Altair from Aquila Heywood

A comprehensive pension administration system with modules for member management, calculations, payments, communications, and regulatory compliance. Supports defined benefit, defined contribution, and hybrid schemes with workflow management and document imaging.

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Product analysis by function

Pension Administration Systems for Member Administration

Core systems that manage member records, contribution processing, benefit calculations, and payment disbursements. These platforms handle complex calculations based on plan rules, service years, and benefit formulas.
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Member Data Management
(0 Yes /0 Known /12 Possible features)

Contribution Processing
(0 Yes /0 Known /12 Possible features)

Benefit Calculations
(0 Yes /0 Known /13 Possible features)

Benefit Payments
(0 Yes /0 Known /12 Possible features)

Self-Service Portal
(0 Yes /0 Known /13 Possible features)

Regulatory Compliance
(0 Yes /0 Known /12 Possible features)

Workflow and Process Management
(0 Yes /0 Known /12 Possible features)

Reporting and Analytics
(0 Yes /0 Known /13 Possible features)

System Integration
(0 Yes /0 Known /12 Possible features)

Security and Data Protection
(0 Yes /0 Known /13 Possible features)

Benefit Calculation Engines for Member Administration

Specialized software that performs complex actuarial calculations for various benefit scenarios, including retirement, disability, survivor benefits, and pension transfers, ensuring compliance with plan rules and regulatory requirements.
More Benefit Calculation Engines More Member Administration ...

Core Calculation Functionality
(0 Yes /0 Known /12 Possible features)

Regulatory Compliance
(0 Yes /0 Known /11 Possible features)

Configuration and Flexibility
(0 Yes /0 Known /12 Possible features)

Integration Capabilities
(0 Yes /0 Known /12 Possible features)

User Experience
(0 Yes /0 Known /12 Possible features)

Data Quality and Management
(0 Yes /0 Known /12 Possible features)

Reporting and Analytics
(0 Yes /0 Known /12 Possible features)

Performance and Scalability
(0 Yes /0 Known /12 Possible features)

Security and Compliance
(0 Yes /0 Known /12 Possible features)

Support and Maintenance
(0 Yes /0 Known /12 Possible features)

Communication Management Platforms for Member Administration

Systems that manage member communications across multiple channels, including email, SMS, print, and digital portals. These platforms enable personalized messaging, automated notifications, and campaign management for retirement planning education.
More Communication Management Platforms More Member Administration ...

Member Interface & Accessibility
(10 Yes /10 Known /12 Possible features)

Communication Capabilities
(9 Yes /9 Known /13 Possible features)

Member Data Management
(11 Yes /11 Known /12 Possible features)

Workflow & Process Management
(11 Yes /11 Known /12 Possible features)

Reporting & Analytics
(0 Yes /0 Known /13 Possible features)

Integration Capabilities
(0 Yes /0 Known /12 Possible features)

Security & Compliance
(0 Yes /0 Known /13 Possible features)

Technical Performance
(0 Yes /0 Known /12 Possible features)

Support & Implementation
(0 Yes /0 Known /12 Possible features)

Cost & Contract
(0 Yes /0 Known /13 Possible features)

Fiduciary Management Systems for Compliance and Governance

Platforms that help pension fund trustees and fiduciaries track and fulfill their legal obligations, document prudent processes, and manage conflicts of interest in accordance with fiduciary standards.
More Fiduciary Management Systems More Compliance and Governance ...

Sorry, no analysis is avaiable for Fiduciary Management Systems

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.
More Pension Fund Accounting Systems More Financial Operations ...

Sorry, no analysis is avaiable for Pension Fund Accounting Systems

Payment Processing Systems for Financial Operations

Secure platforms that manage the disbursement of pension benefits to retirees and beneficiaries, supporting multiple payment methods, tax withholding, and payment verification.
More Payment Processing Systems More Financial Operations ...

Sorry, no analysis is avaiable for Payment Processing Systems

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Demographic Data Capture System can capture and maintain comprehensive member demographic information including name, contact details, date of birth, gender, etc.		No information available
Employment History Tracking Ability to maintain complete employment records including start dates, end dates, breaks in service, and multiple employment periods		No information available
Beneficiary Management Support for designating, updating and maintaining multiple beneficiaries with different allocation percentages		No information available
Dependent Tracking Ability to record and track member dependents and their eligibility status		No information available
Document Management Integrated storage and retrieval of member-related documents such as enrollment forms, beneficiary designations, etc.		No information available
Address History Maintains historical addresses and contact information with effective dates		No information available
Data Validation Rules Configurable validation rules to ensure data integrity and accuracy		No information available
Duplicate Member Detection Automated detection of potential duplicate member records		No information available
Member Status Tracking Tracks various member statuses (active, deferred, retired, deceased) with effective dates		No information available
Bulk Data Update Capability Ability to update multiple member records simultaneously		No information available
Data Import/Export Tools for importing and exporting member data in various formats		No information available
Member Record Capacity Maximum number of member records the system can efficiently handle		No information available

