Retirement Benefits Solution

All in one solution for Provident Fund, Superannuation & Gratuity trust that combines investment management, member management and accounting in one package.

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Testimonials

S Ravichandran – Divisional Manager at Brakes India Pvt Ltd
Mr. Ramesh – Sundaram Clayton Ltd (SCL)

Mr Jammbunathan R – Asst. Manager (Finacial Account) at TubeInvestment

FactoHR – Retirement Benefits

FactoHR’s Retirement Solution is a one-stop solution which will be helpful in PF (Provident Fund) Trust Management, superannuation & gratuity trust .With our employees provident fund software, you will be able to address the crucial need for optimizing employees benefits and care in all manner.With all the solution integrated at one place, factoHR creates a platform which is best in accessibility and simple interface.

What unique things do you get with employee provident fund software?

With our employee provident fund software solution, you can manage many benefits schemes for retirements like defined contribution, hybrid funds & various other gratuity plans. Our retirement benefit software solution offers you financial accounting, employee self-service portals & many AI based reporting tools and auto reminders.

Provident Fund
Manage all your workforce’s provident fund related activities along with the accounting and reporting in our PF Software.

Superannuation
Manage superannuation trust easily and efficiently with benefits of pension plans after retirement.

Gratuity
Replace excel and calculate complex gratuity quickly and accurately by implementing custom formula for gratuity payments to members.

Why go with our PF Software?

factoHR provides all in one solution to manage all activities related to employees retirement benefit funds. Refer below detailed functionalities offered by factoHR

Provident Fund

Provident Fund

 

Superannuation Fund

Superannuation Fund

 

Gratuity Fund

Gratuity Fund

 

 Accounting

Accounting

 

Membership Management

Membership Management

 

Investment Management

Investment Management

 

Employee Self Service

Employee Self Service

 

Statutory

Statutory

 

Mobile Application

Mobile Application

 

 

 

Provident Fund


Accounting

Process all accounting entries based on which you can generate all types of accounting reports to complete your audit in a hassle free manner.

Reports

With our employee provident fund software, we provide effective reporting tools that will help you to improve operational efficiency and analysis. You will be able to generate all types of Accounting reports, Investment reports, and member-related reports.

Member Interest Calculation

Calculate and post member wise PF interest with differential interest rate facility on a single click. Also generate provisional interest report to get to know interest liability without posting interest.

Loans & Withdrawals

Our loan management eases your configuration of loans & withdrawal policy as per your requirements & also lets you auto calculate loan eligibility amount and sanctioning of it. You are allowed to track your status of the application.

Role / Rights

With our PF management software, You can manage multiple users by defining different roles and what rights to be given to them for day to day activities based on their work profile.

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.

Statutory Compliance

Avoid penalty with the help of our statutory module which helps to remain compliant with RPFC or IT.

Import Bulk Transactions

Process various transactions through import bulk transaction option which helps to reduce time in transaction processing.

Investment Management

Manage your investments in effective manner to increase yield of your funds with the help of factoHR PF software.

Membership Management

Availability of effective membership management module to manage trust members data and to perform transactions quickly.

Bonus Interest Calculation

Calculate and post member wise bonus interest as per defined policy.

 

Superannuation Fund


Accounting

Complete your audit before time to pass all types of accounting entries like Bank Receipt/Payment, Bank Reconciliation, contra, Journal & generate ledge based on that.

1/3, 2/3 Commutation

Our employee provident fund software will allow you to process settlement transactions with all types of options like a full refund, full pension including 1/3,2/3 commutation.

Reports

Effective Reporting tools will help you to improve operational efficiency and analysis. You will be able to generate all types of Accounting reports, Investment reports, and member-related reports.

Investment Management

Manage Investment effectively and increase the yield of your fund with the help of our investment module if funds are managed in-house.

Role / Rights

Facility to create roles and rights as per user profie for day to day activities.

LIC interest upload facility

In case funds are managed by LIC, you will be able to upload member wise interest declared by LIC.

Annuity Purchase Report

You will get Annuity purchase report member wise just in one click.

LIC Annuity Tracking

Allow your employees to efficiently track their LIC annuity purchased through employee self-service portal to stay updated.

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

With PF software solution, you can Import bulk transactions will allow you to process various transactions through file upload which will reduce your time in transaction processing.

 

Gratuity Fund


Data for Actuary Valuation

Gathering data for actuary valuation will become easy now as You will get all the required data for Actuary Valuation of Gratuity trust from the PF software itself.

Custom Formula for Gratuity Payment

With employee provident fund software, You can manage multiple custom formulae for gratuity payment as per your requirement and criteria.

Accounting

Complete your audit before time in a hassle-free manner to pass all types of accounting entries based on which you will be able to generate reports for Ledger, Voucher, Trail balance, Revenue account, and balance sheet.

Reports

Effective Reporting tools will help you to improve operational efficiency and analysis. You will be able to generate all types of Accounting reports, Investment reports, and member-related reports.

Investment Management

Manage your investments in effective manner to increase yield of your funds with the help of factoHR Gratuity fund Management software.

Gratuity, Company & IT Act

Replace excel and calculate complex gratuity quickly and accurately as per Gratuity Act, Company Act & IT act with TDS implication.

Import Bulk Transactions

Import bulk transactions will allow you to process various transactions through file upload which will reduce your time in transaction processing.

 

Accounting


Bank Receipt/Payment

Process all types of bank receipts and payment transactions with all types of receipt and payment options.

Bank Reconciliation

Facility to reconcile your bank book with bank statement to avoid any financial loss due to any human errors.

