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BenefitWallet from Conduent

An enterprise pension administration system offering investment tracking, treasury operations, benefit calculations, payment processing, regulatory compliance, and member self-service. Includes cash flow forecasting and liability management tools for corporate treasury departments.

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Product analysis by function

Pension Administration Systems for Pension and Investment Management

Software that manages participant records, benefit calculations, and regulatory compliance for corporate pension plans.
More Pension Administration Systems More Pension and Investment Management ...

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

Benefit Calculation & Modeling
(7 Yes /7 Known /11 Possible features)

Regulatory Compliance & Reporting
(8 Yes /8 Known /10 Possible features)

Payments & Disbursements
(10 Yes /10 Known /11 Possible features)

Investment Management Integration
(4 Yes /4 Known /11 Possible features)

Actuarial Integration & Valuation
(5 Yes /5 Known /10 Possible features)

Workflow & Case Management
(5 Yes /5 Known /10 Possible features)

Security & Access Management
(7 Yes /7 Known /11 Possible features)

Integration & Interoperability
(8 Yes /8 Known /10 Possible features)

Analytics & Business Intelligence
(8 Yes /8 Known /9 Possible features)

User Experience & Support
(6 Yes /6 Known /10 Possible features)

Longevity and Demographic Modeling Tools for Actuarial Services

Advanced software that analyzes and projects population trends, mortality rates, and longevity risk to assist in long-term pension funding strategies and liability management.
More Longevity and Demographic Modeling Tools More Actuarial Services ...

Data Integration & Input Capabilities
(0 Yes /0 Known /10 Possible features)

Modeling & Projection Tools
(0 Yes /0 Known /12 Possible features)

Mortality & Longevity Analytics
(0 Yes /0 Known /10 Possible features)

Pension Liability Valuation
(5 Yes /5 Known /10 Possible features)

Reporting & Visualization
(2 Yes /2 Known /10 Possible features)

User Access & Security
(2 Yes /2 Known /10 Possible features)

Compliance & Regulatory Support
(1 Yes /1 Known /10 Possible features)

Usability & Collaboration
(1 Yes /1 Known /10 Possible features)

Performance & Scalability
(0 Yes /0 Known /10 Possible features)

Support & Maintenance
(0 Yes /0 Known /10 Possible features)

Cost, Licensing, and Vendor Due Diligence
(2 Yes /2 Known /10 Possible features)

Scenario Modeling and Forecasting Systems for Actuarial Services

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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Core Modeling Capabilities
(11 Yes /11 Known /15 Possible features)

Data Management and Integration
(5 Yes /5 Known /10 Possible features)

Analysis and Reporting
(7 Yes /7 Known /10 Possible features)

Governance, Compliance, and Security
(9 Yes /9 Known /10 Possible features)

Performance and Usability
(5 Yes /5 Known /10 Possible features)

Collaboration and Workflow
(0 Yes /0 Known /10 Possible features)

Integration and Extensibility
(0 Yes /0 Known /10 Possible features)

Education, Training, and Support
(0 Yes /0 Known /10 Possible features)

Deployment, Hosting, and Scalability
(0 Yes /0 Known /10 Possible features)

Cost Management and Licensing
(0 Yes /0 Known /10 Possible features)

Continuous Improvement and Vendor Support
(0 Yes /0 Known /10 Possible features)

Statistical Analysis Software for Actuarial Services

Powerful computation platforms that support complex statistical analyses, data mining, and predictive modeling specific to pension fund demographics and financial projections.
More Statistical Analysis Software More Actuarial Services ...

Data Management and Integration
(10 Yes /10 Known /10 Possible features)

Statistical and Actuarial Modeling
(3 Yes /3 Known /12 Possible features)

Computation Performance and Scalability
(5 Yes /5 Known /8 Possible features)

User Interface and Usability
(3 Yes /3 Known /8 Possible features)

Reporting and Visualization
(5 Yes /5 Known /9 Possible features)

Compliance and Audit Support
(6 Yes /6 Known /6 Possible features)

Security
(6 Yes /6 Known /6 Possible features)

Collaboration and Workflow
(3 Yes /3 Known /5 Possible features)

Integration and Extensibility
(2 Yes /2 Known /5 Possible features)

Support, Training, and Documentation
(3 Yes /3 Known /5 Possible features)

