End-to-end financial close management solution with reconciliation, journal entry, close task management, compliance, intercompany, and disclosure management. Features embedded financial controls, automated workflows, real-time dashboards, and configurable compliance frameworks designed for insurance companies' unique requirements.
Platforms that streamline the period-end financial close process, reducing time and errors in financial statement preparation.
More Financial Close Automation Systems
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Automated Journal Entry Posting Ability to automate and schedule journal entries to various ledgers. |
Product documentation and marketing describe automated journal entry and scheduling to the ledger as a core capability. | |
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Account Reconciliation Automation Automatically matches and reconciles account balances across systems. |
Account reconciliation automation is part of key branding and platform description, covering matching and reconciling across systems. | |
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Intercompany Elimination Automates the process of eliminating intercompany transactions for consolidated reporting. |
Cadency highlights intercompany eliminations, including automation, as part of consolidations for insurance and multi-entity clients. | |
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Trial Balance Automation Enables real-time automated generation and validation of trial balances. |
Trial balance automation is referenced in documentation for ongoing period-end and close management features. | |
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Sub-ledger to GL Reconciliation Automates and manages reconciliation between sub-ledgers and the general ledger. |
Specifically supports sub-ledger to GL reconciliation as an automation, cited in product features for insurance. | |
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Accrual Management Automates the accrual calculation and posting for period-end. |
Accrual management is included in standard period-end close automation per Trintech's documentation. | |
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Suspense Account Monitoring Automatically monitors, tracks and resolves suspense account entries. |
Suspense account handling described as managed and resolved within automated reconciliation processes. | |
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Reconciliation Templates Provides customizable templates for different account types and reconciliations. |
Reconciliation templates are customizable within the platform, as positioned in core product literature. | |
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Bulk Close Operations Ability to close multiple entities, books, or business units simultaneously. |
Bulk entity close operations mentioned as a supported scenario for group close. | |
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Soft Close Capability Allows interim closing of ledgers before final close for review purposes. |
Soft/interim close is mentioned in product materials to allow review prior to final close. | |
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Number of Supported Ledgers Maximum number of separate general ledgers supported in the platform. |
No information available | |
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Custom Workflow Support Ability to define and automate multi-step close workflows tailored to organizational needs. |
Custom workflow support (definable, automated, multi-step) described as a key selling point. | |
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Automated Adjustments System identifies and automatically posts adjustment entries as needed. |
Automated adjustments are mentioned as an available auto-post feature for close activities. | |
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Close Task Checklists Provides configurable, tracked checklists to ensure all close tasks are completed. |
Close checklists, including configurable and tracked, are referenced in marketing and documentation. | |
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Close Calendar Management Helps manage and visualize close timelines, milestones, and dependencies. |
Close calendar (timeline visualization) is a visual feature shown in the UI. |
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ERP Integration Direct connectors or APIs for major ERPs (e.g., SAP, Oracle, Microsoft Dynamics). |
ERP integration with SAP, Oracle, Microsoft, and others through connectors/APIs, per product website and guides. | |
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Data Import Automation Scheduled or on-demand data imports from multiple source systems. |
Automated, scheduled, and on-demand data imports from multiple sources described as core data management. | |
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Real-Time Data Sync Synchronizes financial data in real-time or near real-time. |
Real-time/near real-time synchronization supported for ERP and other integrations. | |
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Data Validation Rules Customizable controls to validate data integrity during the close process. |
Data validation and controls are offered as configurable rule-based steps in the close process. | |
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Data Transformation Tools Features to map, clean, and transform data for compatibility with various systems. |
ETL and data transformation tools referenced for compatibility with multiple source/target systems. | |
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File Format Support Range of supported data file formats (Excel, CSV, XML, etc.). |
No information available | |
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Integration with Document Management Systems Direct integrations with platforms like SharePoint or Box for supporting documents. |
No information available | |
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API Access Availability of RESTful, SOAP or GraphQL APIs for integration and automation. |
API access (REST/SOAP) mentioned as available for integration and automation. | |
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Bulk Data Processing Speed Rate at which the platform can process and import bulk data. |
No information available | |
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Audit Trail for Data Changes Tracks all changes made to imported or exported data. |
Audit trails for data changes, user actions, and configuration updates highlighted as control features. | |
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Manual Data Entry Support Ability for users to manually upload, enter, or amend data as needed. |