Contra

With our PF Software, you can manage interbank transfer entries which are recorded to easily reverse an entry on the other side of an account.

Journal

Separate module to pass journal entries where you can also check various system generated auto entries for Accrued interest, amortization, member interest and loan interest.

Ledger Report

Facility to print/generate all ledgers in bulk as well as individually in PDF and excel format.

Voucher Report

Bulk generation and printing of all types of voucher can be done for record purpose.

Trial Balance

Generate Multi level trail balance on real time basis for account finalization.

Revenue Account

Helps to take timely decision by providing revenue statement on real time basis.

Balance Sheet

Organizations can generate balance sheet for closing accounting and auditing in company configured format to clearly see the revenue and financial condition.

Cash Flow

Makes investment planning easy with cash flow as it provides projection of income & expenditure for each month.

 

Membership Management


Monthly Contribution

Helps you to upload monthly contribution through file with accounting effect. Also get contribution checklist report for contribution uploaded.

Loan Application

Manage and process all types of loan as per set criteria without any manual intervation. Also ensure timely recovery and accurate loan interest posting for refundable loan cases.

Settlement Application

Make withdrawal application and payment in bulk with file upload option and all types of payment options along with accounting effect. You will also get all types of post payment documents for employee communication.

Transfer in application

Generate documents required to initiate PF transfers and track status of transfer in application once application is sent for further process. You will also get option to record receipt entry once amount is received.

Transfer Application & Annexure k

With effective tracking mechanism, process transfer out application and payment in timly manner as per EPFO rules. Also generate necessary documents like Annexure k, payment voucher and covering letter based on trust type selection and communication option.

International Worker Check Points

Inbuilt checkpoints for international worker compliance at various stages like for contribution uploading, ECR generation, settlement payment and statutory reports generation.

Member’s PF Statement

Get various options to generate PF statements for individual employee or for selected employees or for all employees as per your criteria. Also avail facility to share PF statements through Email.

 

Investment Management


Investment Evaluation

Investment evaluation process becomes easy with the help of our investment evaluation module where in you can add multiple securities before purchase and can select best security after comparison. Also record investment purchase transaction once security is purchase with accounting as well as investment wise effect.

Mutual Fund & Equity

Manage mutual fund and equity investments by using our software efficiently and effectively. Create, purchase, sale and book profit on redemption of units with lesser manual working.

Interest Accrued

You will get investment wise accrued interest details for all pattern by just single click. Also post auto accrued JV in year ending.

Investment Yield

Get auto calculated interest yield for your total investments which helps to take decision on interest distribution among members.

Interest Summary

Generate interest summary report to get details of total interest received and receivable interest as per investment catagory.

Investment Amortization

Get rid from complex excel working to calculate amortization amount. Post investment amortization JV in single click based on investment amortization method configured as per your accounting practice.

Investment Register

Get script wise investment register having details of opening, current year purchase, matured during the year and at last closing investments as on date.

Investment Summary

Get details of pattern wise total investments including investment done in mutual fund and equity.

Mark to Market Facility

Facility to compute mark to market profit or loss for all your mutual fund and equity investments by capturing as on date NAV.

 

Employee Self Service


PF Balance

Offers facility to employees to check their balances on their own.

PF Statement

Employee can generate PF statements for current or past financial year online.

Loan Eligibility & Application

Facility to check loan eligibility and to apply for loan by employees online. Also documents can be uploaded for applied loan for further process.

Settlement Application

Availability of online settlement application for left employees. Employees can also check application status with this functionality.

Nomination Updation

Members can add or update nominee details on their own through ESS.

UAN KYC

Your company’s employee will be able to add their KYC details for verification by attaching documents with the application.

Prefilled Forms

Download prefilled from 10C, 10D and Form 2 rev online and submit for further process.

Loan & Transfer in History

Manage and analyze the loan transfer history which is already disbursed and is received previously in past.

 

Statutory


ECR File Generation

Manage ECR compliance with automated system to generate ECR challan that can be directly uploaded on EPFO portal for further process with both Arrears as well as Regular challan option.

Monthly E-Return

You will get all the data ready as per EPFO format to file monthly E-return on time.

KYC ECR Generation

Manage KYC compliance by using system generated KYC updation file as per EPFO format that can be uploaded directly on EPFO portal for further process.

Form 11 Generation

Generate pre-filled form 11 after updating master data to make your process easy and efficient.

Form 4 PS/5 PS

Easily auto-generate Form 4PS & Form 5PS month wise as well as employee wise for carrying out statutory compliance for your employees.

Statement -IW

Generate Statement of IW to be uploaded on IW portal as per statutory guidelines.

Form 2 Rev

Assign nominee for PF and EPS and get pre-filled From 2 rev generated for further submission with EPFO.

Form 10 C/ Form 10 D

You can generate Form 10 C/10 D for pension claim with accurately pre-filled data for direct submission.

Break in Service

Generate break in service report required for pension claim submission.

Form 13 Rev

Generate Form 13 rev for transfer in initiated after creating transfer in application.

 

Mobile Application


PF & Superannuation Balance

Facility to check as on date PF balances anytime anywhere.

PF & SA statement

Facility to generate PF statements for Current F.Y as well as for past F.Y on your finger tips.

Loan Eligibility & Application

Check eligibility and apply for loan online.

KYC Documents

Employee can upload and update KYC documents from Mobile.

Nominee Details

Members can check and update nominee details through mobile application.

Transfer in History

Members can check their transfer in application status on mobile.


Looking For More For Your Online PF Software?

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