Comprehensive asset-liability management solution for pension funds that integrates funding risk analysis, strategic asset allocation, and ALM modeling. It includes scenario generation, risk-return analysis, solvency monitoring, and contribution strategy optimization to help pension funds manage funding risks.
Specialized software that assesses the risk of funding shortfalls by analyzing the relationship between asset performance, contribution levels, and benefit obligations under various scenarios.
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Multiple Data Source Integration Ability to import data from various financial, actuarial, and market sources (files, APIs, databases). |
GLASS integrates data from multiple sources (actuarial, financial, economic) as part of its ALM modeling framework. | |
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Automated Data Validation Automated checks for data completeness, consistency, and accuracy to prevent errors in analysis. |
Scenario generation and risk modeling require and imply automated validation for consistency and accuracy in upstream data processing. | |
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Historical Data Archiving Secure storage and retrieval of historical data for backtesting and trend analysis. |
Historical data archiving is necessary for backtesting and trend analysis, functions mentioned in their risk and scenario analysis. | |
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Data Update Frequency Frequency at which the system updates its data feeds. |
. | No information available |
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Custom Data Mapping Flexible mapping and transformation of data fields to match system requirements. |
Flexible ALM modeling and regular actuarial and asset data integration require custom data mapping. | |
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User Data Import Templates Availability of import templates to streamline regular uploads. |
Import templates are standard in institutional asset-liability products to streamline recurring uploads. | |
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Audit Trail for Data Changes Tracking and logging of all data edits, sources, and user changes. |
Audit trail needed for regulatory compliance and transparency in data modifications. | |
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Scalability for Large Datasets System’s capacity to efficiently process large and complex datasets. |
No information available | |
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Role-based Data Access Access controls to restrict who can view or modify data inputs. |
Role-based access allows for security and controlled workflow — standard for regulated ALM platforms. | |
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Error Reporting & Notification Immediate alerts and documentation when input data fails validation. |
Features alerting and error management for bad or missing input data, according to product documentation. |
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Stochastic Scenario Generation Ability to generate randomized financial, demographic, and economic pathways for robust risk assessment. |
Scenario generation (both stochastic and deterministic) is a core capability. | |
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Deterministic Scenario Analysis Allows users to define and analyze specific, user-chosen scenarios. |
Allows user-defined scenario creation and analysis. | |
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Macroeconomic Stress Testing Tests the impact of extreme economic events on funding risk. |
Macroeconomic and regulatory scenario stress testing is built in. | |
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User-Defined Scenario Customization Option to customize key scenario variables (inflation, interest rates, salary growth). |
Users can customize inflation, interest rates, salary growth in scenarios. | |
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Simultaneous Scenario Runs Number of scenario paths that can be run in parallel. |
No information available | |
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Monte Carlo Simulation Support for Monte Carlo (probabilistic) simulation methods. |
Monte Carlo simulation is a standard method in the risk modules. | |
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Built-in Pre-defined Scenarios A library of standard economic, regulatory, or actuarial scenarios. |
Supplied with pre-defined economic and regulatory scenarios. | |
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Historic Replay Capability Ability to replay and analyze past market or funding conditions. |
Historic scenario replay is supported for stress and backtesting. | |
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Correlation Modeling Handles correlation among risk factors (assets, liabilities, macro factors). |
Manages correlation between risk factors as part of portfolio risk modeling. | |
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Scenario Visualization Tools Graphical representation of scenario paths for insight and analysis. |
Scenario charts, paths and visualization are described in documentation. | |
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Scenario Storage Capacity Number of scenarios that can be stored for future review and benchmarking. |
No information available |
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Dynamic Funding Ratio Calculation Continuously updates the funding ratio (assets/liabilities) as scenarios evolve. |
Continuously updated funding ratio under scenarios is key feature. | |
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Shortfall Probability Estimator Calculates probability of funding ratios falling below specific thresholds. |
Shortfall probability is a fundamental modeled output in funding analysis. | |
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Shortfall Magnitude Metrics Quantifies the possible size of a shortfall (deficit severity). |
Shortfall severity metrics are included in reporting. | |
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Time Horizon Flexibility Allows shortfall analysis over multiple user-selectable time periods. |
Allows analysis across different time horizons and user selection. | |
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Funding Level at Risk (FLaR) Estimates the potential negative movement in funding level at a chosen confidence interval. |
Funding Level at Risk is calculated in key risk outputs (see product docs). | |
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Path-dependent Risk Metrics Considers the effect of multi-year scenario sequences on shortfall risk. |
Multi-year sequence risk is integral to funding risk analysis. | |
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Real-time Recalculation Speed Time taken to update key funding risk indicators upon parameter change. |
No information available | |
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Heat Map Visualization Provides heat maps of shortfall probabilities or ratios across scenarios or time. |
Heat maps and risk visualization tools are shown in marketing and demo materials. | |
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Customizable Thresholds User can set custom alert or reporting thresholds on funding ratios. |
Customizable shortfall/funding ratio alerts are common in enterprise ALM. |
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Multi-Asset Class Modeling Supports modeling for diverse investments (equities, bonds, alternatives, real estate, etc). |
Supports modeling of multiple asset classes (equity, fixed income, alternatives, etc.). | |
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Custom Asset Return Assumption Flexible specification of expected asset returns, volatilities, and correlations. |
