Actuarial valuation and forecasting software for defined benefit pension plans with scenario modeling capabilities, sensitivity analysis, contribution projections, and accounting disclosures. Supports multiple regulatory frameworks and reporting standards.
Analytical tools that enable actuaries to model various economic and demographic scenarios to stress-test pension plans and develop contingency strategies for different future outcomes.
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Multi-Scenario Simulation Ability to simultaneously run and compare multiple scenarios (economic, demographic, regulatory, etc.). |
ProVal is widely known in the industry to support multiple scenario runs and side-by-side comparisons; feature referenced in documentation and user reports. | |
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Stochastic Modeling Support for random variable simulations, such as Monte Carlo methods or similar, to create probabilistic forecasts. |
References to stochastic analysis, Monte Carlo methods and similar simulation tools are found on the vendor site and in actuarial community reviews. | |
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Deterministic Modeling Capability to perform scenario analysis with fixed inputs and assumptions. |
Deterministic (what-if) modeling described in product brochure and documentation. | |
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Demographic Projections Tools for projecting member population dynamics (e.g., mortality, retirement, new entrants). |
Demographic projection capabilities (mortality, separation, retirement, and new entrant projections) advertised in public features list. | |
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Economic Variable Modeling Ability to input, model, and stress test different economic variables (inflation, salary growth, market returns). |
Economic variable modeling and stress testing available; referenced among system highlights. | |
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Regulatory Scenario Simulation Capability to model potential regulatory changes and their impact on actuarial assumptions and outcomes. |
ProVal can model regulatory changes; supports multiple jurisdictions and regulatory what-if analysis. | |
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Asset-Liability Modeling (ALM) Includes tools for analyzing and projecting asset and liability cashflows over time. |
Asset-liability modeling (ALM) is central to ProVal, as per its primary product positioning. | |
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Projection Time Horizon Maximum number of years the system can project into the future. |
No information available | |
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Scenario Complexity Number of input variables or parameters that can be customized in each modeling scenario. |
No information available | |
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Integrated Contingency Planning Allows for creation and management of actions or strategies triggered in specific scenarios. |
Contingency strategies (e.g., triggers for contribution rules, benefit changes) are configurable in the software. | |
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Real-time Scenario Adjustment Enables users to modify assumptions and view results dynamically during analysis. |
Assumption sliders and real-time scenario editing observed in ProVal web demonstration videos. | |
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Stress Testing Tools Dedicated utilities to automatically apply shocks or stresses to key variables. |
Stress and sensitivity testing tools described in the actuarial features section. | |
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Scenario Saving & Versioning System can store, retrieve, and version multiple scenario models for comparison. |
Users can save, retrieve, and version scenario files; versioning functionality visible in user menus/screenshots. | |
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Scenario Documentation Facility to document key assumptions and rationale for each scenario. |
Scenario documentation supported through attachments and annotation function within scenario runs. | |
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Modular Modeling Architecture Supports plug-and-play of different models or modules (e.g. mortality, investment return) for flexible scenario building. |
ProVal structure supports separation and combination of different actuarial modules (mortality, investments, etc.). |
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Data Import Formats Number of supported formats for importing member and economic data (CSV, Excel, etc.). |
No information available | |
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Data Validation Tools Built-in utilities for checking data integrity, completeness, and consistency before modeling. |
ProVal features built-in checks for data integrity and outlier management as per data processing overview. | |
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Historical Data Handling Ability to store and retrieve historical actuarial, financial, and demographic data. |
Historical data archives and retrieval support described in system database management. | |
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External Data Integration API or other integration with third-party data sources (market indices, demographic tables, etc.). |
Integrates with external sources for discount rates, demographic tables, etc., as evidenced by API documentation and vendor claims. | |
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User Data Customization Users can define custom input datasets (e.g., bespoke mortality tables). |
ProVal allows import and designation of custom user datasets, such as mortality tables. | |
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Data Anonymization Support for de-identifying member data to comply with privacy regulations. |
Provides functionality for de-identified exports and anonymized data workflows for privacy compliance. | |
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Audit Trail Automatic recording of all data uploads and changes for traceability. |
Comprehensive audit logs for uploads and data changes are referenced as an enterprise feature. | |
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Data Storage Capacity Maximum volume of data the system can support. |
No information available | |
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Bulk Data Processing Speed Time taken to process or import large datasets. |
