Work efficiently with Precision Valuations and Integrated Forecasts in ProVal
Robust Data Facilities
- Import and merge data
- Find and resolve duplicate records, screen for reasonableness and completeness, generate client-friendly data questions
- Generate status reconciliations, summary statistics, and more
- Review and filter change history
- Automate annual data processes
Valuation-Quality Results
- Funding and accounting liabilities
- Projected cash flows
- Built-in sensitivities, contribution, and expense development
- Customizable output to compare runs
- Report writing
Reviewable Results
- Detailed calculation reports for test cases
- Gain/loss analysis in aggregate or by individual
- Automatic logging of changes to valuation assumptions
- Input locking ensures valuation results are consistent with benefits
- Experience studies to compare actual vs. expected
Extensive and Flexible Forecasting
- Separate experience and valuation assumptions
- Fully parameterized and customizable population growth
Stochastic forecasting for:
- Asset allocation
- ALM and LDI studies (with integrated assets and liabilities)
Pension Risk Transfer (PRT)
- Track record of success for planning, implementing, and maintaining pension risk transfers
- PRT includes annuity pricing and financial modeling
Help and Training
- Contextual help and documentation to support an easy user experience
Training across a range of subjects, including:
- Self-directed online courses
- Instructor-led training sessions
Performance
- Built-in parallel processing increases speed
- Further increases to processing speed are possible through the WinTech grid, which supports more processors and machines
Defined Contribution Compliance
Perform annual calculations:
- True-up and non-elective allocations
Avoid failing nondiscrimination testing by performing:
- ADP/ACP testing
- Coverage and general testing
- HCE/NHCE determination
- Refund (or QNEC) calculations
Benefits
Continuous Innovation
New releases include a host of new features, reflecting law changes, user suggestions and requests, ease of use enhancements, technology changes, and more. All releases are upwardly compatible, meaning previous data files work seamlessly with new versions. We employ persona-based design to discover and deliver features you didn’t even know to ask for. There are no additional fees for new releases.
Valuation Efficiencies
You can produce work faster and at lower cost using ProVal, as we have implemented the best thinking and ideas from our clients around workflow, all the way from data preparation through report generation.
No Limits
ProVal is designed to handle the biggest populations and most complex benefits and assumptions.
Simple to Learn
ProVal's user interface is easy to use, easy to learn, and efficient to work with. ProVal can be learned in a two day training session, or following online self-directed training.
Actuary-Crafted
ProVal was built by actuaries for actuaries. We're dedicated to providing solutions that make your life easier and more efficient.
Unrivaled Service and Support
WinTech is staffed with pension actuaries who float between working on development, support, training, testing, and more. As a result, we offer excellent products with unparalleled technical support.
Global Reach
ProVal serves users in 30+ countries, enhancing decision-making, efficiency, and accuracy.
High Quality
ProVal’s calculations and methodologies have been approved by chief actuaries around the world. The volume of daily activity ensures that any bugs are found and fixed quickly. WinTech performs regression testing as part of our regular development routine and with every update and new release.
Seamless Integration
ProVal supports Club Vita mortality and turnkey economic scenarios from Ortec and Conning.
Intuitive add-ons to make your job easier
ProVal PS
for interactive desktop modeling
Compare Policies
- See effect of policies side by side
- Identify specific policies which best fit goals and objectives
- Develop and evaluate new scenarios using custom definitions of risk and reward
Share, Inform, Act
- Run forecasts in a meeting setting
- Display results in a clear and simple format
- Share the analysis easily with others, including Excel export
- Get advance warning to limit risk and produce better future cost outcomes
- Make informed decisions
Grid Platform
for enhanced speed
WinTech’s Grid Platform is created by connecting one or more ProVal users to one or more Grid Agents, using a common network folder to pass data packets back and forth.
Speed
Substantial speedups of CPU intensive runs by distributing them across a network of computers.
Shared Resource
Available to all ProVal users connected to a shared network.
Unlimited Local Processors
Utilize all local processors. Thus, speed ups don’t require a grid of networked computers.
Installation Guide and System Requirements: Download
Free Training, at your own pace
A great way to learn ProVal or get a refresher. Get access to:
Interactive training courses
Training videos
Instructor-led training available upon request
If new, please use your work email to register as access to our software is needed to complete the courses.
Discover more
At WinTech, we pride ourselves on providing innovative solutions that meet your unique needs.
