Comprehensive pension administration platform with integrated general ledger, compliance management, member communications, payment processing, investment allocation, and regulatory reporting.
Specialized accounting platforms that handle the unique requirements of pension fund accounting, including unitization, pooled fund accounting, and complex fee structures across multiple investment types.
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Multi-currency Ledger Ability to maintain and report financial records in multiple currencies. |
Acurity is marketed as a comprehensive platform with integrated general ledger and is frequently used by multinational pension funds in Australia and NZ. Industry reviews note support for multi-currency reporting. | |
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Flexible Chart of Accounts Support for customizable account structures to accommodate various fund types and regulatory needs. |
Vendor documentation and implementation guides mention flexible chart of accounts for tailoring to specific fund/regulatory structures. | |
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Automated Journal Entries System automatically posts journal entries after transactions. |
Automated processing of transactions, including journal postings, is referenced on the product overview and in user testimonials. | |
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Accrual Accounting Support for both accrual and cash-based accounting methods. |
Supports both accrual- and cash-based accounting methods according to system specification sheets. | |
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Inter-fund Accounting Support for accounting between multiple sub-funds or pooled arrangements. |
Inter-fund accounting is standard due to support for pooled and split-fund structures. Referenced in implementation documentation. | |
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Audit Trails Complete logs tracking every change in accounting entries. |
Audit trails and event logging are included to meet regulatory needs (cited in product brochures). | |
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Reconciliation Automation Automated reconciliation of accounts and data sources. |
Acurity’s reconciliation engine performs automated matching of accounts with external sources. | |
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Period End Processing Speed Average time to complete month-end or year-end closing processes. |
No information available | |
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Batch Processing Ability to process large batches of transactions simultaneously. |
Batch transaction processing is supported for contributions, benefit payments, and accounting entries. | |
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Error Handling and Correction Tools for detecting, flagging, and correcting errors with audit history. |
System documentation highlights error detection, flagging, and correction with audit backing. |
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Automatic NAV Calculation System automatically calculates daily NAV per unit. |
NAV calculation is automated for daily, weekly, and monthly cycles as standard for superannuation fund accounting. | |
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Support for Multi-class Funds Supports NAV and unit valuation for funds with multiple share/unit classes. |
Support for multi-class unit funds is available for funds managing both wholesale and retail client classes. | |
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Historical NAV Tracking Keeps history of daily/periodic NAVs for compliance and benchmarking. |
Historical NAV values and valuation histories are supported for member and regulatory reporting. | |
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Unit Allotment Automation Automatically allots units based on contributions and redemptions. |
Automates allotment of units to member accounts based on validated contributions and withdrawals. | |
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NAV Calculation Speed Time taken to compute NAV for all funds per cycle. |
No information available | |
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Dividend and Distribution Processing Automatic calculation and posting of dividends and capital gains to unit holders. |
Dividends and distributions (including capital gains) are automatically calculated and posted. Described in investment features section. | |
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Unit Pricing Adjustment Tools Facilities for adjusting NAV/unit price due to errors or revaluations with controls. |
NAV/unit price adjustment controls are present, with correction workflows subject to audit and approvals. | |
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Unit Transaction Limits Maximum unit transactions (subscriptions/redemptions) supported per day. |
No information available | |
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NAV Error Detection Automated detection and notification of abnormal NAV movements. |
Abnormal NAV movement detection and alerting is included as a standard risk/compliance feature. | |
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Unit Reconciliation Automatic matching of units record with underlying assets and transactions. |
Automated reconciliation of unit records with transactions and assets is a core function for pension funds. |
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Multi-Asset Support Supports accounting for equities, fixed income, alternatives, real estate, derivatives, cash, and more. |
Acurity is designed to support equities, fixed income, real estate, derivatives, cash, and alternatives according to the documentation. | |
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Trade Capture and Matching Ability to automatically capture and match trades from order management or custodian feeds. |
Supports automated trade capture via custodian/OMS feeds, with matching workflows. | |
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Automated Corporate Actions Processing Handles splits, dividends, mergers, and other corporate actions automatically. |
Handles splits, dividends, mergers, and corporate actions automatically—cited as a key investment accounting feature. | |
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Mark-to-Market Valuation Real-time or periodic market value computation for all assets. |
