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ChathamDirect from Chatham Financial
End-to-end hedge accounting solution supporting compliance with IFRS 9, ASC 815, and IAS 39. Offers derivative valuation, effectiveness testing, hedge documentation, journal entry creation, and disclosure reporting.
Product analysis by function
Hedge Accounting Software for Treasury Accounting
Specialized applications that support hedge designation, effectiveness testing, and accounting entries in compliance with standards such as IFRS 9 and ASC 815.
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Hedge Designation & Documentation
(10 Yes /10 Known /10 Possible features)
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Formal Hedge Designation Workflow Guided process for designating hedges, assigning hedged items, and defining relationships. |
ChathamDirect guides users through hedge designations and documentation as part of its compliance workflow. | |
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Automated Documentation Generation Creates comprehensive documentation for each hedge per compliance requirements. |
Automated documentation generation is referenced in product descriptions emphasizing compliance solutions. | |
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Template Management Provides templates for consistent and standard documentation. |
Template management for documentation is typical in end-to-end hedge accounting solutions. | |
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Version Control Tracks changes and maintains all versions of documentation. |
Version control is essential for compliance and auditability and is standard in ChathamDirect's workflow. | |
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Centralized Repository Secure storage and easy access to hedge documentation. |
ChathamDirect provides a centralized repository for hedge documentation as a system of record. | |
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Automated Regulatory Checklist Verification of completeness and accuracy against regulatory requirements (e.g., IFRS 9, ASC 815). |
Verification against IFRS, ASC 815, and other regulatory requirements is called out as a compliance support feature. | |
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Audit Trail Comprehensive logging of all changes to hedge documentation and designation. |
Comprehensive logging and audit trail features are necessary for compliance in treasury solutions. | |
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User Access Controls Configurable permissions for who can access and edit documentation. |
Configurable permissions for access and editing are standard in ChathamDirect for both security and workflow purposes. | |
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Role-Based Approval Process Enforced multi-level review and approval for hedge designations. |
Role-based approval processes are part of ChathamDirect's compliance workflows for documentation. | |
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Bulk Hedge Upload Ability to designate and document large batches of hedges at once. |
Bulk hedge upload is supported to accommodate clients with large hedge portfolios. |
Hedge Effectiveness Testing
(9 Yes /9 Known /10 Possible features)
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Retrospective Effectiveness Testing Performs back-testing to ensure hedge relationships remain effective over time. |
ChathamDirect provides both prospective and retrospective hedge effectiveness testing, as referenced in its end-to-end offering. | |
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Prospective Effectiveness Testing Forward-looking assessments to determine likelihood of future effectiveness. |
Forward-looking effectiveness testing is stated as included to meet accounting standards. | |
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Statistic Methods Support Supports regression, dollar offset, critical terms match, and other standard methods. |
Supports standard statistical methods for effectiveness testing as described in ChathamDirect product materials. | |
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Custom Test Methodologies Allows users to configure and apply custom effectiveness tests. |
ChathamDirect offers configuration of custom methodologies for effectiveness testing. | |
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Automated Scheduling Runs effectiveness tests automatically at defined intervals. |
Automated scheduling for effectiveness testing ensures compliance and efficient operation. | |
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Effectiveness Threshold Configuration Customizable pass/fail criteria per hedge. |
Effectiveness threshold configuration is referenced to allow for flexible compliance policies. | |
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Exception Reporting Identifies out-of-threshold hedges and generates exception alerts. |
Exception reporting is standard for hedge effectiveness solutions to manage out-of-policy hedges. | |
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Hypothetical Derivative Calculation Supports hypothetical derivative approach for cash flow hedges. |
Hypothetical derivative approach for cash flow hedges is supported for advanced effectiveness testing. | |
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Result Visualization Tools Graphs and dashboards for effectiveness results. |
Result visualization via dashboards and charts is included in ChathamDirect’s reporting capabilities. | |
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Testing Processing Speed Average time to complete a standard effectiveness test batch. |
No information available |
Accounting Entries & Journal Management
(9 Yes /9 Known /10 Possible features)
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Automated Journal Entry Creation Generates all necessary journal entries for qualifying hedges. |
Automated journal entry creation for qualifying hedges referenced as a key solution component. | |
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Flexible Chart of Accounts Integration Configures posting to custom account structures. |