Multi-Source Contributions Ability to process contributions from multiple sources (employer, employee, third-party)		No information available
Contribution Rate Management Support for different contribution rates based on plan rules, member categories, or time periods		No information available
Contribution Limit Monitoring Automated tracking of annual contribution limits with alerts for potential exceeding of limits		No information available
Arrears Management Tracking and management of missed contributions with interest calculations		No information available
Contribution Reconciliation Tools to match expected contributions against received amounts and highlight discrepancies		No information available
Retroactive Contribution Processing Ability to process backdated contributions with appropriate interest adjustments		No information available
Automatic Contribution Allocation Automatic allocation of contributions to appropriate investment options based on member elections		No information available
Contribution Processing Speed The volume of contribution transactions the system can process per hour		No information available
Batch Contribution Processing Support for processing contributions in batches from payroll or other systems		No information available
Contribution History Maintains detailed history of all contribution transactions with audit trail		No information available
Voluntary Contribution Management Support for additional voluntary contributions beyond mandatory rates		No information available
Employer Matching Rules Configurable rules for employer matching contributions		No information available

Multiple Benefit Formula Support Ability to configure and apply different benefit calculation formulas based on plan type, member category, or time period		No information available
Service Credit Calculations Accurate calculation of pensionable service including part-time adjustments, breaks in service, and purchased service		No information available
Final Average Earnings Calculations Configurable rules for determining final average earnings over specified periods		No information available
Early/Late Retirement Adjustments Automated adjustments for early or late retirement based on actuarial factors		No information available
Optional Form Calculations Calculation of benefit amounts under different payment options (e.g., joint and survivor, period certain)		No information available
Benefit Projections Tools for projecting future benefits based on various assumptions		No information available
Cost-of-Living Adjustments Support for automatic cost-of-living adjustments to benefits based on configurable rules		No information available
Maximum Benefit Limits Enforcement of statutory maximum benefit limits with appropriate adjustments		No information available
Disability Benefit Calculations Specialized calculations for disability retirement benefits		No information available
Death Benefit Calculations Calculation of survivor benefits according to plan rules		No information available
Benefit Calculation Accuracy Precision of calculations to ensure accurate benefit amounts		No information available
Calculation Audit Trail Detailed record of calculation steps and inputs for audit purposes		No information available
Benefit Calculation Speed Time taken to process complex benefit calculations		No information available

Multiple Payment Methods Support for various payment methods including direct deposit, check, and international transfers		No information available
Payment Scheduling Configurable payment schedules (monthly, quarterly, annually, etc.)		No information available
Tax Withholding Automated tax withholding calculations based on jurisdictional rules and member elections		No information available
Lump Sum Payment Processing Support for one-time lump sum benefit payments with appropriate tax handling		No information available
Payment History Tracking Comprehensive history of all payments made to members with search and reporting capabilities		No information available
Bank Reconciliation Tools for reconciling payment records with bank transactions		No information available
Overpayment Recovery Management of benefit overpayments including detection and recovery processes		No information available
Payment Verification Automated verification procedures to confirm recipient eligibility before payment		No information available
Third-Party Payments Support for directing portions of payments to third parties (e.g., insurance premiums, garnishments)		No information available
Payment Processing Capacity Maximum number of payments that can be processed in a single payment run		No information available
Payment Adjustment Tools Tools for making manual or automated adjustments to payment amounts		No information available
Payment Forms Generation Automated generation of payment advices, tax forms, and other payment-related documents		No information available

Member Personal Information Updates Ability for members to update their contact information, beneficiaries, and other personal details		No information available
Benefit Estimator Tool Interactive tool allowing members to estimate future benefits under various scenarios		No information available
Document Upload/Download Capability for members to securely upload and download documents		No information available
Statement Access Access to current and historical benefit statements online		No information available
Contribution History View Self-service access to view contribution history and details		No information available
Electronic Forms Submission Ability to complete and submit forms electronically with digital signature capability		No information available
Secure Messaging Secure communication channel between members and pension administrators		No information available
Mobile Device Compatibility Responsive design that works on various devices and screen sizes		No information available
Employer Contribution Submission Portal for employers to submit contribution data and payments electronically		No information available
Retirement Application Processing Online tools for members to apply for retirement benefits		No information available
Portal Concurrent User Capacity Maximum number of simultaneous users the portal can support efficiently		No information available
Multi-Language Support Available languages in the self-service portal		No information available
Portal Uptime Percentage of time the portal is available and functioning correctly		No information available