Mark-to-market valuation cycles are available for investment asset and portfolio valuations. | |
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Custom Asset Classification Create customized groupings or classifications for reporting or analysis. |
Custom asset/group classifications can be set up for reporting and compliance. | |
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Unrealized/Realized Gains Calculation Automatic tracking and calculation of gains and losses per investment. |
Tracks both realized and unrealized gains/losses, meeting regulatory and performance reporting needs. | |
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Asset Valuation Speed Processing time for full portfolio asset valuation. |
No information available | |
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Integration with Custodians/Market Data Direct connectivity for asset positions, trades, and prices. |
Provides direct interfaces/APIs with custodians, banks, and data vendors. | |
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Asset Holding Limit Maximum number of assets handled per legal entity. |
No information available | |
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Shadow Accounting Ability to run parallel valuation/accounting versus external administrator or custodian records. |
Parallel shadow accounting workflows are highlighted in enterprise/pension-grade implementations. |
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Fee Rule Flexibility Configurable rules for multiple fee types (fixed, tiered, performance-linked, etc.). |
Fee rule engine supports performance-linked, tiered, and fixed fee types. Referenced on product sheets. | |
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Automatic Fee Calculation and Posting Calculation and auto-booking of all fees to accounts and/or units. |
Automatic calculation and posting of all fund, management, and transaction fees is standard. | |
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Expense Allocation Engine Automated distribution of expenses across funds, participants, or accounts. |
Automated expense distribution to members, funds, or accounts is documented in expense management. | |
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Fee Simulation Tools Modelling and forecasting of different fee outcomes/scenarios. |
Scenario and simulation tools for fee modelling are described in product feature lists. | |
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Fee Processing Speed Average time to compute and book all fees for a processing cycle. |
No information available | |
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Bulk Expense Upload Ability to import multiple expense items in one operation. |
Bulk expense and transaction uploads are supported for large contributions and expense batches. | |
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Audit of Fee Changes Full logging of any manual fee edits and reversals. |
Audit logs for all fee changes/edits are available for compliance with APRA and other standards. | |
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Regulatory Fee Disclosure Support Automated provision of fee breakdowns for member/disclosure reports. |
Standardized regulatory fee reporting is included for compliance disclosures. | |
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Fee Cap Controls System enforces mandated caps on specific fee types. |
Fee capping and compliance checks for APRA and trustee-mandated limits are referenced. | |
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Fee Rebate Handling Automatic processing of rebates or discounts at account/unit level. |
Automatic fee rebate processing is available for certain client/member groups. |
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Contribution Allocation Automation Automatically allocates contributions to chosen funds or investment options. |
Contributions are automatically allocated to the correct fund or member option. | |
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Member Transaction History Tracks all inflows, outflows, switches, fees, and benefit payments at member level. |
Full transaction history at the member level, including contributions, switches, and fees, is a core feature. | |
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Member Unit Statement Generation On-demand or scheduled statement generation for each member. |
Statement generation for members is available on-demand and as scheduled bulk processing. | |
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Batch Contribution Processing Speed Time required to process a batch of contributions. |
No information available | |
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Automated Contribution Validation System automatically checks for contribution limits and errors. |
Contribution validation rules and controls are in place at input and batch processing steps. | |
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Incomplete Contribution Follow-up Automation Tracks and alerts for incomplete or failed member contributions. |
Automated tracking and notification for incomplete or failed contributions is built-in. | |
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Benefit Payment Workflow Automation Workflow for automated approval and payment of benefits/withdrawals. |
Benefit processing workflows include automated routing for approvals and payment. | |
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Member Account Capacity Maximum number of member accounts system can support. |
No information available | |
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Portability & Rollovers Support for rollovers and transfers between pension schemes. |
Portability and rollover support is included for fund consolidation and inter-fund transfers. | |
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Tax and Regulatory Reporting for Members Automated generation of individual member regulatory/tax reports. |
Member-level tax and regulatory reports are auto-generated and used by Australian superannuation funds. |
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Nested/Pooled Entity Structure Support Models and consolidates multi-level fund and pooled investment structures. |
Supports modelling of complex pooled/pooled-nested entity structures, cited in enterprise customer case studies. | |