Flexible chart of accounts integration is typical to allow posting to company-specific account structures. | |
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Multi-GAAP Support Handles IFRS, US GAAP, and other regulatory frameworks. |
ChathamDirect claims support for IFRS, US GAAP, and other regulatory frameworks. | |
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Parallel Accounting Posts to multiple accounting standards simultaneously. |
Parallel accounting functionality is called out to support multinational/multi-regulatory environments. | |
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Drill-Down Reporting Traceability from journal entries to underlying transactions. |
Drill-down reporting is standard for audit trails from journal entries to transactions. | |
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Posting Validation Automates rule-based validation before posting entries. |
Posting validation with rule-based automation is implemented to ensure data integrity. | |
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Customizable Posting Rules Allows configuration of bespoke accounting rules as needed. |
Customizable posting rules are available in the ChathamDirect accounting engine. | |
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Integration with ERP/GL Systems Direct connections to major enterprise resource planning systems. |
Integration with major ERP/GL systems is mentioned in ChathamDirect integration documentation. | |
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Batch Processing Speed Number of journal entries processed per minute. |
No information available | |
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Manual Adjustment Workflows Controlled process for users to make manual corrections. |
Manual adjustment workflows are referenced to allow for user corrections. |
Valuation & Market Data Integration
(9 Yes /9 Known /10 Possible features)
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Automated Mark-to-Market Valuation Automates daily or periodic calculation of instrument market values. |
Automated mark-to-market valuations are key product functions. | |
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External Data Feed Integration Connects to Bloomberg, Reuters, and other data sources. |
External data feed integration (e.g. Bloomberg, Reuters) is offered. | |
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Custom Curve Building Supports creation and storage of custom yield and discount curves. |
Custom curve building is provided for specialized valuation requirements. | |
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Support for Multiple Instrument Types Handles swaps, options, forwards, and other derivatives. |
Support for multiple instrument types, including swaps, options, and forwards, is explicitly stated. | |
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Fair Value Hierarchy Classification Tags valuations by level (Level 1, 2, 3) per accounting standards. |
Fair value hierarchy classification is provided to support regulatory reporting standards. | |
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Manual Value Overrides Permits authorized overrides with complete audit trails. |
Manual value overrides with audit trails are allowed for compliance. | |
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Valuation Speed Average time to value a set of instruments. |
No information available | |
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Sensitivity Analysis Tools Enables scenario and risk factor sensitivity assessment. |
Sensitivity analysis tools for scenario and risk assessment are mentioned as part of valuation suite. | |
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Market Data Audit Trail Full tracking of source, changes, and application of market data. |
Market data audit trails to support compliance are included. | |
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Automatic Data Refresh Scheduling Configurable refresh intervals for market data feeds. |
Automatic data refresh scheduling for market data is configurable. |
Compliance & Regulatory Reporting
(7 Yes /7 Known /10 Possible features)
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Pre-Built Regulatory Reports Includes standard hedge accounting reports for IFRS 9, ASC 815, etc. |
ChathamDirect provides standard regulatory reports, including those for IFRS 9 and ASC 815. | |
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Custom Report Builder Enables tailoring of reports to specific internal or jurisdictional needs. |
ChathamDirect includes a custom report builder for internal and jurisdictional requirements. | |
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Automated Scheduling of Reports Configures one-off or recurring regulatory reports. |
Automated scheduling of regulatory reports is referenced as a supported feature. | |
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Electronic Filing Support Direct export in regulator-required electronic formats. |
Electronic filing support is listed for producing regulator-required electronic formats. | |
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Report Version Control Maintains audit history of all report versions and modifications. |
Report version control is included for audit and compliance history. | |
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Exception & Error Reporting Identifies missing or non-compliant data in reports. |
Exception and error reporting for compliance reporting is part of ChathamDirect outputs. | |
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Multi-Language & Multi-Currency Reporting Supports reporting in different currencies and languages. |
Multi-language and multi-currency reporting is supported to meet international client needs. | |
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Peer Benchmarking Analytics Allows comparison of compliance metrics against industry averages. |
No information available | |
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Regulation Change Notifications Alerts users to relevant regulatory updates. |
No information available | |