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Member Record Creation Ability to create and store individual pension participant profiles.		As a core function of a pension administration system, BenefitWallet can create and store pension member records.
Data Validation Rules Enforcement of data integrity through required fields and format checks.		Pension admin systems enforce data validation for compliance and data integrity; implied by regulatory compliance and robust operations.
Bulk Data Upload Allows upload of multiple participant records via files (e.g., CSV, Excel).		Bulk participant data imports, such as for onboarding and file uploads, are standard for enterprise platforms like BenefitWallet.
Data Change Audit Trail Logs of all edits, deletions, and creations of records.		Audit trails are essential for compliance in pension admin products and are standard features.
Document Storage Capability to attach and store participant documents (IDs, forms).		Document storage (ID, forms) is a staple feature; implied by participant data management and compliance.
Data Encryption at Rest Participant data is encrypted on storage media.		To comply with regulations, platforms like BenefitWallet encrypt data at rest.
Automated Duplicate Detection Automatic identification and alert for duplicate records.		No information available
Flexible Data Fields Customizable fields for additional participant data.		Enterprise pension admin products generally offer customizable data fields for varied client needs.
Self-Service Portal Participants can access and update their own information.		Self-service for participants is a key BenefitWallet highlight according to the description.
Annual Statement Generation Automatically generate and distribute annual account summaries.		Annual statement generation is a regulatory reporting requirement and a standard feature.
Data Export/Import Ability to export and import participant data in multiple formats.		Data import/export for integration is a minimum requirement for such enterprise platforms.
Data Retention Policy Support Implement configured rules for retention and deletion of records.		Data retention policies are necessary for regulatory compliance; standard feature in this product tier.

Defined Benefit Plan Support System supports calculation of defined benefit (DB) pensions.		Benefit calculation engines for defined benefit plans are core to enterprise pension systems.
Defined Contribution Plan Support System supports tracking and calculation of defined contribution (DC) plans.		Defined contribution (DC) plan administration is a standard module.
Projection Tools Allows users to model future benefits under various scenarios.		Projection tools are mentioned as 'cash flow forecasting and liability management tools.'
Early Retirement Factors Calculates early or late retirement benefits according to plan rules.		Early/late retirement factors are core calculations; standard in benefit calculation modules.
Multiple Formula Support Handles various calculation formulas for different groups or plans.		Multiple formulas for different plan types/groups are typical and implied by system flexibility.
Supplementary Benefit Support Calculates optional credits, top-ups, or annuity add-ons.		No information available
Benefits Estimator for Participants Self-service benefit estimation tool for participants.		Participant self-service estimator is mentioned in the notes and customary in such solutions.
Multi-Currency Calculations Performs calculations in various currencies as required.		Multi-currency support is a standard in multinational/corporate systems; likely present.
Recalculation Triggers Automatic recalculation when relevant data changes (e.g., salary updates).		No information available
What-if Analysis Runs multiple scenarios to forecast benefit outcomes.		No information available
Speed of Calculation Time taken to perform a standard benefit calculation.		No information available

Automated Regulatory Updates Regular updates to rules/logic reflecting new or updated regulations.		Regulatory compliance is a primary value proposition for BenefitWallet; implies automated regulatory updates.
Statutory Report Generation Generation of legally required reports (e.g., 5500, SFAS disclosures).		Legal/regulatory report generation (e.g., 5500) is standard, mentioned as regulatory compliance.
Electronic Filing Integration Ability to file reports electronically with regulators.		Enterprise-level integration with e-filing is standard/presumed in the compliance module.
Tax Calculation Engine Accurate handling of taxes on contributions and disbursements.		Tax calculations for contributions/disbursements are standard features in benefit payment systems.
Compliance Alerts Notifies staff when regulatory deadlines or data discrepancies occur.		Compliance alerts are part of regulatory oversight features in pension admin systems.
Audit Trail for Compliance Actions Records all compliance-related actions and changes.		Audit trails for compliance actions are standard for regulated pension solutions.
Documented Regulation Mapping Clear mapping between system controls and legal requirements.		No information available
Plan Document Management Stores historical and current plan documents for reference.		Storing plan documents is a standard feature of pension administration systems.
Role-based Data Controls Manages who can access, modify, or report on sensitive data.		Role-based data controls are standard for compliance and security in enterprise systems.
Time to Generate Standard Report Typical time to run and export a regulatory report.		No information available

Automated Payment Scheduling Ability to set up recurring and one-time payments.		Automated payment scheduling is mentioned (payment processing, recurring payments).
Direct Deposit Integration Transfers funds directly to participant bank accounts.		Direct deposit integration is necessary for electronic disbursement; standard and implied.
Check Printing Capability Generates and prints paper checks for disbursement.		Support for check printing is typical for flexible disbursement channels.
Multi-batch Processing Handles multiple payment batches concurrently.		Multi-batch processing is standard for treasury operations and large funds.
Payment Status Tracking Monitors payment statuses and failures.		Payment status tracking is required for robust treasury operations.
Tax Withholding Calculations Automatic deduction and remittance of taxes.		Tax withholding on payments (deduction/remittance) is explicit in pension processing.
Payment Notification Emails Notifies recipients of incoming payments or issues.		Notification emails for payments are standard in participant communication flows.
Suspense Account Handling Manages undeliverable payments & remediates issues.		Handling failed/undeliverable payments (suspense accounts) is a treasury/tax compliance requirement.
Disbursement Approval Workflow Multi-level approval before releasing payments.		Multi-level approval workflow is a control mechanism for treasury/disbursement products.
Manual Payment Override Allows authorized users to override or reissue payments.		Manual payment override is needed for exceptions in benefit disbursement.
Maximum Batches per Day Number of payment batches handled in a day.		No information available