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Manager-Level Accounting Tracks performance and transactions at individual manager or sub-fund level. |
Tracks individual manager and sub-fund performance/accounts for multi-manager funds. | |
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Cross-Fund Allocations System supports re-allocations across internal/external pooled vehicles. |
Allows cross-fund allocations for internal accounts and multi-entity structures. | |
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Daily Multi-Fund NAV Rapid NAV calculation across multiple funds/entities. |
Designed for daily NAV processing across numerous pooled fund entities. | |
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Segregated and Commingled Asset Handling Tracks and reports on segregated and commingled assets distinctly. |
Tracks segregated and commingled assets through its investment accounting engine. | |
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Look-Through Accounting Supports look-through to underlying assets in fund-of-funds and pooled structures. |
Supports look-through accounting for fund-of-funds per industry best practice. | |
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Maximum Number of Pooled Entities Supported System’s capacity for handling separate pooled accounts/entities. |
No information available | |
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Automatic Manager Report Consolidation Aggregates and produces consolidated reports at manager or pooled entity level. |
Manager-level report consolidation and roll-up is a workflow described in product release notes. | |
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Allocations by Member/Fund Supports allocation of investment returns by individual members or funds. |
Supports allocation of investment returns by member or fund. | |
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Pooled Fund Fee Allocation System can allocate fees accurately in pooled/multi-manager structures. |
Fee allocation is handled for complex multi-manager, pooled arrangements. |
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Automated Regulatory Filing Generates standard regulatory returns (e.g. 5500, SFTR, Solvency II) as per jurisdiction. |
Standard regulatory filings are generated for APRA, ATO, and other regulatory bodies. | |
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Customizable Report Templates Allows for creation/editing of custom regulatory and management report formats. |
Custom reports (including regulatory/management templates) can be built and scheduled. | |
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Real-Time Compliance Alerts System alerts when limits, thresholds, or regulatory breaches occur. |
Real-time monitoring features include compliance alerting for breaches and out-of-range events. | |
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Document Management and Retention Policies Embedded document retention and compliance documentation management. |
Document management and records retention is provided to meet regulatory/compliance needs. | |
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Regulatory Data Feed Integration Automated ingestion of regulatory rule updates for compliance. |
Acurity offers feeds and rule updates for regulatory compliance, including APRA, ATO, and legislative changes. | |
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Audit Report Generation Speed Time to generate full audit and compliance report set. |
No information available | |
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Multi-jurisdiction Support System supports regulations in multiple countries. |
Product operates across AU/NZ and supports multi-jurisdictional compliance. | |
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Pre-validation of Compliance Data In-built validation for completeness and accuracy before submission. |
Validates reporting data before submission to regulators, reducing errors/rejections. | |
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E-Signatures for Regulatory Submissions Integrated e-signature workflows for filing documents. |
No information available | |
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Automated Regulatory Schedule Updates System auto-updates regulatory submission schedules and deadlines. |
Regulatory calendar and submission scheduling with automated updates is available in compliance modules. |
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Open API Support Availability of REST/SOAP APIs for real-time integration with external platforms. |
RESTful APIs and integration with external platforms are described in developer documentation. | |
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Batch Import/Export System supports large batch data uploads/downloads. |
Bulk/batch data import/export is documented in the integration feature set. | |
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Pre-built Connectors to Custodians & Banks Readymade integrations with popular custodians, payment processors, and data vendors. |
Pre-built connectors for major Australian custodians and payment processors are listed. | |
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Automated Data Reconciliation Automatic data validation and reconciliation with external sources for assets, cash, transactions. |
Automated data reconciliation with custodians and external feeds is part of daily workflows. | |
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Custom Data Mapping Flexible mapping tools for non-standard data formats. |
Provides data mapping for non-standard file formats and third-party feeds. | |
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Data Storage Capacity Maximum structured data supported by the platform. |
No information available | |
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Real-time Data Sync Frequency Minimum interval for real-time system data updates. |
No information available | |
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ETL (Extract, Transform, Load) Capabilities Full-fledged ETL functionality for mass data transformation/migration. |
ETL functionality for mass data migration and transformation is referenced in system migration guides. | |
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Bulk Transaction Upload Limits Maximum number of transactions per batch upload. |
No information available | |
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Data Anonymization Tools Assists with GDPR/privacy compliance via anonymization. |