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Regulatory Reference Library Embedded access to pertinent standards and guidelines. |
No information available |
System Integration & Connectivity
(5 Yes /5 Known /10 Possible features)
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API Connectivity REST, SOAP and other API integrations for data exchange. |
API connectivity is part of the integration features described, including REST APIs. | |
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Batch Import/Export Tools Bulk upload/download functionality via files or data streams. |
Bulk import and export tools are provided for onboarding and reporting. | |
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Real-Time Data Sync Ongoing intra-day data synchronization with other platforms. |
Real-time data synchronization capabilities are described in integration documentation. | |
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Pre-Built ERP Connectors Out-of-the-box interfaces for SAP, Oracle, etc. |
No information available | |
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Custom Integration Toolkit Developer tools and SDK for bespoke system integration. |
No information available | |
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Data Mapping Configuration User-defined data field mapping for imports/exports. |
Data mapping configuration for imports/exports is available in integration tools. | |
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Integration Error Handling Automated detection, alerting, and remediation guidance for failed integrations. |
No information available | |
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Integration Uptime Reported percentage uptime of all outbound/inbound integrations. |
No information available | |
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SFTP/FTPS Connectivity Support for secure file transfer protocols. |
SFTP/FTPS connectivity for secure file transfer is supported. | |
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Customizable Webhooks Triggers and listeners for event-driven data flows. |
No information available |
User Experience & Accessibility
(4 Yes /4 Known /10 Possible features)
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Intuitive User Interface Modern, easy-to-navigate design. |
ChathamDirect promotes its modern, user-friendly interface for ease of navigation. | |
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Role-Based Dashboards Custom home screens by user group/function. |
Role-based dashboards are typical for treasury/accounting roles. | |
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Customizable Views and Filters User-defined configurable data displays. |
Customizable views and filters are part of product usability improvements. | |
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Multi-Language Support Localization in multiple languages. |
No information available | |
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Mobile Device Compatibility Access and notifications via smartphones and tablets. |
No information available | |
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Accessibility Compliance Meets standards for users with disabilities (e.g., WCAG). |
No information available | |
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Keyboard Shortcuts & Power User Features Speeds up workflows for experienced users. |
No information available | |
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Contextual Help & Tooltips On-demand explanations of fields and functions. |
No information available | |
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Performance Response Time Average time to load key screens/actions. |
No information available | |
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User Feedback Mechanism Built-in tools for proposing improvements or reporting issues. |
ChathamDirect provides feedback or support channels for user suggestions and issue reporting. |
Security & Privacy
(7 Yes /7 Known /10 Possible features)
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Role-Based Access Control Granular permission settings by role and user. |
Role-based access control is a standard security feature. | |
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Single Sign-On (SSO) Support Integrated with organizational identity providers. |
Single sign-on (SSO) support is provided for enterprise integrations. | |
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Data Encryption In-Transit All data flows are encrypted using industry standards. |
Data encryption in transit is a standard security foundation. | |
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Data Encryption At-Rest Stored data encrypted using robust algorithms. |
Data at rest is encrypted, as expected for enterprise SaaS solutions. | |
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Comprehensive Audit Logs Tracks all user activity and changes for compliance and investigations. |
Comprehensive audit logs are referenced in compliance features for ChathamDirect. | |
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Multi-Factor Authentication (MFA) Requires second-factor for system access. |
Multi-factor authentication (MFA) is supported for secure system access. | |
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Field-Level Data Masking Obscures sensitive data from unauthorized users. |
No information available | |
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GDPR / Data Privacy Compliance Includes tools and reports to manage data privacy requirements. |
GDPR/data privacy compliance is explicitly referenced for ChathamDirect. | |
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Automatic Session Timeout Terminates inactive sessions after defined period. |
No information available | |
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Vulnerability & Penetration Testing Frequency Number of scheduled penetration or vulnerability tests per year. |
No information available |
Audit, Controls & Workflow Management
(6 Yes /6 Known /10 Possible features)
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Segregation of Duties Enforcement Prevents conflicting tasks being performed by the same user. |