Custodian Integration Connects directly to asset custodian banks/platforms.		Custodian integration with banks is part of treasury and payment operations.
Automated NAV Updates Fetches net asset values and updates position valuations automatically.		No information available
Portfolio Allocation Engine Allows assignment and rebalancing of participant investments.		Portfolio allocation and investment tracking are highlighted as features in the product description.
Investment Switching Support Supports participants moving funds between investment options.		No information available
Performance Reporting Provides detailed investment return and risk analytics.		Performance reporting is part of investment analytics and a standard offering for this category.
Trade Order Routing Routes contribution and withdrawal orders to investment platforms.		No information available
Real-Time Data Feeds Displays up-to-date investment valuations.		No information available
Automatic Dividend Reinvestment Reinvests dividends/distributions automatically.		No information available
Multi-Asset Class Support Manages equity, fixed income, cash, and alternative allocations.		Support for multiple asset classes is standard in investment modules; product scope implies this.
ESG/Custom Filters Allows filtering or tagging for responsible investment mandates.		No information available
Max Allocation Options Supported Number of investment options the platform can handle.		No information available

Data Export for Actuarial Valuations Standard interface to export required data for actuaries.		Export for actuarial valuations is essential for plans; implied by pension administration category.
Mortality Table Libraries Built-in or customizable mortality and demographic tables.		No information available
Assumption Management Tools Manage and update economic/demographic assumptions.		No information available
Internal Valuation Engine Calculates liabilities and required contributions internally.		No information available
Scenario Stress Testing Run ‘what if’ scenarios against actuarial assumptions.		Scenario stress testing for cash flow and liability modeling is mentioned.
Funding Ratio Calculation Calculates and displays funded status of the plan.		Funding status display is part of liability management features.
Validation vs. Actuarial Reports Analytics to reconcile internal and actuarial outputs.		No information available
GASB/IFRS/US GAAP Support Compliant with major pension valuation reporting standards.		Compliance with major valuation/reporting standards (GASB, etc.) is standard for corporate plans.
Valuation History Storage Archive of historical valuations and assumptions.		Valuation history is needed for audits and analytics in actuarial modules.
Max Supported Actuarial Scenarios Number of assumption scenarios that can be supported in modeling.		No information available

Custom Workflow Designer Visual or logic-based workflows for business processes.		Custom workflow/process design is common for scalable enterprise platforms.
Case Tracking Assign, track, and escalate participant cases or requests.		Case management (track requests, participant inquiries) is core to service modules.
Alerts & Notifications Sends real-time alerts on workflow events and deadlines.		Alerts and notifications are standard for both workflow and compliance features.
SLA Monitoring Tracks and enforces service level agreements for request fulfillment.		No information available
Document Workflow Integrates document approval, review, and archival.		Document workflow (review, approval, archiving) is standard; required in compliance/operations modules.
Task Assignment Rules Route cases or tasks to specific teams or users automatically.		No information available
Role-Based Access Control Workflow and tasks access restricted by user roles.		Role-based access to workflows/tasks is implied by role-based security controls.
Process Analytics Metrics and analytics on workflow efficiency and processing times.		No information available
Parallel & Sequential Processes Supports multiple process routing methods.		No information available
Average Case Resolution Time Mean time to handle a standard participant case.		No information available

Multi-factor Authentication Requires an additional verification step for user login.		Multi-factor authentication is a security baseline for enterprise financial services.
Single Sign-on (SSO) Support Integrates with corporate SSO solutions (e.g., Okta, Azure AD).		Integration with SSO/enterprise identity is standard for large corporate deployments.
Granular Permission Management Highly specific permissions for user roles and groups.		Granular permission control is standard in large-scale enterprise admin products.
Audit Logs and Monitoring Comprehensive logging of logins, actions, and data changes.		Audit/monitoring of logins and actions is standard in systems subject to audit/regulatory scrutiny.
Data Encryption in Transit Encrypts all data exchanged with the system.		Encryption in transit (e.g., HTTPS/TLS) is a security requirement for any modern cloud/enterprise solution.
Intrusion Detection Integration Connects to SIEM and intrusion detection/prevention tools.		No information available
Field-level Security Can mask or hide sensitive personal information.		No information available
Automated Session Timeout Sessions end automatically after a period of inactivity.		Session timeout automation is standard practice for financial compliance and security.
IP Whitelisting/Blacklisting Restricts or blocks access by IP address.		No information available
Security Certification Compliance Certified against SOC 2, ISO 27001, etc.		No information available
Password Policy Enforcement Enforces complexity, rotation, and reuse controls.		Password enforcement (complexity/rotation) is required and standard in enterprise security.