Data anonymization options are available to meet privacy requirements (GDPR-equivalent for AU). |
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Role-Based Access Controls Granular permissions and workflow routing by user roles. |
Role-based permissions and workflow routing referenced in user/security admin guides. | |
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Customizable Dashboards Personalized, real-time dashboards with widgets for KPIs and exceptions. |
Custom and personalized dashboards can be configured for end-users. | |
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Automated Notifications Alerts via email/SMS/app for workflow actions and exceptions. |
Automated notifications for workflow, exceptions, and reminders are described in system features. | |
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Mobile Access Support Responsive web or mobile app access for users. |
Supports mobile and responsive web access for administrators and members. | |
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User Concurrent Session Limit Maximum number of users simultaneously accessing the system. |
No information available | |
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Workflow Builder Tools Drag-and-drop or scriptable workflow automation tools. |
Workflow builder (drag-and-drop and scriptable tools) is available for process automation. | |
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Single Sign-On (SSO) Integration Supports modern SSO protocols for seamless access. |
SSO integration is supported via SAML and other modern protocols. | |
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Audit of User Actions Comprehensive logs of all user actions for security and compliance. |
User action auditing, including data changes and logins, is documented in compliance sections. | |
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Custom Report Scheduler Automatic scheduling and delivery of recurring reports. |
Reports can be scheduled for recurring delivery to users and managers. | |
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Accessibility Compliance Adherence to web accessibility standards (e.g., WCAG, ADA). |
No information available |
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Data Encryption In-Transit and At-Rest Uses advanced encryption (e.g., AES-256) for all data. |
Industry-standard encryption for all data in-transit and at-rest is noted in security documentation. | |
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Configurable Backup Frequency Ability to set backup schedules per data category. |
Backup frequency can be configured by administrators per the product administration manual. | |
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Automated Disaster Recovery Testing Regular automated failover testing to ensure continuity. |
Automated disaster recovery (failover testing, system recovery drills) cited as part of system assurance. | |
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Data Retention Policy Engine Configurable rules for storing, archiving, or deleting records. |
Configurable data retention policies are supported for compliance and internal governance. | |
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Incident Response Time Maximum time to acknowledge and begin response to a security incident. |
No information available | |
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Uptime SLA Guarantee Guaranteed system uptime percentage per annum. |
No information available | |
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Failover Recovery Time Objective (RTO) Maximum expected downtime before full system recovery. |
No information available | |
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Vulnerability Scanning Automated scheduled scans for system vulnerabilities. |
Routine vulnerability scanning included as part of annual/quarterly security checks (vendor documentation). | |
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Penetration Testing Regular third-party penetration/security testing of the system. |
Penetration testing by external security firms cited in compliance assurance notes. | |
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User Security Training Tools Resources/training modules on data security for users. |
Security and compliance training modules for system users are mentioned in the user support portal. |
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Implementation Timeline Average time for full setup and data migration. |
No information available | |
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Dedicated Account Manager Named support manager for each client. |
Dedicated account managers are assigned to enterprise clients as per vendor SLA documentation. | |
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24/7 Technical Support Round-the-clock technical helpdesk availability. |
24/7 technical support is referenced on the product website for critical issue response. | |
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User Training Programs Comprehensive onboarding and ongoing training for system users. |
User training (onboarding, ongoing, and ad hoc) is available as part of standard support. | |
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User Documentation Quality Full user and technical manuals available and updated. |
Full user and technical documentation is available and regularly updated. | |
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Release Update Frequency Scheduled intervals between new feature or patch releases. |
No information available | |
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System Customizability Degree to which processes, screens, and integrations can be customized. |
System processes, screens, and integration points are highly customizable per vendor case studies. | |
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Size of Support Team Number of dedicated support professionals. |
. | No information available |
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Financial Health of Vendor Vendor’s Dun & Bradstreet or credit risk score. |
. | No information available |
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Client Retention Rate Percentage of clients retained over the last 3 years. |
. | No information available |
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