Make complex accounting easy with the help of our superannuation trust software and complete audit in a hassel-free manner by getting all accounting reports in a single click.
Process various bank receipt and payment transactions quickly with minimum manual working.
Take the help of our bank reconciliation module to reconcile your bank with bank statements for better fund management with fewer efforts.
Availability of contra entry option to manage multiple inter-bank transfers.
Auto-posting of various journal entries like monthly contribution, member interest posting, accrued interest, reversal of accrued interest, amortization, etc., will help in the improvement of working efficiency.
Generate and print ledger and voucher reports in quantities or formats that suit the requirements of the organization.
You can generate a real-time basis balance sheet to check the positions of your trust assets and liabilities.
factoHR’s superannuation fund application helps you maintain various investments properly and improve the investment fund yield if it is managed in-house.
When managing the investments internally, use the investment evaluation module to compare several security options to make the best buying decisions and process the purchase transaction post-purchase of each security.
Separate module designed for mutual fund and equity purchase transaction as having different nature than fixed interest rate investments.
You can generate an investment accrued report for all investments with the provision to pass accrued JV automatically.
Take decisions of interest distribution based on interest yield details for your investment corpus.
Get details of total interest received during any period in summary format.
Get rid of complex Mark To Market profit or loss calculations for mutual fund and equity investment with an automated system to calculate the same with a single click.
If funds are managed by LIC, get rid of time-consuming LIC fund management activities as the system will help you to manage your LIC fund in an effective manner.
You can track the LIC annuity purchased for employees.
Upload facility available for member-wise LIC interest if funds are managed by LIC.
Ease of generation of member-wise annuity purchase report in one click.
Employee-wise scheme selection and scheme-wise fund allocation will be allowed if the investment is done in multiple LIC schemes.
You can upload LIC scheme-wise contributions if there are multiple LIC schemes.
Managing members become simple with our membership management tool.
Make monthly contribution upload process easy with file uploading option and accounting effect.
Process Superannuation settlement transactions as per payment option selected by members with taxation effect. You can also generate all required documents for employee communication.
Process superannuation settlement transactions with all types of options like 1/3 commutation,2/3 commutation, full refund, or full pension.
You can calculate and post SA interest with member-wise effect in a quick manner. In addition, also get a provisional interest report to know the interest liability in advance.
Get the updated status of the transfer-in application anytime with the help of our transfer-in module. Also, process receipt entry with member-wise effect once the amount is received.
You can generate SA statements as per your requirement. Also, share the same among employees with email facility.
Empower your employees with the help of the Employee Self Service portal for direct access to their superannuation fund information.
Check SA balances as on date any time.
Generate SA statements for the current year or past financial years as per requirement.
Resigned employees can apply, manage, and check the status of the investment settlement through the ESS tool.
Employees can add or change nominee details for the SA fund separately through online mode.