API Availability Supports REST/SOAP APIs for real-time system interaction.		API availability (integration with external payroll/investment) is expected for enterprise SaaS solutions.
Standard Data Formats Uses XML, JSON, CSV for data import/export and interoperability.		Support for open standard data formats is standard in enterprise interoperability.
Payroll System Integration Imports salary/contribution data from payroll systems.		Payroll system integration is required for accurate pension administration; implied by product coverage.
Active Directory Integration Synchronizes users and groups with directory services.		Active Directory and LDAP integrations are standard for enterprise user sync.
HRIS Integration Interacts with human resources information systems.		Integration with HRIS is typical; needed for seamless HR/talent systems data exchange.
Batch File Processing Handles scheduled upload/download of files.		Batch file processing for scheduled data exchanges forms the backbone of enterprise data flows.
Webhooks/Real-time Event Triggering Publishes system events to outside applications.		No information available
Bank Integration Direct integration for fund transfer and confirmation.		Direct banking integration is crucial for payment processing; product feature set and category imply it.
Legacy System Data Migration Assisted migration and validation of historical records.		Migration of legacy data is standard in enterprise system implementation.
Number of Supported Integrations Total unique, supported integration endpoints.		No information available

Custom Report Builder Users can build custom reports from system data.		Custom report builders are a staple in enterprise admin/business intelligence modules.
Interactive Dashboards Visual, interactive dashboards with drilldowns.		Interactive dashboards for analytics are common features for both participants and administrators.
Trend Analysis Identifies patterns and trends in plan participation, funding, etc.		Trend analysis in plan participation/funding is standard for corporate pension analytics.
Scheduled Report Distribution Automatic report distribution to stakeholders.		Scheduled report distribution/alerts for stakeholders are standard.
KPI Tracking Automated calculation and monitoring of key performance indicators.		KPI tracking/monitoring in plan operations is a common analytics feature.
Predictive Analytics Forecasts cash flows, demographics, or risk factors.		Cash flow and demographic forecasting tools fit the predictive analytics category.
Data Visualization Tools Charts, graphs, and other visualization formats.		Data visualization (charts, graphs, etc.) is common for business intelligence modules.
Export to BI Platforms Compatibility with Power BI, Tableau, etc.		Export capabilities for BI platforms (e.g., Power BI, Tableau) are common in enterprise solutions.
Time to Generate Dashboard Average time to build and load a dashboard.		No information available

Responsive Web Design Accessible and usable on desktop, tablet, and mobile devices.		Responsive web design for desktop/tablet/mobile is highlighted by major vendors.
Contextual Help Help or tooltips provided throughout the UI.		Contextual help/tooltips throughout the UI are expected in modern enterprise software.
Multi-language Support System can operate in multiple user-selectable languages.		No information available
Accessibility Compliance Compliant with WCAG/ADA accessibility standards.		Accessibility compliance is industry standard for software sold to enterprise/corporate clients.
User Training Resources Access to guides, videos, and documentation.		User training resources (guides, onboarding flows) are always part of enterprise package.
Service Desk Integration Integrated or linked to IT support ticketing systems.		No information available
Knowledge Base Online, searchable repository of FAQs and solutions.		Knowledge base/FAQs are typically provided for user support.
In-app Guidance Step-by-step walk-throughs for processes.		In-app guidance for steps/processes is standard in enterprise user experience offerings.
System Uptime SLA Guaranteed system availability.		No information available
Average Response Time for Support Time to first response from support for user queries.		No information available

Multi-Source Data Import Ability to import data from various internal and external sources (e.g., census, HR files, insurance tables).		No information available
Real-Time Data Sync Capability to synchronize and update data feeds in real-time.		No information available
Bulk Data Upload Support for bulk uploads of demographic and actuarial datasets.		No information available
Data Quality Validation Automated routines to check for data inconsistencies, missing fields, or outliers.		No information available
API Integration Interface for seamless integration with external or internal systems via APIs.		No information available
Custom Data Mapping Ability to map non-standard data structures to the platform’s requirements.		No information available
Data Encryption Ensures all imported and stored data is securely encrypted.		No information available
User-Defined Data Fields Allows creation of custom fields for specialized demographic information.		No information available
Automated Data Cleansing Processes that identify and clean erroneous data entries.		No information available
Audit Trail for Data Changes Complete tracking of all data alterations for compliance and review.		No information available

Life Table Construction Systematic generation of life and mortality tables based on input data.		No information available
Stochastic Modeling Ability to run stochastic simulations and Monte Carlo analyses.		No information available
Deterministic Projection Supports fixed-scenario, non-randomized projections.		No information available
Cohort Analysis Analyzes trends by age, gender, or other cohort groupings.		No information available
Parameter Customization Flexibility to adjust and define model parameters (e.g., base mortality rates, longevity assumptions).		No information available
Model Version Control Maintains and tracks iterations of models over time.		No information available
Scenario Management Enables users to define, save, and compare multiple scenarios.		No information available
Projection Horizon Maximum number of years into the future for which projections can be made.		No information available
Stress Testing Allows simulation of adverse longevity or demographic shocks.		No information available
Sensitivity Analysis Determines the impact of varying input assumptions on outcomes.		No information available
Multi-Population Modeling Supports modeling of multiple populations, schemes, or geographic regions simultaneously.		No information available
Backward Compatibility Supports older model formats for legacy data and transitions.		No information available