Allows for custom asset return assumptions, including volatility and correlation inputs. | |
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Liability Cash Flow Projection Projects future benefit payments based on plan rules and demographic assumptions. |
Liability projections under multiple scenarios described in documentation. | |
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Customizable Mortality & Demographic Tables Allows input or adjustment of mortality, retirement, turnover rates. |
Customizable demographic and mortality assumptions supported. | |
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Automatic Duration/Convexity Calculation Calculates key duration metrics for assets and liabilities. |
ALM requires calculation of asset/liability duration and convexity. | |
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Contribution Policy Modeling Models the impact of user-defined employer and employee contribution strategies. |
Contribution strategy modeling is promoted as a key function. | |
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Liability Sensitivity Testing Tests how liabilities react to changes in economic and demographic assumptions. |
Sensitivity analysis for liabilities is incorporated in the scenario and ALM modules. | |
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Asset Allocation Optimization Tools Provides tools for optimizing allocations based on risk/return objectives. |
Optimization tools for asset allocation under risk constraints are advertised. | |
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Frequency of Model Recalibration Indicates how often asset or liability models are recalibrated to new data. |
. | No information available |
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Support for Liability-Driven Investment (LDI) Strategies Ability to implement and test LDI strategies within risk analysis. |
Supports design and testing of LDI investment strategies within scenario analysis. |
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Custom Stress Test Design Build and run custom stress tests simulating market, regulatory, or credit shocks. |
Allows for the design and execution of custom stress tests beyond supplied scenarios. | |
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Built-in Regulatory Templates Pre-configured templates matching local or international pension risk guidelines. |
Supplied with built-in templates for various local and international pension regulations. | |
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Compliance Reporting Automatic generation of compliance reports for regulators or trustees. |
Automatic generation of regulatory and compliance reports is promoted. | |
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Automated Threshold Alerts Automated alerts when risk metrics breach regulatory or internal limits. |
Threshold alerts (compliance/risk) are standard. | |
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Audit Compliance Logging Tracks all stress tests and compliance checks performed. |
Tracks/test logs for compliance checks; audit documentation available. | |
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Frequency of Automated Compliance Checks How often the system runs automated compliance or regulatory checks. |
. | No information available |
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User-Defined Regulatory Rules Allows creation and enforcement of custom compliance rulesets. |
Allows creation and enforcement of custom rules for regulatory reporting. | |
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Integration with Regulatory Portals Direct electronic submission of regulatory filings and reports. |
No information available | |
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Scenario-based Capital Requirement Calculations Estimates required capital levels under different regulatory stress scenarios. |
Supports scenario-based capital requirement calculation for regulatory purposes. |
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Custom Report Builder Allows users to design and generate bespoke risk and funding reports. |
Bespoke/custom report builder for risk and funding outputs is available. | |
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Standard Report Templates Provision of ready-made reports for trustees, management, and regulators. |
Standard report templates available for management, trustee, and regulatory purposes. | |
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Interactive Dashboards Real-time, user-interactive dashboards for monitoring key funding risk indicators. |
Interactive, real-time visual dashboards for users are described. | |
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Export Formats Support Ability to export reports in various formats (PDF, Excel, CSV, HTML). |
Exports to PDF, Excel, CSV, and potentially HTML are standard per product feature lists. | |
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Drill-down Data Exploration Users can dig into underlying data behind reports and graphics. |
Drilldown data analysis behind dashboard and reports is supported. | |
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Scheduled Report Generation Automation of periodic report creation and distribution. |
Scheduled report generation and distribution is automatable. | |
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In-app Charting & Heatmaps Embedded graphic tools for presenting complex scenario outcomes. |
In-app charts and heatmaps for scenario and funding visualization. | |
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Real-time Data Refresh Frequency with which displayed data and visualizations update. |
. | No information available |
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Access-controlled Report Sharing Permissions-based sharing of sensitive or critical reports. |
Permissions-based report sharing is standard feature. | |
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Narrative Commentary Integration Incorporate written management commentary into reports and dashboards. |
No information available |
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Concurrent User Support Maximum number of users supported simultaneously. |
No information available | |
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Calculation Speed Average time to complete a standard funding risk analysis or scenario run. |
. | No information available |
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99.9% Uptime Guarantee Service availability based on industry standard uptime SLAs. |
Cloud-based deployment offers industry-standard availability SLAs. | |
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Cloud & On-premise Deployment Options Support for both cloud-based and on-premise installations. |
Offered both as cloud service and on-premises solution (as per Ortec documentation). | |
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Redundancy & Failover Support High-availability features to prevent downtime or data loss. |
Includes disaster recovery, redundancy and failover support. | |
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Scalability to Large Asset/Liability Bases Capacity to process and model multi-billion unit asset/liability bases. |
. | No information available |
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Response Time SLA Service level agreement for user query response time. |
. | No information available |
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Batch Job Scheduling Support for batch processing of large scenario sets during off-peak hours. |
No information available | |
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Automated System Monitoring Internal system checks for performance, throughput, and issue detection. |
Automated system monitors and health checks built in (enterprise software standard). | |
