Gathering data for actuary valuation will become easy now as you will get all the required data for the actuary valuation of gratuity trust from the system itself.
With the help of factoHR’s Retirement Benefit Software, manage trust members easily and perform transactions quickly.
factoHR’s Gratuity Fund Management Software will help you to manage investment effectively and increase the yield of your fund if the investment is managed in-house.
Complete your audit before time without any hassles in factoHR’s Gratuity Fund Management to pass all types of accounting entries. You will be able to generate multiple reports for accounts finalization.
From security metrics, get benefits of the below features.
You can manage multiple custom formulas for gratuity payment as per your requirement and criteria. Reduce the use of excel and calculate complex gratuity quickly and accurately as per Gratuity Act, Company Act & IT act with TDS implication.
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.
With the help of the e-TDS return feature, users can generate uploading files that can be directly used for FVU validation and submission.
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.
User-triggered as well as auto-triggered SMS/Email functionality is available for each and every member-related transaction.
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 will allow you to process various transactions through file upload, which will reduce your time in transaction processing.