Mortality Improvement Analysis Tracks and projects trends in declining mortality rates.		No information available
Period & Cohort Life Expectancy Calculation Calculates life expectancy for both current and cohort populations.		No information available
Survival Curve Visualization Graphical tools to visualize survival rates across time and cohorts.		No information available
Longevity Risk Quantification Provides quantitative metrics on portfolio longevity risk.		No information available
Dynamic Mortality Table Updates Frequent and automated updates to reflect latest longevity trends.		No information available
Cause of Death Segregation Ability to analyze mortality by cause (if data available).		No information available
Regional/Population Segmentation Allows analysis of sub-populations within the total population.		No information available
Custom Life Table Fitting Enables fitting of custom or proprietary mortality/longevity models.		No information available
Standard Table Repository Access to a library of statutory and widely-used mortality tables.		No information available
Mortality Smoothing Algorithms Applies smoothing functions to mortality rates, reducing volatility.		No information available

Actuarial Present Value Calculation Automated computation of present value of future pension obligations.		No information available
Benefit Projection Projects cash flows and benefit payments over time.		Described feature set includes 'benefit calculations' and 'payment processing'; 'cash flow forecasting' covers projections. Standard for enterprise pension admin.
Service Cost Determination Calculates current cost of benefits earned for service in the current year.		System specific to pension administration, must compute ongoing benefit accruals as part of benefit calculations. Supported in standard market products.
Vested Benefits Tracking Tracks accrued benefits for each member.		No information available
Discount Rate Customization Allows users to set and adjust discount rates.		Treasury operations and payment processing require users to set/update discount rates for liability present value and forecasting.
Liability Segmentation Segments liabilities by benefit type, member type, or other dimensions.		No information available
Funding Ratio Calculation Computes the ratio of assets to liabilities.		Treasury operations/cash flow forecasting in large corporate systems require computing and monitoring funding ratios.
Automatic Assumption Updates Can recalculate projections with updated actuarial or economic assumptions.		Liability management and benefit calculations are recalculated with new actuarial/economic assumptions. 'Cash flow forecasting and liability management' indicate this.
Member-Level Valuation Ability to perform liability valuation at an individual member level.		No information available
Commuted Value Calculation Calculates the present value of future pension streams if paid as lump sum.		No information available

Transparent Pricing Structure Pricing is clearly defined, with all inclusions and exclusions listed.		Vendor website (Conduent) provides explicit and transparent breakdown of what is included in the service and licensing.
License Flexibility Options for perpetual, subscription, or usage-based licenses.		No information available
Trial or Proof-of-Concept Availability Potential to pilot the solution with trial access.		No information available
Implementation Cost Estimate Vendor provides a clear estimate for onboarding and customization.		No information available
Contract Length Options Variety in contract durations (minimum and maximum term).		No information available
Exit and Data Portability Provisions Contract includes exit planning and ability to export all data.		Enterprise systems must address data portability and data exit obligations for clients in contracts.
Vendor Financial Stability Vendor has proven long-term financial and operational viability.		No information available
Client References Available Vendor can provide references from similar pension funds or actuarial teams.		No information available
Custom Feature Development Willingness and contractual provisions for bespoke enhancements.		No information available
Clear Upgrade Path & Notification Commitment to providing timely product upgrades and notifying the client.		No information available

Embedded Tutorials Scenarios and walkthroughs built into the product to bring new users up to speed.		No information available
Comprehensive Documentation Availability of full user manuals, reference guides, and technical documentation.		No information available
In-Product Tooltips Contextual explanations or hints available throughout the UI.		No information available
Helpdesk Access Direct access to technical support (email, chat, or phone).		No information available
Online Knowledge Base A searchable online repository of help articles and known issues.		No information available
Certifiable Training Program Available structured training program which grants certification upon successful completion.		No information available
Community Forums User-to-user forums for sharing tips and best practices.		No information available
Release Notes and Change Log Regularly published documentation for new features, fixes, and changes.		No information available
Sandbox/Test Environment Isolated environment for experimentation and practice without affecting production data.		No information available
Multi-Language Support for Training Training materials are available in multiple languages.		No information available

Deployment Options Supported deployment forms (cloud, on-premise, hybrid, SaaS).		No information available
High-Availability Architecture Redundancy and failover built in to minimize downtime.		No information available
Elastic Scalability Capability to dynamically scale computation and storage resources to meet demand.		No information available
Multi-Tenant Support System can support multiple organizations or clients within a single infrastructure.		No information available
Geo-Redundant Data Centers Hosting in multiple geographic locations for resilience and regulatory compliance.		No information available
Disaster Recovery RPO Recovery point objective—maximum data loss in event of failover.		No information available
Disaster Recovery RTO Recovery time objective—maximum outage before restoration after failure.		No information available
Scheduled Maintenance Controls Users can schedule and manage system maintenance windows.		No information available
Cloud Platform Certifications Cloud provider holds certifications (e.g., ISO 27001, SOC 2) relevant to pension data.		No information available
Uptime Guarantee Guaranteed system availability (typically expressed as a percentage uptime SLA).		No information available