Regulatory Reporting Tools Built-in support for generating required regulatory reports		No information available
Legislative Updates Regular system updates to reflect changes in pension legislation		No information available
Compliance Testing Automated testing for various compliance requirements such as non-discrimination testing		No information available
Required Minimum Distribution Tracking Monitoring and enforcement of required minimum distributions at appropriate ages		No information available
Tax Reporting Generation of tax forms and reports in compliance with tax authorities		No information available
Audit Trails Comprehensive audit trails for all system activities and changes		No information available
Data Retention Controls Tools for implementing data retention policies in compliance with regulations		No information available
Multi-Jurisdiction Support Support for varying rules across different jurisdictions		No information available
Compliance Alert System Automated alerts for potential compliance issues or required actions		No information available
GDPR/Privacy Compliance Features supporting data privacy regulations including right to be forgotten, data export, etc.		No information available
Regulatory Update Frequency Frequency of system updates to incorporate regulatory changes		No information available
Compliance Documentation Comprehensive documentation of system compliance features and controls		No information available

Configurable Workflows Ability to configure automated workflows for common pension administration processes		No information available
Task Assignment and Tracking Tools for assigning tasks to staff and tracking completion status		No information available
Approval Hierarchies Configurable approval chains for transactions requiring multiple levels of review		No information available
SLA Monitoring Tracking of service level agreements with alerts for approaching deadlines		No information available
Process Automation Automation of routine processes to reduce manual intervention		No information available
Exception Handling Structured processes for managing exceptions and special cases		No information available
Parallel Processing Support for concurrent processing of workflow steps where appropriate		No information available
Workload Balancing Tools for distributing work evenly among staff members		No information available
Process Analytics Metrics and analytics on process efficiency and bottlenecks		No information available
Process Template Library Pre-built templates for common pension administration processes		No information available
Process Customization Depth Degree to which standard processes can be customized without programming		No information available
Workflow Visualization Graphical tools for designing and viewing process workflows		No information available

Standard Report Library Pre-built reports covering common pension administration reporting needs		No information available
Custom Report Builder Tools allowing non-technical users to create custom reports		No information available
Data Visualization Tools Graphical presentation of data through charts, graphs, and dashboards		No information available
Scheduled Report Distribution Ability to schedule automatic generation and distribution of reports		No information available
Export Capabilities Support for exporting reports in various formats (PDF, Excel, CSV, etc.)		No information available
Ad-hoc Query Tools Tools for performing on-demand data queries without programming		No information available
Historical Trend Analysis Features for analyzing data trends over time		No information available
Actuarial Data Extraction Specialized exports for actuarial valuations and analyses		No information available
Performance Metrics Dashboard Real-time dashboards showing key performance indicators		No information available
Member Population Analytics Demographic analysis of the member population		No information available
Report Processing Speed Time taken to generate complex reports with large data sets		No information available
Drill-Down Capabilities Ability to navigate from summary data to supporting details		No information available
Data Warehouse Integration Integration with external data warehouses or business intelligence tools		No information available

API Availability Comprehensive APIs for integration with external systems		No information available
Payroll System Integration Built-in connectors for common payroll systems		No information available
General Ledger Integration Automated integration with accounting systems		No information available
Banking System Integration Direct integration with banking systems for payments and reconciliation		No information available
Document Management Integration Integration with document management systems		No information available
Identity Management Integration Support for enterprise single sign-on and identity management systems		No information available
Data Exchange Standards Support for standard data formats like XML, JSON, CSV		No information available
ETL Tools Built-in tools for data extraction, transformation, and loading		No information available
Real-time Integration Capability Support for real-time data exchange with external systems		No information available
Integration Monitoring Tools for monitoring the health and performance of system integrations		No information available
Third-party Integration Partners Number of pre-built integrations with third-party systems		No information available
Integration Transaction Volume Maximum number of integration transactions the system can handle per hour		No information available

Role-based Access Control Granular permission settings based on user roles		No information available
Multi-factor Authentication Support for additional authentication factors beyond passwords		No information available
Data Encryption Encryption of sensitive data both in transit and at rest		No information available
Security Audit Logging Comprehensive logging of all security-related events		No information available
Intrusion Detection Systems to detect and alert on potential security breaches		No information available
Data Masking Ability to mask sensitive data for non-production environments		No information available
Password Policy Enforcement Configurable password complexity and rotation requirements		No information available
Session Management Controls for session timeouts and concurrent logins		No information available
Security Certification Formal security certifications such as ISO 27001, SOC 2		No information available
Vulnerability Assessment Regular security testing and vulnerability assessments		No information available
Data Backup Frequency Frequency of system data backups		No information available
Recovery Time Objective Target time for system recovery after a disruption		No information available
Security Update Frequency Frequency of security patches and updates		No information available

