What are the differences between Splunk and SNMP on CA PAM?
While both do send what could be considered "traps", although "traps" are most commonly referred to by SNMP, the big difference is syslog can get much granular in the logging. SNMP is also used to pull statistics and utilization from interfaces.
Link on how to setup SNMP traps:
Is a third-party software which not supported by CA. A Splunk server works with CA Privileged Access Manager to monitor logs.
Link on how to setup Splunk: