With factoHR pension management, admins can manage multiple pension schemes and perform pension-related transactions quickly from a single place.
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.
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.
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.
Streamline your complicated accounting with factoHR using real-time accounting, maker-checker approval, auto voucher posting, and reporting.
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.
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.
The process of pension management in the software is transparent, which means members can view their details anytime they want, increasing their satisfaction.
The organized environment of factoHR’s pension management allows employers and members to save enough time to focus on productive tasks.
Due to the complete online process, while managing the details and investments, factoHR helps you reduce extra infrastructural costs.
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.
factoHR’s simplified and interactive pension management solution allows organizations to handle all the members’ investments online.