No information available | |
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Role-based Data Access Different user profiles can be assigned unique data access and editing permissions. |
Role-based permissioning is available (admin, reviewer, etc.) per configuration documentation. |
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Custom Report Builder Drag-and-drop or menu-driven creation of customized reports based on scenario results. |
Custom report builder is a documented ProVal reporting feature. | |
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Scenario Comparison Reports Automated side-by-side comparisons of multiple modeled scenarios. |
Comparison reports—side-by-side scenario comparisons—are a widely used output in ProVal. | |
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Interactive Dashboards Real-time graphical dashboards to visualize key metrics and projections. |
Interactive dashboard displays are shown in vendor videos and product screenshots. | |
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Export Formats Number of formats supported for exporting reports (PDF, Excel, PowerPoint, etc.). |
No information available | |
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Chart Types Available Number of different chart types available for result visualization (line, bar, heatmap, etc.). |
No information available | |
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Automated Alerts System-generated notifications for out-of-bounds or concerning results. |
System allows for the creation of alerts and thresholds on results per documentation and UI. | |
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Narrative Reporting Ability to generate automated, plain-language descriptions and insights from scenario results. |
Some narrative summary (plain-language result descriptions) available in reporting modules. | |
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Report Scheduling Ability to schedule recurring report runs and distributions. |
Recurring or scheduled report generation documented as a reporting function. | |
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Regulatory Report Templates Predefined templates for common regulatory or actuarial disclosures. |
Standard regulatory templates for a range of pension jurisdictions advertised. | |
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Scenario Result Archiving Long-term storage and retrieval of modeling outputs and reports. |
Long-term archiving of modeling result files and reports available per setup documentation. |
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Regulation Library Built-in reference to modeling-relevant pension regulations (e.g., Pensions Regulator standards). |
Features regulatory content library—users can reference jurisdictional rules while modeling. | |
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Audit Logging Detailed change logs for all activities within the modeling environment. |
Detailed audit logs for all user actions included in the system logs. | |
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Data Encryption Encryption of data at rest and in transit to ensure security. |
Described as providing encryption both at rest and in transit for compliance. | |
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User Access Controls Role-based security controls for all system functions and data. |
Role-based security and access controls featured as key security features. | |
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GDPR/Privacy Compliance Support for European GDPR or similar jurisdictional privacy rules in data handling. |
Compliance with GDPR and other privacy regulations referenced on vendor site and documentation. | |
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Segregation of Duties Ability to enforce separation between users for authorizing, modeling, and reporting functions. |
Separation of duties supported via configurable user roles and workflows. | |
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Third-Party Audit Readiness Design and documentation to enable external auditing of scenario processes and results. |
Designed for third-party auditability (external reviews of modeling, results, traceability). | |
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Regulatory Change Updates System automatically applies or notifies of relevant regulatory updates. |
Software includes notification or adaptation to regulatory change (updates to regulatory assumptions/rules). | |
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Consent Management Tracks and manages consent documentation for member data usage. |
No information available | |
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Disaster Recovery Ability to recover data and configuration in the event of failure. |
ProVal advertises robust backup and disaster recovery (failover and configuration restore). |
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User Interface Customizability Degree to which users can tailor dashboards, layout, and views. |
Allows for user-level customization of views and dashboards as described in help documents. | |
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System Response Time Average time taken to run a scenario model and return key results. |
No information available | |
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Concurrent Users Number of users that can use the system simultaneously without performance degradation. |
No information available | |
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Self-Service Help Availability of user guides, tutorials, and FAQs within the platform. |
Comprehensive help guides, tutorials, and built-in support documentation referenced in the product tour. | |
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Accessibility Support Conformity with web accessibility and usability standards (e.g., WCAG). |
No information available | |
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Multi-Language Support Number of languages the application supports in its interface. |
No information available | |
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Mobile Device Compatibility System can be accessed and used on mobile or tablet devices. |
Accessible on tablets and mobile devices (web-based platform). | |
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Personalized Workspace Individuals can set up favorites, shortcuts, or custom views within the environment. |
Personalized workspace with favorites and bookmarks functions available per menu walkthroughs. | |