Defined Benefit Calculations Ability to calculate traditional pension benefits based on salary, years of service, and benefit formulas		No information available
Defined Contribution Calculations Functionality for calculating benefits based on contribution amounts and investment returns		No information available
Hybrid Plan Support Capability to handle plans with both defined benefit and defined contribution components		No information available
Calculation Processing Speed The rate at which the system can process multiple benefit calculations		No information available
Calculation Precision The level of decimal precision for monetary calculations		No information available
Multiple Calculation Methods Support for different methodologies for calculating benefits (e.g., final average salary, career average)		No information available
Retroactive Calculations Ability to perform calculations for past periods when rules or data change		No information available
Accrual Rate Flexibility Support for varied benefit accrual rates based on service periods or other factors		No information available
Service Purchase Calculations Functionality to calculate costs and benefits for purchasing additional service credit		No information available
Death Benefit Calculations Capability to determine survivor benefits upon member death		No information available
Disability Benefit Calculations Support for calculating benefits related to disability claims		No information available
Early/Late Retirement Factors Automated application of adjustment factors for early or late retirement		No information available

Tax Code Compliance Ensures calculations adhere to relevant tax regulations (e.g., IRC 415 limits)		No information available
Regulatory Updates Frequency of updates to accommodate changes in pension regulations		No information available
Compliance Testing Built-in tools for testing plans against non-discrimination requirements		No information available
COLA Implementation Support for implementing cost of living adjustments according to plan rules		No information available
Required Minimum Distribution Calculations Functionality to calculate required minimum distributions for retirees		No information available
Maximum Benefit Limits Automatic application of IRS maximum benefit limits to calculations		No information available
Compliance Reporting Ability to generate reports demonstrating regulatory compliance		No information available
Multi-jurisdiction Support Capability to handle different regulatory requirements across jurisdictions		No information available
Audit Trail Depth The level of detail in tracking changes to calculations for compliance purposes		No information available
Tax Withholding Calculations Functionality to determine appropriate tax withholding on benefit payments		No information available
QDRO Processing Support for calculating benefits according to qualified domestic relations orders		No information available

Rule-Based Configuration Ability to define calculation rules without programming		No information available
Multiple Plan Support Capability to handle different pension plans with varying rules within the same system		No information available
Formula Builder Tools allowing administrators to create custom benefit formulas		No information available
Effective Dating Support for date-driven rule changes and benefit calculations		No information available
Plan Amendment Implementation Time Average time required to implement changes to plan rules in the system		No information available
User-Defined Variables Ability to create custom variables for use in benefit calculations		No information available
Conditional Logic Support Capability to implement complex if-then rules in calculations		No information available
Configuration Templates Pre-built templates for common plan designs to accelerate implementation		No information available
Business User Configuration Extent to which non-technical users can configure calculation rules		No information available
Grandfathering Rules Support for maintaining older benefit rules for certain members while implementing new rules for others		No information available
Configuration Version Control Ability to track and manage different versions of calculation configurations		No information available
Configuration Testing Environment Separate environment for testing calculation rule changes before implementation		No information available

API Availability Presence of application programming interfaces for integration with other systems		No information available
Payroll System Integration Capability to exchange data with payroll systems for contribution and benefit payment processing		No information available
HR System Integration Ability to receive member demographic and employment data from HR systems		No information available
Investment Platform Integration Connectivity with investment platforms for defined contribution plan valuations		No information available
Data Import Capacity Volume of data the system can import in a given timeframe		No information available
Integration Methods Supported Number of different integration methods available (API, file transfer, web services, etc.)		No information available
Real-time Integration Support for real-time data exchange with other systems		No information available
Single Sign-On Support Ability to integrate with enterprise authentication systems		No information available
Document Management Integration Connectivity with document management systems for storing calculation results and supporting documentation		No information available
Integration Event Tracking Capability to track and report on data exchanges with other systems		No information available
ETL Tool Compatibility Compatibility with standard extract-transform-load tools for data integration		No information available
Third-party Actuarial System Integration Ability to exchange data with external actuarial systems		No information available

Self-Service Calculation Portal Web-based interface allowing members to perform benefit estimates themselves		No information available
Mobile Access Ability to access calculation features from mobile devices		No information available
Calculation Wizard Step-by-step guided process for performing calculations		No information available
Result Visualization Graphical representation of calculation results and projections		No information available
Average Response Time Typical time from calculation request to result delivery		No information available
Calculation Comparison Tools Ability to compare multiple calculation scenarios side-by-side		No information available
Customizable Results Display Options for configuring how calculation results are presented to users		No information available
Multi-language Support Availability of the user interface in multiple languages		No information available
Accessibility Compliance Adherence to accessibility standards for users with disabilities		No information available
Calculation History Ability for users to view their previous calculation requests and results		No information available
User Interface Customization Extent to which the interface can be customized for different user roles or organizations		No information available
Context-sensitive Help Availability of relevant help content based on the user's current activity		No information available