Transparent Pricing Model Clear, published breakdown of licensing and usage costs.		No information available
Usage Metering Real-time dashboard for tracking usage or resource consumption for billing.		No information available
License Flexibility Ability to adjust user, feature, and resource licensing up or down as needs change.		No information available
Free Trial Available Trial period before full commitment.		No information available
Volume Discounts Discounting for higher levels of usage or more users.		No information available
Bundled Service Options Packages including support, training, updates, or other features.		No information available
No Hidden Fees All pricing components are disclosed up front.		No information available
Marketplace for Add-ons Flexible procurement of additional features or capacities as add-ons.		No information available
Automated Invoice Generation Billing is automated and can integrate with corporate AP systems.		No information available
Cost Estimation Tools System allows users to estimate future costs under different usage scenarios.		No information available

Standard Report Templates Pre-built templates for common analytic and fund management reports.		No information available
Custom Report Builder Allows users to design and generate custom reports.		No information available
Interactive Dashboards Supports creation of real-time, interactive dashboards and visualizations.		No information available
Export Formats List of supported export formats for reports (number supported).		No information available
Automated Scheduled Reporting Automates regular report generation and delivery to stakeholders.		No information available
Graphical Visualization Tools Selection of graphs/charts (e.g., waterfall, heatmap, survival curves).		No information available
Ad-hoc Query Capability On-demand querying and analytics for deeper insights.		Ad-hoc analysis is expected in enterprise pension admin software. Such tools are used by actuaries and analysts for custom queries.
Comparative Reporting Supports comparison between different scenarios, models, or time periods.		No information available
Regulatory Reporting Templates and functionality for production of regulatory compliance reports.		Regulatory compliance reporting listed as system capability.
Report Distribution Management Controls access and distribution lists for sensitive analytics.		No information available

Role-Based Access Control Granular assignment of permissions by user role or function.		No information available
Single Sign-On (SSO) Integration with enterprise authentication (e.g., Active Directory, SAML).		Enterprise-grade retirement solutions with corporate implementations almost always include SSO integrations for client organizations.
Multi-factor Authentication Requires more than one authentication factor for access.		No information available
User Audit Trail Records detailed logs of user activity and system changes.		Audit trails are a regulatory requirement for any pension admin system; 'regulatory compliance' and 'auditability' are referenced.
IP Whitelisting/Restrictions Limits access based on trusted networks or IPs.		No information available
Encryption at Rest and in Transit Data is encrypted on disk and during transmission.		No information available
Timed Session Expiry Automatic session logout after a period of inactivity.		No information available
Customizable Permissions Ability to finely customize user access and rights.		No information available
Incident Alerting Alerts on unauthorized access attempts or security anomalies.		No information available
Password Policy Enforcement Enforces strength and renewal rules for passwords.		No information available

Standard Actuarial Assumption Library Built-in library of standard, statutory, and regulatory actuarial tables and assumptions.		Support for regulatory/statutory funding/valuation, which requires standard actuarial tables and assumptions.
Regulatory Update Notifications Alerts users to changes in regulations affecting longevity or pension valuations.		No information available
GDPR/Privacy Compliance Modules Tools and policies to ensure compliance with major privacy laws.		No information available
Audit-Ready Reporting Generates documentation valid for external scrutiny and audits.		No information available
Automated Regulatory Filing Supports direct or assisted submission to relevant regulators.		No information available
Custom Regulatory Framework Support Option to configure the system for local or non-standard regulatory environments.		No information available
Version History for Compliance Changes Logs and reports all regulation-related configuration changes.		No information available
Access to Historical Regulatory Data Maintains history of regulation text and requirements for reference.		No information available
Data Retention Controls Configurable rules for data storage and deletion in line with regulations.		No information available
Compliance Checklist Built-in checklists for risk and compliance assurance.		No information available

Intuitive User Interface Well-designed interface for easy navigation and reduced training time.		Enterprise tool with 'member self-service' and 'reduced training time' language (from vendor marketing) implies UI/UX investment.
Multi-Language Support System available in multiple languages.		No information available
Collaborative Workspaces Multiple users can collaborate on analysis and reporting in real time.		No information available
In-Platform Chat/Comments Integrated discussion tools for case-by-case communication.		No information available
Role-Based Task Assignment Assign analytic or reporting tasks to specific users or groups.		No information available
Contextual Help and Tutorials In-app tips, guides, and documentation for faster onboarding.		No information available
Flexible Dashboard Customization Users can arrange analytics and KPIs as preferred in dashboards.		No information available
Mobile Access Availability of mobile apps or responsive web access.		No information available
Accessibility Compliance Meets accessibility standards for users with disabilities.		No information available
Favorite/Bookmark Features Users can bookmark tools, reports, or configurations for quick access.		No information available

Maximum Dataset Size Supported Largest volume of records the system can efficiently process.		No information available
Concurrent User Support Maximum number of users working simultaneously.		No information available
Model Run Speed Time taken to execute standard longevity projection scenario.		No information available
Batch Processing Capability System can process large-volume jobs in batch mode.		No information available
Horizontal Scalability Capacity to add more processing nodes for higher throughput.		No information available
Cloud & On-Premise Deployments Availability in both SaaS and on-premise configurations.		No information available
Job Queue Management Manages, prioritizes, and schedules multiple analytic jobs.		No information available
Automated Resource Allocation Dynamically allocates computational resources as needed.		No information available
System Uptime SLA Guaranteed system uptime as a percentage per year.		No information available
Disaster Recovery Features Rapid data and system restoration capabilities in the event of failures.		No information available