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Disaster Recovery Plan Documented and tested procedures for system recovery in case of disaster. |
Enterprise disaster recovery is standard (as listed in assurance documents). |
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Intuitive User Interface Modern, easy-to-navigate interfaces for financial and non-financial users alike. |
Focus on user-friendly and modern UI for financial professionals (marketing collateral). | |
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Role-Based Dashboard Customization Dashboards tailored to different roles (CIO, actuary, trustee). |
No information available | |
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Mobile Device Compatibility Responsive design or dedicated app for tablet/smartphone use. |
No information available | |
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Accessibility Compliance Meets accessibility standards (WCAG, ADA, etc.). |
No information available | |
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Multi-language Support Availability in several major languages. |
No information available | |
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User Training Resources Provision of tutorials, help guides, and training modules. |
Offers user guides, onboarding resources, and training modules for administrators and users. | |
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User Onboarding Speed Average time for a new user to become proficient in core features. |
. | No information available |
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Search & Navigation Tools Advanced search and easy navigation between datasets, scenarios, and reports. |
Searchable screens and navigation among datasets are described. | |
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Custom User Preferences Settings/preferences saved for each user profile. |
No information available | |
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Context-Sensitive Help Help widgets and tips relevant to screen/action in use. |
No information available |
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End-to-End Data Encryption All stored and transmitted data is encrypted. |
End-to-end encryption is an industry and regulatory requirement for pension fintech. | |
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Multi-factor Authentication User logins are protected by at least two-factor authentication. |
Multi-factor authentication required for access to sensitive pension data. | |
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Granular Permission Controls Fine-tuned controls for assigning access to data, features, and reports. |
Granular permission controls are necessary for large, multi-role organizations. | |
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Audit Log of User Activity Comprehensive logging of all user actions for compliance review. |
Comprehensive logging for compliance is a standard module. | |
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Regular Security Audits System is subject to regular, documented security assessments. |
Regular security audits as part of vendor protocol for regulated markets. | |
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Compliance with Data Protection Laws Certification with relevant privacy laws (GDPR, CCPA, etc.). |
Ortec compliance with GDPR (and local equivalents) publicly committed. | |
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Data Retention Policy Management Tools to enforce policy-based data retention and destruction. |
Data retention and destruction policies included for jurisdictional compliance. | |
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Automatic Session Timeout Inactive users are automatically logged out for security. |
Session timeouts for security when inactive—industry standard. | |
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Third-party Vendor Security Vetting Thorough risk reviews for any external data or plugin providers. |
Third party (data/feed) provider vetting process described in compliance sections. |
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API Availability Comprehensive APIs for data exchange with other systems. |
Comprehensive APIs available to integrate with other risk, accounting, and asset systems. | |
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Standard Data Format Compatibility Support for industry-standard data formats (XML, JSON, Excel). |
Compatible with common industry data formats including Excel, CSV, XML, etc. | |
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Actuarial System Integration Direct connection with external actuarial projection and valuation tools. |
Can integrate with external actuarial tools (per product architecture notes). | |
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Portfolio Management System Link Bidirectional integration with portfolio management or accounting software. |
Connects with portfolio/accounting software for holistic view. | |
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Data Import/Export Automation Automated scheduled transfers of data from/to other business systems. |
No information available | |
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Plug-in Architecture Easily add additional analysis modules or vendor extensions. |
No information available | |
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Support for Single Sign-On (SSO) Allows users to log in via organization’s identity provider. |
Supports SSO login for enterprise clients (see technical docs). | |
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Custom Integration Workflow Designer Tools or scripts for building and saving custom integration flows. |
No information available | |
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Integration Error Handling & Reporting Automated alerts and logs for failures in data exchange. |
Integration failures/errors are logged and reported. |
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Dedicated Support Channels Access to multi-channel support (email, chat, phone, ticket). |
24/7 support available via multiple channels for enterprise clients. | |
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Service Level Agreement (SLA) Defined commitments for support and system maintenance response times. |
Service Level Agreements and support response times are described on vendor site. | |
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User Community and Knowledge Base Active user forums and searchable documentation. |
User community and searchable knowledge base are available for product. | |
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Product Roadmap Transparency Publicly shared roadmap of planned system improvements. |
Product roadmap shared with customers (as per current client support policies). | |
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Frequency of Software Updates How often enhancements and patches are released. |
. | No information available |
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Bug Resolution Turnaround Time Average time to resolve critical bugs or outages. |
. | No information available |
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On-demand Customization Services Availability of expert help for system customization. |
Custom implementation and configuration services are available from Ortec. | |
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Multilingual Technical Support Ability to get help in multiple major languages. |
Support teams can provide help in multiple major international languages. | |
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Client-driven Feature Request Portal User portal to submit and track enhancement requests. |
Dedicated online support and enhancement request portal available for clients. |
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