Data Validation Rules Built-in checks to ensure data used in calculations meets quality standards		No information available
Data Cleansing Tools Functionality to identify and correct data issues before calculations		No information available
Historical Data Preservation Capability to maintain historical data needed for accurate benefit calculations		No information available
Data Storage Capacity Maximum volume of member and calculation data the system can store		No information available
Data Audit Trails Tracking of changes to data that affects calculations		No information available
Data Dictionary Comprehensive documentation of data elements used in calculations		No information available
Data Reconciliation Tools Features for comparing and reconciling data between systems		No information available
Missing Data Handling Methods for dealing with incomplete data in calculations		No information available
Data Change Impact Analysis Tools to understand how data changes affect calculation results		No information available
Data Backup Frequency How often calculation data is backed up		No information available
Data Recovery Time Average time to restore data after a system failure		No information available
Data Retention Policies Support for implementing rules regarding how long different types of data are kept		No information available

Standard Reports Number of pre-built reports available out-of-the-box		No information available
Custom Report Builder Tools allowing users to create their own reports		No information available
Batch Processing Ability to run calculations for multiple members simultaneously		No information available
Forecasting Tools Features for projecting future benefit obligations and costs		No information available
Export Formats Supported Number of different formats available for exporting calculation results		No information available
Statistical Analysis Built-in tools for analyzing patterns and trends in benefit calculations		No information available
Report Scheduling Capability to schedule automatic generation and distribution of reports		No information available
Interactive Dashboards Visual displays of key metrics with drill-down capabilities		No information available
Report Distribution Methods Options for delivering reports to stakeholders (email, portal, etc.)		No information available
Calculation Audit Reports Detailed reports showing how benefit amounts were calculated		No information available
Benefit Projection Reports Reports showing projected future benefits based on current data		No information available
Third-party BI Tool Integration Ability to use external business intelligence tools with calculation data		No information available

Maximum User Capacity Number of concurrent users the system can support		No information available
Maximum Member Records Maximum number of member records the system can efficiently manage		No information available
Batch Calculation Capacity Number of calculations that can be processed in batch mode per hour		No information available
Peak Load Handling Ability to maintain performance during periods of high demand		No information available
Horizontal Scaling Capability to add servers to increase capacity		No information available
Vertical Scaling Ability to increase server resources to improve performance		No information available
Caching Mechanisms Implementation of data caching to improve calculation speed		No information available
System Availability Percentage of time the system is operational		No information available
Performance Monitoring Tools Built-in tools for tracking and analyzing system performance		No information available
Load Balancing Capability to distribute workload across multiple servers		No information available
Resource Utilization Efficiency How efficiently the system uses available computing resources		No information available
Scheduled Maintenance Downtime Average monthly downtime required for system maintenance		No information available

Multi-factor Authentication Support for additional authentication factors beyond passwords		No information available
Role-based Access Control Ability to restrict system access based on user roles		No information available
Data Encryption Implementation of encryption for sensitive data at rest and in transit		No information available
Security Certifications Number of recognized security certifications held by the system		No information available
Privacy Controls Features ensuring compliance with data privacy regulations		No information available
Security Audit Logging Detailed tracking of user activities for security purposes		No information available
Penetration Testing Frequency How often the system undergoes security penetration testing		No information available
Security Patch Deployment Time Average time to deploy critical security patches		No information available
Data Masking Capability to hide sensitive information from unauthorized users		No information available
Security Incident Response Time Average time to respond to security incidents		No information available
Compliance Reporting Built-in reports demonstrating adherence to security standards		No information available
User Activity Monitoring Tools for detecting suspicious user behavior		No information available

Technical Support Hours Hours during which technical support is available		No information available
Support Response Time Average time for initial response to support requests		No information available
Implementation Support Availability of specialized support during system implementation		No information available
Training Options Number of different training formats available (online, in-person, etc.)		No information available
Documentation Quality Comprehensiveness and clarity of system documentation		No information available
User Community Existence of an active user community for knowledge sharing		No information available
System Update Frequency How often the system receives feature updates and enhancements		No information available
Backward Compatibility Assurance that updates won't break existing configurations		No information available
Configuration Backup Automated backup of system configuration settings		No information available
Knowledge Base Articles Number of self-help articles available in the knowledge base		No information available
Dedicated Account Manager Assignment of a specific contact person for ongoing support		No information available
Service Level Agreement Formal agreement defining support expectations and guarantees		No information available

