Gratuity Fund Management Software

Replace excel with factoHR’s Gratuity Fund Management Software and calculate complex gratuity quickly and accurately by implementing a custom formula for gratuity payments to members.
benevolent fund trust for support members families

Actuary Valuation

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.

multiple scheme management and configuration

Membership Management

With the help of factoHR’s Retirement Benefit Software, manage trust members easily and perform transactions quickly.

  • Settlement Application/Payment/Covering Letter

  • Transfer-in Application/Receipt/Covering Letter

  • Transfer-out Application/Payment/Covering Letter

Simplify your employees’ gratuity funds tracking with factoHR

Investment Management

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.

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

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.

Bank Receipt/Payment
Bank Reconciliation
Contra
Investment Yield
Ledger Report
Voucher report
Trial balance
Revenue Account
Balance Sheet
Cash Flow

Security And Monitoring

From security metrics, get benefits of the below features.

  • Audit Trail

  • Role /Rights

  • Maker/Checker And Approver Facility

  • Month/Year Locking facility

Custom Formula For Gratuity Payment

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.

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 your employees’ 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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