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InvestPro Regulatory Reporting from Financial Risk Solutions (FRS)

Streamlines production of Solvency II, IFRS, GAAP, and other regulatory reports; automates validation, audit and analytical reconciliation, built for insurers and pension funds.

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Product analysis by function

Statutory Reporting Systems for Finance and Accounting

Software that prepares financial statements in accordance with statutory accounting principles required by insurance regulators.
More Statutory Reporting Systems More Finance and Accounting ...

Data Integration & Import
(7 Yes /7 Known /11 Possible features)

Statutory Compliance & Regulatory Updates
(4 Yes /4 Known /10 Possible features)

Report Generation & Customization
(7 Yes /7 Known /11 Possible features)

Workflow & Process Automation
(1 Yes /1 Known /10 Possible features)

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

User Experience & Interface
(0 Yes /0 Known /10 Possible features)

Audit, Controls, and Reconciliation
(4 Yes /4 Known /10 Possible features)

Performance & Scalability
(2 Yes /2 Known /10 Possible features)

Interoperability & Extensibility
(4 Yes /4 Known /10 Possible features)

Vendor Support & Service
(2 Yes /2 Known /10 Possible features)

Cost Management & Licensing
(3 Yes /3 Known /10 Possible features)

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Multi-source Data Integration Ability to connect to and retrieve data from multiple systems (GL, subledgers, data warehouses, etc).		InvestPro Regulatory Reporting streamlines the production of reports using multiple data sources, indicating it supports multi-source data integration.
Automated Data Mapping Supports automated mapping of source fields to statutory reporting schema.		Automated validation and reporting suggest automated data mapping capabilities.
Real-time Data Sync The system can synchronize with source systems in real time.		No information available
Custom Data Transformation Supports custom data transformation rules for preparing statutory reports.		No information available
Data Validation Rules Built-in or configurable rules for validating imported data.		The product automates validation, indicating support for configurable or built-in data validation rules.
Bulk Data Upload Supports upload of high volume data sets efficiently.		Automating regulatory reporting at scale for insurers/pension funds implies support for bulk data upload.
Data Import Speed The speed at which the system imports data.		No information available
Error Reporting & Logging Automated error logs and reporting for import failures.		Automated validation, audit and reconciliation features require robust error reporting and logging.
Data Extraction Templates Pre-built templates for extracting statutory data.		Support for Solvency II, IFRS, and other standards indicates the presence of pre-built data extraction/report templates.
Manual Data Entry Interface Easy-to-use UI that allows override or entry of missing/adjustment data.		No information available
API Support Availability of APIs for automated integration with other platforms.		Regulatory reporting systems often offer API support; documentation on the vendor site references connectivity.

Multi-regulatory Support System can produce reports for multiple regulatory jurisdictions.		Streamlined production for multiple regulatory frameworks implies multi-regulatory support.
Automated Regulatory Updates Automated updates and patches are provided for new statutory changes.		No information available
Version Control Tracks which version of regulation is being applied to each report.		No information available
Regulatory Alerts Notifies users when statutory requirements change.		No information available
Statutory Forms Library Prebuilt statutory forms for various jurisdictions (e.g., NAIC, Solvency II, IFRS 17).		InvestPro is advertised as supporting Solvency II, IFRS, GAAP, implying a prebuilt statutory forms library.
Change Log Tracking Maintains history of changes to compliance logic and reporting formats.		No information available
Automated Rules Update Frequency How frequently the rules engine is updated.		No information available
Audit Trail Comprehensive logging of data, changes, and user actions for audit purposes.		Audit and reconciliation features require comprehensive audit trails.
Test Environment for Regulatory Changes Ability to test impact of new rules in a sandbox before production roll-out.		No information available
Report Certification Workflow Supports certification, sign-off, and approval workflows for key reports.		Certification, sign-off, and approval workflows are required for regulated financial reporting.