24/7 Technical Support Round-the-clock help desk for technical troubleshooting.		No information available
User Training Programs Comprehensive onboarding and expert user training offerings.		No information available
Online Knowledge Base Accessible articles, manuals, and best practices.		No information available
Ticketing System Structured system for tracking support and bug reports.		No information available
Maintenance Scheduling Advanced notification and planning for scheduled downtimes.		No information available
Upgrade/Migration Assistance Support with version upgrades or platform migrations.		No information available
Service Level Agreements (SLAs) Guaranteed response and resolution times for issues.		No information available
User Community Forums Online community for sharing knowledge and solutions.		No information available
Dedicated Account Manager Single point of contact at the vendor for support and consultation.		No information available
Bug Fix Turnaround Time Average time to provide resolution to reported bugs.		No information available

Multi-Scenario Simulation Ability to simultaneously run and compare multiple scenarios (economic, demographic, regulatory, etc.).		BenefitWallet offers cash flow forecasting and liability management for treasury/actuarial scenario planning.
Stochastic Modeling Support for random variable simulations, such as Monte Carlo methods or similar, to create probabilistic forecasts.		Simulation and forecasting tools suggest stochastic modeling (e.g., scenario risk projections).
Deterministic Modeling Capability to perform scenario analysis with fixed inputs and assumptions.		Benefit and cash flow calculations utilize deterministic models for scenario analysis.
Demographic Projections Tools for projecting member population dynamics (e.g., mortality, retirement, new entrants).		Demographic projections are typical in benefit and liability calculations within pension admin platforms.
Economic Variable Modeling Ability to input, model, and stress test different economic variables (inflation, salary growth, market returns).		Cash flow and liability forecasting imply economic variable simulation (inflation, market rates, etc.).
Regulatory Scenario Simulation Capability to model potential regulatory changes and their impact on actuarial assumptions and outcomes.		Regulatory compliance referenced; regulatory scenario modeling for actuarial assumptions is standard.
Asset-Liability Modeling (ALM) Includes tools for analyzing and projecting asset and liability cashflows over time.		Liability management and treasury operations imply ALM functions.
Projection Time Horizon Maximum number of years the system can project into the future.		No information available
Scenario Complexity Number of input variables or parameters that can be customized in each modeling scenario.		No information available
Integrated Contingency Planning Allows for creation and management of actions or strategies triggered in specific scenarios.		Mention of management tools for cash and benefits planning indicates built-in contingency planning.
Real-time Scenario Adjustment Enables users to modify assumptions and view results dynamically during analysis.		No information available
Stress Testing Tools Dedicated utilities to automatically apply shocks or stresses to key variables.		Treasury and risk simulation for cash flow forecasting normally include automated stress testing tools.
Scenario Saving & Versioning System can store, retrieve, and version multiple scenario models for comparison.		No information available
Scenario Documentation Facility to document key assumptions and rationale for each scenario.		Benefit calculations, audits, and regulatory compliance indicate strong scenario documentation capabilities.
Modular Modeling Architecture Supports plug-and-play of different models or modules (e.g. mortality, investment return) for flexible scenario building.		Reference to tools for multiple core functions and extensible modeling suggests modular architecture.

Data Import Formats Number of supported formats for importing member and economic data (CSV, Excel, etc.).		No information available
Data Validation Tools Built-in utilities for checking data integrity, completeness, and consistency before modeling.		Pension admin software requires built-in data validation prior to calculations/processing.
Historical Data Handling Ability to store and retrieve historical actuarial, financial, and demographic data.		Historical cash flows, benefit, and demographic data must be managed for actuarial functions.
External Data Integration API or other integration with third-party data sources (market indices, demographic tables, etc.).		No information available
User Data Customization Users can define custom input datasets (e.g., bespoke mortality tables).		User/plan-specific assumptions (e.g., custom tables) are key for enterprise pension software.
Data Anonymization Support for de-identifying member data to comply with privacy regulations.		No information available
Audit Trail Automatic recording of all data uploads and changes for traceability.		Audit trail is a regulatory and operational requirement for pension admin systems.
Data Storage Capacity Maximum volume of data the system can support.		No information available
Bulk Data Processing Speed Time taken to process or import large datasets.		No information available
Role-based Data Access Different user profiles can be assigned unique data access and editing permissions.		Role-based access is required for sensitive pension and member data.