Mobile Application Dedicated mobile app allowing members to access their pension information and perform transactions on smartphones/tablets		Aquila Heywood offers Altair Mobile which allows members to access their pension information via smartphones/tablets as mentioned on their website
Web Portal Web-based interface for members to access account information, make changes, and view documents		Altair includes a web portal solution for members to access their pension information and perform self-service actions
Accessibility Compliance Adherence to WCAG accessibility standards to ensure usability for members with disabilities		As a modern pension administration system, Altair would comply with accessibility standards to ensure usability for all members
Multi-language Support Availability of interface in multiple languages to accommodate diverse member populations		No information available
Single Sign-On (SSO) Capability to integrate with organizational authentication systems for streamlined access		Altair likely supports SSO capabilities as a comprehensive enterprise solution for pension administration
Self-Service Capabilities Extent to which members can perform account updates and transactions without administrator assistance		No information available
Beneficiary Management Ability for members to view and update beneficiary information online		Beneficiary management is a core functionality of pension administration systems like Altair
Document Upload/Download Functionality for members to upload required documents and download statements/forms		Document management is a core feature of Altair including document upload/download functionality mentioned in the product description
Retirement Planning Tools Interactive calculators and projection tools for retirement planning		Altair likely includes retirement planning tools as part of its member services offering
Educational Content Access to resources that help members understand their pension benefits and options		Educational content would be part of their member communication capabilities
Investment Choice Management Ability for members to view and change investment allocations online		Investment choice management is typically included for defined contribution schemes, which Altair supports
Digital Statement Delivery Capability to deliver account statements electronically with notifications		Digital statement delivery is part of Altair's communications module

Email Campaign Management Tools for creating, scheduling, and tracking email communications to members		Since Altair has a communications module, email campaign management would be included
SMS Notification System Capability to send text message alerts and notifications to members		SMS notifications would be part of Altair's comprehensive communication capabilities
Push Notification Support Ability to send notifications through mobile app to alert members of important updates		Push notification support would be available via their mobile application
Communication Templates Pre-designed, customizable templates for standard member communications		No information available
Personalization Capabilities Ability to dynamically personalize communications based on member data and preferences		Personalization of communications would be part of their communications module
Scheduled Communications Functionality to set up automated, triggered communications based on events or timelines		Scheduled communications would be part of the workflow management capabilities mentioned in the product description
Multi-channel Delivery Ability to coordinate communications across multiple channels (email, SMS, mail, etc.)		Multi-channel delivery is likely supported as part of their comprehensive communications module
Communication Tracking Tools to monitor delivery, open rates, and engagement with member communications		Communication tracking would be included in a modern pension administration system's communications module
Regulatory Disclosure Management System for managing required regulatory communications and ensuring compliance		Regulatory disclosure management is explicitly mentioned as part of their regulatory compliance module
Targeted Campaign Management Ability to segment members and create targeted communication campaigns		Targeted campaign management would be part of their communications capabilities
Interactive Chat Support Live chat or chatbot functionality for immediate member assistance		No information available
Video Communication Integration Capability to include video content in member communications		No information available
A/B Testing Tools Functionality to test different communication approaches and measure effectiveness		No information available

Member Profile Completeness Comprehensiveness of member data fields captured and maintained		No information available
Data Validation Rules Automated checks to ensure accuracy and consistency of member data		Data validation rules would be critical for a pension administration system to maintain data integrity
Change History Tracking Ability to maintain a complete audit trail of changes to member records		Change history tracking is essential for pension administration and would be included in Altair
Document Management System Integrated system for storing and retrieving member-related documents		Document management system is explicitly mentioned in the product description
Data Import/Export Capabilities Tools for bulk importing and exporting member data in various formats		Data import/export capabilities would be standard in a comprehensive pension administration system
Deduplication Tools Functionality to identify and merge duplicate member records		Deduplication tools would be part of data management capabilities
Data Encryption Encryption of sensitive member data at rest and in transit		Data encryption would be standard for sensitive pension data
Custom Field Support Ability to add custom data fields to member profiles		Custom field support would be available to accommodate different pension scheme requirements
Address Verification Integration with address verification services to ensure accurate contact information		Address verification would be part of member data management
Member Segmentation Capability to group members based on various attributes for analysis and communication		Member segmentation capabilities would be included for targeted communications
Data Quality Dashboards Tools to monitor and improve overall member data quality		Data quality dashboards would be part of administrative toolset
Data Retention Policies Automated enforcement of data retention and deletion requirements		Data retention policies would be implemented for regulatory compliance

