Pension Management System | Pension Management Software

factoHR Retirement Benefit Platform Also offers below Mentioned Modules

factoHR’s Pension Management Software for Employees’ Benefits Administration

Process members’ pension funds with the cloud-based centralized platform and help them secure their future with the time and cost-saving pension management software by factoHR.

Increased Transparency

The process of pension management in the software is transparent, which means members can view their details anytime they want, increasing their satisfaction.

Time-saving

The organized environment of factoHR’s pension management allows employers and members to save enough time to focus on productive tasks.

Reduced Infrastructural Investment

Due to the complete online process, while managing the details and investments, factoHR helps you reduce extra infrastructural costs.

Multiple Pension Scheme

With factoHR pension management, admins can manage multiple pension schemes and perform pension-related transactions quickly from a single place.

Pension Calculation

factoHR provides you a configurable yet flexible pension calculation where you can calculate your members’ pension, control disbursement amount, and download calculation statements within a single platform.

Annuity Type

You can select an annuity type from options like ⅓, ⅔, full pension or full refund to claim your pension at the time of retirement.

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Claim Settlement

Using our pension management, members can apply for claim settlement and you can track bank entries made in case of insurance amount received by the trust and paid to the member.

Easy Accounting

Streamline your complicated accounting with factoHR using real-time accounting, maker-checker approval, auto voucher posting, and reporting.

Bank Receipt/payment

factoHR’s automated environment allows users to process distinct bank receipts and payment transactions quickly, reducing your manual input.

Bank Reconciliation

Cross-check all the entries during bookkeeping on a daily basis to identify any errors using factoHR’s bank reconciliation and generate reports anytime.

Contra

factoHR’s contra entry feature gives you the option to process multiple interest bank transfer inputs easily.

Journal

Users can handle journal inputs, get details of auto-inputs created for accrued interest, monthly contribution, amortization, etc.

Reports

factoHR’s platform helps you generate voucher and ledger reports separately or simultaneously in a formatted way useful for your company.

Revenue Account

Regular alerts of revenue statements are generated to provide users the details of profit or loss in real-time.

Balance Sheet

factoHR lets users generate real-time trust balance sheets from the system in a legible format.

Investment Management

Our investment management feature enables you to monitor returns on your trust’s investments by performing mark to market valuation, managing all types of security, investment evaluation, etc.

Investment Evaluation

factoHR’s investment evaluation helps you select investment particulars suitable to your criteria.

Mutual Fund/equity Purchase

Users can separately process the purchase of mutual funds and equity regardless of their diverse functionalities.

Interest Accrued

You can analyze the details of all the accrued investments at your need within a single click.

Investment Yield

factoHR enables you to access data related to auto-calculated interest yield for all your investments, helping you create better decisions.

Interest Summary

factoHR lets you generate summary reports related to interest gained in particular investment categories.

Mark to Market Facility

Track the total profit and losses in the company’s mutual fund and equity investment based on the NAV dates.

An Exquisite Pension Management Solution that Streamlines Employee Funds

As a prominent leader of retirement benefit solutions, factoHR strives to help businesses manage their employee’s funds in various trusts. It offers an Employee Self Service portal and Mobile Application to simplify different schemes such as Superannuation Fund Management, GPF Management Solution, and many more.

Streamline Your Pension Management with factoHR Today

factoHR’s simplified and interactive pension management solution allows organizations to handle all the members’ investments online.