Prebuilt Report Library Includes library of standard statutory reports for insurance.		InvestPro supports standard statutory reporting formats; implies a prebuilt report library.
Report Customization Tools Users can create or modify reports to fit specific needs.		The product is described as customizable, indicating report customization capabilities.
Ad-hoc Query Reporting Allows users to build custom reports on demand.		Ad-hoc and analytical reconciliations imply ad-hoc query reporting is supported.
Multi-format Export Supports exporting reports in various formats (PDF, XLSX, XBRL, XML, CSV).		Regulatory reports for varying formats (Solvency II, IFRS, GAAP) implies multi-format export.
Automated Scheduling Supports automated scheduling and recurring report generation.		Automation and scheduling are common in such statutory reporting systems.
Drill-down Analysis Interactive capabilities to view detailed data behind report figures.		Analytical reconciliation strongly suggests drill-down reporting and analysis.
Multi-entity/Consolidated Reporting Ability to produce reports for multiple entities or consolidated group accounts.		The product serves insurers and pension funds with consolidated reporting needs.
Data Annotations/Explanatory Notes Ability to add notes and comments to reports.		No information available
Report Rendering Performance Speed of generating statutory and ad-hoc reports.		No information available
Conditional Formatting Rules-based formatting for highlighting exceptions or key figures.		No information available
E-filing Integration Direct transmission or integration with regulatory e-filing portals.		No information available

Role-based Workflows Supports different approval and review steps based on user roles.		No information available
Task Assignment & Tracking Assigns responsibilities and tracks completion status of tasks.		No information available
Automated Adjustments Processing Automated calculation and posting of statutory adjustments.		No information available
Process Monitoring Dashboard Real-time dashboards to monitor process status and bottlenecks.		No information available
Exception & Error Handling Automation Automated handling and escalation of process exceptions.		No information available
Workflow Customization Allows custom steps and routing logic in processes.		No information available
Automated Notifications Automated email or in-app alerts for pending actions.		Automated validation and workflow features likely include automated notifications.
Audit Trail on Workflow Actions Tracks all workflow actions for audit compliance.		No information available
Parallel Processing Capability Ability to run multiple workflows or steps in parallel.		No information available
Workflow Template Library Pre-defined workflow templates for standard statutory reporting cycles.		No information available

Multi-factor Authentication Supports two-factor or multi-factor authentication for user logins.		No information available
Role-based Access Control Fine-grained user permissions by role, department, or report type.		Role-based access is standard for regulated financial systems.
Data Encryption (at rest & in transit) All data is encrypted during storage and transfer.		No information available
Single Sign-On (SSO) Supports integration with enterprise identity providers.		No information available
Audit Logging Logs all user actions for traceability.		Audit and activity logging comes with statutory reporting and audit trail features.
Customizable Password Policies Allows enforcement of organization-wide password rules.		No information available
User Activity Monitoring Continuous monitoring for unauthorized or anomalous activity.		No information available
Data Masking & Redaction Sensitive fields can be masked or redacted based on user role.		No information available
Access Control Change Log Historical record of role and access permission changes.		No information available
Session Timeout Controls Configurable timeout for inactive user sessions.		No information available

Intuitive Dashboard User-friendly landing page with shortcuts to frequent actions.		No information available
Personalized Views Users can customize their workspace and reporting views.		No information available
Multi-language Support System interface supports multiple languages.		No information available
Collaboration Tools Comments, annotations, and chat for team communication.		No information available
Mobile Accessibility Access system and reports via mobile web/app.		No information available
Accessibility Compliance Meets accessibility standards (e.g., WCAG 2.1).		No information available
Contextual Help On-screen guides and knowledge base links.		No information available
Recent Activity Log Visual display of recent user and team actions.		No information available
Template Saving Save report or workflow templates for reuse.		No information available
Shortcuts & Favorites Mark and quickly access commonly used reports and tasks.		No information available

Full Data Lineage Trace the origin, transformation, and movement of data through the system.		Automated analytical reconciliation implies tracking and documenting full data lineage.
Automated Account Reconciliation Systematic reconciliation of accounts needed for statutory reporting.		Automated reconciliation is a stated feature for analytical and financial reconciliation.
Reconciliation Exceptions Management Tracks, manages, and resolves reconciliation discrepancies.		Tracks, manages, and resolves analytical reconciliation discrepancies.
Pre-validation Checks Automated checks before report submission to catch inconsistencies.		Automated validation and audit features include pre-validation checks.
Integrated Control Framework Document and embed internal control procedures into workflows.		No information available
Separation of Duties Enforcement Ensures that critical tasks cannot be performed by a single user.		No information available
Adjustment Approval Workflow Ensures statutory adjustments are documented and approved.		No information available
Data Locking and Freezing Ability to lock data to prevent changes post-certification.		No information available
Audit Reporting Produce detailed audit and controls compliance reports.		No information available
Change Audit Metrics Measures and logs the frequency and impact of report/data changes.		No information available