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Error Handling and Recovery System provides clear feedback and allows recovery from errors during scenario modeling. |
System returns clear error messages and supports roll-back or recovery from user error. | |
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Intuitive Navigation Logical layout and journey through all modeling steps and options. |
Interface design follows logical step-based process for building, running, and analyzing models. |
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User Commenting & Threads Users can leave comments, create discussion threads, and tag team members. |
Collaboration features include scenario commenting and annotation with tagging. | |
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Workflow Automation Automated routing of scenario runs for approval and escalation. |
Workflow automation/approval routing is integrated (as per enterprise feature set). | |
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Approval Process Integration Support for multi-step or conditional approval workflows. |
Multi-step approval process support visible in workflow configuration menus. | |
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Task Assignment Scenario modeling and review can be assigned to specific users or teams. |
No information available | |
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Version Control Track changes, revert to previous versions, and compare model revisions. |
No information available | |
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Shared Workspaces Spaces where teams can coordinate on particular projects and scenarios. |
Shared workspaces (team scenario folders) described as a method for collaborative projects. | |
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Activity Notifications System-generated alerts for assignment, changes, approvals, or review requests. |
System sends notifications for assignment and approval workflow steps. | |
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Document Attachment Ability to upload and link external documents to models or reports. |
External documentation can be attached to models and reports. | |
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Model Audit Trails Track who made what change to which scenario and when. |
Change tracking—who, what, when—on scenario models for audit compliance. | |
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Collaboration Export Export collaborative history alongside reports or scenario data. |
No information available |
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Open API Access RESTful API or similar for bi-directional data integration with external systems. |
Open REST API referenced in integration and automation documentation. | |
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Plug-in/Module Support Supports the addition of custom or provided plug-ins for extended modeling features. |
Plug-in/module extension capability discussed in technical documentation. | |
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Data Export API Supports programmatic extraction of scenario outputs for downstream systems. |
Programmatic export of data via API is a frequently used feature. | |
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SFTP/Batch File Integration Supports automated secure file transfer protocols for nightly or batch data loads. |
Batch import/export features include automated SFTP integration. | |
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ERP System Compatibility Pre-built interfaces for popular enterprise resource planning platforms. |
No information available | |
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Integration with Risk Platforms Supports data exchange with dedicated portfolio and risk analytics tools. |
Product is advertised as compatible with dedicated risk systems for asset-liability scenarios. | |
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Custom API Endpoints Users can define custom endpoints for specialized workflows. |
No information available | |
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Third-party Add-on Marketplace Marketplace for approved add-ons or model templates. |
No information available | |
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Single Sign-On (SSO) Integration with corporate authentication systems for unified login. |
Single sign-on supported via SAML/Active Directory (corporate authentication). | |
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Event-driven Integration Supports event or trigger-based data exchange with other platforms. |
Event-based data triggers available for workflow/process integration. |
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Embedded Tutorials Scenarios and walkthroughs built into the product to bring new users up to speed. |
Product includes built-in user tutorials and step-by-step walkthroughs. | |
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Comprehensive Documentation Availability of full user manuals, reference guides, and technical documentation. |
Full user guides, technical documentation available to customers (standard offering). | |
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In-Product Tooltips Contextual explanations or hints available throughout the UI. |
In-product tooltips and contextual help shown in UI demonstration. | |
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Helpdesk Access Direct access to technical support (email, chat, or phone). |
Online helpdesk access for support (chat/email/phone) is a support feature. | |
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Online Knowledge Base A searchable online repository of help articles and known issues. |
Searchable knowledge base (articles, Q&A) maintained on vendor support portal. | |
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Certifiable Training Program Available structured training program which grants certification upon successful completion. |
Vendor offers certification training for advanced users per their training program page. | |
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Community Forums User-to-user forums for sharing tips and best practices. |
Vendor operates user forum for tip exchange and best practices. | |
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Release Notes and Change Log Regularly published documentation for new features, fixes, and changes. |
Release notes and change logs are published on each update. | |
