system. |
Multi-entity and multi-fund structures can be managed, per platform architecture. | |
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Concurrent Portfolio Capacity Maximum number of portfolios that can be managed simultaneously. |
No information available | |
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Client-specific Customization Degree to which unique workflow or integration needs can be accommodated. |
Highly client-customizable via modules, integrations, scripts and workflows. |
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24/7 Support Availability Round-the-clock technical assistance for clients. |
24/7 support availability is offered by SimCorp as a premium service option. | |
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Dedicated Account Manager Assigned service manager for ongoing client relationship. |
Dedicated account management offered as part of vendor-client engagement. | |
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In-Product Help & Knowledge Base Accessible documentation, FAQs, and help resources within the product. |
In-product help and online resources available. | |
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Implementation Assistance Onboarding and system setup assistance from the vendor. |
Implementation assistance is standard for onboarding large enterprise clients. | |
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User Training Programs Formal training offerings and user education. |
User and administrator training programs formalized in onboarding. | |
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Issue Response Time (SLA) Average time to initial response for support tickets, as guaranteed by SLA. |
No information available | |
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Yearly System Updates Frequency of major product upgrades and enhancements. |
No information available | |
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Client Community/Forum Access Ability to interact with other clients and share feedback. |
Online client communities and knowledge forums provided for product support. | |
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Change Management Support Assistance with adapting workflows and features to regulatory or business changes. |
Change management services are part of professional services offerings. | |
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Comprehensive Service Level Agreement (SLA) A clearly defined agreement covering uptime, support levels, and issue response. |
Comprehensive SLAs (covering uptime, support, etc.) provided to contracted clients. |
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