Manual data upload and entry are supported per documentation and UI walkthroughs. | |
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Master Data Management Integration Supports connectivity to centralized master data systems. |
No information available |
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Segregation of Duties Ability to enforce separation of roles for critical processes. |
Role-based access and separation of duties cited clearly in compliance/control documentation. | |
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SOX Compliance Features Built-in controls and checklists for Sarbanes-Oxley compliance. |
Platform highlights SOX compliance frameworks, including documentation, checklists, controls. | |
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Audit Trail Comprehensive logging of user activity and changes to financial data. |
Comprehensive audit trail included in terminology and product features for accountability. | |
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Policy Enforcement Ability to enforce close process policies and escalation rules automatically. |
Policy enforcement for close processes, escalation, and compliance are a configurable feature. | |
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Attestation Processes Enables formal certification/attestation of reconciliations and close tasks. |
Attestation and certification processes for reconciliation and close are included as targeted features for insurance/regulated clients. | |
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Approval Workflows Configurable approval flows for journal entries and reconciliations. |
Approval workflows are configurable for both journal and reconciliation processes. | |
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User Access Controls Granular controls over user roles and access to data/features. |
User access controls (granular) are described in platform administration guides. | |
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Automated Controls Testing Features for periodic test and verification of key controls. |
No information available | |
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Compliance Reporting Pre-built and customizable reports for regulatory compliance. |
Regulatory compliance reporting (prebuilt/custom) is a supported feature mentioned for insurance clients. | |
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Change Management Tracking Tracks all changes to process configurations, rules, and templates. |
No information available | |
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Retention Policy Management Automates application of document/data retention policies. |
No information available | |
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Sensitive Data Masking Automatically hides or redacts sensitive financial information. |
Sensitive data masking/configurable visibility is mentioned for compliance in documentation. |
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Workflow Engine Configurable process flows with automated assignment and hand-offs. |
Workflow engine for process automation and assignment is highlighted as a major element of Cadency. | |
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Task Automation Automates repetitive tasks like reconciliations, reminders, and calculations. |
Task automation (including reconciliations, reminders, calculations) is cited and demonstrated in product videos/demos. | |
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Exception Handling Automates identification and escalation of exceptions or breaks. |
Exception handling (identification/escalation) is supported by business rule engine and task escalation. | |
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Automated Notifications Sends alerts and updates based on process events or deadlines. |
Automated notifications for close events and deadlines are part of the platform. | |
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Parallel Processing Support Allows tasks to be completed in parallel, speeding up the close. |
Parallel processing supported for multi-entity close scenarios. | |
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Scheduling Tools Configurable schedules for automated run of close activities. |
Scheduling of close activities and process automation included in workflow engine features. | |
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Business Rule Automation Ability to define and apply custom business logic for process flows. |
Custom business logic (rules, flows) can be defined, as shown in product configuration demos. | |
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Role-based Task Assignment Automated assignment of tasks to users based on roles, workload, or rules. |
Role-based assignment of tasks and workflows described in user/role admin sections of product. | |
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Performance Monitoring Real-time tracking of process progress and blockers. |
Real-time/timed performance and process monitoring included in dashboards. | |
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BPMN Support Compatibility with BPMN standard for documenting business processes. |
No information available |
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Standard Financial Reports Pre-built templates for key financial close and reconciliation reports. |
Standard reporting templates for close and reconciliation available out-of-the box. | |
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Custom Report Builder User-friendly interface to create custom reports and visualizations. |
Custom report builder feature is included, per UI and documentation. | |
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KPI Dashboards Live dashboards tracking close metrics (cycle time, open items, bottlenecks, etc). |
Dashboards enable KPI tracking live (cycle time, open items, etc). | |
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Drill-down Capabilities Ability to move from summary data into details and source transactions. |
Drill-down from summary data to underlying transactions available in most reports. | |
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Variance Analysis Tools Automated tools to identify and analyze variances in financial results. |
Variance analysis tools discussed in documentation and training related to reconciliation and close. | |
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Export Options Range of export formats and direct integration to BI tools. |
Can export to multiple formats and supports integration to BI tools. | |
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Real-time Close Progress Tracking Live display of process completion, overdue tasks, and status indicators. |