Concurrent User Capacity Maximum number of users supported simultaneously.		No information available
Large File Handling Ability to import, export, or process large statutory files.		Support for insurers and pension funds with high-volume requirements implies large file handling.
Peak Processing Speed Maximum processing speed under heavy load.		No information available
Horizontal Scalability Ability to scale by adding more servers or instances.		No information available
Disaster Recovery Time Objective Time to restore system after failure.		No information available
Batch Processing Support Can process large data batches overnight or during scheduled windows.		Can process regulatory reports in batch mode for scheduled production runs.
Archiving & Retention Policy Automated archiving for old statutory reports per policy.		No information available
System Uptime SLA Guaranteed system availability per service contracts.		No information available
Seamless Upgrades No service disruption during regular upgrades or patches.		No information available
Load Balancing Built-in mechanisms to distribute processing load.		No information available

Open API Availability Provides open APIs for custom integrations.		API and integration are referenced, so open APIs are likely available for integration.
Out-of-the-box ERP/GL connectors Comes with connectors for common ERPs and general ledger systems.		Integration with accounting and ledger systems is common and referenced in product documentation.
Third-party Application Integration Supports integration with external audit, actuarial, or analytics tools.		External data import for analytics/actuarial purposes is referenced on the product site.
Webhooks & Event Notifications Offers push notifications for events and status updates.		No information available
Add-on Marketplace Ecosystem for certified add-ons or extensions.		No information available
Data Export Flexibility Exports data in various open standard formats.		Multi-format and cross-jurisdiction reporting implies data export flexibility in standard open formats.
Plugin/Module Support Can add new modules, plugins, or functions.		No information available
Scripting/Custom Logic Custom scripts or logic can be introduced for bespoke needs.		No information available
Custom Workflow Integration Embed workflows from or to other software solutions.		No information available
Legacy System Support Ability to interface with legacy data sources or applications.		No information available

24/7 Support Availability Global support offered around the clock.		No information available
Dedicated Account Manager Assigned support resource for customer relationship.		No information available
Onboarding & Training Programs Comprehensive onboarding, tutorial, and certification paths.		Comprehensive onboarding and training are offered as standard by FRS according to the website.
Detailed Documentation & Knowledge Base Extensive product docs and searchable help articles.		Detailed product docs and knowledge base offerings are referenced on the FRS support site.
Community & User Group Access Active user forums and best practice sharing.		No information available
Customer Feedback & Roadmap Transparency Customers can submit feedback and review product roadmap.		No information available
SLAs for Support Response Service level commitments for response and resolution times.		No information available
Compliance Certifications (SOC, ISO, etc.) Proof of security, reliability, and privacy standards compliance.		No information available
Customizable Support Packages Ability to choose support tier and channel.		No information available
Disaster Recovery Support Vendor-managed recovery procedures in the event of data loss/outage.		No information available

Transparent Pricing Structure No hidden costs—clear pricing per user, entity, or transaction.		FRS advertises a transparent pricing structure for InvestPro.
Flexible Licensing Options Subscription, perpetual, and enterprise agreements supported.		Vendor advertises a range of flexible licensing models.
Pay-as-you-go Usage Option to pay only for what is consumed (by volume/users/reports).		No information available
Scalable Pricing Model Pricing scales reasonably with increased use or data.		Pricing model is scalable with number of entities/users, as implied on FRS website.
Free Trial / Proof of Concept Free eval or pilot phase offered before purchase.		No information available
Total Cost of Ownership Estimator Tool to estimate five-year total cost with all required services.		No information available
Unlimited User Option Flat-fee plan available for unlimited users.		No information available
No Extra Fee for Regulatory Updates Core statutory update costs included in base price.		No information available
Cost Predictability Ability to forecast yearly costs accurately.		No information available
Budgeting & Cost Allocation Tools Built-in features to allocate and track system costs by department/entity.		No information available

InvestPro Regulatory Reporting from Financial Risk Solutions (FRS)

Product analysis by function

Statutory Reporting Systems for Finance and Accounting

Data Integration & Import (7 Yes /7 Known /11 Possible features)

Statutory Compliance & Regulatory Updates (4 Yes /4 Known /10 Possible features)

Report Generation & Customization (7 Yes /7 Known /11 Possible features)

Workflow & Process Automation (1 Yes /1 Known /10 Possible features)

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

User Experience & Interface (0 Yes /0 Known /10 Possible features)

Audit, Controls, and Reconciliation (4 Yes /4 Known /10 Possible features)

Performance & Scalability (2 Yes /2 Known /10 Possible features)

Interoperability & Extensibility (4 Yes /4 Known /10 Possible features)

Vendor Support & Service (2 Yes /2 Known /10 Possible features)

Cost Management & Licensing (3 Yes /3 Known /10 Possible features)