Gratuity Software
Replace your excel with FactoHR Gratuity Software to tackle complexity of gratuity with ease and accuracy.
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List of modules available on factoHR Retirement Benefit Platform
Actuary Valuation
With factoHR, you can get all the required data from the system for actuary valuation.
Membership Management
Using our comprehensive membership management, you can manage your member information and conduct transactions like transfer in/out, settlement application, etc.
Settlement Application/Payment/Covering Letter
Transfer-in Application/Receipt/Covering Letter
Transfer-out Application/Payment/Covering Letter
Simplify gratuity funds tracking with factoHR
Investment Management
Manage your trust’s investment with ease by managing all security types, investment evaluation, and mark to market valuation using factoHR investment management.
Investment Evaluation/Purchase
Mutual Fund/Equity Purchase
Interest Accrued
Investment Yield
Interest Summary
Investment Amortization
Investment Register
Investment Summary
Mutual Fund/Equity Management
Mark To Market Facility
Ease Of Accounting
factoHR enables you to streamline your accounting, automate JV posting, up-to-date reporting, etc., so you can overcome accounting challenges.
Bank Receipt/Payment
Bank Reconciliation
Contra
Investment Yield
Ledger Report
Voucher report
Trial balance
Revenue Account
Balance Sheet
Cash Flow
Security And Monitoring
factoHR gives you complete control over your gratuity fund related activities and provides robust security measures to keep your data secure.
Audit Trail
Role /Rights
Maker/Checker And Approver Facility
Month/Year Locking facility
Custom Formula For Gratuity Payment
Reduce the need of spreadsheets and perform gratuity calculations by setting up multiple custom formulas according to IT, Company, and Gratuity Act.
Get In-depth Features For Better Fund Monitoring
RTGS/NEFT Letter
RTGS/NEFT letter is the requested document required to be submitted to the bank for making online payments. You will be able to generate such letters for all types of online payments.
e-TDS Return
With the help of the e-TDS return feature, users can generate uploading files that can be directly used for FVU validation and submission.
User-defined Letter generation
With the help of this functionality, the user can generate covering letters for various transactions like settlement, transfer-in, transfer-out, loan disbursement, and pension claim as per his requirement.
SMS/Email Functionality
User-triggered as well as auto-triggered SMS/Email functionality is available for each and every member-related transaction.
Reminders
You will get different reminders for the information that is critical and important in nature, like reminders for Interest due, maturity due, pending applications, bank reconciliation, uninvested balance, etc.
Import Bulk Transactions
Import bulk transactions will allow you to process various transactions through file upload, which will reduce your time in transaction processing.
Extensive Features Of Gratuity Management At Your Fingertips
Manage Multiple Retirement Benefits Solutions With factoHR At One Place
Leverage factoHR’s all-in-one employee benefits scheme management such as Provident Fund Software, Benevolent Fund Solution, and many more. Get various features to manage investments, fund calculation, accounting, etc., and reduce complex processes.
Streamline Gratuity Fund Management with factoHR today
Reduce all the manual processing and complex gratuity calculations with factoHR’s Gratuity Fund Trust Software and leverage various exclusive features.
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