Live close progress monitoring is visually rendered in dashboard UI. | |
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Report Scheduling Automated, periodic report generation and distribution. |
Automated/scheduled report distribution is built-in. | |
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User-defined KPIs Flexible creation and monitoring of custom close-related metrics. |
Can configure and monitor user-defined KPIs related to close/reconciliation. | |
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Benchmarking & Trend Analysis Uses historical data to benchmark closes and spot long-term trends. |
Uses historical data for benchmarking and trending performance stats. |
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Role-based Dashboards Personalized views for different user types (controllers, accountants, reviewers, etc.) |
Role-based dashboards and views provided for controllers, users, managers. | |
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In-app Collaboration Features like commenting, notes, and attachments within the close process. |
Collaboration features (notes, comments, attachments) available within platform. | |
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Mobile Access Responsive web/mobile app interfaces for completing close tasks remotely. |
Mobile access promoted as part of user experience in product summaries and guides. | |
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User Training Modules Integrated tutorials, training content, and help guides. |
Online training modules and guides offered via vendor support/training portal. | |
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Multi-language Support Availability in multiple languages for global teams. |
Multi-language (for global teams) mentioned as available configuration. | |
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Multi-currency Support Compatible with multiple currencies, conversion rates, and reporting requirements. |
Multi-currency support as part of international/insurance client offerings. | |
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Personalized Task Lists Each user sees their own prioritized and assigned tasks. |
Personalized/prioritized user task lists visible in UI and described in docs. | |
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Bulk Actions Perform multiple actions (close, approve, assign) at once to speed work. |
Bulk actions (approve, assign etc.) referenced in admin and user guides for accelerating work. | |
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Accessibility Compliance Meets standards like WCAG 2.1 for accessible digital experiences. |
No information available | |
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Integrated Chat/Message System Instant messaging for contextual collaboration within the platform. |
No information available |
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Data Encryption Encrypts data in transit and at rest using industry-standard protocols. |
Data encryption in transit and at rest is referenced in security documentation. | |
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Multi-factor Authentication Enhances platform access security via MFA/2FA options. |
MFA/2FA supported as a security best practice and configuration option. | |
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Regular Security Audits Platform undergoes periodic third-party or internal security testing. |
Regular, third-party security audits referenced in documentation, including compliance with SOC/ISO. | |
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Disaster Recovery SLA The committed time within which systems are restored after a disaster. |
No information available | |
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Data Backup Frequency How often the platform conducts full backups. |
No information available | |
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User Session Management Automatic log-off and session control features. |
Session management (timeout, auto log-off) settings configurable per user/admin guides. | |
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Security Certifications Possession of industry recognized certifications (e.g., ISO 27001, SOC 2). |
SOC 1, SOC 2, and/or ISO 27001 security certifications claimed in multiple brochures. | |
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Granular Permission Settings Detailed controls for access to objects, fields, and actions. |
Granular permission settings (objects, fields, roles) outlined in admin controls. | |
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Audit Log Retention Length of time audit logs are retained and accessible. |
No information available | |
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Single Sign-On Integration Supports SSO via SAML, OAuth, or Active Directory. |
Supports single sign-on with SAML and Microsoft Active Directory per technical documentation. |
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Concurrent User Capacity Maximum simultaneous users supported without loss of performance. |
No information available | |
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Supported Entities/Business Units Maximum organizational units/entities handled within a single deployment. |
No information available | |
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Close Cycle Time Reduction Typical reduction in close time when using the platform. |
No information available | |
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Data Storage Capacity Maximum financial and supporting data storage available per instance. |
No information available | |
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Load Balancing Support System remains performant during peak workloads through automated load balancing. |
Load balancing and high-availability features referenced for enterprise deployments. | |
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Performance Monitoring Tools Built-in analytics for tracking system response and throughput. |
Performance monitoring tools for system throughput and reliability included for admins. | |
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Batch Processing Throughput Maximum number of records processed per hour in batch operations. |
No information available | |
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API Rate Limits Maximum number of API calls per time unit. |
No information available | |
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Geographic Distribution Support for distributed teams and operations across multiple regions. |
Supports distributed teams/multi-region operations for insurance enterprises. | |
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Flexible Deployment Models Options for SaaS, on-premises, or hybrid deployments. |
Primarily SaaS, but hybrid/on-premise available for some clients (per sales documentation). |
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Regulatory Reporting Templates Pre-built templates for statutory, regulatory and NAIC (US) or Solvency II (EU) disclosures. |
Prebuilt templates for US/EU statutory and regulatory reports for insurance documented. | |
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Policy-to-Ledger Reconciliation Automated tools to reconcile policy systems with accounting ledgers. |
Policy-to-ledger reconciliation automation cited as critical for insurance customers and referenced in documentation. | |
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Claims Reserve Calculations Supports actuarial reserve calculations and integration with actuarial systems. |
Claims reserve calculations and integration with actuarial systems referenced for insurance sector support. | |
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Investment Accounting Integration Automated feeds from investment management systems to GL/reconciliation. |
Investment accounting integrations available—feeds from investment systems supported for insurance sector. | |
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Multi-GAAP Support Handles US GAAP, IFRS 17, and other insurance accounting standards. |
Supports US GAAP, IFRS 17, and multi-book; specific insurance accounting standards listed in product details. | |
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Reinsurance Agreement Tracking Automated reconciliation for ceded/premium for reinsurance contracts. |
Reinsurance contract tracking and reconciliation mentioned for insurance vertical. | |
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Premium Receivable Reconciliation Reconciles policy premium receivables automatically. |
Premium receivables reconciliation described as an automated part of insurance-specific workflows. | |
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Claims Payments Tracking Reconciles actual claims payments against reserves and accounting entries. |
Claims payments tracking/reconciliation (actual payments vs. reserves) highlighted as insurance feature. | |
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Product/Line of Business Segmentation Allows close data and reporting by product or line of business. |
Line of business/product segmentation for reporting present, as shown in insurance documentation. | |
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Regulatory Filing Automation System automates the population and e-filing of regulatory reports. |
Regulatory filing automation supported for insurance/financial services. |
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Implementation Time Typical time frame required to deploy and go live. |
No information available | |
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Onboarding Assistance Dedicated onboarding and migration support. |
Onboarding and migration support referenced as provided for new customers. | |
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24/7 Customer Support Support availability around the clock (live chat, call, or ticket). |
24/7 customer support available for global enterprise clients. | |
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Knowledge Base Comprehensive self-serve documentation and troubleshooting guides. |
Online knowledge base and support documentation available to customers. | |
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Dedicated Account Manager Provides an assigned point of contact for ongoing support and escalation. |
Dedicated account manager assigned for ongoing enterprise client success and escalation. | |
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SLAs for Issue Resolution Guaranteed maximum times for critical and non-critical issue resolution. |
No information available | |
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User Community Forums Active community or user groups for peer support. |
User forums and client community referenced for peer networking and support. | |
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Training and Certification Programs Structured courses and certifications for users and admins. |
Formal training/certification programs offered by Trintech. | |
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Partner Network Ecosystem of third-party implementers and solution partners. |
Partner/implementer network referenced in channel/solution partner brochures. | |
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Upgrade/Release Frequency How often platform releases major product enhancements. |
No information available |
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Transparent Pricing Model Clear, published or easy-to-understand pricing (vs. custom quotes only). |
No information available | |
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Modular Pricing Option to pay only for needed modules or features. |
Pricing is modular—clients may license individual components. | |
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Free Trial Availability Ability to try the software at no initial cost for a limited period. |
No information available | |
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Per User Licensing Licensing and cost scales with number of users. |
Pricing/licensing is per user and module. | |
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Transactional Pricing Option Option for pricing based on volume of transactions processed. |
Transactional and volume-based pricing for large enterprise/insurance customers noted in proposal materials. | |
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Implementation Fees One-off fees for initial setup or configuration. |
No information available | |
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Ongoing Maintenance Costs Annual/monthly fees for support, updates, and hosting. |
No information available | |
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Discounts for Multi-year Commitments Reduced pricing available for longer contracts. |
Multi-year commitment discounts available according to publicly-available contract excerpts. | |
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Flexible Contract Terms Monthly/annual options; early termination and upgrade/downgrade policies. |
Contracts flexible for monthly/annual renewal, early termination, and upsell/downgrade per sales information. | |
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Cost Predictability All-in costs clearly outlined with minimal hidden fees. |
Pricing and cost structure outlined up front in most sales and implementation documentation. |
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