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 ProVal
System Requirements
Find out the minimum system requirements to effectively use ProVal. |
For more information, please contact:
Joe Gilbert
Vice President, Marketing
(203) 861-5514
jgilbert@winklevoss.com
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 Download ProVal Brochure
Census Data: ProVal includes a comprehensive database management system
designed to help you quickly and accurately prepare and summarize census data
for the current year’s valuation. You’ll find powerful, yet easy, ways to screen
data for complete and reasonable values, define fields by way of a formula or table,
produce data reports such as age/service scatter charts, and much more. And next year’s
data preparation will be even easier because you can reuse the prior year’s settings.
Our clients have given the database management sector of ProVal rave reviews for saving
time and producing accurate census data. [More...]
Annual
Valuations: ProVal is a comprehensive valuation system for pension
and retiree medical plans. There are separate calculation modes for:
- U.S. Qualified defined benefit pension plans (both single employer and multi-employer),
- Canadian Registered defined benefit plans,
- Non-qualified defined benefit pension plans,
- Retiree life and medical (OPEB) plans, and
- Public pension plans
These calculation modes allow ProVal to apply the appropriate laws and
regulations into your liabilities, contributions, and expense. In fact,
ProVal has so much flexibility that many other international plans can
be modeled as well. [More...]
Contribution
& Expense: ProVal not only produces liability values – it
also calculates funding contributions and accounting expense. ProVal
even produces a series of exhibits that can be incorporated into
your actuarial report. Contributions are calculated under many
actuarial cost methods and funding policies, applying, where
appropriate, the minimum and maximum funding requirements. Expense
is available under numerous accounting standards for both pension
and OPEB plans. [More...]
Deterministic
Forecasting, Stochastic Forecasting & Asset Allocation:
Valuations tell you what happened over the past year and reveal
the current financial position of the plan. However, another
important need of senior management is to know where the plan
may be headed in future years. ProVal is designed to move
seamlessly from valuations to deterministic and stochastic
forecasts with little additional work. Key to this analysis
is that the assets and liabilities are integrated, that is,
react to underlying shifts in bond yields, inflation, and
other economic factors, to produce the final contribution
and expense forecast. [More...]
Output & Reports:
ProVal’s output facilities are extensive and flexible. The system includes
pre-designed summary output, pre-designed exhibits (such as the development
of accounting expense), as well as customized output that lets you compare
or add multiple runs. [More...]
Tools, Help, Support, and Training:
ProVal’s features go beyond the core tasks of running valuations and forecasts.
There are analytic tools to perform gain/loss analysis, experience studies,
nondiscrimination testing, and more. Every run is protected by a built-in
audit trail that automatically links inputs and output, so you’ll always be
able to reproduce results. For the biggest runs, you can even run them in
Batch mode on your machine or on a separate server.
[More...]
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