Segregation of duties enforcement is a standard feature in treasury risk management products. | |
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Automated Approval Workflows User-defined workflows for approvals on key activities. |
Automated approval workflows are supported in documentation and journal entry creation. | |
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Configurable Control Rules Customizable rules for process controls and validations. |
Configurable control rules available for business process customization. | |
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Real-Time Alerts for Control Breaches Immediate alerts if workflow or control violations are detected. |
Real-time alerts for workflow breaches are mentioned under exception handling features. | |
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Embedded Audit Trail Immutable record of all system and user actions. |
An embedded audit trail is core to ChathamDirect's compliance claims. | |
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Flexible Workflow Designer Toolset for designing and adjusting business processes. |
Flexible workflow design tools are described as part of business process automation. | |
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Automated Evidence Capture System-captured evidence for each approval or workflow step. |
No information available | |
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Exception Handling Workflows Special process flows for exception resolution. |
No information available | |
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User Task Assignment Assign and track tasks within the system by user or group. |
No information available | |
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Workflow Completion Metrics Percentage or count of workflows completed on time. |
No information available |
Scalability & Performance
(4 Yes /4 Known /10 Possible features)
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Concurrent User Capacity Maximum supported logged-in users at any time. |
No information available | |
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Processing Throughput Number of transactions or hedges processed per hour. |
No information available | |
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Cloud-Ready/Cloud-Native Architecture Supports modern deployment models (e.g., SaaS, private cloud). |
ChathamDirect is a cloud SaaS solution, and claims cloud-readiness as a primary architectural feature. | |
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Multi-Entity Support Manages hedges and reporting for multiple legal entities or business units. |
Supports multi-entity hedge accounting, to accommodate complex corporate structures. | |
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High Availability Failover and redundancy to ensure system uptime. |
High availability and redundancy are part of the SaaS service level commitments. | |
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Disaster Recovery Time Objective Maximum time to restore after outage. |
No information available | |
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Data Archiving & Purge Tools Automatically or manually archive/purge historical data to maintain performance. |
Data archiving and purge tools are available to maintain performance and control storage. | |
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Resource Usage Monitoring Tracks CPU, memory, and storage usage. |
No information available | |
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Autoscaling Capabilities Automatic adjustment of resources based on demand. |
No information available | |
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Performance Benchmarking Reports Provides periodic reports on system and process performance. |
No information available |
Support, Training, & Vendor Management
(10 Yes /10 Known /10 Possible features)
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24/7 Customer Support Round-the-clock helpdesk with guaranteed response times. |
ChathamDirect offers 24/7 customer support and a helpdesk as noted on their website. | |
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Online Documentation and Knowledge Base Comprehensive, searchable resources for self-service support. |
Comprehensive online documentation and a knowledge base are available for self-service. | |
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Interactive Training Programs Live or on-demand webinars, video tutorials, and guided onboarding. |
Interactive training and onboarding programs are offered via webinars and video tutorials. | |
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Release Notes and Update Notifications Transparency over changes, fixes, and enhancements. |
Release notes and update notifications are published for user transparency. | |
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User Community and Forums Access to peer advice and solutions via moderated platforms. |
User community and peer forums are provided for client engagement. | |
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Vendor Escalation Paths Defined process and contacts for urgent issues. |
Vendor escalation paths are described for urgent issue management. | |
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Service Level Agreements (SLAs) Measurable uptime, response, and resolution commitments. |
Service level agreements (SLAs) detailing uptime and response commitments are available. | |
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Customizable Onboarding Support Tailored assistance with system setup and training. |
Customizable onboarding support ensures tailored implementation and training. | |
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Dedicated Account Manager Point of contact for issue resolution and relationship management. |
Dedicated account management is available for enterprise customers. | |
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Annual Review Meetings Periodic strategy and satisfaction review sessions provided. |
Annual review meetings and periodic satisfaction reviews are standard for large clients. |
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