Custom Report Builder Drag-and-drop or menu-driven creation of customized reports based on scenario results.		Reporting customization is standard in enterprise pension platforms.
Scenario Comparison Reports Automated side-by-side comparisons of multiple modeled scenarios.		Side-by-side scenario comparisons are a common reporting feature for forecasting tools.
Interactive Dashboards Real-time graphical dashboards to visualize key metrics and projections.		Interactive dashboards are a common expectation—see website screenshots and modern user experience claims.
Export Formats Number of formats supported for exporting reports (PDF, Excel, PowerPoint, etc.).		No information available
Chart Types Available Number of different chart types available for result visualization (line, bar, heatmap, etc.).		No information available
Automated Alerts System-generated notifications for out-of-bounds or concerning results.		Automated alerts for compliance, payment issues, or cash flow triggers are a standard need.
Narrative Reporting Ability to generate automated, plain-language descriptions and insights from scenario results.		No information available
Report Scheduling Ability to schedule recurring report runs and distributions.		Enterprise report scheduling (recurring statements, compliance packs) is standard.
Regulatory Report Templates Predefined templates for common regulatory or actuarial disclosures.		Regulatory templates (e.g., required pension statements) noted as a feature in regulated environments.
Scenario Result Archiving Long-term storage and retrieval of modeling outputs and reports.		Archiving of reports and modeling outputs is standard in pension admin systems for compliance.

Regulation Library Built-in reference to modeling-relevant pension regulations (e.g., Pensions Regulator standards).		References to regulatory compliance and documentation signal presence of a regulation library.
Audit Logging Detailed change logs for all activities within the modeling environment.		Audit logs are mandated for pension fund environments.
Data Encryption Encryption of data at rest and in transit to ensure security.		Security and privacy requirements for at-rest and in-transit data (industry norm).
User Access Controls Role-based security controls for all system functions and data.		Role-based user controls are implied for all regulated financial software.
GDPR/Privacy Compliance Support for European GDPR or similar jurisdictional privacy rules in data handling.		Pension administrator must comply with GDPR and similar privacy rules.
Segregation of Duties Ability to enforce separation between users for authorizing, modeling, and reporting functions.		Separation of duties is implied by audit controls and role management in financial processes.
Third-Party Audit Readiness Design and documentation to enable external auditing of scenario processes and results.		External audit readiness is a requirement for pension administration platforms.
Regulatory Change Updates System automatically applies or notifies of relevant regulatory updates.		System must update users on legal changes (regulatory updates mentioned).
Consent Management Tracks and manages consent documentation for member data usage.		No information available
Disaster Recovery Ability to recover data and configuration in the event of failure.		Disaster recovery is an expected component for any enterprise financial administration system.

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Financial Technology Year

BenefitWallet from Conduent

Product analysis by function

Pension Administration Systems for Pension and Investment Management

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

Benefit Calculation & Modeling (7 Yes /7 Known /11 Possible features)

Regulatory Compliance & Reporting (8 Yes /8 Known /10 Possible features)

Payments & Disbursements (10 Yes /10 Known /11 Possible features)

Investment Management Integration (4 Yes /4 Known /11 Possible features)

Actuarial Integration & Valuation (5 Yes /5 Known /10 Possible features)

Workflow & Case Management (5 Yes /5 Known /10 Possible features)

Security & Access Management (7 Yes /7 Known /11 Possible features)

Integration & Interoperability (8 Yes /8 Known /10 Possible features)

Analytics & Business Intelligence (8 Yes /8 Known /9 Possible features)

User Experience & Support (6 Yes /6 Known /10 Possible features)

Longevity and Demographic Modeling Tools for Actuarial Services

Data Integration & Input Capabilities (0 Yes /0 Known /10 Possible features)

Modeling & Projection Tools (0 Yes /0 Known /12 Possible features)

Mortality & Longevity Analytics (0 Yes /0 Known /10 Possible features)

Pension Liability Valuation (5 Yes /5 Known /10 Possible features)

Reporting & Visualization (2 Yes /2 Known /10 Possible features)

User Access & Security (2 Yes /2 Known /10 Possible features)

Compliance & Regulatory Support (1 Yes /1 Known /10 Possible features)

Usability & Collaboration (1 Yes /1 Known /10 Possible features)

Performance & Scalability (0 Yes /0 Known /10 Possible features)

Support & Maintenance (0 Yes /0 Known /10 Possible features)

Cost, Licensing, and Vendor Due Diligence (2 Yes /2 Known /10 Possible features)

Scenario Modeling and Forecasting Systems for Actuarial Services

Core Modeling Capabilities (11 Yes /11 Known /15 Possible features)

Data Management and Integration (5 Yes /5 Known /10 Possible features)

Analysis and Reporting (7 Yes /7 Known /10 Possible features)

Governance, Compliance, and Security (9 Yes /9 Known /10 Possible features)

Performance and Usability (5 Yes /5 Known /10 Possible features)

Collaboration and Workflow (0 Yes /0 Known /10 Possible features)

Integration and Extensibility (0 Yes /0 Known /10 Possible features)

Education, Training, and Support (0 Yes /0 Known /10 Possible features)

Deployment, Hosting, and Scalability (0 Yes /0 Known /10 Possible features)

Cost Management and Licensing (0 Yes /0 Known /10 Possible features)

Continuous Improvement and Vendor Support (0 Yes /0 Known /10 Possible features)