Configurable Workflows Ability to create and modify administrative workflows without programming		Configurable workflows are explicitly mentioned in the product description
Approval Hierarchies Support for multi-level approval processes for transactions and changes		Approval hierarchies would be part of the workflow management system
Task Assignment Functionality to assign tasks to specific administrators or teams		Task assignment would be included in workflow management
SLA Monitoring Tools to track service level agreements for administrative processes		The system provides SLA monitoring tools to track service level agreements for administrative processes.
Process Automation Extent to which routine administrative tasks can be automated		No information available
Exception Handling Built-in processes for managing exceptions to standard workflows		Altair includes built-in processes for managing exceptions to standard workflows.
Workflow Analytics Reporting on workflow efficiency, bottlenecks, and completion rates		The platform provides workflow analytics to report on efficiency, bottlenecks, and completion rates.
Bulk Processing Ability to process multiple member transactions or updates simultaneously		Altair supports bulk processing for handling multiple member transactions or updates simultaneously.
Event Triggers Automated actions triggered by specific events or conditions		The system includes event triggers for automated actions based on specific events or conditions.
Administrator Dashboards Personalized views showing pending tasks and priorities for administrators		Altair provides administrator dashboards showing pending tasks and priorities.
Process Documentation Integrated tools for documenting administrative procedures		The platform includes integrated tools for documenting administrative procedures.
Deadline Management Systems for tracking and ensuring compliance with regulatory and operational deadlines		Altair offers deadline management systems for tracking and ensuring compliance with regulatory and operational deadlines.

Standard Reports Pre-configured reports for common administrative needs		No information available
Custom Report Builder Tools allowing administrators to create custom reports without programming		No information available
Real-time Dashboards Visual displays of key metrics updated in real-time		No information available
Data Visualization Tools Capabilities for creating charts, graphs, and other visual representations of data		No information available
Scheduled Report Distribution Ability to schedule automatic generation and distribution of reports		No information available
Regulatory Reporting Pre-configured reports meeting regulatory requirements		No information available
Member Engagement Analytics Metrics and analysis of member interactions with the pension platform		No information available
Trend Analysis Tools for identifying and visualizing trends in member data over time		No information available
Export Formats Number of formats available for exporting reports and data		No information available
Predictive Analytics Advanced analytics capabilities to forecast trends and member behaviors		No information available
Drill-down Capabilities Ability to navigate from summary data to detailed information		No information available
Data API Access Availability of APIs for accessing raw data for external analysis		No information available
Reporting Performance Speed of report generation for standard reports		No information available

Altair from Aquila Heywood

Product analysis by function

Pension Administration Systems for Member Administration

Member Data Management (0 Yes /0 Known /12 Possible features)

Contribution Processing (0 Yes /0 Known /12 Possible features)

Benefit Calculations (0 Yes /0 Known /13 Possible features)

Benefit Payments (0 Yes /0 Known /12 Possible features)

Self-Service Portal (0 Yes /0 Known /13 Possible features)

Regulatory Compliance (0 Yes /0 Known /12 Possible features)

Workflow and Process Management (0 Yes /0 Known /12 Possible features)

Reporting and Analytics (0 Yes /0 Known /13 Possible features)

System Integration (0 Yes /0 Known /12 Possible features)

Security and Data Protection (0 Yes /0 Known /13 Possible features)

Benefit Calculation Engines for Member Administration

Core Calculation Functionality (0 Yes /0 Known /12 Possible features)

Regulatory Compliance (0 Yes /0 Known /11 Possible features)

Configuration and Flexibility (0 Yes /0 Known /12 Possible features)

Integration Capabilities (0 Yes /0 Known /12 Possible features)

User Experience (0 Yes /0 Known /12 Possible features)

Data Quality and Management (0 Yes /0 Known /12 Possible features)

Reporting and Analytics (0 Yes /0 Known /12 Possible features)

Performance and Scalability (0 Yes /0 Known /12 Possible features)

Security and Compliance (0 Yes /0 Known /12 Possible features)

Support and Maintenance (0 Yes /0 Known /12 Possible features)

Communication Management Platforms for Member Administration

Member Interface & Accessibility (10 Yes /10 Known /12 Possible features)

Communication Capabilities (9 Yes /9 Known /13 Possible features)

Member Data Management (11 Yes /11 Known /12 Possible features)

Workflow & Process Management (11 Yes /11 Known /12 Possible features)

Reporting & Analytics (0 Yes /0 Known /13 Possible features)

Integration Capabilities (0 Yes /0 Known /12 Possible features)

Security & Compliance (0 Yes /0 Known /13 Possible features)

Technical Performance (0 Yes /0 Known /12 Possible features)

Support & Implementation (0 Yes /0 Known /12 Possible features)

Cost & Contract (0 Yes /0 Known /13 Possible features)

Fiduciary Management Systems for Compliance and Governance

Pension Fund Accounting Systems for Financial Operations

Payment Processing Systems for Financial Operations

Member Data Management
(0 Yes /0 Known /12 Possible features)

Contribution Processing
(0 Yes /0 Known /12 Possible features)

Benefit Calculations
(0 Yes /0 Known /13 Possible features)

Benefit Payments
(0 Yes /0 Known /12 Possible features)

Self-Service Portal
(0 Yes /0 Known /13 Possible features)

Regulatory Compliance
(0 Yes /0 Known /12 Possible features)

Workflow and Process Management
(0 Yes /0 Known /12 Possible features)