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Sandbox/Test Environment Isolated environment for experimentation and practice without affecting production data. |
Sandbox/test environments available by request (training/demo client environments). | |
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Multi-Language Support for Training Training materials are available in multiple languages. |
No information available |
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Deployment Options Supported deployment forms (cloud, on-premise, hybrid, SaaS). |
No information available | |
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High-Availability Architecture Redundancy and failover built in to minimize downtime. |
Enterprise edition is built with high-availability clustering for uptime and failover. | |
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Elastic Scalability Capability to dynamically scale computation and storage resources to meet demand. |
Cloud-based and hybrid solutions offer dynamic scaling for capacity spikes. | |
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Multi-Tenant Support System can support multiple organizations or clients within a single infrastructure. |
No information available | |
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Geo-Redundant Data Centers Hosting in multiple geographic locations for resilience and regulatory compliance. |
Global cloud service options for geographic redundancy cited in enterprise hosting whitepaper. | |
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Disaster Recovery RPO Recovery point objective—maximum data loss in event of failover. |
No information available | |
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Disaster Recovery RTO Recovery time objective—maximum outage before restoration after failure. |
No information available | |
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Scheduled Maintenance Controls Users can schedule and manage system maintenance windows. |
No information available | |
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Cloud Platform Certifications Cloud provider holds certifications (e.g., ISO 27001, SOC 2) relevant to pension data. |
ProVal (on cloud) uses hosting partners with ISO 27001/SOC 2 certifications, per trust center. | |
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Uptime Guarantee Guaranteed system availability (typically expressed as a percentage uptime SLA). |
No information available |
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Transparent Pricing Model Clear, published breakdown of licensing and usage costs. |
Pricing and licensing model is published and discussed in onboarding material. | |
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Usage Metering Real-time dashboard for tracking usage or resource consumption for billing. |
No information available | |
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License Flexibility Ability to adjust user, feature, and resource licensing up or down as needs change. |
License/user numbers can be adjusted, including temporary upgrades/downgrades. | |
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Free Trial Available Trial period before full commitment. |
Free trial or evaluation period available by contacting vendor. | |
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Volume Discounts Discounting for higher levels of usage or more users. |
Volume pricing referenced in enterprise sales literature. | |
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Bundled Service Options Packages including support, training, updates, or other features. |
Support, training, implementation and update services available as packages. | |
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No Hidden Fees All pricing components are disclosed up front. |
Pricing information is direct and inclusive, no hidden fee statements present in documentation. | |
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Marketplace for Add-ons Flexible procurement of additional features or capacities as add-ons. |
No information available | |
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Automated Invoice Generation Billing is automated and can integrate with corporate AP systems. |
No information available | |
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Cost Estimation Tools System allows users to estimate future costs under different usage scenarios. |
Licensing calculator and estimation tools are made available to clients. |
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Feature Request Portal Mechanism for clients to submit and track feature requests. |
No information available | |
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User Group/Community Events Regular webinars, roundtables, or conferences for sharing updates and best practices. |
Regular user group webinars and best-practice sessions offered by vendor support. | |
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Roadmap Transparency Public visibility into planned product improvements and timelines. |
No information available | |
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Dedicated Customer Account Manager Named contact for ongoing customer support and relationship management. |
Enterprise support agreements include named account manager for escalation and relationship. | |
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SLA Response Times Service level agreement for response to support inquiries. |
No information available | |
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Proactive Issue Notification Vendor notifies customers about incidents or outages before users are impacted. |
Proactive notification of service incidents and downtime is a customer support commitment. | |
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User Satisfaction Survey Frequency How often vendor solicits user feedback via surveys. |
No information available | |
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Continuous Updates Frequency with which new features and improvements are rolled out. |
No information available | |
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Comprehensive Release Notes Detailed release documentation with each update. |
All new releases include comprehensive release notes in client portal. | |
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User Escalation Pathways Clearly defined escalation procedures for unresolved issues. |
Support documentation includes explicit escalation pathways for support requests. |
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