Reporting and Analytics
(0 Yes /0 Known /13 Possible features)

System Integration
(0 Yes /0 Known /12 Possible features)

Security and Data Protection
(0 Yes /0 Known /13 Possible features)

Core Calculation Functionality
(0 Yes /0 Known /12 Possible features)

Regulatory Compliance
(0 Yes /0 Known /11 Possible features)

Configuration and Flexibility
(0 Yes /0 Known /12 Possible features)

Integration Capabilities
(0 Yes /0 Known /12 Possible features)

User Experience
(0 Yes /0 Known /12 Possible features)

Data Quality and Management
(0 Yes /0 Known /12 Possible features)

Reporting and Analytics
(0 Yes /0 Known /12 Possible features)

Performance and Scalability
(0 Yes /0 Known /12 Possible features)

Security and Compliance
(0 Yes /0 Known /12 Possible features)

Support and Maintenance
(0 Yes /0 Known /12 Possible features)

Member Interface & Accessibility
(10 Yes /10 Known /12 Possible features)

Communication Capabilities
(9 Yes /9 Known /13 Possible features)

Member Data Management
(11 Yes /11 Known /12 Possible features)

Workflow & Process Management
(11 Yes /11 Known /12 Possible features)

Reporting & Analytics
(0 Yes /0 Known /13 Possible features)

Integration Capabilities
(0 Yes /0 Known /12 Possible features)

Security & Compliance
(0 Yes /0 Known /13 Possible features)

Technical Performance
(0 Yes /0 Known /12 Possible features)

Support & Implementation
(0 Yes /0 Known /12 Possible features)

Cost & Contract
(0 Yes /0 Known /13 Possible features)

API Availability Comprehensiveness of available APIs for integration with other systems		No information available
HR System Integration Built-in connectors for common HR and payroll systems		No information available
Investment Platform Integration Ability to connect with investment management platforms		No information available
Banking System Connectivity Integration with banking systems for contributions and payments		No information available
Identity Management Integration Support for enterprise identity and access management systems		No information available
Document Management Integration Connectivity with external document management systems		No information available
CRM Integration Ability to connect with customer relationship management systems		No information available
ETL Tools Built-in extract, transform, load capabilities for data integration		No information available
Third-party Service Connectors Number of pre-built connectors for common third-party services		No information available
Webhook Support Ability to trigger external systems based on events within the platform		No information available
Integration Monitoring Tools to monitor and troubleshoot integration points		No information available
Data Mapping Tools Functionality for mapping data fields between different systems		No information available

System Uptime Guaranteed availability of the platform		No information available
Response Time Average time for system to respond to standard transactions		No information available
Scalability Ability to handle increasing numbers of members and transactions		No information available
Disaster Recovery Comprehensive disaster recovery capabilities and processes		No information available
Backup Frequency How often system data is backed up		No information available
Recovery Time Objective Targeted time to restore system after failure		No information available
Browser Compatibility Range of web browsers supported		No information available
Mobile Device Support Range of mobile operating systems supported		No information available
Concurrent User Capacity Maximum number of simultaneous users supported		No information available
Release Frequency How often system updates and new features are released		No information available
System Monitoring Comprehensive monitoring of system performance and issues		No information available
Performance Testing Regular testing to ensure system performance under load		No information available

Support Hours Availability of vendor technical support		No information available
Support Channels Number of different ways to access technical support		No information available
Response Time SLA Guaranteed response time for support requests		No information available
Training Resources Comprehensiveness of available training materials		No information available
Implementation Methodology Structured approach to system implementation		No information available
Data Migration Services Assistance with migrating data from legacy systems		No information available
Customization Services Availability of services for system customization		No information available
User Documentation Quality and comprehensiveness of system documentation		No information available
Administrator Training Formal training programs for system administrators		No information available
Knowledge Base Searchable repository of support articles and solutions		No information available
User Community Active community of users for peer support and knowledge sharing		No information available
Dedicated Account Management Assigned account manager for ongoing relationship		No information available

Pricing Model Structure of pricing (per member, flat fee, tiered, etc.)		No information available
Implementation Cost One-time cost for system implementation		No information available
Annual License Cost Recurring annual cost for system license		No information available
Contract Length Options Flexibility in contract duration terms		No information available
Cost Predictability Transparency and predictability of costs over contract term		No information available
Upgrade Costs Additional costs associated with system upgrades		No information available
Support Package Options Variety of support packages available at different price points		No information available
Volume Discounts Availability of discounts based on member volume		No information available
Additional Module Costs Transparency of costs for additional system modules		No information available
Service Credits Availability of service credits for SLA violations		No information available
Contract Flexibility Ability to modify contract terms as needs change		No information available
Exit Costs Costs associated with terminating the contract early		No information available
Data Extraction Costs Costs for extracting data when leaving the platform		No information available